Sundaram Mutual Fund has launched the Sundaram Select Micro Cap Series XVII, a close ended growth scheme. The NFO opens for subscription on September 25, 2017 and closes on October 09, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme's performance will be benchmarked against S&P BSE Small Cap Index and its fund managers are S Krishnakumar and Dwijendra Srivastava.
The investment objective of the scheme is to seek capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as micro-caps. A company whose market capitalisation is equal to or lower than that of the 301st stock by market cap on the NSE at the time of investment will be considered to be in microcap category.