Mutual Fund News : Sundaram Mutual Fund files offer document for Balanced Advantage Fund

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Sundaram Mutual Fund has filed offer document with SEBI to launch an open ended dynamic asset allocation fund named ‘Sundaram Balanced Advantage Fund’.

The investment objective of the scheme is to provide accrual income and capital appreciation by investing in a mix of equity, debt, REITs/InvITs and equity derivatives that are managed dynamically.

The performance of the scheme will be benchmarked against CRISIL Hybrid 50%+50% Moderate Index.

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

The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.