Sundaram Mutual Fund has rolled out a new close ended capital protection oriented scheme, Money Control reports. The Sundaram Capital Protection Oriented Fund 2 Years (Series 1) will seek income and minimize risk of capital loss by investing in a portfolio of fixed income securities.
The scheme, which offers growth and dividend payout options, is open for subscription from June 10, 2011 and will close on June 24, 2011. The scheme will track the CRISIL MIP Blended Index and be managed by Dwijendra Srivastava and Srividhya Rajesh.
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