NFO Alert: Sundaram Mutual Fund launches Sundaram Multi Asset Allocation Fund; everything you need to know

livemint.com:

Sundaram Mutual Fund, said, “Sundaram Multi Asset Allocation Fund is an ideal vehicle for long-term risk-adjusted capital appreciation. In addition to the potential of Equity combating inflation in the medium term, Gold also provides a hedge against currency depreciation. Besides, given the inevitability of business cycles, there are always times when the economy goes through a slowdown following rapid expansion – a period in which Gold generally turns out to be the best-performing asset class.

Thus, SMAAF is suitable as a long-term investment, and for aggressive pure equity investors who wish to take a short-term tactical allocation to gold." The investment objective of the scheme is to generate long-term capital appreciation by investing in equity & equity-related securities, debt & money market instruments, and gold ETFs. There is no guarantee or assurance that the investment objective of the scheme will be achieved. Investors are neither being offered any guaranteed/indicated returns nor any guarantee on repayment of capital by the schemes.

There is also no guarantee of capital or return either by the mutual fund or by the sponsor or by the asset management company or by the trustees. Investors can invest under the scheme with a minimum investment of ₹100 per plan/option and in multiples of Re 1. There is no upper limit for investment.