Scheme mergers announced by Sundaram Mutual Fund

Sundaram Mutual Fund has announced the merger of several plans/options across various mutual fund schemes to streamline their product offerings.

Details of the merger

• Sundaram Liquid Fund: Daily, Weekly, and Fortnightly (IDCW) plans (both regular and direct) will merge into the respective Monthly (IDCW) plan.
• Sundaram Overnight Fund: Daily, Weekly, and Fortnightly (IDCW) plans (both regular and direct) will consolidate into the respective Monthly (IDCW) plan.

These changes will take effect from the close of business hour on September 13, 2024.

Exit window
Unit holders who do not agree with these changes can redeem their existing units without paying any exit load. This exit window is available for a period of 30 days, from August 14, 2024, to September 12, 2024.