Share:

Sundaram Mutual Fund has launched a new fund offer (NFO) for a bluechip equity fund. Sundaram Bluechip Fund opens on September 17, and the NFO closes on September 30. The scheme will open for subscription and redemption on October 14.

Investment Strategy

Sundaram Bluechip Fund will be an open-ended equity scheme that will mostly invest in large-cap stocks. The NFO is available at Rs 10 per unit.

Have a look at the table below for the indicative asset allocation of the fund:

Tried investing in direct mutual funds?

  • Enjoy 0% commission
  • SIP starting at ₹500
InstrumentsIndicative Allocation (% of net assets)Risk Profile
MinimumMaximumHigh/Medium/Low
Equity & Equity Related Instruments of Large-cap stocks80100High
Other equity020High
Investment in overseas securities / ADR’s / GDR’s 020High
Fixed Income and money market Instruments 

Cash & Cash equivalents

020Low to Medium
Units issued by REITs and InvITs010Medium to High

What are large-cap stocks?

Large-cap stocks are stocks of those companies whose market capitalisation is generally more than Rs 20,000 crores.

In terms of listed companies, the Securities and Exchanges Board of India (SEBI) has defined them as the 

  • 1st to 100th listed company in terms of market capitalisation

Benchmark

The fund is benchmarked to the Nifty 100 TRI Index. 

Nifty 100 is a stock market index that represents the top 100 companies from Nifty 500. This is based on the full market capitalisation of the companies. It attempts to cover all major sectors of the economy. Since it covers the top 100 companies, the index mostly covers the large-cap companies of the market.

TRI or total return index of any stock market index records the price movements and dividend payouts of the stocks listed in the index. All mutual funds are mandated by the SEBI to use TRI as a benchmark.

Fund Details

Sundaram Bluechip Fund will have a regular and direct plan. Under both plans, the fund will provide growth and dividend (payout, re-investment and sweep) options. In case the investor does not indicate any option, growth will be chosen as the default option.

Find the other details here:

Name of the FundSundaram Bluechip Fund 
Type of SchemeAn open-ended equity fund which invests in large-cap stocks
BenchmarkNifty 100 TRI
NFO DatesOpens on September 17, 2020, and closes on September 30, 2020
Fund ManagerRahul Baijal & S Krishnakumar: Equity

Dwijendra Srivastava: Fixed Income

Rohit Seksaria: Investments in overseas securities

Minimum Application Amount/Minimum Purchase AmountRs. 100 and in multiples of Re. 1 after that
Minimum Additional InvestmentRs 100 and in multiples of Re 1 after that
Minimum Redemption AmountRs. 100 or 1 unit or account balance

STP (Weekly-processed on Wednesday’s/next Business Day if Wednesday is not a Business Day): Rs 1,000

STP Monthly: Rs 100

STP Quarterly: Rs 750 and any amount after that

Entry LoadNil
Exit Load1%: If more units are redeemed/switched on or before 12 months from the date of allotment of Unit

NIL: If Units are redeemed/switched after 12 months from the date of allotment of units: Nil 

PlansRegular Plan and Direct Plan
OptionsGrowth and Dividend Option, Dividend Reinvestment Option

SIP/SWP/STP Details

SIP

TypeMinimum Amount
Weekly SIPRs. 1,000 and in multiples of Re. 1 after that per instalment
QuarterlyRs. 750 and in multiples of Re. 1 after that per instalment
MonthlyRs. 100 and in multiples of Re. 1after that per instalment

 

SWP

TypeMinimum Amount
Weekly SIPRs. 1,000 
Quarterly
Monthly

 

STP

TypeMinimum Amount
Weekly Rs. 1,000
QuarterlyRs. 750 
MonthlyRs. 100 
STP is available on 1st, 7th, 14th, 20th and 25th of every month/quarter

Fund Manager Details

Rahul Baijal: Senior Fund Manager – Equity 

He has a PGDM(MBA) from IIM Calcutta and is an engineering graduate of Delhi College of Engineering, Delhi. Rahul joined Sundaram Mutual in July 2016 as Fund Manager – Equity. Rahul has a rich experience spanning over 19 years in Equity Research and Fund Management. His prior experience includes working with Bharti AXA Life Insurance, TVF Capital, HSBC Securities, Credit Suisse Securities & Standard Chartered Bank.

He is managing the following funds at Sundaram MF:

Krishnakumar S: Chief Investment Officer – Equity

Krishnakumar joined Sundaram Asset Management Company in 2003 as Head of Research. During his tenure he has handled various roles within Fund Management and was elevated to the post of Chief Investment Officer – Equities in April 2015. Krishnakumar is an Engineering graduate from Regional Engineering College, Trichy and holds a Post Graduate Diploma in Business Administration with specialization in Portfolio Management from Loyola Institute of Business Administration, Chennai.

He is also managing the following funds:

Happy Investing!

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

Share: