Sundaram MF announces launch of Sundaram World Brand Fund

Sundaram Mutual, has announced the launch of its new scheme as Sundaram World Brand Fund, a five-year closed-end equity scheme, which aims to invest 65 percent to 100 percent of this scheme’s Assets Under Management (AUMs) in equity securities listed on overseas stock exchanges across the world. The equity securities of world’s strong brands and those with the potential to become globally recognised brands will be targeted for investments under this scheme. For investment in international securities, Sundaram Asset Management Company (AMC) has entered into an agreement with Sundaram AMC Singapore to act as Investment Advisors.

The New Fund Offer (NFO) opens for the subscription on November 20, 2014 and closes on December 02, 2014.

Mr. Harsha Viji, Managing Director, Sundaram Mutual, said, “We believe there are opportunities to invest in strong brands across markets and in all market conditions and Sundaram Mutual is known for unearthing these opportunities. With our research based approach we are ideally positioned to unearth these stocks for our investors. Sundaram World Brand Fund is intended as a wealth building tool for investors.”

Mr.Sunil Subramaniam, Deputy CEO, Sundaram Mutual, said, “Great brands span borders, span categories, sustain pricing power across economic cycles and generate durable cash flows and high returns on capital. Sundaram World Brand Fund will consistently target investment opportunities offered by strong brands across the world and unfurl a wide array of investment prospects in the stronger returns generating global brands to the investors.”

Sundaram Mutual has entrusted the fund management of Sundaram World Brand Fund to Mr.S.Bharath. The performance of the scheme will be benchmarked against MSCI ACWI Index.

Sundaram World Brand Fund proposes to adopt an investor-friendly dividend policy (surpluses permitting) to ensure that liquidity is not restricted and the dividends may be declared between Net Asset Value (NAV) band of Rs.12 to Rs.16.

Scheme Details:

Scheme Name  : Sundaram World Brand Fund

Scheme Type  : A five-year closed-end equity scheme

Investment Objective : To invest in equity securities listed on overseas stock exchanges across the world

Asset Allocation:

Fund Managers : S.Bharath.

Minimum Investment Amount : For both Regular Plan and Direct Plan Rs. 5,000/– & multiples of Re.1/-.

Load Structure : The entry load and exit load charge are not applicable for the scheme.