September 9, 2019, MUMBAI: Sundaram Mutual’s recent NFO – Sundaram Equity Fund which closed for subscription on August 30, 2019 has raised र358 crore from 30,932 investors. The fund is an open-ended equity scheme in the Multi Cap category and will deploy its corpus across Large, Mid and Small capitalization stocks. The Fund re-opens for fresh subscriptions on Sep 16, 2019.
Commenting on the success of Sundaram Equity Fund, Mr. Sunil Subramaniam, Managing Director, Sundaram Mutual said, “I wish to thank the more than 30,000 investors for reposing their faith in our fund house with a substantial corpus even in such volatile times for the Economy and the Markets. A significant portion of this success can be attributed to the strong multimedia marketing campaign across the Print, Television and the Digital channels. The product marketing video on You Tube was viewed by a record 28 million people. Thanks is also due to the sustained effort of more than 3600 distribution and advisory partners who have leveraged the product’s visibility to mobilize investments across 488 unique cities and towns from the remotest parts of the country. We will strive to live up to our tag line of delivering NURTURED GROWTH and the expectations of our investors to OPTIMISE THE RISK-REWARD RATIO WHILE SEEKING TO ACHIEVE CAPITAL APPRECATION.”
The fund will be managed by Mr. S. Krishnakumar, CIO - Equity, as well as equity fund manager, Mr. S. Bharath. The performance of the scheme will be benchmarked against S&P BSE 500 TRI Index.
Sundaram Asset Management Company, a significant player in the fund management space along with its subsidiaries has assets under management of about INR 34,357 crores as on August 31, 2019. The brand has a strong retail focus with over 1.1 million active investors, and 93 branches across the country.
Sundaram Asset Management Company has a bouquet of fourteen equity and eleven fixed-income funds catering to diverse investor preferences.
For more information on Sundaram Mutual Fund and its products, please visit www.sundarammutual.com.
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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