Sundaram Mutual Fund, an investment company, has introduced a new fund called Sundaram Multi Asset Allocation Fund.
This fund allows you to invest in both stocks and bonds. The subscription for this new fund is open from January 5, 2024, to January 19, 2024.
It is a type of investment that can help your money grow over a long period.
You can start investing with just ₹100
You can begin investing in Sundaram Multi Asset Allocation Fund with a minimum amount of Rs 100 and then add more money in multiples of Re 1.
If you decide to take out more than 30% of your investment within a year from when you first invested, you will need to pay a 1% charge.
The people managing this fund are Arjun Nagarjan, Rohit Seksaria, S Bharat, and Sandeep Aggarwal.
The benchmark for this fund is based on NIFTY 500 TRI (65%), Domestic Price of Gold (25%), and NIFTY Short Duration Index (10%).
You can invest in this fund through SIP (Systematic Investment Plan).
You can invest Rs 100 daily (for a minimum of 3 months), Rs 1000 weekly (over 6 payments), Rs 100 monthly (over 6 payments), or Rs 750 quarterly (over 6 payments).
Who should invest?
This investment is good for people who want their money to grow over a long time.
With this fund, you get to invest in stocks, bonds, and even gold. Hybrid mutual funds like this one are less risky compared to investing only in stocks.
There are different types of hybrid funds, such as Aggressive Hybrid, Conservative Hybrid, Balanced Hybrid, Dynamic Asset Allocation or Balanced Advantage, Multi Asset Allocation, Arbitrage, and Equity Saving Schemes.
