Today, asset management company Sundaram Mutual has announced the allotment of Rs 1679 crore in its Flexi Cap NFO to 71,720 investors. On 16 August, the fund’s subscription opened and closed on 30 August. This fund is the second largest fund offer (NFO) for all asset management companies, but this subscription will reopen on 12 September. This fund is an open-ended equity scheme with the ability to invest across large, mid and small-cap stocks. 

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Sunil Subramaniam, Managing Director, Sundaram Mutual, said, “The fund will aim to live up to its Optimizing Opportunities by seeking to manage the Risk-Reward trade-off in the investors’ favour and deliver appropriate wealth creation over the medium term.”

On the company’s official website, a record of 1.5 million visitors has been received throughout the new fund offer, with roughly half of the digital collection. NFO will be managed by Sudhir Kedia, fund Manager, equity, and Ravi Gopalakrishnan, CIO – Equity. The benchmark chosen is the Nifty 500 TRI Index.