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NFO Watch: Sundaram MF seeks SEBI nod for close-ended equity fund

Sundaram Mutual Fund

Mumbai: Sundaram Mutual Fund has sought the Securities and Exchange Board of India's approval for Sundaram Turnaround Fund, - Series I-II, according to a draft offer document on the regulator's website.

The close-ended equity scheme will invest at least 65% of the corpus in equity and equity-related securities, up to 35% in fixed income and money market securities, and up to 10% in units issued by real estate and infrastructure investment trusts.

Other features:
* Plans: Regular and direct
* Options: Growth and dividend
* Minimum application: 5,000 rupees and in multiples of 10 rupees thereafter
* Performance benchmark: NIFTY 500 Index
* Exit Load: Nil
* Risk: Moderately high
* Fund managers: S. Krishnakumar, Madanagopal Ramu, Dwijendra Srivastava and Shiv Chanani

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