Don't let change in MF mandate perplex you. Use load-free exit option

Sometimes, they are innocuous ones. But use the load-free exit option if the new mandate doesn't match your goals

Recently, Sundaram Mutual Fund changed the mandate and the name of its Global Advantage Fund. Under the new name, Sundaram Global Brand Fund will move from being a fund-of-funds (FoF) that invested in a diverse set of overseas funds and exchange-traded funds across emerging market equities, commodities and real estate investment trusts to becoming a scheme that will focus only on global equities. “The change makes the investment mandate less complicated and focused on a single asset class – equities of top global brands. This will reduce the risk associated with multiple assets classes and emerging markets,” says Sunil Subramaniam,