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.
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:
|Instruments||Indicative Allocation (% of net assets)||Risk Profile|
|Equity & Equity Related Instruments of Large-cap stocks||80||100||High|
|Investment in overseas securities / ADR’s / GDR’s||0||20||High|
|Fixed Income and money market Instruments
Cash & Cash equivalents
|0||20||Low to Medium|
|Units issued by REITs and InvITs||0||10||Medium 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
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.
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 Fund||Sundaram Bluechip Fund|
|Type of Scheme||An open-ended equity fund which invests in large-cap stocks|
|Benchmark||Nifty 100 TRI|
|NFO Dates||Opens on September 17, 2020, and closes on September 30, 2020|
|Fund Manager||Rahul Baijal & S Krishnakumar: Equity
Dwijendra Srivastava: Fixed Income
Rohit Seksaria: Investments in overseas securities
|Minimum Application Amount/Minimum Purchase Amount||Rs. 100 and in multiples of Re. 1 after that|
|Minimum Additional Investment||Rs 100 and in multiples of Re 1 after that|
|Minimum Redemption Amount||Rs. 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
|Exit Load||1%: 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
|Plans||Regular Plan and Direct Plan|
|Options||Growth and Dividend Option, Dividend Reinvestment Option|
|Weekly SIP||Rs. 1,000 and in multiples of Re. 1 after that per instalment|
|Quarterly||Rs. 750 and in multiples of Re. 1 after that per instalment|
|Monthly||Rs. 100 and in multiples of Re. 1after that per instalment|
|Weekly SIP||Rs. 1,000|
|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:
- Sundaram Select Focus
- Sundaram Equity Hybrid (Equity Portion)
- Sundaram Services Fund (Co-Fund Manager)
- Sundaram Financial Services Opportunities Fund (Co-Fund Manager)
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:
- Sundaram Mid Cap Fund
- Sundaram Large and Midcap Fund
- Sundaram Small Cap Fund (Co-Fund Manager)
- Sundaram Services Fund (Co-Fund Manager)
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