Breaking News

You are here » Indian-Commodity  :  Mutual Funds  :  Sundaram Mutual Fund files offer document for Long Term Tax Advantage Fund Series V - VI

17-Apr2018

Sundaram Mutual Fund files offer document for Long Term Tax Advantage Fund Series V - VI

Sundaram Mutual Fund has filed offer document with SEBI to launch a close ended equity linked saving scheme named as 'Sundaram Long Term Tax Advantage Fund Series V - VI'. 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 and dividend sweep options and seeks to collect a Minimum Target Amount of Rs 10 crore.

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

The investment objective of the 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.


Related News

View all news

Reliance Mutual Fund introduces Fixed Horizon Fund-XXXX-Series 5

Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund-XXXX-Series 5, a close ended income scheme. The NFO opens for subscription on December 11, 2018 and closes on December 13, 2018. No entry......

Franklin Templeton Mutual Fund introduces Fixed Maturity Plans-Series 5-Plan B (1244 days)

Franklin Templeton Mutual Fund has launched the Franklin India Fixed Maturity Plans-Series 5-Plan B (1244 days), a close ended debt scheme. The NFO opens for subscription on November 19, 2018 and closes......

Aditya Birla Sun Life Mutual Fund introduces Fixed Term Plan-Series QQ (1100 days)

Aditya Birla Sun Life Mutual Fund has launched the Aditya Birla Sun Life Fixed Term Plan-Series QQ (1100 days), a close ended income scheme. The NFO opens for subscription on August 20, 2018 and closes......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......