Sundaram Mutual Fund launches Sundaram Ultra Short Term Fund

Jun 14, 2019 by News Team

NFO period: 14th June – 20th June, 2019

Highlights of the NFO:

  • Scheme type – An open ended ultra-short term debt scheme investing in instruments with Macaulay Duration of the portfolio between 3 months to 6 months (Please refer to the page no. 24 for details on Macaulay’s Duration)

  • Investment objective – The investment objective is to generate regular income by investing predominantly in debt and money market instruments. No Guarantee: 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.

  • Product suitability – The product is suitable for investors who are seeking regular income for short term by investing in Debt and Money Market instruments for short term period.

  • Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option, Dividend Option.

  • Fund Manager – Mr. Siddharth Chaudhary and Mr. Sandeep Agarwal

  • Benchmark – CRISIL Ultra Short Term Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)