Sundaram Mutual Fund has filed offer document with SEBI to launch a close-ended equity scheme as “Sundaram Select Micro Cap Series XIV - XV”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil for the scheme. The scheme offers Growth and Dividend Payout option and seeks to collect a Minimum Target Amount of Rs 10 crore.
The scheme will be benchmarked against S&P BSE Small Cap Index. The minimum application amount is Rs 5,000 and in multiples of Re 10 thereafter.
The investment objective of the Scheme is to seek capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as micro-caps.