Chennai: Sundaram Mutual has removed the entry load for investments above Rs 50,000 on its Sundaram Select Focus Fund.

Sundaram Select Focus is an open-ended equity fund with an objective to achieve capital appreciation by investing in select stocks. This fund currently carries an entry load of 2 per cent for all investments. The new load structure comes into effect from 5 May 2003.

Says Sundaram Mutual managing director T P Raman: "With the removal of the entry load, this fund would be more attractive for high net-worth individuals."

Sundaram Select Focus is a concentrated equity fund that seeks to provide capital appreciation by investing in very few select stocks. The portfolio of this fund at most times comprises 15 stocks.