Date:22/03/2006 URL: http://www.thehindu.com/2006/03/22/stories/2006032206181900.htm

Business

Sundaram Mutual launches rural India fund

Corporate Reporter

CHENNAI: Sundaram Mutual has launched its new fund, focusing on rural India, Sundaram Rural India Fund. The fund seeks to provide investors an `early bird' advantage in what is likely to be a sustained long-term growth area, the transition of rural India, according to T. P. Raman, Managing Director, Sundaram Mutual. "The expanse of rural India offers the most promising investment opportunities. Sundaram Rural India Fund is our initiative for the investors to participate in the big growth opportunity," he said.

The fund is an open-ended equity scheme and will look into investing in companies with rural focus across sectors and market caps. The objective is to generate consistent long-term returns by investing predominantly in equity/equity related instruments of companies that are focusing on rural India.

The new fund offer, which opened on March 20, closes on April 19. The minimum investment is Rs. 5,000 under the regular plan and Rs. 500 per instalment under systematic investment plan (SIP).