Sundaram Mutual Fund has launched the Sundaram Long Term Micro Cap Tax Advantage Series V, a close ended ELS scheme. The NFO opens for subscription on March 29, 2017 and closes on June 29, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 500.
The scheme’s performance will be benchmarked against Nifty Small Cap 100 and its fund managers are S Krishnakumar & Dwijendra Srivastava.
The investment objective of the scheme is to generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments of companies that can be termed as micro-cap. The investment will be eligible for Income tax benefit.