
Sundaram Mutual Fund launched Sundaram Select Micro Cap- Series I, a five-year closed-end equity scheme. The NFO of the scheme will be available for subscription from December 16, 2013 and December 30, 2013.
The scheme aims to invest between 65 and 100 percent, in equity or equity-related instruments of companies that can be termed as micro-caps. The units of the scheme will be listed on the National Stock Exchange within five business days from the date of allotment.