Sundaram launched new fund offer Sundaram Top 100-Series V, a closed ended scheme. The NFO Opens for subscription on 12th February 2015 & closes on 11th March 2015. No entry load will be applicable for the scheme.
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent] ::Key Scheme Feature::
|Scheme Name||Sundaram Top 100-Series V|
|Fund House||Sundaram Top 100-Series V|
|Type||Closed Ended Equity Scheme|
|Term/Duration||Maturity period is reckoned 3 years from the date of allotment. If the maturity date is not a business day, the subsequent business day shall be considered as the maturity day for the scheme.|
|Fund Manager||Venkatesan J. The Trustee reserves the right to change the Fund Managers.|
|Scheme Name||Sundaram Top 100-Series V|
|NFO opens||12th Feb,15|
|NFO close||11th March,15|
|Scheme Type||Close Ended Scheme|
|Minimum Application Amount||Rs. 5,000/- and multiples of Re. 10/-|
|Load Structure||Entry Load: Nil|
Exit Load: Not applicable.
Cheque Details: “Sundaram Top 100-Series V.”
::Who can Invest::
This product is suitable for investors:
- Seeking long term capital appreciation
- Investment in equity/equity-related instruments of companies specified as eligible securities under RGESS.
[wptabtitle] Objective[/wptabtitle] [wptabcontent]::Investment Objective::
- To Generate capital appreciation from a portfolio that is substantially constituted of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2012. The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time. There is no assurance that the investment objective of the Scheme will be realized.
[wptabtitle] Investment Strategy[/wptabtitle] [wptabcontent]
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, systemic 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.
Performance difference between Sundaram Top 100 and the CNX 100 may arise as a result of several factors including:
• Any delay experienced in the purchase or sale of shares due to illiquidity of the market, settlement and realisation of sales proceeds and in receiving cash and stock dividends resulting in further delays in reinvesting them.
• Any costs associated with the establishment and running of the scheme including costs on transactions relating to investment,
recomposition and other operating cost.
• The CNX 100 reflect the prices of shares at close of business hours. However, the scheme may be able to buy or sell shares at different points of time during the trading session at the then prevailing prices, which may not correspond to the closing prices.
• Significant changes in the composition of the CNX 100 may involve inclusion of new securities in the indices in which event while the scheme will endeavour to balance its portfolio it may take some time to precisely mirror the indices.
• The holding of a cash position and accrued dividend prior to distribution and accrued expenses.
• Dis-investments to meet exits of investors, recurring expenses, etc. as elsewhere indicated in this Scheme Information Document.
[wptabtitle]Portfolio strategy[/wptabtitle] [wptabcontent]
The Investment 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 universe 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 Scheme would follow blend of bottom up approach (for stock selection) and top down approach (for sector allocation). 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.
In talking decisions, the Investment Manager will keep in mind the Investment Objective of the Scheme and the applicable Regulations.
[wptabtitle]What is Make In India[/wptabtitle][wptabcontent]
MAKE IN INDIA is an innovative idea that offers a win-win manufacturing solution to both India and the developed world!
Manufacturing in developed countries faces two problems:
(1) Labour costs are very high, and (2) There are not enough young people available for the jobs. This makes products
manufactured in the developed countries prohibitively expensive even for their own wealthy consumers.
The solution until now was to manufacture in China because it offered young labour at reasonable costs. Not any more. Chinese labour has become expensive and the population is getting older.
The world is again looking for a manufacturing base that’ll offer the twin advantages.
Enter India. India has the largest population of young people in the whole world, about 500 million! Our labour costs are also very attractive by global standards. MAKE IN INDIA is an initiative which recognizes this match of needs between India and the
developed world and endeavours to make India the world’s manufacturing hub. This way we get jobs for millions of our youth
and the world gets an attractive manufacturing base!
MAKE IN INDIA will also naturally lead to increased exports and reduced imports. It will lead to greater prosperity for Indians,
greater purchasing power and a bigger internal market for the very products we will manufacture for the world. In time MAKE IN INDIA will lead to MAKE FOR INDIA.
|Thermal power||5th largest producer and consumer of electricity|
|Mining||302bn. tonnes of coal reserves, 6th largest bauxite reserves and 5th largest iron ore reserves|
|Oil and gas||2nd largest refiner in Asia and the 4th largest global consumer of crude oil and petroleum products|
|Ports||800mn. metric tons in cargo capacity and 60 operational non-major ports|
|Railways||World’s 3rd largest network, handles 3mn. tonnes of freight and 23mn. passengers every day|
|Roads & highways||4.9mn. kms of roads and highways and plans 100,000kms of national highways by 2017|
|Construction||Plans 100 new smart cities and expects $1tr. investment by 2017|
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