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Sundaram MF unveils Fixed Term Plan - BH


Sundaram MF unveils Fixed Term Plan - BH
Sundaram Mutual Fund has launched a New Fund Offer (NFO) on August 23, 2011, namely, Sundaram Fixed Term Plan - BH. It's a close-ended income scheme especially designed for the people who want to lock their money for short duration.

The tenure of the scheme is 4 months from the date of allotment of units. The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on NSE.

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 targets to raise a minimum subscription of Rs 1 crore under the scheme during the NFO period.

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 invest in securitized debt.

Fund Manager:

Dwijendra Srivastava will be the Fund Manager of this scheme.

Dwijendra is CFA from CFA Institute, USA, B Tech in Textile Engineering and P G Diploma in Finance. He has 10 years of overall work experience and currently holds the position of Head-Fixed Income Securities with Sundaram Mutual Fund.

Basic Details:

NFO Opens: August 23, 2011

NFO Closes: August 26, 2011

NFO Price: Rs 10 per unit

Options: Dividend Payout & Growth

Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter

Exit Load: Nil

Benchmark: Crisil Short-Term Bond Fund Index

Fund Manager: Dwijendra Srivastava

Read more about: mutual funds nfo nse sundaram
Story first published: Tuesday, August 23, 2011, 14:12 [IST]
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