Monday, 9 May 2011

Sundaram Equity Plus Mutual Fund from Sundaram Mutual Fund

Sundaram Mutual Fund Launched Sundaram Equity Plus Mutual Fund on 04th May, 2011 as an open ended Mutual fund. The New Fund Offer will be closed on 16th May, 2011. The mutual fund aims to invest in both equity and gold at the same time. The investment in equity scheme will get tax advantage as per the present income tax rules (May be changed in Direct Tax Code which will come into force from the next financial year- 2012-13). The proportion of investment in equity is around 65% and in gold ETF is around 15% and around 20% in fixed income and money market instruments.

Investment in Gold gives you a good cushion in inflation and equity investment allows you to take part investment in stock exchange. While investing in equity and gold the mutual fund gives a good chance of diversification in investment which helps you both capital appreciation and tax benefits.

The schemed aims to invest in large cap stocks with the equity portion of investment and it may be diversified in around a maximum of 30 stocks

Minimum required investment is Rs. 5000 and no exit load for the redemption after one year of allotment or purchase and 1% exit load before one year redemption. The Systematic Investment Plan is also there with a minimum monthly investment of Rs. 250 or a quarterly investment of Rs. 750.

The investor can opt for Growth option, Dividend option or Dividend Reinvestment option.

The single mutual fund gives you a chance to invest in equity and gold and may help you to grow your investment. If  you wish to invest in this mutual fund please read more about the mutual fund form their website and also check the expenses and other details.

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