Sundaram Value Fund Series VIII is a close-ended equity fund suitable for investors who are ready to take moderately high risk. The scheme will provide long-term capital growth. In this particular scheme, investments will be made in a well-diversified portfolio of stocks through fundamental analysis.
Here are a few things one must consider before making investment in such kind of fund:
New Fund Offer time period
The NFO opened on May 02, 2017, and closes on May 16, 2017.
The scheme’s objective is to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis. However, there can be no assurance that the investment objective of the scheme will be realized or not.
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Under normal circumstances, the asset allocation will be as follows:
Here, equity and equity-related securities include convertible bonds, debentures, and warrants carrying the right to obtain equity shares.
Liquidity of the Scheme
The units of the scheme will be listed on the NSE within five business days from the date of allotment and will be subject to terms and conditions of the exchange. Investors who want to sell their units in demat form in the Scheme can do so on the NSE, subject to availability of liquidity.
Entry load is nil and exit load is also nil. One should also know that buying and selling the units of the scheme on the stock exchange is based on market price.
Minimum Application Charges
For both regular and direct plan, Rs 5,000 and multiples of Re 10 thereafter
The S&P BSE 500 index is a broad representation of the Indian market covering all major industries in the Indian economy and consists of the top 500 companies listed at BSE Ltd. as on March 31, 2017. 28.9% of the index is represented by the stocks in the financial services sector followed by consumer goods and energy sectors ccounting for 12.7% and 11.4%,. respectively.
It is, however, to be noted that one should consult one’s financial adviser before investing in such a fund. Moreover, one must link one’s investments to one’s financial goals of life.