This entry is part 1 of 3 in the series Sundaram New Fund Offer

Sundaram Mutual Fund launched new fund offer Sundaram Select Micro Cap Fund-Series VII, 42 month closed ended scheme. The NFO Opens for subscription on 8 Oct. 2014 & closes on 22 Oct. 2014.  No entry load will be applicable for the scheme.

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Scheme Details

Key Scheme Feature 
Scheme NameSundaram Select Micro Cap Fund-Series VII
Fund HouseSundaram Mutual Fund
TypeClosed Ended - 42 Month
CategorySmall Cap (Micro)
BenchmarkS&P BSE Small Cap Index
Option Growth / Dividend
Fund ManagerS. Krishna Kumar (Equity ) & Dwijendra Srivastava (Fixed Income)
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Scheme NameSundaram Micro Cap Fund -Series VII
NFO Open8 Oct 2014
NFO Close22 Oct 2014
Scheme Type42 Month close ended scheme
PlanRegular
Minimum Application AmountRs 5000
Load StructureFor Purchase during NFO : Entry & Exit - NIL

Cheque Details        : “Sundaram  Select Micro Cap Fund-Series VII”

Who can Invest

This product is suitable for investors:

  • Seeking long term capital appreciation
  • With risk appetite of investing in Equities
  • Investors willing to take exposure in equity and equity related securities

Objective

Investment Objective for Select Micro Cap Series VII

  • To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities , including equity derivatives, in the Indian market with focus on micro cap companies.
  • The company whose market capitalization is equal to or lower than that of the 301th stock by market cap on the NSE.

Stock Selection Idea (Portfolio Construction )

The fund will select stocks from within the investment universe based on following criteria

  • Research & Analysis : Research is meant
  • No capitalization bias
  • No theme bias
  • Single Stock Limit 8%
  • Any Sector not more than 30% of Portfoliomicrocap-vi

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Performance

Past performance of SundaramMicro Cap Series  I , II , III , IV

Fund NameLaunch Dt.NAV (9.10.14)Value Returns
Select Micro Cap -I3 Jan 1419.589319589395.89%
Select Micro Cap -II27 Jan 1419.572919572995.72%
Select Micro Cap -III17 Feb 1419.140719140791.40%
Select Micro Cap -IV11 Mar 1417.994417994479.94%
Select Micro Cap -V25 Aug 1410.3104 10310403.10%
Select Micro Cap -VI24 Sep 14nanana
* Value as on (9.10.2014) If invested 1,00,000 at the time of launch

 

 

Tax Implication

Illustrative List of Tax Implications

This summary of tax implication is based on the current provisions of the applicable laws. In view of the individual nature of tax implications, investor are advise to refer the provisions of the Income-Tax Act & consult Investment Advisor or Tax advisor  with respects to the specific tax implications arising out of an investment in the scheme.

  • Income from Fund : Exempt from Tax
  • Dividend from Fund  :  Tax Free
  • Long Term Capital Gain (Unit held for more than 12 months qualify) : Tax Free
  • Short Term Capital Gain (Unit held for less than 12 month qualify) : 15%
  • Security Transaction Tax : Payable  at 0.001% on the value of units sold
  • Tax Deduction at Source (TDS) :  Not applicable for person resident in India; TDS applied on redemption proceeds payable to NRIs.

 

 

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Contact Us for Investment

rajendra@puneinvest.com

Mobile 7719917444

RajendraMutual FundSundaram Mutual Fund launched new fund offer Sundaram Select Micro Cap Fund-Series VII, 42 month closed ended scheme. The NFO Opens for subscription on 8 Oct. 2014 & closes on 22 Oct. 2014.  No entry load will be applicable for the scheme.   Contact Us for Investment rajendra@puneinvest.com Mobile 7719917444Investment you need