Mutual Fund News : Sundaram Mutual Fund Launches Sundaram Flexicap Fund

Publish Date:

Sundaram Mutual Fund has introduced a new scheme – Sundaram Flexicap Fund

It is an open-ended dynamic equity scheme investing across large-cap, mid-cap and small-cap stocks.

Accordingly, the investment objective of the scheme is to generate capital appreciation by dynamically investing in a mix of equity and equity related instruments across market capitalization (i.e., large, mid and small cap stocks).

However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Under normal circumstances, Sundaram Flexicap Fund will hold an allocation of 65% to 100% of its assets in Equity & equity related instruments of large cap, mid cap and small cap companies, 0% to 35% in Debt & Money Market Instruments, 0% to 10% in Units issued by REITs/InVITs and 0% to 30% of its assets in Overseas Securities (including ETFs).

As per the Scheme Information Document, the scheme would aim to participate in the all-round growth in various sectors of the economy. For this fund manager will identify suitable sectors and stocks that will benefit from the overall growth in the Indian economy. The fund may follow a bottom-up approach towards investing / identifying individual stocks and a top-down approach towards investing / identifying sectors so that the resultant portfolio is well diversified.

The Scheme would invest in companies based on various quantitative and qualitative criteria like sound financials, professional management, track record, industry scenario, industry and company growth prospects etc., The Fund may also invest in overseas equities and ADR’s / GDR’s depending on the Investment Manager’s view / analysis.

Sundaram Flexicap Fund’s performance will be benchmarked against Nifty 500 TRI.

The scheme will be managed by Mr. Sudhir Kedia & Mr. Ravi Gopalakrishnan (Equity), Mr. Dwijendra Srivastava (Fixed Income) and Mr. Rohit Seksaria, for investments in overseas securities.

The NFO opens for subscription on August 16, 2022 and closes on August 30, 2022. The scheme will reopen for continuous sale and repurchase on September 12, 2022.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 100 and in multiples of Re.1 thereafter.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal option.