NFO Sundaram Top 100 Series VI
|New Fund Offer||Sundaram Top 100 - Series VI|
|Issue Open||03 Feb 2017|
|Issue Close||27 Feb 2017|
|Issue Type||Closed Ended Equity Scheme|
|Face Value||Rs 10|
|Maturity||3 Year from date of allotment|
|Minimum Application Amt||5000|
|Fund Manager||Mr. Rahul Baijal|
Who can Invest
This product is suitable for investors:
- Seeking long term capital appreciation
- Investment in equity/equity-related instruments of companies specified as eligible securities under RGESS. (Rajiv Gandhi Equity Saving Scheme 2012)
- To Generate capital appreciation from a portfolio that is substantially constituted of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS). The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time.
The investment will be in eligible equity securities under RGESS and shall be based on a thorough research of the general macroeconomic condition, political and fiscal environment, systemic liquidity, inflationary expectations, corporate performance and other economic considerations. The Investment Manager will keep in mind the Investment Objective of the Scheme and the applicable Regulations.
Performance difference between Sundaram Top 100 and the CNX 100 may arise as a result of several factors including:
• Any delay experienced in the purchase or sale of shares due to illiquidity of the market, settlement and realisation of sales proceeds and in receiving cash and stock dividends resulting in further delays in reinvesting them.
• Any costs associated with the establishment and running of the scheme including costs on transactions relating to investment, recomposition and other operating cost.
• The CNX 100 reflect the prices of shares at close of business hours. However, the scheme may be able to buy or sell shares at different points of time during the trading session at the then prevailing prices, which may not correspond to the closing prices.
• Significant changes in the composition of the CNX 100 may involve inclusion of new securities in the indices in which event while the scheme will endeavour to balance its portfolio it may take some time to precisely mirror the indices.
• The holding of a cash position and accrued dividend prior to distribution and accrued expenses.
• Dis-investments to meet exits of investors, recurring expenses, etc. as elsewhere indicated in this Scheme Information Document.
The Investment Manager will be adopting a combination of top-down approach and bottom-up stock selection, which will encompass an evaluation of key economic trends, the analysis of various sectors in the economy leading to an outlook on their future prospects,and a diligent study of various investment opportunities within the favoured sectors.
The corpus of the Scheme will be primarily invested in equity of the companies as mentioned in the investment universe specified for RGESS. The fund manager would primarily focus on long term growth for identifying stocks. The objective would be to identify business with superior growth prospects and strong management available at reasonable valuation and offering higher risk adjusted returns.
The Scheme would follow blend of bottom up approach (for stock selection) and top down approach (for sector allocation). The decision to sell would be based on price reaching its fair value or availability of alternative investment opportunity offering higher risk adjusted returns or anticipated price appreciation no longer possible due to change in business fundamental.
consult your mutual fund adviser , brokers, agent, distributor before investment