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Sundaram MF Defers Launch of Leadership Fund

Sundaram Mutual Fund has postponed the launch of its Sundaram India Leadership Fund owing to the uncertain political situation in the country and the consequent bout of volatility in the stock markets.

The Scheme was earlier scheduled to be launched on May 20 but now it has been postponed by a week to ten days in order to allow for the political situation to stabilize and the markets to cool down.

Sundaram India Leadership Fund would provide an avenue for the investors to invest in 'Leadership' stocks, 'Leaders' being companies that are top-ranked in terms of net revenue or total income in their respective sectors. This would allow the fund to take advantage of the different sectoral upswings from time to time while displaying greater resilience in periods of economic slowdown.