MFIs/MFDs/RIAs are hereby informed that we have received communication from Sundaram Mutual Fund regarding merger of Sundaram Multi Asset Fund (Transferor Scheme) into Sundaram Equity Hybrid Fund (Transferee Scheme). The merger shall be effective from December 28, 2018.
Consequently, Sundaram AMC confirmed that fresh subscription through lumpsum investment/Switch In//STP In/SIP shall be accepted in the Transferor scheme during the scheme exit period & new units will get alloted in the Transferee Scheme after merger effective date.
Further, as per notice cum addendum issued by Sundaram AMC, the investor who are not in favour of the above scheme meger can redeem their investments or switch to other Schemes of Sundaram Mutual Fund available for subscription without payment of exit load within a period of 30 days starting from November 29, 2018 to December 28, 2018 (Both days inclusive) through BSE star MF platform.
Also, as confirm by Sundaram AMC, the existing SIP/XSIP/STP/SWP will continue to get processed in the Transferor scheme i.e. under Sundaram Multi Asset Fund.
Further, with effect from December 28, 2018 the Transferor schemes shall cease to exist & SIP/XSIP/STP/SWP registered will get shifted to Transferee scheme i.e. Sundaram Equity Hybrid Fund.
The details of the schemes are attached in Annexure.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Fund Assistant General Manager – Mutual Funds |