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Sundaram Money Market Fund Floats On
(12:46, 12 Sep 2018)
Sundaram Mutual Fund has launched a new fund named as Sundaram Money Market Fund, an open ended debt scheme investing in Money Market instruments having maturity up to one year. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 12 September to 26 September 2018.

The investment objective of the scheme is to generate income by investing in a portfolio comprising of Money Market instruments having maturity up to one year.

The scheme offers options: growth, dividend payout (Monthly & Quarterly) and dividend sweep and dividend reinvestment (daily, weekly, fortnightly, monthly & quarterly).

The scheme would allocate 100% of assets in money market instruments as defined by RBI/SEBI from time to time and cash with low to medium risk profile.

The minimum application amount is Rs 1000 and in multiples of Re. 1/- thereafter.

The minimum additional amount is Rs 1000 and in multiples of Re. 1/- thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry load: Not applicable.

Exit load: Not applicable

Benchmark Index for the scheme is CRISIL Money Market Index.

The fund managers of the scheme are Siddharth Chaudhary and Sandeep Agarwal.

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