Sundaram Mutual's bluechip fund NFO mobilises over Rs 650 cr despite Covid

Sundaram Mutual’s Sundaram Bluechip Fund New Fund Offering which was open from September 17 to October 01, 2020 has collected over Rs 650 crore  from over 46,000 customers spread across 562 cities.

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

Despite the challenges of the Covid-19 pandemic and the lockdown, this collection figure is a significant increase over those of the previous two NFOs in the last one year (Sundaram Equity Fund – Rs 358.95 crore in September 19 and Sundaram Balanced Advantage Fund Rs 485.12crore in March 20).

The success was