Sundaram Mutual Fund launched new fund offer Sundaram Top 100 -Series I, a 3 years closed ended scheme. The NFO Opens for subscription on 5 May 2014 & closes on 23 May 2014. No entry load will be applicable for the scheme. Sundaram Top 100 Fund has got RGESS status that allows tax benefit for new retail Investor(first time).
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature
|Scheme Name||Sundaram Top 100 - Series I|
|Fund House||Sundaram Mutual Fund|
|Type||Closed Ended - 3 years|
|Benchmark||CNX 100 Index|
|Option||Growth / Dividend|
|Fund Manager||Venkatesan J.|
|Scheme Name||Sundaram Top 100 -Series I|
|NFO Open||05 May 2014|
|NFO Close||23 May 2014|
|Scheme Type||A closed ended equity scheme which shall invest in eligible securities as per Rajiv Gandhi Equity Scheme, 2012 as amended from time to time.|
|Minimum Application Amount||Rs 5000 and in multiples of Rs 1 thereafter|
|Load Structure||For Purchase during NFO : Entry & Exit - NIL|
Cheque Details : “Sundaram Top 100 – Series I “
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Who can Invest
This product is suitable for investors:
- Seeking long term capital appreciation
- With risk appetite of investing in Equities
- Investors willing to take exposure in equity and equity related securities
[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective
The scheme shall follow a passive investment strategy for the fixed income component of the Scheme. The investment will be in eligible equity securities under RGESS and shall be based on a thorough research of the general macroeconomic condition, political and fiscal environment, systematic liquidity, inflationary expectations, corporate performance and other economic considerations. The Investment Manager will keep in mind the Investment Objective of the Scheme and the applicable Regulations.
Stock Selection Idea
The Fund Manager will be adopting a combination of top-down approach and bottom-up stock selection, which will encompass an evaluation of key economic trends, the analysis of various sectors in the economy leading to an outlook on their future prospects, and a diligent study of various investment opportunities within the favoured sectors.
The corpus of the scheme will be primarily invested in equity of the companies as mentioned in the investment univerese specified for RGESS. The fund manager would primarily focus on long term growth for identifying stocks. The objective would be to identify business with superior growth prospects and strong management available at reasonable valuation and offering higher risk adjusted returns. The decision to sell would be based on price reaching its fair value or availability of alternative investment opportunity offering higher risk adjusted returns or anticipated price appreciation no longer possible due to change in business fundamental.
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Period Interest Rate Maturity Value of Rs 1,00,000 1 Yrs 10.25 1,10,750 2 Yrs 10.25 1,22,650 3 Yrs 10.25 1,35,820 4 Yrs 10 1,48,940 5 Yrs 10 1,64,530