New Delhi: Sundaram Mutual Fund is going to launch a new scheme on 14 February. The scheme is called Sundaram Balanced Advantage Fund. The scheme will open on February 14 and will close on February 28. After this the scheme will again be opened for subscription and redemption from March 12.
According to a report published in the Economic Times, NFO is the new scheme of an asset management company. Through this scheme, a mutual fund company raises money from investors to invest in instruments such as shares, government bonds.
The mission of this fund will be to build a multicap portfolio. According to the report, a stock will be made part of the portfolio based on the 5S model. The scheme includes Simple Business, Sound Management, Scalable Opportunity, Sustainable Competitive Advantage, Steady and Sustainable Cash Flow.
