Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth scheme is offered by Sundaram Mutual Fund. It is a fully owned subsidiary of Sundaram Finance Limited, one of India’s oldest and trusted NBFCs. The company has over 20 years of fund management experience.
The Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth scheme offers more returns because investors can directly invest in the AMC. This circumvents the distributor commission fees. The growth option offers capital appreciation with long-term gains.
Investment Objective of Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth
The investment objective of the fund is to generate returns that correspond to the underlying Index, before fees and expenses, subject to 2% tracking error. This is done by investing in companies which are part of the Nifty 100 Equal Weighted Index, in the same proportion as in the index.
Key Features of Sundaram Smart Nifty 100 Equal Weight Fund
The Sundaram Smart Nifty 100 Equal Weight Fund is ideal for those looking for long-term capital appreciation. The key features of the fund are given below:
|
Type of fund |
An open-ended scheme that replicates the Nifty 100 Equal Weighted Index |
|
Plans available |
Regular Plan and Direct Plan |
|
Options under each plan |
Growth, Dividend Payout, and Dividend Reinvestment |
|
Risk |
Moderately High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth
|
Minimum application amount |
Rs.5000 and subsequently multiples of Re.1 |
|
Minimum additional investment |
Rs.500 and subsequently multiples of Re.1 |
|
Minimum installment for Systematic Investment Plan (SIP) |
Weekly - Every Wednesday: Rs.1000 Monthly - Rs.250 Quarterly - Rs.750 |
|
Minimum installment for Systematic Withdrawal Plan (SWP) |
Rs.1000 |
|
Entry Load |
Nil |
|
Exit Load |
Nil |
Minimum balance to be maintained in the fund is nil.
Asset Allocation for Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth
|
Instruments |
Allocations (Percentage of net assets) Minimum Maximum |
Risk Profile |
|
|
Equity and related instruments under the NIFTY 100 Equal Weighted Index |
95% |
100% |
High |
|
Debt, money market, and cash instruments |
0% |
5% |
Low to medium |
NAV Disclosure and Benchmark for Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth
NAV disclosure: The NAV is calculated by adding up the market value of the scheme’s deposits, investments, and other assets and subtracting from this all the liabilities except the reserves, unit capital, and profit and loss account. This amount is then divided by the outstanding number of units in the scheme to produce the NAV.
Liquidity: When the offer period is ongoing, liquidity is the NAV on any business day.
Benchmark Index: Nifty 100 Equal Weighted Index
Manager of Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth
The fund manager is S. Bharath, with a decade of experience in the financial industry. He is the Head - Investment Research and Fund Manager, at Sundaram Asset Management Co. Ltd.
Why you should Invest in Sundaram Smart Nifty 100 Equal Weight Fund - Direct Plan - Growth
This scheme has a lower expense ratio because it is a direct plan. The growth option results in even greater appreciation over the long term because of the power of compounding interest. This is because the notional profit and the principal are both invested.
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