Sundaram BNP Paribus MF launches Select Thematic Funds Financial Services Opportunities (On Apr 16 , 2008)
Sundaram Mutual Fund launches an open ended sectoral equity fund, Sundaram BNP Paribas Select Thematic Funds Financial Services Opportunities. The investment objective of the scheme is to seek long-term capital appreciation by investing predominantly in equity and equity related securities of Indian companies engaged in the banking and financial services. The fund will invest 65-100% in equity and equity related instruments predominantly Indian companies relevant to the theme. It will have a 0-35% investment in equity and equity-related instruments outside of the theme. There will be 0-15% investment in fixed income and money market instruments. Equity investments may also include overseas securities, up to a maximum of 35% of net assets of the scheme. The new fund offer is open for subscription from 17 April 2008, and closes on 14 May 2008. source- MFI site
Views- Financial services and Entertainment are potential growth sectors in India . Those who have the adequate exposure to diversified equity portfolio can allocate a small portion to these funds. If you are a new investor, better to start with some proven diversified equity funds.