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Sundaram MF's plans

By Our Corporate Reporter

CHENNAI JUNE 20. Sundaram Mutual Fund has reached the Rs. 1,500 crore mark in respect of assets under management of its various schemes. According to T. P. Raman, Managing Director, Sundaram Asset Management Company, the mutual fund could add Rs. 800 crores to its assets in a year with the launch of new products and a little more aggressive marketing. Sundaram Mutual was able to create a visibility and grow in a difficult market with a commitment to the business. The intention was to grow organically and reach the Rs. 5,000 crore in respect of assets within the next two years, he said.

Sundaram AMC was also thinking of undertaking portfolio management particularly for high networth individuals, Mr. Raman said. Besides there were plans to launch a monthly income plan, he said.

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