Sundaram Mutual Fund Merges IDCW plans of its few Debt Funds

Sundaram Mutual Fund will merge its Daily, Weekly, and Fortnightly IDCW options (wherever available) into the respective Monthly IDCW option for the following funds: Sundaram Banking & PSU Fund, Sundaram Low Duration Fund, Sundaram Money Market Fund, Sundaram Short Duration Fund, and Sundaram Ultra Short Duration Fund.

Additionally, the Retail -Growth Plan and Retail-IDCW Monthly of Sundaram Banking & PSU Fund will be merged with the Reg-Growth Plan and Reg-IDCW Monthly respectively of the fund.

All the changes will come into effect from the close of business hours on June 28, 2024.