Mutual Fund News : Sundaram Mutual Fund launches Sundaram Balanced Advantage Fund

Publish Date:

Sundaram Mutual Fund has launched Sundaram Balanced Advantage Fund. It is an open ended dynamic asset allocation 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. There is no guarantee or assurance that the investment objective of the scheme will be achieved. Investors are neither being offered any guaranteed / indicated returns nor any guarantee on repayment of capital by the schemes. There is also no guarantee of capital or return either by the mutual Fund or by the sponsor or by the asset management company.

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

The fund will be managed by Mr S Bharath, Mr S Krishnakumar and Mr Dwijendra Srivastava.

The NFO opens for subscription on February 14, 2020 and closes on February 28, 2020.

The New Fund Offer is priced at 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 Regular Plan and Direct Plan having Growth Option, Dividend Payout, Dividend Re-Investment & Dividend Sweep Option.