Sundaram Mutual, one of India's leading retail-focused mutual funds, has launched Sundaram TOP 100 – Series-I, a three-year closed-end equity scheme. Sundaram Mutual, ranked amongst top ten in its folio concentration in the mutual fund industry, has launched Sundaram TOP 100 – Series-I which aims to invest predominantly, between 95-100 percent, in equity securities specified as eligible securities for RGESS.
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. Sundaram TOP 100 – Series-I, the New Fund Offer, opened for the subscription on May 5, 2014 and closes on May 23, 2014.
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Commenting on the launch of Sundaram TOP 100, Mr. Harsha Viji, Managing Director, Sundaram Mutual said, "Sundaram Mutual is known for unearthing investment opportunities with its research based approach. Sundaram TOP 100, intended as a wealth building tool for investors, endeavours to unearth the deep value hidden in several Indian companies."
Mr.Sunil Subramaniam, Deputy CEO, Sundaram Mutual, said, "We at Sundaram Mutual believe that the stage is set for the impending up-move in the economy and markets, we believe that well researched ideas with good fundamentals will hugely benefit from the anticipated upsurge in the markets and economy. Sundaram TOP 100 is created with a bouquet of handpicked ideas that intend to deliver value to the investors."
Sundaram Mutual has entrusted Sundaram TOP 100's fund management to Mr.J.Venkatesan. The performance of the scheme is benchmarked against CNX 100. Sundaram TOP 100 – Series-I shall invest in eligible securities as per Rajiv Gandhi Equity Savings Scheme, 2012.
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