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Sundaram Mutual Raises Rs 116 crores

Sundaram Mutual has raised Rs. 116 from the three open-ended schemes during the initial offer. Sundaram Income Plus - the Debt Scheme has mopped up Rs. 76.85 cr, Sundaram Select Focus & Sundaram Select Midcap(Equity funds) have mopped up Rs. 21 cr and 18.15 cr respectively.

Currently, Sundaram Mutual manages nine funds in all, with an asset base of Rs 709 crores.