Sundaram Capital Protection Oriented Fund Series 2
The Sundaram Mutual (Previously Sundaram BNP Paribas Mutual Funds) has introduced another closed-end scheme by name of Sundaram Capital Protection Oriented Fund (Series 2) for 3 years. As the name suggests this is a complete capital protection oriented scheme with a lock-in period of 3 years. This fund is rated as AAA (so) by CRISIL and hence assuring high safety of your capital invested in this fund.
Scheme Objective: Of the Sundaram Capital Protection Oriented Fund (Series 2) is to seek income by way of investing primarily in a portfolio which consists of fixed income securities. Although it may also invest some part in the equity and equity related instruments to seek maximum capital appreciation. Although the name suggests otherwise Sundaram Mutual does not guarantee repayment of capital or returns and hence invest at your discretion.
Benchmark: Crisil MIP Blended Index
NFO Period: November 22 to November 30, 2010.
NFO Price: Rs. 10.
Minimum Investment: Rs. 5000 and in multiples of Rs. 1 thereafter.
Entry and Exit Load: Nil and not applicable.
Plans and Options: The Sundaram Capital Protection Oriented Fund offers Growth Option only and no dividend option is available.
Asset Allocation: Fixed income securities 80% to 100% and equity and related instruments 0 to 20%.
Unlike your fixed deposit and/or equities, this Capital Protection Oriented Fund from Sundaram Mutual Offers both at the same time while trying to protect your investment capital by investing primarily (up to 80%) in fixed income securities like the AAA rated and government securities and instruments.
Capital gain by way of investing up to 20% in equities and that too investing primarily only in stocks that forms part of the S &P CNX500 Index.
This is an ideal option for those who have booked profit in the recent bull run of the market and wants to preserve their returns in a fixed income category and also for those who are new to equities and wants to take a conservative stand.
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Hello Mr. Shiva,
Is it possible to apply for this fund online?
regards,
Anbu