The city-based mutual fund, Sundaram Mutual, has introduced
an entry load of 2 per cent for all investments in Sundaram
Tax Saver with effect from February 4, 2004.
Tax Saver is benchmarked against the BSE 200 in terms
of performance. The objective of this fund is to achieve
capital appreciation by investing in a well-diversified
basket of equities and equity-related instruments. Since
it's inception in November 1999, the
fund has delivered an annualised return of 12.82 per cent
while it's benchmark has returned 8.60 per cent for the
same time period (as on 30th January 2004).