Sundaram Balanced Advantage Fund scheduling from February 14, 2020 – February 28, 2020 the investment objective of the Scheme is to provide accrual of income and capital apprection by investing in a mix of equity, debt, REITs/InvITs and equity derivatives that are managed dynamically.
An open ended dynamic asset allocation fund
Summary Of Issue:
| Issue | Sundaram Balanced Advantage Fund |
| Issue Open | February 14, 2020 – February 28, 2020 |
| Scheme Type |
An open ended dynamic asset allocation fund |
| Investment Objective | The investment objective of the Scheme is to provide accrual of income and capital apprection by investing in a mix of equity, debt, REITs/InvITs and equity derivatives that are managed dynamically. |
| Benchmark | CRISIL Hybrid 50%+50% Moderate Index |
| Fund Managers | S Bharath & S Krishnakumar Dwijendra Srivastava. (Fixed Income) The Trustee reserves the right to change the fund manager(s). |
| Plans and Options | Plans: Regular Plan and Direct Plan Options: Growth, Dividend (Payout, Re-Investment & Sweep) |
| Liquidity | Purchase / Switch In: On any business day, at NAV. Redemption / Switch Out: On any business day at NAV, subject to exit load, if any. the redemption proceeds shall be dispatched to the unit holders within 10 business days from the date of redemption. |
| Minimum Application amount | For both Regular and Direct Plan Rs 100/- and in multiples of Re 1/- thereafter per application and for additional purchase Rs. 100/- & multiples of Re. 1/- thereafter. In the case of purchases through SIP, the minimum installment amount shall be Rs 1000/-, Rs. 750/- and Rs. 100/- respectively |
| Load Structure | Entry load NIL
Exit* – If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 1 Year – for up to 10% of such units – exit load: Nil. – for more than 10% of such units – exit load: 1% of applicable Net asset Value (NAV) |
| Risk Profile | Mutual Fund Units involve investment risks including the possible loss of principal. Please read the Statement of Additional Information and Scheme Information Document carefully for details on risk factors before investment. |
| Name of the Trustee Company | Sundaram Trustee Company Ltd |
Sundaram Balanced Advantage Fund NFO- Tax Implications:
For the Mutual Fund
Income of Sundaram Mutual Fund: Exempt from Tax
Dividend Distribution Tax (DDT) imposed on Equity oriented funds:
As per the Finance Act 2018, Equity Oriented Mutual Funds would be liable to pay DDT @ 10% on the income distributed to its investors. For the purpose of computation, the tax rate would be applied on the gross dividend payment including DDT i.e. 10% X (Dividend per unit + DDT) +applicable surcharge and Cess
(a) These rates will further increase by applicable surcharge & health and education cess.
(b) Indexation benefit, as applicable.
(c) Long term capital gains arising to a non-resident from transfer of unlisted securities or shares of a company, not being a company in which
the public are substantially interested, subject to 10 per cent tax (without benefit of indexation and foreign currency fluctuation
(d) This rate applies to companies other than companies engaged in manufacturing business who are to be taxed at lower rate subject to
fulfillment of certain conditions.
(e) If total turn over or gross receipts of the financial year 2017-18 does not exceed `400 crores.
This lower rate is optional and subject to fulfillment of certain conditions as provided in Taxation Laws (Amendment) Ordinance, 2019.
(g) This lower rate is optional for companies engaged in manufacturing business (set-up & registered on or after 1 October 2019) subject to
fulfillment of certain conditions as provided in Taxation Laws (Amendment) Ordinance, 2019
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Sundaram Balanced Advantage Fund NFO (Asset Allocation Pattern)
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