Sunday, March 19, 2006

Mutual Fund is after companies focussing rural

According to this news:
Sundaram Mutual Fund has unveiled its new equity offering under open-ended category, Sundaram Rural India Fund.

The primary investment objective of the scheme 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 opens on March 20, 2006 and will close on April14, 2006. Minimum subscription amount is Rs 5,000 and offers both dividend and growth option. During new fund offer it would not charge any entry load while an exit load of 3 per cent would be levied if redeemed within six months from the date of allotment.

Related news: Khosla interested in companies serving rural

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