MUTUAL FUNDS
Sundaram MF introduces Balanced Advantage Fund
Feb-14-2020

Sundaram Mutual Fund (MF) has launched the Sundaram Balanced Advantage Fund, an open ended dynamic asset allocation fund. The NFO opens for subscription on February 14, 2020 and closes on February 28, 2020. Entry load is nil and Exit load, 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 will be nil for up to 10% of such units and Exit load for more than 10% of such units will be 1% of applicable Net asset Value (NaV). The Exit load will be nil, if units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year 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 its performance to CRISIL Hybrid 50%+50% Moderate Index and its fund managers are S Bharath & S Krishnakumar and Dwijendra Srivastava.

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.


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