Sundaram Mutual imposes 2 per cent entry load for ''Tax Saver'' scheme

By Our Markets Bureau | 09 Feb 2004

Chennai: 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.

Sundaram 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).