Sundaram MF launches Sundaram Select Micro Cap - Series I

Sundaram Mutual Fund has launched a new five-year closed-end equity scheme as Sundaram Select Micro Cap - Series I, which aims to invest predominantly, between 65-100 percent, in equity or equity-related instruments of companies that can be termed as micro-caps.

The scheme has no entry load and the units of the scheme will be listed on the National Stock Exchange (NSE) within five business days from the date of allotment.

The New Fund Offer (NFO), opened for the subscription on December 16, 2013 and closes on
December 30, 2013.

Mr. Harsha Viji, Managing Director, Sundaram Mutual, said, "We believe there are opportunities to invest in all market conditions and Sundaram Mutual is known for unearthing these opportunities. Sundaram Select Micro Cap is timed perfectly. There is deep value hidden, in India, amongst small and micro cap space and with our research based approach we are ideally positioned to unearth these stocks for our investors. Sundaram Select Micro Cap is intended as a wealth building tool for investors."

Mr.Sunil Subramaniam, Director - Sales & Global Operations, Sundaram Mutual, said, "We at Sundaram Mutual believe that the stage is set for the next up-move in the economy and markets, we believe the micro caps that are trading at significant discounts are set to outperform the large cap space. Sundaram Select Micro Cap is fittingly created to unearth the opportunities in the micro cap space thereby offering the investors a Micro Cap advantage like never before."

Sundaram Mutual has entrusted Sundaram Select Micro Cap's fund management to Mr. S.Krishna Kumar.

The performance of the scheme is benchmarked against S&P BSE Small Cap Index.

The scheme will invest in companies whose market capitalisation is equal to or lower than that of the 301st stock by market cap on the NSE at the time of investment to be in micro-cap category.

Anda sedang membaca artikel tentang

Sundaram MF launches Sundaram Select Micro Cap - Series I

Dengan url

http://harmonisem.blogspot.com/2013/12/sundaram-mf-launches-sundaram-select.html?m=0

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Sundaram MF launches Sundaram Select Micro Cap - Series I

namun jangan lupa untuk meletakkan link

Sundaram MF launches Sundaram Select Micro Cap - Series I

sebagai sumbernya