Sundaram select midcap mutual fund - more details

Sundaram mutual fund is one of the leading mutual funds in the country with great understanding of the Indian economy. They have a team of financial experts who research the company’s performance before starting to invest in them.

This fund is one of the best performing mutual fund schemes managed by Mr. Sathish Ramanthan, who is the head for equity in Sundaram BNP Paribas Mutual Fund. The NAV for the dividend option for this scheme is Rs 18.19 (on 12-07-2010) and Rs 145.53 for the growth option (on 12-07-2010). You can check the latest NAV on Sundaram mutual fund website or related websites.

What is NAV?

NAV is Net Asset Value of the Scheme. On inception, this will be fixed as Rs 10. Once the funds starts performing, the NAV of the schemes vary accordingly based on the performance of the shares in which the funds has been invested. The NAV will be updated on each trading day at the end of the trading session. The latest NAV will be posted in Sundaram company website or in the various brokerage company websites.

When you purchase units for this scheme at a later date, the NAV at the end of the day would be taken into account. Sundaram select mid cap fund also has SIP Plans. If you invest your money in Systematic investment plans, the units would be bought on the current NAV each month. This would help you to buy more units at various prices. When you take the average price at which the units are bought, it would be less when compared to the regular purchase. More units would have been purchased at a lesser price and fewer units would have been purchased at a higher price. This would help you to earn more money smartly.

Next Step: Get more details and Start Investing in Sundaram Select Midcap Fund.

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