Mutual Fund News : Sundaram MF Mutual Fund launches Sundaram Arbitrage Fund

Publish Date:

Sundaram Mutual Fund (MF) has launched the Sundaram Arbitrage Fund. It is an open ended scheme investing in arbitrage opportunities.

The invesmtent objective of the scheme is to generate income with minimal volatility by investing in equity, arbitrage strategies which fully offset the equity exposure and investments in debt instruments.

The performance of the fund will be benchmarked against NIFTY 50 Arbitrage Index.

The fund will be managed by Mr. S Bharath and Mr Rohit Seksaria.

The NFO opens for subscription on January 16, 2020 and closes on January 30, 2020.

The New Fund Offer price is Rs 10 per unit and the minimum application amount is Rs 100 and in multiples of Re 1 thereafter.