Sundaram tax saver 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.

Mr.Sathish Ramanathan is the fund manager for this scheme. He is an IIT Alumni and the head for equity in Sundaram BNP Paribas Mutual Fund. He did his MBA from Texas.

This scheme has been generating more returns than the benchmark returns from the time of inception. As on June 2010, this fund has invested in companies like Cairn India, Adani Power, Axis Bank, Reliance Industries, and Reliance Infrastructure etc. You can check the latest portfolio of the stocks from the company website. The asset base for this mutual fund is around Rs 1400 crores.

NAV - Net Asset Value:

There are two options for investing in this scheme i.e. dividend and growth. The NAV for the dividend option on 12-07-2010 is Rs 11.52 and for the Growth Option is Rs 42.97. You have to check the latest NAV from the Sundaram BNP Paribas website or from the related websites. The NAV differs on each trading day and it will be updated in the related websites at the end of each trading day. This fund has declared dividends for the investors on the face value of Rs 10. Once the dividend amount is declared and distributed, the NAV of the fund will fall to the amount paid as dividend. The maximum dividend declared by this scheme is Rs 5 per unit. This dividend amount was declared twice since inception of the fund. It was declared in March 2004 and January 2005.

What is the Next Step? Get More details and Start Investing in Sundaram Mutual Fund.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR