Sundaram Mutual Fund files offer document for Balanced Advantage Fund

Sundaram Mutual Fund has filed offer document with SEBI to launch an open ended dynamic asset allocation fund named ‘Sundaram Balanced Advantage Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 1 Year from the date of allotment: for up to 10% of such units - exit load: will be Nil; for more than 10% of such units exit load: will be 1% of applicable Net asset Value (NAV). The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against CRISIL Hybrid 50%+50% Moderate Index. The minimum application amount for initial purchase is Rs 100 and in multiples of Re 1 thereafter.

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.