Key Takeaways
- • Sundaram Mutual has entered the specialised investment fund (SIF) space with the launch of Select SIF, whose debut offering is the Select Equity Ex-Top 100 Long-Short Fund, according to Cafemutual.
- • The NFO opens October 21, 2026 and closes November 4, 2026, with a minimum investment of Rs 10 lakh during the NFO and Rs 1 lakh for accredited investors, subject to applicable thresholds.
- • The fund targets companies ranked 101st to 750th by market capitalisation (mid- and small-cap), building a bottom-up portfolio of 25 to 40 stocks with up to 25% in unhedged short exposure.
- • Madanagopal Ramu will manage the equity portion, with Sandeep Agarwal overseeing fixed income and Shalav Saket overseeing overseas investments.
- • The fund will be benchmarked against the Nifty MidSmallcap 400 TRI and carries a 1% exit load for redemptions within one year of allotment. Sundaram Asset Management managed over Rs 91,000 crore as of September 2026.
Summary
Sundaram Mutual has entered the specialised investment fund (SIF) space with the launch of Select SIF, according to Cafemutual. Its debut product, the Select Equity Ex-Top 100 Long-Short Fund, opens its New Fund Offer on October 21, 2026 and closes on November 4, 2026.
The fund will predominantly invest in equity and equity-related instruments of companies outside the top 100 by market capitalisation, focusing on companies ranked 101st to 750th. The portfolio will span mid-cap and small-cap segments, follow a bottom-up investment approach, and hold 25 to 40 stocks. The fund may allocate 65% to 100% of its portfolio to equities outside the top 100, including permitted short exposure, and may hold up to 35% in debt and money market instruments. It may also take unhedged short positions in equity and equity-related derivatives of eligible companies, capped at 25% of the portfolio.
Anand Radhakrishnan, Managing Director of Sundaram Asset Management Company, said India's structural shifts in manufacturing, technology, urban consumption and financial inclusion could create investment opportunities for companies positioned to benefit from these trends. The fund aims to identify emerging leaders in manufacturing, premiumisation and technology platforms, using short positions to hedge risks or seek additional returns.
The minimum NFO investment is Rs 10 lakh, while accredited investors may invest a minimum of Rs 1 lakh, subject to the applicable threshold. An exit load of 1% applies to redemptions or switches within one year of allotment, with no exit load thereafter. Madanagopal Ramu will manage the equity portion, Sandeep Agarwal will oversee fixed-income investments, and Shalav Saket will oversee overseas investments. Performance will be benchmarked against the Nifty MidSmallcap 400 TRI.
Sundaram Asset Management Company managed assets of over Rs 91,000 crore, including subsidiaries, as of September 2026.
The fund will predominantly invest in equity and equity-related instruments of companies outside the top 100 by market capitalisation, focusing on companies ranked 101st to 750th. The portfolio will span mid-cap and small-cap segments, follow a bottom-up investment approach, and hold 25 to 40 stocks. The fund may allocate 65% to 100% of its portfolio to equities outside the top 100, including permitted short exposure, and may hold up to 35% in debt and money market instruments. It may also take unhedged short positions in equity and equity-related derivatives of eligible companies, capped at 25% of the portfolio.
Anand Radhakrishnan, Managing Director of Sundaram Asset Management Company, said India's structural shifts in manufacturing, technology, urban consumption and financial inclusion could create investment opportunities for companies positioned to benefit from these trends. The fund aims to identify emerging leaders in manufacturing, premiumisation and technology platforms, using short positions to hedge risks or seek additional returns.
The minimum NFO investment is Rs 10 lakh, while accredited investors may invest a minimum of Rs 1 lakh, subject to the applicable threshold. An exit load of 1% applies to redemptions or switches within one year of allotment, with no exit load thereafter. Madanagopal Ramu will manage the equity portion, Sandeep Agarwal will oversee fixed-income investments, and Shalav Saket will oversee overseas investments. Performance will be benchmarked against the Nifty MidSmallcap 400 TRI.
Sundaram Asset Management Company managed assets of over Rs 91,000 crore, including subsidiaries, as of September 2026.
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