Sundaram Mutual Fund is offered by Sundaram Finance Limited, one of the most trusted and oldest NBFCs in India. The Sundaram Mutual Fund is a joint venture between Sundaram Finance Limited and Stewart Newton Holdings (Mauritius) Limited. The asset management company (AMC) to the mutual fund is Sundaram Asset Management Company Limited. Sundaram Trustee Company Limited is the trustee to the mutual fund.
The Sundaram Smart NIFTY 100 Equal Weight Fund is an open-ended scheme that replicates the NIFTY 100 Equal Weighted Index.
Investment Objectives of the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend
The main objective of investment of the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend scheme is to facilitate the generation of returns through investments made in companies which are components of NIFTY 100 Equal Weighted Index. However, the realisation of the investment objectives is not assured.
Key Features of the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend
The key features of the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend scheme are as follows:
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Type of fund |
An open-ended scheme that replicates NIFTY 100 Equal Weighted Index |
|
Plans available |
|
|
Options under each plan |
|
|
Risk |
Moderately High |
|
Systematic Investment Plan (SIP) |
Available |
|
Systematic Transfer Plan (STP) |
Available |
|
Systematic Withdrawal Plan (SWP) |
Available |
Investment Amount for the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend
|
Minimum application amount |
Rs.5,000 and in multiples of Re.1 subsequently |
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Minimum additional investment |
Rs.500 and in multiples of Re.1 subsequently |
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Minimum instalment for Systematic Investment Plan (SIP) |
|
|
Minimum instalment for Systematic Withdrawal Plan (SWP) |
Rs.1,000 |
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Minimum instalment for Systematic Transfer Plan (STP) |
|
|
Entry Load |
N/A |
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Exit Load |
Nil |
Asset Allocation and Benchmark for the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend
|
Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
High/Medium/Low |
|
|
Equity and other securities related to equity that are covered by NIFTY 100 Equal Weighted Index |
95% |
100% |
High |
|
Instruments of debt, instruments related to cash and money market |
0% |
5% |
Low to Medium |
NAV Disclosure and Benchmark for the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend
The Net Asset Value or NAV of each unit under the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend scheme is calculated by using the following formula:
Net Asset Value (NAV) = (Fair value or market value of the investments of the scheme + Current assets + Deposits - Liabilities except unit capital, Profit and Loss Account, and reserves) / Total number of outstanding units under the scheme on the day of valuation. The valuation is done on the basis of the valuation norms prescribed by the SEBI (MF) Regulations. The NAV is calculated up to 4 decimal places. The NAV has to be calculated and published by the end of every business day.
The benchmark of the Sundaram Smart NIFTY 100 Equal Weight Fund - Regular Plan - Dividend scheme is NIFTY 100 Equal Weighted Index.
Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Dividend Fund Manager
The Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Dividend scheme is managed by Mr. S Bharath. He has a Bachelor’s degree in Commerce along with an MBA degree and a FRM degree. He has been managing the fund since April 2018.
Why should you invest in Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Dividend?
Being one of the oldest organisations in India, Sundaram Finance Limited has a well-built reputation and a huge base of customers. They provide sufficient support for their customers. If the investment criteria of an investor match the features offered by the fund, then the fund is one of the best options in the market.
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