Sundaram Mutual Fund has rolled out a new close-ended income scheme, MoneyGuru India reports. The Sundaram Fixed Term Plan – BC will seeks to generate income with minimum volatility by investing in debt and money market securities. The subscription of the issue, which gives dividend payout and growth option, will be opened on June 7 and close on June 10. The performance of the scheme will be benchmarked against the Crisil Short-Term Bond Fund Index and it will be managed by Dwijendra Srivastava.
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