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:

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  • SIP starting at ₹500
Instruments Indicative Allocation (% of net assets) Risk Profile
Minimum Maximum High/Medium/Low
Equity & Equity Related Instruments of Large-cap stocks 80 100 High
Other equity 0 20 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.

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 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

Entry Load Nil
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



Type Minimum Amount
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



Type Minimum Amount
Weekly SIP Rs. 1,000 



Type Minimum Amount
Weekly  Rs. 1,000
Quarterly Rs. 750 
Monthly Rs. 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.