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Sundaram MF starts filling product gaps; launches equity savings fund

Expects lower subscription due to change in commission structure

Sunil Subramaniam, Sundaram MF
Sunil Subramaniam, managing director, Sundaram MF

Sundaram MF on Thursday announced the launch of new fund offer (NFO) -- Sundaram Equity Savings Fund. This will be an open-ended scheme that will invest in a mix of equity, debt and arbitrage.  Sunil Subramaniam, managing director of Sundaram MF, expressed that with upfront commission recently getting scrapped, the NFO collection may be limited. "Distributors are reviewing their own business models. In this situation, we have a more realistic collection expectation of up to Rs 1.5 billion," Subramaniam added. ALSO READ: Crisis-hit NBFC sector ...