MUTUAL FUNDS
Sundaram MF introduces Arbitrage Fund
Jan-16-2020

Sundaram Mutual Fund (MF) has launched the Sundaram Arbitrage Fund, an open ended scheme investing in arbitrage opportunities. The NFO opens for subscription on January 16, 2020 and closes on January 30, 2020. Entry load is nil and Exit load will be 0.25%, for redemption within 15 days from the date of allotment; and Exit load will be nil, for redemption on or after 15 days from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against NIFTY 50 Arbitrage Index and its fund managers are S Bharath & Rohit Seksaria.

The invesmtent objective of the scheme is to generate income with minimal volatility by investing in equity, arbitrage strategies which fully offset the equity exposure and investments in debt instruments.

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