Sundaram Fixed Term Plan - CR Floats On

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Sundaram Fixed Term Plan - CR Floats On
Sundaram Mutual Fund has launched a new fund named as Sundaram Fixed Term Plan - CR, a close ended income scheme with the duration of 368 days from the date of allotment of units.

Investment Objective:
The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

Allocation of funds:
The scheme will allocate up-to 100% of assets in money market instruments, short-term and medium-term debt instruments with low to medium risk profile. The scheme shall not make any investment in repo in corporate bond. The scheme shall not invest in securitized debt.

Basic Details:
NFO Opens: April 3, 2012
NFO Closes: April 9, 2012
NFO Price: Rs 10 per unit
Benchmark: Crisil Short-Term Bond Fund Index.
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 1 thereafter.
Exit Load: NIL
Manager: Dwijendra Srivastava.

Read more about: mutual funds, nfo, sundaram
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