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Sundaram to Launch Leadership Fund on May 31


Sundaram Mutual Fund has announced that the initial public offer for its Sundaram India Leadership Fund would be open from May 31, 2004 till June 18, 2004.

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.

The Scheme was earlier scheduled to be launched on May 20, but was postponed in order to allow for the political situation to stabilize and the markets to cool down.