Thematic funds from Sundaram

News-Sundaram BNP Paribas MF launches Select Thematic Funds Entertainment Opportunities (On Apr 16 , 2008)

Sundaram Mutual Fund launches another open ended thematic equity fund, Sundaram BNP Paribas Select Select Thematic Funds Entertainment Opportunities. The investment objective of the scheme would be to achieve long term capital appreciation by investing primarily in the equity and equity related instruments of companies that focus on opportunities in the entertainment business. As a thematic fund, the portfolio will be more diversified than a sector fund and may not be as diversified as a typical equity fund. The fund will invest 65-100% in equity and equity related instruments in the targeted sector/theme. It will have a 0-35% investment in equity and equity-related instruments other than the targeted sector/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 NFO is open for subscription from 24 April, 2008 and closes on 20 May, 2008.

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.