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Indian-Commodity  :  Mutual Funds  :  Sundaram Mutual Fund files offer document for Long Term Tax Advantage Fund Series III-IV

Sundaram Mutual Fund files offer document for Long Term Tax Advantage Fund Series III-IV (28-Nov-2017)

Sundaram Mutual Fund has filed offer document with SEBI to launch a close-ended Index exchange traded fund scheme named as 'Sundaram Long Term Tax Advantage Fund Series III-IV'. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be Nil for the scheme. The scheme offers growth, dividend payout & dividend sweep options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The scheme's performance will be benchmarked against S&P BSE 500 Index. The minimum application amount for both Regular and Direct Plan Rs 500 and in multiples of Rs. 500  thereafter per application.

The primary investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit.


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