Sundaram Fixed Term Plan - IS floats on
14/03/2019 16:30

Sundaram Mutual Fund has launched a new Closed Ended Growth scheme named "Sundaram Fixed Term Plan - IS" with maturity period of 1124 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Mar 15 to Mar 19, 2019.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.

The fund manager of the scheme will be Sandeep Agarwal, while the performance of the scheme will be benchmarked against CRISIL Medium Term Debt Index.

The objective of the Scheme would be to generate income by investing in debt and money market securities, which mature on or before the maturity of the scheme.