Sundaram Newton revamps liquid fund offer

By Our Corporate Reporter

CHENNAI, AUG. 28. Sundaram Newton Asset Management Company has offered additional value added services to its liquid fund `Sundaram Money Fund'.

The revamp is aimed at making the product more powerful and easy to access as well as exit, for all classes of investors, according to a company release.

With effect from August 16, the minimum investment amount under the appreciation option of this scheme has been reduced to Rs. 10,000 from the earlier Rs. 50,000.

To make it easier for the investor to exit the fund, Sundaram Newton has put in place arrangements, by which the bank account of the investor can be directly credited with the redemption proceeds.

According to Mr. T.P. Raman, managing director, Sundaram Newton Asset Management Company, these value additions would help boost investor confidence in mutual funds.

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Section  : Business
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