Addendums to the Scheme Information Documents of the schemes of Sundaram Mutual Fund carried out during the period October 2013-March 2014

Transcription

1 Addendums to the Scheme Information Documents of the schemes of Sundaram Mutual Fund carried out during the period October 2013-March 2014 Addendum October 04, 2013 A. Change in Directorships Mr. Harsha Viji, (Managing Director Company Ltd.) has relinquished his Directorship from the Board of Sundaram Asset Management Singapore Pte. Ltd. B. Changes in address of Customer Care Centers Limited as stated below, which are official points of acceptance of transactions for the Schemes of Sundaram Mutual Fund: Karnataka Shree MAA Enclave, Shivalli Village, Kadivali Ward, 2nd Floor, Andrade Arcade, Near Syndicate Bank, Catholic Centre, Udupi - Manipal Main Road, KM Marg, Udupi Udupi Haryana SCO 152, 2nd Floor, c/o Sundaram Finance Ltd. Shop No. 46, DSB, Above Syndicate Bank, First Floor, Red Square Market, Hisar Hisar SCO No.11, 1st Floor, Sector 26, Madhya Marg, SCO 56-57, 2nd Floor, Phase II Chandigarh Mohali Uttar Pradesh Ground Floor, 237, Gurukripa Complex, c/o Sundaram Finance Ltd, Shop No. 5, Narayan Plaza, JOJO House, Near Rang Bhawan, Civil Line, Jhokhan Bagh, Infront of Employment Exchange, Gwalior Road, Jhansi Jhansi Addendum October 18, 2013 NOTICE is hereby given that the following changes have been made to the Scheme Information Document / Key Information Memorandum and Statement of Additional Information of the schemes of Sundaram Mutual Fund: Appointment of Co-fund manager in schemes of Sundaram Mutual Mr. J Venkatesan, Fund Manager Equity, is currently the fund manager for Sundaram Entertainment Opportunities Fund and Sundaram Select Thematic Funds PSU Opportunities. The Trustee of Sundaram Mutual Fund has appointed Mr. Shiv Chanani, Head Equity Research & Fund Manager Equity, as the co-fund manager of the above said schemes with effect from October 18, Mr. Shiv Chanani is currently the Fund manager for Sundaram Equity Plus and Equity Portion of Sundaram Balanced Fund, Sundaram Capital Protection Oriented Funds and Sundaram Monthly Income Plans He is also the co-fund manager for Sundaram Equity Multiplier. Addendum November 28, 2013 A. Changes to the valuation policy of Sundaram Mutual Fund NOTICE is hereby given that pursuant to the Best Practices guidelines no. 135/ BP/ 42/ dated November 19, 2013 on investment valuation norms prescribed by AMFI, following changes shall be carried out to the valuation policy of Sundaram Mutual Fund with effect from November 29, 2013: Security Category Basis of valuation from Traded Fixed Income and Related Securities with residual maturity > 60 days At valuation prices provided by AMFI approved agencies (currently - CRISIL & ICRA)* Non-Traded Fixed Income and Related In case of new securities, not forming part of the universe covered by the AMFI approved Securities with residual maturity > 60 days agencies, it would be valued on purchase yield on the date of purchase. Securities with Put/Call Option a. Securities with Put Option: Once the option is exercised, the put option date would be deemed to be the maturity date of the security and accordingly the valuation of the security would be based on the valuation guidelines. In case the deemed maturity date (put option date) is <= 60 days, the prices provided by the AMFI approved agencies* would be ignored and would follow the valuation model applicable to securities with residual maturity of <= 60 days (e.g.amortisation). If the residual days are more than 60 days, the security shall be valued on the basis of prices provided by the AMFI approved agencies* till the residual maturity date is <= 60 days. 1

2 b. Securities with Call option: Once the option is exercised, the call option date would be deemed to be the maturity date of the security and accordingly the valuation of the security would be based on the valuation guidelines. In case the deemed maturity date (Call option date) is <= 60 days, the prices provided by the AMFI approved agencies* would be ignored and would follow the valuation model applicable to securities with residual maturity of <= 60 days (e.g.amortisation). If the residual days are more than 60 days, the security shall be valued on the basis of prices provided by the AMFI approved agencies* till the residual maturity date is <= 60 days. The updated valuation policy is available on the website of Sundaram Mutual. B. Introduction of switch-out facility in Sundaram Select Micro Cap Series I - IV NOTICE is hereby given that Trustees of Sundaram Mutual have approved the introduction of a facility for switching out the units of Sundaram Select Micro Cap Series I - IV at the time of maturity. The features of this facility are given hereunder: a) The investor can switch-out the redemption proceeds under Sundaram Select Micro Cap Series I - IV at the time of maturity into any other open ended scheme of Sundaram Mutual or to a closed ended scheme during its NFO. b) The investor can opt for this facility at the time of subscribing to the units of the scheme during New Fund Offer period using application form or at any time before the maturity of the scheme using a designated form. c) As a default option, the units shall be redeemed if the investor does not specifically choose to switch-out to any other scheme. d) The switch out transaction will be processed based on the applicable NAV on the date of maturity. e) This facility shall be available only for investors who hold the units of the scheme in physical mode. The Trustee reserves the right to change the terms and conditions of this facility at a later date on a prospective basis. The Trustee also reserves the right to withdraw the said facility. C. Change in Directorships a) Mr. Rishikesha T. Krishnan (Director Company Ltd.) has relinquished his Directorship from the Board of SVP Philanthropy Foundation. b) Mr. Harsha Viji (Managing Director Company Ltd.) has relinquished his Directorship from the Board of Professional Management Consultants Limited by virtue of its amalgamation with Sundaram BPO India Limited. c) Mr. T. Anantha Narayanan (Director Company Ltd.) has relinquished his Directorship from the Board of Ashley Holdings Limited, Ashley Investments Limited and Ashok Leyland Project Services Limited by virtue of amalgamation of these Companies with Ashley Services Limited. Addendum December 06, 2013 A. Introduction Of Mfss / BSE STAR MF platform facility for subscription of units through stock exchange in Sundaram Hybrid Fund Series D Notice is hereby given that Trustee of Sundaram Mutual Fund has decided to offer a facility to the Investors for subscribing to the units of Sundaram Hybrid Fund Series D, during NFO period through the infrastructure of the MFSS / BSE STAR MF Platform introduced by NSE & BSE, respectively. The investors will have the facility to subscribe to the units of the scheme during NFO period under the following Options Scheme Name Plan & Options ISIN Regular Plan Growth Option INF903J01XS1 Sundaram Hybrid Fund Series D Regular Plan Half Yearly Dividend Payout Option INF903J01XT9 Regular Plan Yearly Dividend Payout Option INF903J01XU7 Investors are requested to note that, the facility for transacting in mutual fund schemes through stock exchange infrastructure is available subject to such limits, operating guidelines, terms and conditions as may be prescribed by the respective stock exchange(s) from time to time. The Trustees reserves the right to change/modify the features of this facility at a later date. B. Changes in addresses of Customer Care Center Limited as stated below, which are the official points of acceptance of transactions for the Schemes of Sundaram Mutual Fund: Plot No.3, 1st Floor, Second Floor Above Reebok Showroom, Above Vijaya Bank Aerodrome Circle, Kota , Shopping Centre, Near Ghode Wale Baba Circle, Kota Addendum December 16, 2013 A. Introduction of Mfss/BSE STAR MF platform facility for subscription of units through stock exchange in Sundaram Select Micro Cap Series I Notice is hereby given that Trustee of Sundaram Mutual Fund has decided to offer a facility to the Investors for subscribing to the units of Sundaram Select Micro Cap Series I, during NFO period through the infrastructure of the MFSS / BSE STAR MF Platform introduced by NSE & BSE, respectively. 2

3 The investors will have the facility to subscribe to the units of the scheme during NFO period under the following Options Scheme Name Plan & Options ISIN Sundaram Select Micro Cap Series I Regular Plan Growth Option INF903J01YK6 Dividend Payout Option INF903J01YL4 B. Purchase/ Redemption of units of Sundaram Mutual Schemes through Stock Exchange Infrastructure Notice is hereby given to investors / unitholders that in addition to the schemes of Sundaram Mutual that are currently offered for subscription / redemption through Stock exchange infrastructure, units of the schemes given in the table below shall also be eligible for purchase (including SIP) / redemption through Mutual Fund Services System (MFSS) platform of National Stock Exchange of India Ltd (NSE) and BSE StAR MF platform of Bombay Stock Exchange Limited (BSE). Scheme Name - Plan Option ISIN Growth Option INF903J01EN2 Monthly Dividend Payout Option INF903J01EO0 Sundaram Ultra Short Term Fund Regular Plan Quarterly Dividend Payout Option INF903J01JQ4 Monthly Dividend Reinvestment Option INF903J01ES1 Quarterly Dividend Reinvestment Option INF903J01ET9 Bonus Option INF903J01MG9 Investors are requested to note that, the facility for transacting in mutual fund schemes through stock exchange infrastructure is available subject to such limits, operating guidelines, terms and conditions as may be prescribed by the respective stock exchange(s) from time to time. The Trustees reserves the right to change/modify the features of this facility at a later date. Addendum December 31, 2013 A. Revision in Exit Load NOTICE is hereby given that the Trustee to Sundaram Mutual Fund has approved the following changes to the schemes of Sundaram Mutual: Scheme Name Exit Load Current Exit Load Revised (w.e.f. January 01, 2014) 0.75% - If redeemed / switched out 0.75% - If redeemed / switched out within Sundaram Select Debt Short Term Asset Plan within 3 months from the date of allotment. 6 months from date of allotement NIL - If redeemed / switched out after 3 NIL - If redeemed / switched out after 6 months from the date of allotment. months from the date of allotment. The revised exit load will be applicable on a prospective basis to all investments made (including SIP / STP registrations) on or after January 01, B. Sundaram Interval Funds Modification to the Scheme Information Document (SID) / Key Information Memorandum (KIM) The following paragraph shall be inserted in the SID and KIM of all the Interval Funds of Sundaram Mutual: The AMC has been intimating in advance the Specified Transaction Period in two newspapers, as required, to enable the investors subscribe / redeem or switch-in from / switch-out to other schemes of Sundaram Mutual during this period. In case the investor does not exercise this facility, his investment will automatically be rolled over to the subsequent tenor of the respective scheme / plan. Addendum January 21, 2014 Introduction of Dividend Sweep Option in Sundaram Select Micro Cap Series III & Series IV, closed ended equity schemes NOTICE is hereby given that the Trustee of Sundaram Mutual have approved the introduction of Dividend Sweep option under the Regular and Direct plan of Sundaram Select Micro Cap Series III & Series IV By choosing the dividend sweep option, the investors can request that the dividend payable by the Scheme to them, if any subject to the availability of distributable surplus, can be used to purchase the units of Sundaram Money Fund - Growth Option. This option will be available only when the dividend amount payable to the investor s account on the Record Date in a folio is equal to or more than ` 1,000. The dividend so payable will be automatically swept into the Growth Option of Sundaram Money Fund at the applicable NAV. For the purpose of levy of exit load, the period shall be reckoned from the date of such allotment in Sundaram Money Fund. The sweep out date shall be deemed to be the dividend payment date. Where the dividend amount is less than ` 1,000/- it will be paid to the investor. All plans and options available for offer under each series of the scheme shall have a common portfolio. Dividend Sweep facility registered under Regular / Direct Plan of the scheme shall be processed, where applicable, under Regular / Direct Plan of Sundaram Money Fund respectively. Addendum January 24, 2014 A. Revision in Exit Load NOTICE is hereby given that the Trustee to Sundaram Mutual Fund has approved the following changes to the schemes of Sundaram Mutual: 3

4 Scheme Name Exit Load Current Exit Load Revised (w.e.f. February 03, 2014) Sundaram Growth Fund 1% - If redeemed / switched out within Sundaram Select Focus 12 months from the date of allotment. Nil Sundaram Financial Services NIL - If redeemed / switched out after Opportunities Fund 12 months from the date of allotment. The revision in exit load will be applicable on a prospective basis to all investments made (including SIP / STP registrations) on or after February 03, B. Changes in address of Customer Care Centers Limited as stated below, which are official points of acceptance of transactions for the Schemes of Sundaram Mutual Fund: Goa Shop no. F30,D block, 1st floor, 2nd Floor, Saldana Business Tower, Alfran plaza, Panaji, Goa Wing-A, 212, Near Mapusa Court, Mapusa, Goa C. Change in Directorships Mr. T. P. Raman (Director Company Ltd.) has been appointed as a Director in the Board of Charioteer I4L Private Limited. Addendum March 05, 2014 NOTICE is hereby given to all the unitholders of Sundaram Capex Opportunities Dividend Portfolio and Sundaram Capex Opportunities Growth Portfolio that the Trustee of Sundaram Mutual Fund ( Mutual Fund ) have, in terms of the enabling provisions of SEBI (Mutual Funds) Regulations, 1996 and circulars issued by SEBI thereunder, approved the merger of dividend portfolio of Sundaram Capex Opportunities with Growth portfolio and then convert the resultant portfolio ( Merged portfolio ) into a new thematic scheme named Sundaram Infrastructure Advantage Fund ( Resultant Scheme ) effective from 07-Apr-2014 ( Effective Date ). Communication about the proposed changes has been sent to the address of the unitholders registered with our Mutual Fund. The proposed changes constitute a change in the fundamental attributes of Sundaram Capex Opportunities (Growth and Dividend Portfolio) as per Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, Unit holders of Sundaram Capex Opportunities who are not in agreement with the proposed changes may redeem their units at applicable NAV or switch to other schemes of Sundaram Mutual Fund without payment of exit load between 06-Mar-2014 and 04-Apr-2014 (both days inclusive). If the unitholders do not exercise their option to exit or switch-out on or before 04-Apr-2014 (upto 3.00 p.m.), they shall be deemed to have consented to the proposed changes and will become unitholders of the resultant scheme from the Effective Date. Investors wishing to exit from Sundaram Capex Opportunities can submit redemption requests at any of the Official Point of Acceptance of Sundaram Mutual Fund on any business day during the exit period. The redemption requests received will be processed at NAV as on the date of receipt of request subject to applicable cut-off time. The redemption proceeds will be mailed / credited within 10 business days of receipt of valid redemption request. Unitholders may note that the offer to exit is merely an option and not compulsory. However, the exit option will not be available to those unitholders who have pledged their units and on which the Mutual Fund has marked a lien unless the release of pledge is obtained and communicated to the Mutual Fund / Registrar before applying for redemption. If not, such lien or encumbrance will continue on the units held under the resultant scheme. The requirement of minimum application amount for fresh and additional purchase of units shall not be applicable in respect of units allotted to the unitholders on account of the proposed merger. The allotment of units in the merged portfolio will be reckoned as redemption in Sundaram Capex Opportunities Dividend Portfolio and followed by a fresh purchase in the dividend option of the merged portfolio at the NAV of Sundaram Capex Opportunities Growth Option declared as on the close of business hours on 04-Apr There will be no change to the number of units held by unitholders of growth option (growth portfolio). Securities Transaction Tax arising out of the merger, if any, will be borne by Company Limited. The unitholders who have subscribed to growth and dividend options under Regular or Direct Plan of Sundaram Capex Opportunities will continue to have their units under the same plan(s) / option(s) of the merged portfolio. Unitholders may please note that applications for fresh purchases/additional purchase/ switch-in/fresh registration or renewal of SIP/STP/SWP shall not be accepted in Sundaram Capex Opportunities on and from 06-Mar Unitholders of the Sundaram Capex Opportunities who do not wish to continue their existing systematic transactions like Systematic Investment Plan, Systematic Transfer Plan, etc. post-merger under the resultant scheme are required to intimate Sundaram Mutual Fund in writing about their unwillingness to continue the said transactions/facilities before the Effective Date of proposed changes i.e., 07-Apr Where the investor has 4

5 not intimated to the Mutual Fund as specified, the systematic transactions will continue to be processed under the resultant scheme as per the existing mandate. Balances of unclaimed dividend and redemption amount lying in Sundaram Capex Opportunities shall stand transferred to and will be managed under the resultant scheme from the Effective Date. The date of allotment at the time of subscription in Sundaram Capex Opportunities before the merger under the respective plan(s) / option(s) shall be considered as the allotment date for the purposes of applicability of the exit load period at the time of redemption in Sundaram Infrastructure Advantage Fund. The Scheme Information Document & Key Information Memorandum of Sundaram Infrastructure Advantage Fund shall be made available with our Investor Service Centres (ISCs) and shall also be displayed on the website on the completion of duration of the exit option. Addendum March 11, 2014 NOTICE is hereby given that the following changes have been made to the Statement of Additional Information, Scheme Information Document / Key Information Memorandum of the schemes of Sundaram Mutual Fund: A. Key Personnel related changes Mr. Sunil Subramaniam, Director Sales & Global Operations has been appointed as a Deputy CEO of Company Limited. Mr. Sandeep Jain has been appointed as Research Analyst and is designated as a Key Personnel of the Company. Mr. P. S. Subramaniam, Research Analyst, who was designated as a Key Personnel, has resigned from the Company. B. Changes in addresses of Customer Care Center Limited as stated below, which are the official points of acceptance of transactions for the Schemes of Sundaram Mutual Fund: No 81,Trivandrum High Road, 1st Floor, Palayamkottai, No 985/1-C2, 1D, Indira Complex, South Bye Pass Road, Tirunelveli Tiruneveli Addendum March 12, 2014 NOTICE is hereby given to all the unitholders of Sundaram Energy Opportunities that the Trustee of Sundaram Mutual Fund ( Mutual Fund ) have, in terms of the enabling provisions of SEBI (Mutual Funds) Regulations, 1996 and circulars issued by SEBI thereunder, approved the merger of Sundaram Energy Opportunities ("Transferror Scheme") with Sundaram Infrastructure Advantage Fund (''Transferree Scheme") effective from 15-Apr-2014 ( Effective Date ). Communication about the proposed changes has been sent to the address of the unitholders registered with our Mutual Fund. Unitholders are requested to note that from the Effective Date, the Transferor Scheme shall cease to exist and that there will be no change in the fundamental attributes and features of the Transferee Scheme. Since the proposed merger is equivalent to change in the fundamental attributes of the Transferor Scheme as per Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996, unitholders of the Transferor Scheme who are not in agreement with the proposed merger are given an option to exit i.e. redeem their units or switch to other Schemes of Sundaram Mutual Fund available for subscription without payment of exit load between 13-Mar-2014 and 11-Apr-2014 (both days inclusive). Investors wishing to exit can submit redemption requests at any of the Official Points of Acceptance of Sundaram Mutual Fund on any business day during the exit period. The redemption requests received will be processed at NAV as on the date of receipt of request subject to applicable cut-off time. The redemption proceeds will be mailed / credited within 10 business days of receipt of valid redemption request. Unitholders of Sundaram Energy Opportunities may note that the offer to exit is merely an option and not compulsory. However, the exit option will not be available to those unitholders who have pledged their units and on which the Mutual Fund has marked a lien unless the release of pledge is obtained and communicated to the Mutual Fund / Registrar before applying for redemption. If not, such lien or encumbrance will continue on the units held under the Transferee Scheme. Unitholders of the Transferor Scheme who have not opted to exit or switch-out on or before 11-Apr-2014 (upto 3.00 p.m.) shall be deemed to have consented to the proposed merger and will be allotted units under the respective Plan(s) / Option(s) of the Transferee Scheme at the NAV declared as on the close of business hours on 11-Apr For example, units held by the investors of Regular Plan of Sundaram Energy Opportunities shall be transferred to Regular Plan of Sundaram Infrastructure Advantage Fund under dividend and growth option, respectively. Similarly units held by the investors of Direct Plan of Sundaram Energy Opportunities will be transferred to Direct Plan of Sundaram Infrastructure Advantage fund under dividend and growth option, respectively The requirement of minimum application amount for fresh and additional purchase of units shall not be applicable in respect of units allotted to the unitholders on account of the proposed merger. 5

6 The allotment of units in the Transferee Scheme consequent to merger shall be considered as redemption in the Transferor scheme and purchase in the Transferee scheme. However, the redemption of units from the Transferor Scheme on account of merger will not be subject to any Exit Load. Securities Transaction Tax arising out of the merger, if any, will be borne by Company Limited. Unitholders may please note that applications for fresh purchases/additional purchase/ switch-in/fresh registration or renewal of SIP/STP/SWP shall not be accepted in Transferor Scheme on and from 13-Mar Unitholders of the Transferor Scheme who do not wish to continue their existing systematic transactions like Systematic Investment Plan, Systematic Transfer Plan, etc. post-merger under the Transferee Scheme are required to intimate Sundaram Mutual Fund in writing about their unwillingness to continue the said transactions/facilities before the Effective Date of merger i.e., 15-Apr Where the investor has not intimated to the Mutual Fund as specified, the systematic transactions will continue to be processed under the Transferee Scheme as per the existing mandate. Balances of unclaimed dividend and redemption amount lying in Sundaram Energy Opportunities shall stand transferred to and will be managed under the Transferee Scheme from the Effective Date. The date of allotment at the time of subscription in Sundaram Energy Opportunities before the merger under the respective plan(s) / option(s) shall be considered as the allotment date for the purposes of applicability of the exit load period at the time of redemption in Sundaram Infrastructure Advantage Fund. The Scheme Information Document & Key Information Memorandum of Sundaram Infrastructure Advantage Fund shall be made available with our Investor Service Centres (ISCs) and shall also be displayed on the website All other terms and conditions of the Scheme Information Document(s)/Key Information Memorandum(s)/Statement of Additional Information will remain unchanged. This addendum shall form an integral part of the Scheme Information Document(s)/Key Information Memorandum(s)/Statement of Additional Information of the Scheme(s) of Sundaram Mutual Fund as amended from time to time. Statutory Details: Sundaram Mutual Fund has been set up as a Trust under Indian Trust Act, Sponsor: Sundaram Finance Ltd. Trustee: Sundaram Trustee Company Ltd. Investment Manager: Company Limited. The Sponsor is not responsible for any loss resulting from the operations of the Schemes beyond the contribution of Rs.1 lakh made towards setting up the Mutual Fund. Risk Factors: Mutual Funds, like securities investments, are subject to market risks and other risks and there can be no assurance that the scheme s objective will be achieved. As with any investment in securities, the NAV of units issued under the scheme can go up or down depending on factors and forces affecting capital markets. Past performance of the sponsor/amc/mutual fund does not indicate the future performance of the schemes. Investors in the schemes are not offered any guaranteed or assured rate of return. The names of the schemes do not in any manner indicate the quality of the schemes their future prospects or returns. For investment objective, asset allocation, exit load structure, scheme specific risk factors and other details, please refer the relevant Scheme Information Document (SID) and Key Information Memorandum cum Application Forms, which are available on the website. and at the ISCs/Distributors. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Applicable to all the addendums Book Post Place: Chennai For and on behalf of Board of Directors Company Ltd Sd/- P Sundararajan Secretary & Compliance Officer If undelivered please return to: Company Limited Sundaram Towers, II Floor, 46, Whites Road, Royapettah, Chennai