Sundaram Smart NIFTY 100 Equal Weight Fund Direct Growth is a Others Mutual Fund Scheme launched by Sundaram Mutual Fund. This scheme was introduced to investors on 12 Jan 2017. Madanagopal Ramu is the Current Fund Manager of Sundaram Smart NIFTY 100 Equal Weight Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹21 Cr and the Latest NAV as of 20 Sep 2019 is ₹11.52.
The Sundaram Smart NIFTY 100 Equal Weight Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 100. Nil.
Investment Objective
To invest in companies which are constituents of NIFTY 100 Equal Weighted Index (underlying Index) in the same proportion as in the index and endeavour to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to 2% tracking error.however, there is no assurance that the objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹100
Min for First Investment
₹500
Min for Second Investment