Sundaram Mutual today announced the launch of three open-ended funds, Sundaram Select Focus, Sundaram Select Midcap (both equity-oriented) and Sundaram Income Plus, a debt-skewed fund.
T P Raman, managing director, Sundaram Newton Asset Management Company which runs the fund, said the funds have been structured to provide the right product for the right investor.
The initial public offering (IPO) would open from today and close on July 19, said Sanjay Santhanam, the company
