Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth is an open-ended scheme that duplicates Nifty 100 Equal Weighted Index. This Smart Beta fund is offered by Sundaram Mutual Fund. Those who are looking for an alternative to traditional index-based funds can choose the Sundaram Smart Nifty 100 Equal Weight fund as it has the potential to outperform traditional index-based funds and also has comparatively lower risk. This fund is best-suited for institutions like PF Trusts.
Sundaram Asset Management Company is the asset management company (AMC) of Sundaram Mutual Fund. The AMC boasts a vast experience in fund management to the tune of more than 20 years. It is wholly-owned by Sundaram Finance Limited which is considered to be amongst India's most respected and oldest non-banking financial companies (NBFCs). Sundaram Asset Management offers a wide range of funds in liquid, fixed-income, and equity in order to cater to the varying preferences of the investors. The AMC was a pioneer in launching a series of funds in themes like Micro-cap, Mid-cap, Leadership, Capex, and Rural India. The company's research team helps the fund management team identify winners in the small and mid-cap segments. High net worth individuals can partake of Sundaram Asset Management's Portfolio Management Services (PMS).
Investment Objective of Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth
The investment objective of the scheme is to invest in companies that are a part of the Nifty 100 Equal Weighted Index in order to generate returns that are in relation to the performance of the index. The investment will be in the same proportion as the underlying index. The returns corresponding to the performance of the underlying index is subject to 2% tracking error. The scheme doesn't offer any guarantee or assurance of the success of the above-mentioned investment objective.
Key Features of Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth
This mutual fund scheme is best suited for those individuals who are looking for capital appreciation in the long run. Here are some main features of the scheme:
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Type of fund |
It is an open-ended scheme duplicating Nifty 100 Equal Weighted index. |
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Plans available |
The types of plans available under this scheme are Regular and Direct plans. |
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Options under each plan |
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Risk |
Moderately High |
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Systematic Investment Plan |
Available |
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Systematic Transfer Plan |
Available |
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Systematic Withdrawal Plan |
Available |
Investment Amount for Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth
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Minimum application amount |
Rs.5,000 and thereafter in multiples of Re.1 |
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Minimum additional investment |
Rs.500 and thereafter in multiples of Re.1 |
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Minimum installment for Systematic Investment Plan (SIP) |
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Minimum installment for Systematic Transfer Plan (STP) |
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Minimum installment for Systematic Withdrawal Plan (SWP) |
Rs.1,000 |
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Entry Load |
NA |
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Exit Load |
Nil |
Asset Allocation for Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth
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Instruments |
Indicative allocation of assets (%) |
Risk Profile |
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Minimum |
Maximum |
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Equity and equity-related instruments covered by Nifty 100 Equal Weighted Index |
95% |
100% |
High |
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Debt and money market instruments and cash including CBLO or Reverse Repos |
0% |
5% |
Low to Medium |
NAV Disclosure and Benchmark for Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth
- NAV Disclosure: The investment manager will update the net asset value (NAV) of the scheme before 9:00 p.m. every business day on its official website (www.sundarammtual.com) and the website (www.amfiindia.com) of the Association of Mutual Funds in India (AMFI). The formula for NAV calculation is given below:
NAV per unit in Rupees = (Market/Fair Value of Scheme’s Investments + Current Assets including Accrued Income - Current Liabilities and Provisions)/Number of units outstanding under the scheme divided by the option on the day of valuation
- Liquidity: During the ongoing offer period, the purchase, switch-in, and switch-out of the units of this scheme can be done on any business day at NAV-based prices. Within 10 business days from the date of the unitholder making the redemption request, the redemption proceeds will be dispatched by the AMC.
- Benchmark Index: Nifty 100 Equal Weighted Index
Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth Fund Manager
S. Bharath is the fund manager of the Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth scheme. He has more than 10 years of work experience. He also manages other schemes such as the Sundaram Long Term Tax Advantage Fund Series I - III and Sundaram Value Fund Series.
Why you should Invest in Sundaram Smart Nifty 100 Equal Weight Fund - Regular Plan - Growth?
Potential investors who are looking for capital appreciation in the long term can choose this scheme. Smart Nifty 100 Equal Weight Fund promises returns that correspond to the performance of Nifty 100 Equal Weighted Index. Consult experienced fund managers to find out if a mutual fund scheme is suitable for you.
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