Sundaram Mutual launches Sundaram Equity Savings Fund

Sundaram Mutual launched its new scheme, Sundaram Equity Savings Fund, an open-ended scheme that aims to invest in equity, arbitrage and debt.

Sundaram Equity Savings NFO will open for subscription on November 16, and close on November 30. The scheme will re-open for subscription from December 14.

Sundaram Equity Savings Fund would follow a three-pronged investment strategy by choosing to invest in equity for capital appreciation, taking hedging or arbitrage investment calls, primarily cash futures arbitrage on individual stocks, to enhance income and also by investing in high credit quality fixed income instruments for consistent income generation.


The scheme will be managed by Krishna Kumar, CIO-Equity, S.Bharath, Fund Manager–Equity and Dwijendra Srivastava, CIO- Fixed Income.

The performance of the scheme will be benchmarked against Nifty Equity Savings Index.

“This is an offering which moderates the riskiness of pure equity with the safety of arbitrage and fixed income thus offering a wholesome blend of risk and reward while maintaining equity taxation," says Sunil Subramaniam,
Managing Director, Sundaram Mutual.

Sundaram AMC manages assets worth Rs 33,819 crore as on October 31, 2018.