Sundaram Mutual has registered three more 'capital protection-oriented' funds for launch over the coming year.
Regulatory records show the asset manager plans to issue series four, five and six of the three-year, principal-protected structured products.
The growth and income fund, which will be managed by Dwijendra Srivastava (for the debt portion of the portfolio) and Srividhya Rajesh (for the equity portion), will invest 80%-100% in fixed income securities and up to 20% in equity and equity-related instruments.
Derivatives exposure will be limited to 50%.
The minimum investment is INR5,000 (US$110).
These products will appear in due course in Recent Additions (India).