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