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Sundaram Floating Rate Fund's IPO from Dec 20

Last updated: 14-Nov-2022•Value Research

Sundaram Mutual Fund is all set to launch a floating rate fund. An open-ended income scheme, Sundaram Floating Rate Fund would invest predominantly in high quality floating rate debt instruments

Sundaram Mutual Fund is all set to launch a floating rate fund. An open-ended income scheme, Sundaram Floating Rate Fund would invest predominantly in high quality floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate and money market instruments. The scheme would offer both short-term and long-term plans. The IPO period for the fund will be from December 20 to December 24, 2004.

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