Sundaram Mutual Fund is planning to launch a new closed-end capital protection oriented scheme, India Infoline reports. The Sundaram Capital Protection Oriented Fund 3 Years (Series 5) will track the Crisil MIP Blended Index. The scheme will invest 80-100% in fixed-income securities, including money market instruments. The scheme will invest up to 20% in equity and equity related instruments, while the derivatives exposure will be limited to 50% of the net asset value. Dwijendra Srivastava will manage the debt portion of the portfolio, while Srividhya Rajesh will manage the equity portion.
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