Sundaram Mutual Fund has rolled out a close-ended capital protection oriented scheme, India Infoline reports. The Sundaram Capital Protection Oriented Fund 2 Years (Series 3), which offers dividend payout and growth option, is benchmarked against the CRISIL MIP Blended Index.
The fund will contribute 90-100% of assets to fixed-income securities, including money market instruments with low- to medium-risk profile. It will invest up to 10% of assets in equity and equity-related instruments. The products’ debt portion will be managed by Dwijendra Srivastava, while Srividhya Rajesh will handle the equity portion.
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