Sundaram Mutual Fund

Sundaram Home Finance has inaugurated its second branch in Pune as it aims to make disbursements of Rs 450 crore in Maharashtra this year, the company said on Friday. The wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd achieved disbursements of over Rs 250 crore in the Western state last year. Sundaram Home Finance currently has six branches in Maharashtra and would offer home loans targeting the mid-segment of the market with an average ticket size of Rs 40 lakh. The company achieved disbursements of over Rs 100 crore in Pune last financial year. "Pune is turning into a vibrant home finance market and its proximity to Mumbai has led to fast paced growth in terms of infra development and the increasing presence of IT companies. This expansion in Pune follows the success of our first branch in the city," company Managing Director D Lakshminarayanan said. In February, the company expanded presence in Navi Mumbai. "We have seen a robust demand for home loa

Multi-asset allocation funds have been the 'flavour of the season' in the hybrid space in financial year 2024 as fund houses have rushed to launch the product post the change in debt fund taxation

As per shareholding data on the BSE, SBI Mutual Fund and promoter Chandramogan held 4.9 per cent and 56 per cent stakes in the company, respectively, as at the end of the April-June quarter

Sundaram Bluechip Fund is an open-ended equity scheme predominantly investing in large cap blue chip stocks

The fund is a multi-cap product, which will re-open for subscription on September 16

Proposal was not in-line with Sebi norms on creating a separate portfolio for affected asset

Expects lower subscription due to change in commission structure