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, “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...
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