Sundaram Mutual launches Equity Ex-Top 100 Long Short Fund
In short
Sundaram Mutual has launched a new fund called the Select Equity Ex-Top 100 Long Short Fund. It will focus on mid- and small-cap stocks ranked 101st to 750th by market value, and the NFO closes on November 4.
The fund will use a limited amount of short exposure through derivatives. The report does not say how much money it wants to raise or how investors will respond.
What the reporting says
Sundaram Mutual launched its Select Equity Ex-Top 100 Long Short Fund through the SIF platform Select, targeting mid- and small-cap stocks ranked 101st to 750th by market capitalisation. The new fund offer closes on November 4 and will use limited short exposure through derivatives. The reporting does not state the fund size, expected returns, or investor demand.
Why it matters
Sundaram Mutual launched its Select Equity Ex-Top 100 Long Short Fund on its SIF platform, with the offer closing on November 4. The strategy targets stocks ranked 101st to 750th by market capitalisation and allows limited short exposure through derivatives. This is relevant for mutual fund investors looking for an active equity product, but the fund size, performance target and subscription outlook are not stated.