Sundaram Mutual Fund has unveiled a new open-end scheme, Economic Times reports. The Sundaram Equity Plus will seek to invest between 65-85% in equity and a maximum of 35% in gold ETF. The scheme will be benchmarked against the S&P CNX Nifty Index for the equity and equity related instruments and to the price of gold for the investments in gold-ETF. The fund will be managed by Srividhya Rajesh.
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