Mutual Fund News : Sundaram Mutual Fund files offer document for Sundaram Bluechip Fund

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Sundaram Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Sundaram Bluechip Fund'.

The investment objective of the scheme is to generate capital appreciation by investing in large cap stocks.

The performance of the scheme will be benchmarked against NIFTY 100 TRI.

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.