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

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......

Franklin Templeton Mutual Fund introduces Fixed Maturity Plans-Series 4-Plan C (1098 days)

Franklin Templeton Mutual Fund has launched the Franklin India Fixed Maturity Plans-Series 4-Plan C (1098 days), a close ended income scheme. The NFO opens for subscription on August 20, 2018 and closes......

Reliance Mutual Fund introduces Fixed Horizon Fund XXXVIII-Series 14

Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund XXXVIII-Series 14, a close ended income scheme. The NFO opens for subscription on August 20, 2018 and closes on August 23, 2018. No entry......

Top News

View all news

Aurobindo Pharma, TVS Motor and Lupin to see some action today

Aurobindo Pharma's wholly owned subsidiary -- Aurobindo Pharma USA Inc., has entered into an agreement to acquire a product under development and related assets from 'Advent Pharmaceuticals Pty, Australia,......

TVS Motor launches TVS Apache RTR 160 4V in Bangladesh

TVS Motor Company has launched the TVS Apache RTR 160 4V in Bangladesh. A testimony to the racing legacy of the TVS Apache RTR series, the TVS Apache RTR 160 4V will be the flagship offering of the brand......

Aurobindo Pharma's arm enters into agreement with Advent Pharma

Aurobindo Pharma's wholly owned subsidiary -- Aurobindo Pharma USA Inc. -- has entered into an agreement to acquire a product under development and related assets from Advent Pharmaceuticals Pty, Australia,......