Recently, Sundaram Mutual Fund launched Equity Plus scheme, an open-ended scheme. The scheme was open for only May 16, 2011. It is closed now. It was open from May 4, 2011.
An online news portal about business and economy - economictimes.indiatimes.com, writes about the Sundaram Mutual Fund Equity Plus scheme,
So, Sundaram Equity Plus is aimed to invest more than 80% equity to give all the tax advantages of a designated equity fund.
The portal quotes a statement of Sundaram Mutual Fund's Director-Sales & Marketing, Sunil Subramaniam also,
It provides diversification and exposure to the relative attractiveness of gold in certain phases as per the stamen of Sunil Subramaniam who is the Sundaram Mutual Fund's Director-Sales & Marketing.
It quotes the statement of Sundaram Equity Plus Fund Manager, Srividhya Rajesh also,
The news portal writes about the Sundaram Mutual Fund,
We already have experienced Samridhi Plus of LIC. Now, tell your experience with Equity Plus Scheme of Sundaram Mutual Fund.
An online news portal about business and economy - economictimes.indiatimes.com, writes about the Sundaram Mutual Fund Equity Plus scheme,
“Sundaram Equity Plus aims to invest between 65-85 per cent in equity to give all the tax advantages of a designated equity fund and a maximum of 35 per cent in gold ETF.”
So, Sundaram Equity Plus is aimed to invest more than 80% equity to give all the tax advantages of a designated equity fund.
The portal quotes a statement of Sundaram Mutual Fund's Director-Sales & Marketing, Sunil Subramaniam also,
“The scheme will primarily focus on opportunities in Indian equities with the addition of gold-ETF to provide diversification and exposure to the relative attractiveness of gold in certain phases. The investors will get benefit from equity and gold ETF- two asset classes in terms of capital appreciation and avail tax benefits.”
It provides diversification and exposure to the relative attractiveness of gold in certain phases as per the stamen of Sunil Subramaniam who is the Sundaram Mutual Fund's Director-Sales & Marketing.
It quotes the statement of Sundaram Equity Plus Fund Manager, Srividhya Rajesh also,
“The performance of the scheme will be benchmarked to 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 objective of this scheme would be to seek capital appreciation by investing in equity and equity-related instruments listed in India to the extent of at least 65 per cent and in gold-ETF up to 35 per cent.”
The news portal writes about the Sundaram Mutual Fund,
“Sundaram Mutual Fund, a major player in the fund management has an average asset under management (AUM) of about Rs 14,556 crore as on April 2011.”
We already have experienced Samridhi Plus of LIC. Now, tell your experience with Equity Plus Scheme of Sundaram Mutual Fund.