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Sundaram Mutual Fundwww.sundarammutual.com

Mutual Fund Sundaram Mutual Fund

Trustee Company Sundaram Trustee Company Limited

Asset Management Company Sundaram Asset Management Company Limited

Address Sundaram Towers, II Floor, 46, Whites Road, Chennai - 600 014. India

SCHEME INFORMATION DOCUMENT

Toll Free 1800 425 1000 SMS SFUND to 56767 E-mail [email protected]

Sundaram Equity MultiplierAn open-end equity scheme

Terms of offer: NAV

New Fund Offer Opened on 10-01-2007

New Fund Offer Closed on 31-01-2007

Scheme became Open-end from 22-02-2010

The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India(Mutual Funds) Regulations 1996 as amended till date and filed with Securities and Exchange Board of India alongwith a Due Diligence Certificate from Sundaram Asset Management Limited. The units being offered for publicsubscription have not been approved or recommended by SEBI; SEBI has also not certified the accuracy oradequacy of the Scheme Information Document.

The Scheme Information Document sets forth concisely the information about the Scheme that a prospective investor oughtto know before investing. Investors should also ascertain about any further changes to this document after the date of thisDocument from the Mutual Fund/Investor Service Centres/Distributors/Brokers or visit www.sundarammutual.com.

Investors are advised to refer to the Statement of Additional Information (SAI) for details of SundaramMutual Fund,tax and legal issues and general information. The Statement of Additional Information is available atwww.sundarammutual.com and www.amfiindia.com

Statement of Additional Information is incorporated by reference and is legally a part of the Scheme InformationDocument. For a free copy of the current Statement of Additional Information, please contact your nearest InvestorService Centre or visit www.sundarammutual.com.

The Scheme Information Document should be read in conjunction with the SAI and not in isolation.

This Scheme Information Document is dated DD/MM/YYYY.

Sundaram Mutual Fundwww.sundarammutual.com 2

Sundaram Equity Multiplier

Sponsor

Trustee

Sundaram Finance LimitedRegistered Office: 21, Patullos Road,Chennai 600 002Indiawww.sundaramfinance.in

Sundaram Trustee Company LimitedCorporate Office: Sundaram Towers, II Floor, 46 Whites Road, Chennai 600 014 IndiaPhone : 044 28583362 Fax : 044 28583156

Investment Manager

Sundaram Asset Management Company LimitedCorporate Office: Sundaram Towers, II Floor, 46 Whites Road, Chennai 600 014 IndiaPhone : 044 28583362 Fax : 044 28583156www.sundarammutual.com

If you wish to reach indicated telephone number from outside India, please use +91 or 0091 followed by 44 and the eight number.

Sponsor

The Sponsor of Sundaram Mutual Fund is SundaramFinance Limited. Sundaram Finance owns a 100% stake inSundaram Asset Management Company Limited andSundaram Trustee Company Limited. A detailedbackground of the sponsor-Sundaram Finance Limited-isavailable in the Statement of Additional Information, whichcan be accessed at www.sundarammutual.com.

Name of the Scheme

Sundaram Equity Multiplier.

Scheme Type (Fundamental Attribute)

An open-end equity scheme.

Offer Price

NAV.

Investment Objective (Fundamental Attribute)

The objective of the scheme would be to seek capitalappreciation by investing in equity & equity relatedinstruments.

No Guarantee: Investors are neither being offered anyguaranteed/indicated returns nor any guarantee onrepayment of capital by the Schemes. There is also noguarantee of capital or return either by the mutual fund orby the sponsor or by the Asset management Company.

Indicative Asset Allocation (Fundamental Attribute)

Scheme/Instrument % of the investible Riskfunds (indicative) profile

Equity & Equity Related Instruments(including investment in derivatives) 65%-100% High

Debt Securities including SecuritizedDebt*, Money Market Instruments 0%-35% Low to Medium

The Scheme may invest up to 35% of the net assets in overseas securities.

Pending deployment in terms of the investment objective,funds may be invested in short-term deposits withscheduled commercial banks in accordance withapplicable SEBI guidelines.Securitised debt up to a maximum of 30%. Exposure inderivative shall not exceed 50% of the net asset value ofthe Scheme at the time of transaction.Gross exposure in equity, derivatives and debt shall notexceed 100% of the net assets. Same security wise hedgeposition have not been considered in computing grossexposure.Exposures in overseas securities may be taken subject tothe applicable guidelines/policies of SEBI and RBI.

Changes in Investment Pattern: Subject to SEBIRegulations, the asset allocation pattern indicated abovemay change from time to time, keeping in view the market

conditions, market opportunities, applicable Regulationsand political & economic factors.

It must be clearly understood that the percentage statedabove are only indicative and not absolute. Theseproportions can vary substantially depending upon theperception of the Investment Manager; the intention beingat all times to seek to protect the interests of Unit Holders.Such changes in investment pattern will be for a short-termand for defensive consideration only.

Liquidity (Fundamental Attribute)

Purchase / Switch In: On any business day, at NAV.Redemption / Switch Out: On any business day at NAV,

subject to exit load, if any.The redemption proceeds shall be dispatched to the unitholders within 10 business days from the date ofredemption.

Benchmark

For Investments in Indian securities: S&P CNX 500 Index.The benchmark of the scheme is changed from CNX MidCap to S&P CNX 500 with effect from October 07, 2010.For Investment in overseas securities: MSCI EmergingMarkets IndexFor more details, please refer the segment on Benchmark.

Fund Managers

Satish Ramanathan

S Bharath, is the dedicated fund manager for investmentsin overseas securities.

The Trustee reserves the right to change the fundmanagers of the scheme.

Investment Strategy

The primary investment objective of the scheme is to seekcapital appreciation by investing in equity and equityrelated instruments.The key factors of the investment strategy of the schemewill be:• Owning a compact portfolio of stocks (up to 40 stocks;

at times, depending upon market conditions and at thediscretion of the discretion of the Investment Manager,the fund manager may be permitted to own a largernumber of stocks)

• Identifying attractive opportunities and takeconcentrated exposures

• Investing across all sectors in the economy• Emphasis on stock selection• Investing across market-cap category• Selecting stocks with an investment horizon of three to

five years• Active cash calls: The fund will have the flexibility to be

even up to 35% in cash, if market conditions warrant


Sundaram Equity MultiplierHighlights & Scheme Summary

such a stance in the view of the fund manager.Though every endeavor will be made to achieve theobjectives of the Scheme, the Investment Manager /Sponsor / Trustees do not guarantee that the investmentobjectives of the Scheme will be achieved. No guaranteedreturns are being offered under the Scheme.The Investment Manager will keep in mind the InvestmentObjective of the Scheme and the applicable Regulations.

Risk Factors

Potential investors should rely solely on the informationcontained in this Scheme Information Document. Theyshould read the risk factors presented in this documentthough the list is no way exhaustive. The Trustee acceptsno responsibility for any unauthorised information.

Summary of Indicative Scheme-Specific Risks

Non diversification & Lack of liquidity.Change in Government policy in general and changes intax benefits applicable to mutual funds may impact thereturns to Investors. Tax-free status for long-term capitalgains and dividend will depend on the fund investing atleast 65% in equity to qualify in accordance with provisionsof the Income-Tax Act. If and to the extent, the portfolioincludes overseas stocks, investors will be exposed tocountry risk, currency risk, geo-political risk, legalrestrictions and regulation changes in geography otherthan India, to name a few.

Dividend Policy

The Trustee Company reserves the right to distributedividend subject to availability of distributable surplus. Anydividend distribution and frequency of dividend distributionwill be entirely at the discretion of the trustee.

Transparency: NAV & Portfolio Disclosure

NAV will be determined and published on every businessday, except in special circumstances as mentioned underthe section titled as Net Asset Value, in Part III. TheInvestment Manager will send the NAV Information forpublication in two daily newspapers and update onInvestment Manager’s website(www.sundarammutual.com). The Investment Managershall also update the NAVs on the website of Association ofMutual Funds in India – AMFI www.amfiindia.com) before9.00 p.m. every business day. In case of any delay, thereasons for such delay would be explained to AMFI andSEBI by the next day. If the NAVs are not available beforecommencement of working hours on the following day dueto any reason, the Fund shall issue a press releaseproviding reasons and explaining when the Fund would beable to publish the NAVs.Further transparency will be maintained through half-yearlydisclosure of established portfolio through newsletters and

fact sheets on a monthly/quarterly basis.

Applicable NAV

• For subscription/redemption/switch request receivedbefore 3.00 pm on any business day, the closing NAV ofthe day of receipt of application.

• For subscription/redemption/switch request receivedafter 3.00 pm on any business day, the closing NAV ofnext business day after the receipt of application.

Options

Growth & Dividend (Pay Out, Sweep and Reinvestment).If investment option is not indicated the default option willbe Growth and under Dividend Option, if no sub option isindicated, the default sub option will be Dividend Sweep.

Load Structure

Entry Load: Nil. In accordance with SEBI Regulation, therewill be no entry load for investments in the Scheme. Thisshall apply to new investment in the Scheme, additionalpurchase, switch-in, systematic investment plan,systematic transfer plan, dividend re-invested, dividendsweep-in, bonus units and any other form of investment thatmay be introduced as a facility. The upfront commission todistributor (ARN holder) will be paid by the investor directlyto the distributor, based on his assessment of variousfactors including the service rendered by the distributor.The distributor (ARN holder) will disclose all thecommissions (in the form of trail commission or any othermode) payable to them for the different competing Schemeof various mutual funds from amongst which the Scheme isbeing recommended to the investor.

Exit Load: For redemption within 12 months from the dateof allotment - 1%.For redemption on or after 12 months from the date ofallotment - Nil.Load structure is indicated as a percentage of NAV.In accordance with SEBI Regulation, of the exit load /contingent deferred sales charge that is charged to theinvestor, a maximum of 1% of the redemption proceedsshall be maintained in a separate account to paycommissions to the distributor and for meeting othermarketing and selling expenses. Any amount in excess of1% of the redemption value charged to the unit holder asexit load / contingent deferred sales charge shall becredited to the respective Scheme immediately.

ApplicabilityBonus units and units issued on reinvestment of dividendshall not be subject to exit load.Prescribed exit load will be applicable for switch out andevery installment under a Systematic Investment Plan,Systematic Transfer Plan and Systematic Withdrawal Plan.The period indicated for exit load shall be reckoned from



the date of allotment.The Board of Trustee reserves the right to prescribe ormodify the exit load structure with prospective effect,subject to a maximum as prescribed under SEBIRegulation.

Details of the modifications will be communicated in thefollowing manner:

• Addendum detailing the changes will be attached orincorporated to the SID and Key InformationMemorandum. The addendum will become an integralpart of this Scheme information document.

• The change in exit load structure will be notified by asuitable display at the Corporate Office of the SundaramAsset Management and at the Investor Service Centresof the registrar.

• A public notice shall be given in one English dailynewspaper having nation-wide circulation as well as ina newspaper published in the language of region wherethe Head Office of the Mutual Fund is situated.

The addendum will also be sent along with the half-yearlyportfolio statement to the unit holders. Theintroduction/modification of exit load will be stamped on theacknowledgement slip issued to the investors onsubmission of an application form and will also bedisclosed in the account statement issued after theintroduction of such exit load.Investors are requested to ascertain the applicable exitload structure prior to investing.

Initial Issue Expenses

Not applicable as this document covers an existingScheme.

Annual Fee & Recurring Expenses (FundamentalAttribute)

Up to maximum of 2.50 per cent.

For details please refer Part IV of this document.

Minimum Investment Amount

First investment Rs 5,000 and multiples of Rs 1 thereafterand for additional purchase Rs 500 & multiples of Rs 1thereafter. In the case of purchases through SIP, theminimum installment amount shall be Rs 1000, Rs 750 andRs 250 respectively for weekly (processed onWednesday’s/next Business Day if Wednesday is not aBusiness Day), quarterly and monthly frequencyrespectively and in multiples of Rs 1 thereafter.

Minimum Redemption Limit

The minimum amount for redemption/switch out will be:

Rs.500 or 50 units or account balance, whichever is lower.• STP (Weekly-processed on Wednesday’s/next Business

Day if Wednesday is not a Business Day): Rs 1000 • STP(Monthly): Rs 250 • STP (Quarterly): Rs 750 and anyamount thereafter.Valuation of AssetsSecurities will be valued at the end of each business day inaccordance with SEBI Regulation outlined in the Statementof Additional Information available atwww.sundarammutual.com.

Illustrative List of Tax Implications

This summary of tax implications is based on the currentprovisions of the applicable tax laws. This information isprovided for general purpose only. In view of the individualnature of tax implications, investors are advised to refer theprovisions of the Income-Tax Act and/or consult theirinvestment/tax advisor with respect to the specific taximplications arising out of an investment in the Scheme.Unit holders should be aware that the relevant fiscal rulesand their interpretation might change. As is the case withany investment, there can be no guarantee that the taxposition or the proposed tax position prevailing at the timeof investment in the Scheme will endure indefinitely.• Income of Sundaram Mutual Fund: Exempt from tax.• Dividend Distribution: Tax free.• Long-term capital gains (units held for more than 12months qualify): Tax free.

• Short-term capital gains (units held for less than 12months qualify): 15%.

• Securities Transaction Tax: Payable at 0.25% on thevalue of units sold.

• Tax deduction at source: Not applicable for personsresident in India; TDS applies to redemption proceedspayable to NRIs/FIIs.

• In addition to income tax, surcharge on income tax andcess on total tax (income tax plus surcharge) will applyfor companies and cess on income tax will apply forothers, based on present provisions of the tax law. Therate applicable for surcharge now is 7.50% for Indiancompanies and 2.50% for foreign companies. Thissurcharge is payable if the total income exceeds Rs 1crore. A cess of 3% is payable on the total tax by alltaxpayers.

• No wealth tax is payable on the units of the scheme.• Units of the scheme are eligible mode of investment in

terms of the pattern of investment prescribed under theIncome Tax Act for• Charitable Trust• Scientific Research Associations• Institutions/Associations/Boards for regulating

games,sports and• Employee Welfare Trusts

Investors should also refer to the Statement of Additional



Information available at www.sundarammutual.com formore but not exhaustive detail.

Information Access

Investors may access NAV, performance charts, portfoliodetails, Scheme features, fact sheet, product note/guide,offer document, FAQs and anyrelevant Scheme-specific material onwww.sundarammutual.com.

Investor Relations Manager

Shalini Mohan RaoSundaram Asset ManagementII Floor, II Phase Sudarshan Building27, Whites Road, RoyapettahChennai - 600 014.Telephone: (044) 28578700Fax: (044) 28582200Email: [email protected]

Custodian

Standard Chartered Bank, Mumbai registered with SEBI,vide Registration No IN/CUS/006, has been appointedcustodian for the securities in the Scheme. Theresponsibilities of the custodian include:• to keep in safe custody all the securities and instruments

belonging to the Scheme;• to ensure smooth inflow/outflow of securities and

instruments as and when necessary in the best interestof the investors;

• to ensure that the benefits due on the holdings arereceived and

• to be responsible for the loss or damage to the securitiesdue to negligence on its part or on the part of itsapproved agents.

The Trustee reserves the right to appoint any othercustodian(s) approved by SEBI.

In addition a foreign custodian may also be appointed foroverseas securities/assets.

Fund Accountant:

Fund Accounting has been operationally outsourced toSundaram BNP Paribas Fund Services Limited (ErstwhileSecurities Services Limited). With effect from September 1,2009.

Sundaram BNP Paribas Fund Services LimitedRegistrar and Transfer AgentsSEBI Registration No. INR 000004066Unit: Sundaram Mutual FundCentral Processing Center, RR Towers IIIII Floor, Thiru Vi Ka Industrial Estate, GuindyChennai 600 032.Tel: 044 - 2250 4700

The activities inter-alia include:i. Record accounting entries to the fund.ii. Reconcile account balances for the fund.iii. Establish policies and procedures to assure proper

fund accounting.iv. Maintain proper documentation.v. Update computer system records.vi. Perform fund valuations of unit trusts and custodian

accounts.vii. Prepare schedules and tailor-made client reports.viii. Coordinate preparation of annual accounts and audit

unit trusts and custodian accounts.

However, the Fund administration part would continue tobe handled by the Operations Department of theInvestment Manager.

Registrar

Sundaram BNP Paribas Fund Services Limited,Registrar and Transfer Agents,SEBI Registration No. INR 000004066Unit: Sundaram Mutual Fund,Central Processing Center,RR Towers II, III Floor,Thiru Vi Ka Industrial Estate, Guindy,Chennai 600 032. Tel: 044 - 2250 4700

The Trustee reserves the right to appoint any other entityregistered with SEBI as the registrar.

Information to Unit Holders

(a) Accounts Statement for each transaction other thanSIP/STP/SWP will be sent by post (or e-mail at theoption of investor) within 10 business days. In the caseof SIP/STP/SWP the first Account Statement will beissued within 10 business days of the initial investmentand thereafter once within 10 business days of the endof the respective quarter. Soft copy of the accountstatement will be mailed to the investors on a monthlybasis, if so mandated.• If an applicant so desires, the Asset Management

Company shall issue the unit certificates/AccountStatement to the applicant within five working days ofthe receipt of request for the certificate.

• Investors holding their Units in depository mode(i.e. holding Units in electronic form in a depositoryaccount) will have the right to freely Transfer thewhole or part of such Units to another person’sdemat account. The Transfer will be given effect toby the Depository Participant. For this purpose theInvestor must comply with the Rules/ formalitiesprescribed by the Depository Participant(s).

(b)The portfolio of the Scheme as of March 31 andSeptember 30 of every year will be published in theSEBI prescribed format before the expiry of one month



from the close of each half year in one national Englishdaily newspaper and in a Tamil newspaper publishedfrom Chennai or sent to all the unit holders. Theportfolio shall be displayed atwww.sundarammutual.com.

(c) An abridged Scheme-wise annual report shall be e-mailed to all unit holders within four months from thedate of closure of the relevant accounting year; unitholders who have not provided an email address shallreceive a copy by post. The Scheme-wise abridgedannual reports will also be available atwww.sundarammutual.com.

Table of Contents

Summary of comparable schemes 7Part I Risk Factors 8Definitions 13Abbreviations & Interpretation/Due Diligence 14Part II Information about the Scheme 15Part III Units & Offer 26Part IV Fees, Expenses, Load Structure 37Part V Rights of Unit Holders 38Part VI Penalties & Pending Litigation 38Centres of the Registrar & Transfer Agent 39Branches of Sundaram Asset Management 40



Investment Objective

Sundaram Equity Multiplier: The objective of the schemewould be to seek capital appreciation by investing in equity &equity related instruments.

Sundaram Select Mid Cap: The objective of the scheme is toachieve capital appreciation by investing in diversified stocksthat are generally termed as mid-caps.

Sundaram S.M.I.L.E (Small and Medium Indian LeadingEquities Fund): To primarily achieve capital appreciation byinvesting in diversified stocks that are generally termed assmall and mid-caps and by investing in other equities.

Sundaram Select Small Cap: The primary investmentobjective of the scheme is to generate consistent long-termreturns by investing predominantly in equity/equity relatedinstruments of companies that can be termed as "smallcaps".(This is a close-end equity scheme)

Normal Indicative Asset Allocation

Sundaram Equity Multiplier: • Equity & equity-relatedInstruments (including investment in derivatives): 65%-100%• Debt instruments including securitised debt & MoneyMarket Instruments: up to 35% (securitised debt up to a

maximum of 30%) • Exposure in derivative shall not exceed50% of the net assets of the scheme.

Sundaram Select Mid Cap: • Equity and equity-relatedinstruments (including investment in derivatives): 75%-100%• Cash, cash equivalents, money market instruments: notexceeding 25% • Exposure in derivative shall not exceed50% of the net assets of the scheme • The Scheme mayinvest up to 35% of the net assets in overseas securities.

Sundaram S.M.I.L.E (Small and Medium Indian LeadingEquities Fund): • Equity instruments – small-cap and mid-capstocks (including investments in derivatives): At least 65% •Other Equities (including investment in derivatives): Notexceeding 35% • Money market instruments: Not exceeding15% • Exposure in derivative shall not exceed 50% of the netassets of the scheme • The Scheme may invest up to 35% ofthe net assets in overseas securities.

Sundaram Select Small Cap: • Equity & Equity relatedsecurities of companies of small caps 65%-100% • OtherEquities 0%-35% • Fixed Income and money marketsecurities 0%-35%. • Exposure in derivative shall not exceed50% of the net assets of the scheme • The Scheme mayinvest up to 35% of the net assets in overseas securities.

Track Record

Fund/Benchmark Returns (in %) Folios AUMInception One year Three years Five years Since Inception # (Rs. crore)

Past performance may or may not be sustained in the future; Returns in %. Returns computed on compounded annualised basis based on the NAV of Regular Plan -Growth option. Performance, Folios & AUM as on October 31, 2010; Relevant benchmarks highlighted in italics.

Sundaram Equity Multiplier Feb-07 25.4 -2.0 — 12.4 68,805 355CNX Mid Cap Index 42.3 7.9 — 18.3Sundaram Select Mid Cap Jul-02 44.6 10.6 28.8 40.9 3,30,067 2,467BSE Mid Cap Index 38.0 0.7 17.1 29.7Sundaram SMILE Fund Feb-05 30.6 8.6 24.8 25.9 1,25,177 792CNX Mid Cap Index 42.3 7.9 21.9 22.2Sundaram Select Small Cap Feb-07 44.3 6.7 — 11.3 68,610 398BSE Small Cap Index 50.1 2.7 — 11.2

Investment Objective & Asset Allocation of existing comparable equity Schemes of Sundaram Mutual Fund

Differentiating aspect of Sundaram Equity Multiplier: This fund is an aggressive go-anywhere fund in terms of the capcurve and sector preferences depending on the view of the fund manager and the Investment Manager. The fund shallown no more than 40 stocks. The portfolio may be concentrated or diversified depending on the macro environment andopportunities.

Standard Risk Factors:

• Investment in Mutual Fund Units involves investmentrisks such as trading volumes, settlement risk, liquidityrisk, default risk including the possible loss ofprincipal.

• As the price / value / interest rates of the securities inwhich the Scheme invests fluctuates, the value of yourinvestment in the Scheme may go up or down.

• Past performance of the Sponsor/InvestmentManager/Mutual Fund does not guarantee futureperformance of the Scheme.

• The names of each Scheme does not in any mannerindicate either the quality of the Scheme or its futureprospects and returns.

• The sponsor is not responsible or liable for any lossresulting from the operation of the Scheme beyond theinitial contribution of Rs 1 lakh towards setting up theFund.

• The Scheme is not a guaranteed or assured returnScheme.

Summary of Indicative Scheme-Specific Risks

Non diversification & Lack of liquidity.Change in Government policy in general and changes intax benefits applicable to mutual funds may impact thereturns to Investors. Tax-free status for long-term capitalgains and dividend will depend on the fund investing atleast 65% in equity to qualify in accordance with provisionsof the Income-Tax Act. If and to the extent, the portfolioincludes overseas stocks, investors will be exposed tocountry risk, currency risk, geo-political risk, legalrestrictions and regulation changes in geography otherthan India, to name a few.

General Risk Factors

• Mutual Funds and securities investments are subjectto market risks and there is no assurance or guaranteethat the objectives of the Scheme will be achieved.

• The main types of risks to which the Scheme areexposed are risk of capital loss, market risk, currencyrisk, liquidity risk, credit risk, counter party default risk,to name a few.

• As with any investment in securities, the NAV of theUnits issued under the Scheme can go up or downdepending on the factors and forces affecting thecapital markets.

• The NAV may be affected by factors such as marketconditions, level of interest rates, market-relatedfactors, trading volumes, settlement periods, transferprocedures, price/interest rate risk, credit risk,government policy, volatility and liquidity in markets,exchange rate, geo-political development, to name afew.

• Trading volumes in the securities in which the Schememay invest inherently restrict the liquidity of the

Scheme’s investments.• Change in Government policy in general and changes

in tax benefits applicable to mutual funds may impactthe returns to Investors in the Scheme.

• The tax benefits available under the Scheme are asavailable under the present taxation laws and subjectto relevant conditions. The information given isincluded for general purposes only and is based onadvice that the Investment Manager has receivedregarding the law and the practice that is now in forcein India.

• Unit holders should be aware that the relevant fiscalrules and their interpretation might change. As is thecase with any investment, there can be no guaranteethat the tax position or the proposed tax positionprevailing at the time of investment in the Scheme willendure indefinitely. In view of the individual nature oftax consequences, each Investor/Unit holder isadvised to consult his/her own professional taxadvisor.

• The Investment Manager has the right to limitredemptions, under certain circumstances. Pleaseread the Section of the Scheme Information Documenttitled ‘Right to Limit Redemption.

• Investors/unit holders are also urged to read thedetailed clause(s) titled ‘Special considerations’.

This is only an illustrative list and not an exhaustive list offactors that could affect the NAV of the Scheme. Investorsshould read the risk factors presented in this documentthough the list is no way exhaustive. Potential investorsshould rely solely on the information contained in thisScheme Information Document and are advised to consulttheir investment advisors before taking investmentdecisions.

Risk of Capital Loss

The Net Asset Value (NAV) of the Scheme is exposed tomarket fluctuations, and its value can go up as well asdown. Investors may lose their entire principal.

Risk Factors - Equity Markets

• Stock Market Volatility: Stock markets are volatile andcan decline significantly in response to adverseissuer, political, regulatory, market, or economicdevelopments. Different parts of the market can reactdifferently to these developments. The stock-specificvolatility may also change over a period of time as thecharacteristic of the stock undergoes a change interms of market-cap category.

• Equity Price Risk: Stock prices may rise or declinebased on a number of factors. These could be acombination of company-specific and system-specificfactors. Their impact on different types of stocks mayvary. Prices change due to events that impact entire


Sundaram Equity MultiplierPart I Risk Factors

financial markets or industries (for example, changesin inflation, consumer demand, supply situation andGDP growth). Company-specific factors may includethe likes of success or failure of a new product,mergers, takeovers, earnings announcement andchanges in management, to name a few. Securitiesowned by the Scheme may offer opportunities forgrowth because of high potential earnings growth;they may also involve greater risks than securities thatdo not have the same potential.

• Dependency Risk: The Scheme may invest in stocksand mutual funds and exchange-traded funds linkedto stocks. Equity confers a proportionate share of theownership of a company. Its value will depend on thesuccess of the company’s business, income paid tostockholders by way of dividend, the value of thecompany’s assets, quality of its corporate governancepractice, its attractiveness relative to peers andgeneral market conditions. The fund may also investin convertible securities and warrants. Convertiblesecurities generally are fixed-income securities orpreference shares that may be converted intocommon stock after a prescribed period.

• Temporary Investment Risk: If the fund manager is ofthe view that market or economic conditions maybecome unfavourable for investors in equities, he mayinvest a higher proportion of the fund’s assets in highquality short-term and medium-term fixed incomeinstruments as well as near-cash equivalents. Thismay be a defensive and temporary strategy. The fundmanager may also adopt such a strategy whilezeroing in on appropriate investment opportunities orto maintain liquidity. At times, such investments maylead to lower returns. In these circumstances, theScheme may be unable to achieve its investmentgoal.

• Non-diversification Risk: The Scheme may pursueonly a limited degree of diversification. It may invest agreater proportion of assets in the securities of oneissuer (within the limit permitted by Regulation) ascompared to a diversified fund. This could haveimplications for the performance of the Scheme. TheScheme may be more sensitive to economic,business, political or other changes and this may leadto sizeable fluctuation in the Net Asset Value of theScheme.

• Asset-Class Risk: Stocks have historically outpacedother asset classes such as gold, fixed deposits andbonds, to name a few, over the long-term in India.Individual stocks prices may, however, tend to riseand decline in a dramatic manner. Such pricemovement may be due to company-specific aspectsor factors such as inflation, interest rates and growth

rates that affect the securities market in entirety. Aslowdown in growth or a partial or full-blown recessionmay have a negative impact on prices of most stocksowned by the Scheme.

Risk Factors - Debt Markets

• Interest Rate Risk: Changes in the prevailing rates ofinterest may affect the value of the Scheme’s holdingsand consequently the value of the Scheme’s Units.Increased rates of interest, which frequently accompanyinflation and /or a growing economy, may have anegative effect on the value of the Units. The value ofdebt securities held by the Scheme generally will varyinversely with the changes in prevailing interest rates.While it is the intent of the fund manager to investprimarily in high rated debt securities, the Scheme mayfrom time to time invest in higher yielding, low ratedsecurities. As a result, an investment in the Scheme maybe accompanied by a higher degree of risk relative toan investment consisting exclusively of high rated, loweryielding securities.

• Credit Risk: Credit Risk refers to the risk of failure ofinterest (coupon) payment and /or principal repayment.All debt instruments carry this risk. Governmentsecurities carry sovereign credit risk. The assets of theScheme may be partly invested in fixed incomesecurities issued by a corporate entity, bank, financialinstitution and/or a public sector undertaking owned bythe Government of India or by a government in any state.The credit risk associated with the aforementionedissuers of debt is higher than that of governmentsecurities.

• Price Risk: As long as the Scheme remains invested, itsNet Asset Value (NAV) would be exposed to marketfluctuations, and its value can go up as well as down.The portfolio of fixed-income securities that the Schemeinvests in would be exposed to price changes on a day-to-day basis.

• These price changes may occur due to instrument-specific factors as well as general macroeconomicconditions. In general, price of fixed-income securitiesgo up when interest rates fall, and vice versa.

• Market Risk: The Scheme may also be subject to pricevolatility due to such factors as interest sensitivity, marketperception or the creditworthiness of the issuer andgeneral market liquidity.

• Liquidity Risk: A lower level of liquidity affecting anindividual security (ies) or an entire market may have anadverse bearing on the value of the Scheme’s assets.This may more importantly affect its ability to sellparticular securities with minimal impact cost as andwhen necessary to meet requirement of liquidity or to sellstocks in response to triggers such as a specificeconomic/corporate event. Trading volumes, settlement



periods and transfer procedures may restrict the liquidityof a few of the investments.

• Risk relating to investment pattern: Different types ofsecurities in which the Scheme would invest as given inthe Scheme Information Document carry different levelsand types of risk. Accordingly the Scheme's risk mayincrease or decrease depending upon its investmentpattern. e.g. corporate debt carry credit risk unlikeGovernment securities. Further even among corporatedebt, AAA rated debt is comparatively less risky (incredit risk terms) than those rated lower (say AA or A).

• Risks relating to duration: Fixed Income securities of anyissuer that has higher duration could be more risky interms of price movements relative to those with lowerduration. Thus any impact of interest rate changes wouldbe higher on securities with higher duration irrespectiveof the status of the issuer of the security.

• Limited Liquidity & Price Risk: Presently, secondarymarket for securitised papers is not very liquid. There isno assurance that a deep secondary market will developfor such securities. This could limit the ability of theinvestor to resell them. Even if a secondary marketdevelops and sales were to take place, these secondarytransactions may be at a discount to the initial issueprice due to changes in the interest rate structure.

• Limited Recourse, Delinquency and Credit Risk:Securitised transactions are normally backed by a poolof receivables and credit enhancement as stipulated bythe rating agency, which differ from issue to issue. TheCredit Enhancement stipulated represents a limited losscover to the Investors. These Certificates represent anundivided beneficial interest in the underlyingreceivables and there is no obligation of either the Issueror the Seller or the originator, or the parent or any affiliateof the Seller, Issuer and Originator. No financial recourseis available to the Certificate Holders against theInvestors’ Representative. Delinquencies and creditlosses may cause depletion of the amount availableunder the Credit Enhancement and thereby the InvestorPayouts may get affected if the amount available in theCredit Enhancement facility is not enough to cover theshortfall. On persistent default of an Obligor to repay hisobligation, the servicer may repossess and sell theunderlying Asset. However many factors may affect,delay or prevent the repossession of such Asset or thelength of time required to realize the sale proceeds onsuch sales. In addition, the price at which such Assetmay be sold may be lower than the amount due from thatObligor.

• Risks due to possible prepayments: Weighted Tenor /Yield: Asset securitisation is a process wherebycommercial or consumer credits are packaged and soldin the form of financial instruments Full prepayment of

underlying loan contract may arise under any of thefollowing circumstances;• Obligor pays the Receivable due from him at any time

prior to the scheduled maturity date of thatReceivable; or

• Receivable is required to be repurchased by theSeller consequent to its inability to rectify a materialmisrepresentation with respect to that Receivable; or

• The servicer recognizing a contract as a defaultedcontract and hence repossessing the underlyingAsset and selling the same.In the event of prepayments, investors may beexposed to changes in tenor and yield.

• Bankruptcy of the Originator or Seller: If originatorbecomes subject to bankruptcy proceedings and thecourt in the bankruptcy proceedings concludes that thesale from originator to Trust was not a sale then anInvestor could experience losses or delays in thepayments due. All possible care is generally taken instructuring the transaction so as to minimize the risk ofthe sale to Trust not being construed as a “True Sale”.Legal opinion is normally obtained to the effect that theassignment of Receivables to Trust in trust for and for thebenefit of the Investors, as envisaged herein, wouldconstitute a true sale.

• Bankruptcy of the Investor’s Agent: If the Investor’sagent, becomes subject to bankruptcy proceedings andthe court in the bankruptcy proceedings concludes thatthe recourse of Investor’s Agent to the assets /receivables is not in its capacity as agent / Trustee but inits personal capacity, then an Investor could experiencelosses or delays in the payments due under the swapagreement. All possible care is normally taken instructuring the transaction and drafting the underlyingdocuments so as to provide that the assets/receivablesif and when held by Investor’s Agent is held as agentand in Trust for the Investors and shall not form part ofthe personal assets of Investor’s Agent. Legal opinion isnormally obtained to the effect that the Investors Agent’srecourse to assets/ receivables is restricted in itscapacity as agent and trustee and not in its personalcapacity.

• Credit Rating of the Transaction / Certificate: The creditrating is not a recommendation to purchase, hold or sellthe Certificate in as much as the ratings do not commenton the market price of the Certificate or its suitability to aparticular investor. There is no assurance by the ratingagency either that the rating will remain at the same levelfor any given period of time or that the rating will not belowered or withdrawn entirely by the rating agency.

• Risk of Co-mingling: The servicer normally deposit allpayments received from the Obligors into the CollectionAccount. However, there could be a time gap between



collection by a servicer and depositing the same into theCollection account especially considering that some ofthe collections may be in the form of cash. In this interimperiod, collections from the Loan Agreements may notbe segregated from other funds of the servicer. If theservicer fails to remit such funds due to Investors, theInvestors may be exposed to a potential loss. Due careis normally taken to ensure that the servicer enjoyshighest credit rating on stand alone basis to minimizeCo-mingling risk.

Risk Factors - Overseas Investments

As the Scheme will invest in global markets; investors willbe exposed to several risk factors that are not relevant forthe Scheme that invests in Indian securities. A few types ofrisks are:• Foreign Exposure and Currency Risk: The Scheme

may invest in overseas securities that are issued andtraded in foreign currencies. As a result, their valuesmay be affected by changes in exchange ratesbetween foreign currencies and the Indian Rupee aswell as between currencies of countries other thanIndia. Restrictions on currency trading that may beimposed will have an adverse effect on the value ofthe securities of companies that trade or operate insuch countries.

• Country Risk: This refers to inability of a country tomeet its financial obligations for economical, politicalor geo-political reasons. The degree of this risk mayvary from country to country.

• Event Risk: Diplomatic and political developments,including rapid and adverse political changes, socialinstability, regional conflicts, terrorism and war, couldaffect the economies, industries and securities andcurrency markets, and the value of the Scheme’sinvestments. These factors are extremely difficult, ifnot impossible, to predict and take into account withrespect to the Scheme’s investments.

• Restrictions imposed overseas: Changes in localregulation can affect the local financial markets andrestrictions on investment by overseas investors beimposed; introduction of exchange controls andimmobilisation of foreigner financial assets can occurIn contrast, an improvement in country risk rating maytake a substantially longer period.

• Emerging Markets Risk: Emerging market countriesinclude those currently considered to be developingby the World Bank, the International FinanceCorporation, the United Nations, the countries’authorities or countries that are treated as emergingmarkets by index service providers at the global level.These countries typically are located in the Asia-Pacific region, Eastern Europe, Central and SouthAmerica and Africa. Emerging markets are

comparatively smaller than developed markets. Theyare characterised by high degree of market-price andcurrency volatility and declines of more than 50% arenot unusual. Markets that are generally considered tobe liquid may become illiquid for short or extendedperiods.

• Regulation-Change Risk: If the Government of India,RBI and/or SEBI decide to alter the regulatoryframework for investment in overseas financial assetsby mutual funds, it may have an impact on theScheme’s ability to adhere to the investment objective.If and when such an eventuality materialises, theTrustee reserves the right to alter the investmentobjective of the Scheme or wind up the Scheme.

Risk Factors - ADR/GDR

• Currency risk in case the rupee appreciates againstthe currency in which the security is issued.

• In the case of GDRs, liquidity may be poor anddependent on the market-makers.

• In case of ADRs, liquidity may be more than in thecase of GDRs and lower than in the underlying stocklisted in India (NSE and/or BSE), as ADRs are usuallylisted either on the NYSE or Nasdaq.

ADRs/GDRs cannot be held in the name of the MutualFund; they have to be held in the name of a custodian(usually domiciled outside India).

Risk Factors - Derivatives

• Counter Party Risk: This is the risk of default ofobligations by the counter party.

• Market risk: Derivatives carry the risk of adversechanges in the market price.

• Illiquidity risk: The risk that a derivative cannot be sold orpurchased quickly enough at a fair price, due to lack ofliquidity in the market.

• Basis Risk: the risk that the movements in swap ratesdoes not actually reflect the expected movement inbenchmark rates, thus, creating a mismatch with whatwas intended.

The guidelines issued by Reserve Bank of India from timeto time for forward rate agreements, interest rate swaps,futures and other derivative products would be adhered to.The Scheme may also use various derivative and hedgingproducts from time to time, as would be available andpermitted by SEBI/RBI, in an attempt to protect the value ofthe portfolio.As and when the Scheme trades in the derivatives marketthere are risk factors and issues concerning the use ofderivatives that investors should understand.Derivative products are specialised instruments that requireinvestment techniques and risk analysis. The use of aderivative requires an understanding not only of theunderlying instrument but also of the derivative itself.



Derivatives require the maintenance of adequate controlsto monitor the transactions entered into, the ability toassess the risk that a derivative adds to the portfolio andthe ability to forecast price or interest rate movementscorrectly. There is the possibility that a loss may besustained by the portfolio as a result of the failure of anotherparty (usually referred to as the "counter party") to complywith the terms of the derivatives contract. Other risks inusing derivatives include the risk of mispricing or impropervaluation of derivatives and the inability of derivatives tocorrelate perfectly with underlying assets, rates andindices. Thus, derivatives are highly leveraged instruments.Even a small price movement in the underlying instrumentcould have a large impact on their value. Also, the marketfor derivative instruments is nascent in India.The Scheme may use techniques such as interest rateswaps, options on interest rates, futures, warrants, forwardrate agreement and other derivative instruments that are /may be permitted under SEBI/RBI Regulation. Thesetechniques and instruments, if imperfectly used, have therisk of the Scheme incurring losses due to mismatches,particularly in a volatile market. The Scheme ability to usethese techniques may be limited by market conditions,regulatory limits and tax considerations (if any).Derivative products are leveraged instruments and canprovide disproportionate gains as well as disproportionatelosses to the investor. Execution of such strategiesdepends upon the ability of the fund manager to identifysuch opportunities. Identification and execution of thestrategies to be pursued by the fund manager involveuncertainty and decision of the fund manager may notalways be profitable. No assurance can be given that thefund manager will be able to identify or execute suchstrategies.The risks associated with the use of derivatives are differentfrom or possibly greater than, the risks associated withinvesting directly in securities and other traditionalinvestments.

Minimum Number of Investors & Single-Investor Limit

As per SEBI Regulations, the Scheme shall have aminimum of 20 investors and no single investor shallaccount for more than 25% of the corpus of the Scheme ineach calender quarter on an average basis. In case theScheme does not have a minimum of 20 investors in thestipulated period, the provisions of Regulation 39(2)(c) ofthe SEBI (MF) Regulation would become applicableautomatically without any reference from SEBI andaccordingly the Scheme shall be wound up and the unitswould be redeemed at applicable NAV. The two conditionsmentioned above shall also be complied within eachsubsequent calendar quarter thereafter, on an averagebasis, as specified by SEBI. If there is a breach of the 25%limit by any investor over the quarter, a rebalancing period

of one month would be allowed and thereafter the investorwho is in breach of the rule shall be given 15 days noticeto redeem his exposure over the 25% limit. Failure on thepart of the said investor to redeem his exposure over the25% limit within the aforesaid 15 days would lead toautomatic redemption by the Mutual Fund on theapplicable Net Asset Value on the 15th day of the noticeperiod. The Fund shall adhere to the requirementsprescribed by SEBI from time to time in this regard.

Special Considerations

Prospective investors should review / study this SchemeInformation Document carefully and in its entirety and shallnot construe the contents hereof or regard the summariescontained herein as advice relating to legal, taxation, orfinancial/ investment matters and are advised to consulttheir own professional advisor(s) as to the legal or any otherrequirements or restrictions relating to the subscription,gifting, acquisition, holding, disposal (sale, transfer, switchor redemption or conversion into money) of units and to thetreatment of income (if any), capitalisation, capital gains,any distribution, and other tax consequences relevant totheir subscription, acquisition, holding, capitalisation,disposal (sale, transfer, switch or redemption or conversioninto money) of units within their jurisdiction / of nationality,residence, domicile etc. or under the laws of anyjurisdiction to which they or any managed Scheme to beused to purchase/gift units are subject, and (also) todetermine possible legal, tax, financial or otherconsequences of subscribing / gifting to, purchasing orholding units before making an application for units.Neither this Scheme Information Document nor the unitshave been registered in any jurisdiction. The distribution ofthis Scheme Information Document in certain jurisdictionsmay be restricted or subject to registration requirementsand, accordingly, persons who come into possession ofthis Scheme Information Document in certain jurisdictionsare required to inform themselves about, and to observe,any such restrictions. No person receiving a copy of thisScheme Information Document or any accompanyingapplication form in such jurisdiction may treat this SchemeInformation Document or such application form asconstituting an invitation to them to subscribe for units, norshould they in any event use any such application form,unless in the relevant jurisdiction such an invitation couldlawfully be made to them and such application form couldlawfully be used without compliance with any registration orother legal requirements. Neither the delivery of thisScheme Information Document nor any sale madehereunder shall, under any circumstances, create anyimplication that the information contained herein is correct.



In this document, the following words and expressions shallhave the meaning specified herein, unless the contextotherwise requires:

Applicable NAV: The NAV applicable for purchase orredemption or

switching based on the time of the business day on whichthe application is received, as detailed below:

• For subscription/redemption/switch request receivedbefore 3.00 P M on any business day, the closing NAV ofthe day of receipt of application.

• For subscription/redemption/switch request receivedafter 3.00 pm on any business day, the closing NAV ofnext business day after the receipt of application. Thisprocess will be followed under normal circumstances.

For subscription the applicable NAV will be as indicatedonly for local cheque or demand draft payable at par in theplace of receipt. If the application for subscription isaccompanied by an outstation cheque or demand draft notpayable at par in the place of receipt, closing NAV of theday on which the cheque or demand draft is credited willbe the applicable NAV. Switch-in shall be treated assubscription request. Switch-out shall be treated asredemption request.

Benchmark: The index for evaluating the performance ofthe Scheme.

Business Day

A day other than

• A Saturday;

• A Sunday;

• A day on which there is no RBI clearing/settlement ofsecurities;

• A day on which the Reserve Bank of India and/or banksin Mumbai are closed for business/clearing;

• A day on which the Stock Exchange, Mumbai or NationalStock Exchange of India or RBI and/or banks are closed;

• A day which is a public and/or bank holiday at aninvestor centre where the application is received;

• A day on which sale/redemption/switch of units issuspended by the Investment Manager / Trustee;

• A day which falls within a book closure periodannounced by the Trustee / Investment Manager and

• A day on which normal business cannot be transacteddue to storms, floods, bandh, strikes or such otherevents as the Investment Manager may specify fromtime to time.

The Investment Manager reserves the right to declare any

day as a business day or otherwise at any or all branches

/ Investor Service Centres.

Custodian: A person who has been granted a certificate of

registration to carry on the business of custodian of

securities under the Securities and Exchange Board of

India (Custodian of Securities) Regulation, 1996 and

includes any entity appointed to act as custodian in respect

of foreign securities (including approved banks).

Investment Management Agreement: Investment

Management Agreement dated August 24, 1996, executed

between the Trustee and the Investment Manager as

amended from time to time.

Investment Manager: Sundaram Asset Management

Company Limited incorporated under the provisions of the

Companies Act, 1956 and approved by the Securities and

Exchange Board of India to act as the Investment Manager

for the Schemes of Sundaram Mutual Fund. AMC is also

called as Investment Manager alternatively.

Investor Service Centres or Official Points of acceptance of

transactions: Designated branches of Sundaram Asset

Management Limited or such other centres/offices as may

be designated by the Investment Manager or its registrars

from time to time.

Mutual Fund or the Fund: Sundaram Mutual Fund, a trust

set up under the provisions of the Indian Trust Act, and

registered with SEBI vide Registration No.MF/034/97/2.

NAV: The Net Asset Value per unit of the Scheme,

calculated in the manner provided in the Scheme

Information Document, as may be prescribed by SEBI

Regulation from time to time.

Regulations: Securities and Exchange Board of India

(Mutual Funds) Regulation 1996 as amended from time to

time.

Trustee: Sundaram Trustee Company Limited, as

incorporated under the Provisions of the Companies Act,

1996, and approved by SEBI to act as Trustee to the

Scheme of Sundaram Mutual Fund.

Trust Deed: The Trust Deed dated March 31st 2006 (as

amended from time to time) establishing the Mutual Fund.

Unit Holder: The term unit holder and investor has been

used interchangeably in this document.


Sundaram Equity MultiplierDefinition

Definition

AbbreviationIn this document, an investor may find the following abbreviations.

AMC Asset Management CompanyAMFI Association of Mutual Funds in IndiaAML Anti-Money LaunderingAUM Assets Under ManagementBSE Bombay Stock Exchange LimitedCAMS Computer Age Management Services Private LimitedCBLO Collateralised Borrowing and Lending ObligationCDSC Contingent Deferred Sales ChargeECS Electronic Clearing SystemEFT Electronic Funds TransferFII Foreign Institutional InvestorFRA Forward Rate AgreementHUF Hindu Undivided FamilyIMA Investment Management AgreementIRS Interest Rate SwapISC Investor Service CentreKIM Key Information MemorandumKYC Know Your CustomerNAV Net Asset ValueNRI Non-Resident IndianNSE National Stock Exchange of India LimitedPAN Permanent Account NumberPIO Person of Indian OriginPMLA Prevention of Money Laundering Act, 2002POS Points of ServiceRBI Reserve Bank of IndiaRTGS Real Time Gross SettlementSAI Statement of Additional InformationSEBI Securities and Exchange Board of IndiaSEBI Act Securities and Exchange Board of India Act, 1992SEFT Special Electronic Funds TransferSI Standing InstructionsSID Scheme Information DocumentSIP Systematic Investment PlanSTP Systematic Transfer PlanSWP Systematic Withdrawal Plan


Sundaram Equity MultiplierAbbreviation & Interpretation

Due Diligence by Sundaram Asset Management Company LimitedIt is confirmed that:• The Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Funds) Regulation, 1996

and the guidelines and directives issued by SEBI from time to time.• All legal requirements connected with the launch of the Scheme as also the guidelines, and instructions issued by the

Government of India and any other competent authority in this behalf, have been duly complied.• The disclosures made in this Scheme Information Document are true, fair and adequate to enable the investors to make

a well-informed decision regarding an investment in the Scheme.• The intermediaries named in this Scheme Information Document and the Statement of Additional Information are

registered with SEBI and the registration is valid as on date.This Scheme Information Document was originally approved by the Trustee of Sundaram Mutual Fund vide resolution dated25/06/2010 and this is an updated version of the same. The aforesaid Due Diligence Certificate was submitted to theSecurities and Exchange Board of India.Chennai P SundararajanDD/MM/YYYY Head-Compliance & Company Secretary

Interpretation

The words and expressions used in this documentand not defined shall have the meaningsrespectively assigned to them therein under theSEBI Act or the SEBI Regulation.

For the purpose of this document, except asotherwise expressly provided or unless the contextotherwise requires:

• the terms defined in this Scheme InformationDocument include the singular as well as theplural;

• pronouns having a masculine or femininegender shall be deemed to be all inclusive;

• all references to ‘dollars’ or ‘$’ refers to theUnited States dollars;

• Rs refers to Indian Rupee;

• A crore means ten million or 100 lakh;

• A lakh means a hundred thousand;

• References to timings relate to IndianStandard Time (IST) and

• References to a day are to a calendar dayincluding non-Business Day.

A. Scheme Type (Fundamental Attribute)

An open-end equity scheme.B. Investment Objective (Fundamental Attribute)

The objective of the scheme would be to seek capitalappreciation by investing in equity & equity relatedinstruments.Though every endeavour will be made to achieve theobjectives of the Scheme, the Investment Manager /Sponsor / Trustee do not guarantee that the investmentobjectives of the Scheme will be achieved. No guaranteedreturns are being offered under the Scheme.There is alsono guarantee of capital or return either by the mutual fundor by the sponsor or by the Asset management Company.

C. Indicative Asset Allocation (Fundamental Attribute)Scheme/Instrument % of the investible Risk

funds (indicative) profileEquity & Equity Related Instruments(including investment in derivatives) 65%-100% HighDebt Securities including SecuritizedDebt*, Money Market Instruments 0%-35% Low to Medium

The Scheme may invest up to 35% of the net assets in overseas securities.

Pending deployment in terms of the investment objective,funds may be invested in short-term deposits withscheduled commercial banks in accordance withapplicable SEBI guidelines.Securitised debt up to a maximum of 30%. Exposure inderivative shall not exceed 50% of the net asset value ofthe Scheme at the time of transaction.Gross exposure in equity, derivatives and debt shall notexceed 100% of the net assets. Same security wise hedgeposition have not been considered in computing grossexposure.Exposure to derivatives is calculated as the notional valueas a percentage of net assets of the Scheme. The exposurein derivatives will be on Gross basis, i.e. taking into accountlong and short positions separately. The Scheme willmaintain cash or securities to cover exposure toderivatives.Exposures in overseas securities may be taken subject tothe applicable guidelines/policies of SEBI and RBI.Changes in Investment Pattern: Subject to SEBIRegulations, the asset allocation pattern indicated abovemay change from time to time, keeping in view the marketconditions, market opportunities, applicable Regulationsand political & economic factors.It must be clearly understood that the percentage statedabove are only indicative and not absolute. Theseproportions can vary substantially depending upon theperception of the Investment Manager; the intention beingat all times to seek to protect the interests of Unit Holders.Such changes in investment pattern will be for a short-termand for defensive consideration only.Portfolio rebalancing: Subject to SEBI Regulations, theasset allocation pattern may change from time to time for ashort term and for defensive considerations, keeping in

view the market conditions/ applicable regulations/theperception of the Investment Manager; the intention beingat all times to seek to protect the interests of the Unitholders.The Investment Manager shall endeavour to maintain aninvested status of about 85%-90% with the residual cashused to take advantage of tactical opportunities.Rebalancing across sectors and stocks based on valuationlevels relative to growth shall be a dynamic exercise, asthis is crucial to performance.The fund manager of the Scheme shall examine factorssuch as the overall macro-economic conditions, valuationlevels, sector-specific factors, company-specific factorsand trends in liquidity, to name a few, and reduce the equityexposure, if warranted, to lower levels and raise the fixed-income component of the portfolio as a tactical call.The fund manager shall seek to raise the equity exposureif the environment is conducive. This process ofrebalancing may take place in a dynamic manner on aregular basis. Cash calls (with deployment in appropriatemoney-market and fixed-income securities), derivatives,changes in the degree of overweight and underweight tosectors and changes in allocation levels to stocks withvarying attributes be used to balance the portfolio.If the macro-economic conditions and market levelswarrant, the fund manager may on an exceptional basis,reduce the equity exposure and raise the fixed-incomecomponent of the portfolio beyond the asset allocationboundary indicated in the table for normal circumstances.Such an allocation in exceptional circumstances shall beadopted with the approval of the Executive Committee ofSundaram Asset Management.

D. Indicative Investment UniverseIn order to achieve investment objectives, the corpus of theScheme can be invested in any (but not exclusively) of thefollowing securities:• Equity and equity-related securities such as Convertible

bonds and debentures and warrants carrying the right toobtain equity shares and derivative instruments.

• Debt obligations of the Government of India, state andlocal governments, government agencies, statutorybodies, public sector undertakings, scheduledcommercial banks, non-banking finance companies,development financial institutions, supranationalfinancial institutions, corporate entities and trusts(securitised debt).

• Debt and Money Market securities and such othersecurities as may be permitted by SEBI and RBIRegulation from time to time.

• Money market instruments including but not limited to,treasury bills, commercial paper of public sectorundertakings and private sector corporate entities, repoarrangements, CBLOs (Collateralised Borrowing andLending Obligation), certificates of deposit of scheduledcommercial banks and development financialinstitutions, bills of exchange/promissory notes of publicsector and private sector corporate entities (coaccepted by banks), government securities with


Sundaram Equity MultiplierPart II Information about the Scheme

unexpired maturity of one year or less and other moneymarket securities as may be permitted by SEBI/RBIRegulation.

• Pass through, Pay through or other ParticipationCertificates, representing interest in a pool of assetsincluding receivables.

• The securities mentioned above and such othersecurities the Scheme is permitted to invest in could belisted, unlisted, privately placed, secured, unsecured,securitised debt securities including but, not restrictedto, pass through Certificates and strips rated or unratedand bearing fixed-rate or floating coupon rate.

• The non-convertible part of convertible securities.• Units of Mutual funds as may be permitted by

Regulation.• Any other like instruments as may be permitted by RBI /

SEBI / such other Regulatory Authority from time to time.The securities may be acquired through Initial PublicOfferings (IPO s), secondary market operations, privateplacement, rights offers or negotiated deals. TheScheme may also enter into repo and reverse repoobligations in all securities held by it as per theguidelines and Regulation applicable to suchtransactions.

• The Scheme shall invest in the instruments rated asinvestment grade or above by a recognised ratingagency. In case, the instruments are not rated, specificapproval of the Board of Directors of the InvestmentManager or a committee constituted by the Board ofDirectors of the Investment Manager and the Board ofDirectors of Trustee Company or a Committee approvedby the Trustee Company shall be obtained.

• A portion of the fund could be invested in liquidinvestments to meet the redemption requirement.

• The Scheme intends to use fixed-income derivatives aspermitted by RBI/SEBI for hedging interest rate risk. Theactual percentage of investments in various floating andfixed interest rate securities and the position ofderivatives will be decided on day to day basisdepending upon the prevailing views on Interest rate.

• Pending deployment of funds in terms of investmentobjectives of the Scheme, the funds may be invested inshort term deposits with scheduled Commercial Banksin accordance SEBI Regulations.

• Overseas securities as permitted by SEBI from time totime.

Investments in Overseas SecuritiesInvestment in Overseas Securities will be in accordancewith SEBI Circular No. SEBI/IMD/CIR No.7/104753/07dated September 26, 2007 & SEBI Circular No.SEBI/IMD/CIR No.2/122577/08 dated April 8, 2008.Such investments will be in accordance with applicableSEBI/FEMA/RBI Regulation on permitted level of overseasinvestment/ securities and other norms, such asappointment of dedicated fund manager and appropriateintermediaries such as bankers, advisors/custodian/sub-custodian; The expense limits will not exceed theprescribed level under the SEBI Regulation/Guidelines asapplicable.

The procedures, process and disclosures to investorsprescribed in this regard under SEBI/RBI Guidelines will befollowed. Investment in securities in overseas markets willnot exceed the limit allowed in this regard by SEBI/RBI fromtime to time.Investment in overseas securities will be made afterexercise of due diligence, analysis of the risk return tradeoff, weighing against the yield and potential of similarsecurities in the local market, currency hedging costs,liquidity, trading procedures/ infrastructure, capability ofservice providers, currency movements, and othereconomic/geo political factors and suitability in terms ofoverall investment objectives of the Scheme and theinterest of the investors. All such investment decisions shallbe recorded.Periodic reports will be placed before the Boards of theAsset Management Company and the Trustee Company inthis regard. Disclosures regarding such investments will bemade in the half-yearly portfolio reports.Brief note on fixed-income and money market in IndiaThe market for fixed-income securities in India can bebriefly divided into the following segments:• The money market – The market for borrowing / lending

money;• The securities market – The market for trading in

securities and• The derivatives market – The market for fixed income

derivatives.In this predominantly institutional market, the key marketplayers are banks, financial institutions, insurancecompanies, mutual funds, primary dealers and companies.Provident / pension funds, though present, are not activeplayers.The Money MarketThe money market can be classified into two broadcategories

The market for clean borrowing/lending without backingof any collateral:• Call Money: The market for overnight

borrowing/lending.• Notice Money: The market for borrowing/lending from

2 days to a fortnight.• Term Money: The market for borrowing/lending from

a fortnight to six months.The market for collateralised borrowing/lending:• Repo transactions: These are redemption-obligation

transactions in which the borrower tenders securitiesto the lender; these securities are bought back by theborrower on the redemption date. The price differencebetween the sale and redemption of the securities isthe implicit interest rate for the borrowing/lending. Theeligible underlying securities for these transactionsare government securities and treasury bills.Corporate bonds are not allowed as eligiblesecurities for repo transactions. The minimum repoterm (lending /borrowing period) is one day.

• CBLO: CBLO stands for Collateralized Borrowing andLending Obligation. CBLO is a discount instrument



introduced by the Clearing Corporation of IndiaLimited (CCIL). They can be traded like any otherdiscount instrument. Lenders buy CBLOs andborrowers sell CBLOs. CCIL manages the risksinherent in issuing these securities through a systemof margins and deposits that it takes from both lendersand borrowers. CBLOs can be issued/bought/sold fora minimum of one day to a maximum of 364 days.

The Securities MarketThe market for fixed-income securities can be broadlyclassified into• The market for money market (short-term) instruments:

Money-market securities are generally discountsecurities maturing within one year from the date ofissuance. Instruments satisfying this criterion aretreasury bills (obligations of the government),commercial paper (obligations of the corporate sector)and certificate of deposit (obligations of banks).

• The market for Government Securities: Governmentsecurities are medium-/long-term debt obligations of thegovernment. The market for government securities is themost liquid segment of the fixed-income market in India.Most of the secondary market trading is concentrated ingovernment securities. Trading in government securitiesis now done mostly through an electronic trading,reporting and settlement platform developed by theReserve Bank of India (RBI) called Negotiated DealingSystem. The role of brokers, which was an importantelement of the Indian bond market, is now lesssignificant in this segment than in the past.

• The market for corporate bonds: Trading in corporatebonds is relatively subdued (in comparison togovernment securities). Price discovery and trading inthis segment are still through the telephone. Attempts atimproving the trading, settlement and risk-managementpractices for trading corporate bonds are currentlyunderway.

• The market for floating-rate securities: The coupon ratein floating-rate securities is linked to an acceptablebenchmark. Floating-rate securities generally have acoupon rate, which is reset over a regular perioddepending on the benchmark chosen. The marketwidely uses the MIBOR benchmarks announced byIndependent agencies such as NSE and Reuters. Whenbenchmark interest rate rises, the income generated onthese floating-rate securities may also rise. When thebenchmark interest rates decline, the income generatedon these floating-rate securities may decline.Increasingly more companies are raising resourcethrough floating-rate securities. Most of such securitiesare in the form of floating-rate debentures at a spreadover NSE MIBOR. The other popular benchmark is theIndian Government securities benchmark yield (knownas INBMK). The reset in such cases happen after aperiod of time, generally six months. The Governmentof India has also started issuing floating-rate securitiesusing INBMK 1 year as the benchmark.

• The market for other instruments such as securitised

debt: Trading in other instruments such as securitiseddebt is relatively scarce. Price discovery and trading inthis segment too is through the telephone.

The Fixed-Income Derivatives MarketThe interest-rate derivatives market is at a developingstage in India. Instruments broadly transacted are • InterestRate Swaps; and • Forward Rate Agreements.• Interest Rate Swaps: This is an agreement between two

parties to exchange stated interest obligations for anagreed period in respect of a notional principal amount.The most common form is a fixed-to-floating-rate swapwhere one party receives a fixed (pre-determined) rateof interest while the other receives a floating (variable)rate of interest.

• Forward Rate Agreement: This is basically a forward-starting interest-rate swap. It is an agreement betweentwo parties to pay or receive the difference between anagreed fixed rate (the FRA rate) and the interest rate(reference rate) prevailing on a stipulated future date,based on a notional principal amount for an agreedperiod. The only cash flow is the difference between theFRA rate and the reference rate. The notional amountsare not exchanged.

DerivativesDerivatives are financial contracts or instruments thatderive their value from an underlying asset. Derivatives maybe used for hedging and portfolio balancing purposes toseek to optimise performance in the Scheme and will besubject to applicable Regulations of SEBI/RBI from time totime.Portfolio balancing includes any type of deals in derivativesas long as they are fully covered by holding a position in theunderlying securities/ cash/cash equivalents/options/futures. Trading is permitted only in exchange-tradedderivatives. The derivatives shall be marked-to-market bythe Investment Manager at all times.Transactions in derivatives include a wide range ofinstruments, including, but not limited to futures, options,swaps, and interest rate swaps, forward rate agreementsand any other instrument as may be permitted by SEBI/RBIfrom time to time.Futures: A purchase of futures contract obligates thepurchaser to take delivery of the underlying asset at theexpiry of the contract. The transaction is netted at the endof the contract and the difference settled between theinvestor & the clearing house. A part of value of thecontract – 15% to 25% on an average (the number couldbe higher for specific contracts or for all contracts atspecific times) – is the margin.Payoffs in futures are linear with reference to the underlyingand the risk is basically directional. Buyers and sellers offutures carry equal risk.The margin depends on volatility of the underlying assetand the difference between the spot price and the contractprice, to name a few influencing variables.Please note that the following illustrative examples aregiven for information purposes only and are based onhypothetical values for the S & P CNX Nifty and/or stock.


Part II Information about the Scheme Sundaram Equity Multiplier

Example for index futures: Stock index futures areinstruments designed to give exposure to the equitymarkets indices. The Stock Exchange, Mumbai (BSE) andThe National Stock Exchange (NSE) have trading in indexfutures of 1, 2 and 3 month maturities.The pricing of an index future is the function of theunderlying index and short term interest rates. Index futuresare cash settled, there is no delivery of the underlyingstocks.If a Scheme buys 1,000 futures contracts, each contractvalue is 200 times the futures index price. Purchase date:January 01, 2009. Spot index: 2000.00 Future price:2010.00 Date of expiry: January 25, 2009. If the exchangeimposes a margin of 10%, the Investment Manager will berequired to provide Rs.40,200,000 (i.e. 10% * 2010 * 1000* 200) by way of eligible securities and/or and cash. If onthe date of expiry – January 01, 2009 - the S&P CNX NiftyIndex closes at 2025, the net impact will be a profit of Rs.3,000,000 for the Scheme ((2025–2010) * 1000 * 200).The profit or loss for the Scheme will be the differencebetween the closing price (which can be higher or lowerthan the purchase price) and the purchase price. The risksassociated with index futures are similar to thoseassociated with equity investments plus there are additionalrisks with additional risks highlighted in the Risk Factorspart of this document.Example for stock futures: A futures contract on a stockgives its owner the right and obligation to buy or sell stocks.Single stock futures traded on the NSE are cash settled;there is no delivery of the underlying stocks on theexpiration date.A purchase or sale of futures on a security gives the traderessentially the same price exposure as a purchase or saleof the security itself. Trading stock futures is no differentfrom trading the security itself.The Scheme buys shares of A Ltd. Its current price is Rs500. The Scheme sells one month futures on the shares ofA Ltd at Rs 550. If the price of the stock declines, theMutual Fund will suffer losses on the stock position heldand profit on futures position. The price of stock on theexpiry date is Rs 450. The price of the futures on the stockdeclines to Rs 480. There is a loss of Rs. 50 per share onthe on the holding of the stock. This is offset by profit of Rs70 on the short position in stock futures.Risks associated with stock futures are similar to thoseassociated with equity investments plus there are additionalrisks with additional risks highlighted in the Risk Factorspart of this document.Options: An option gives the owner the right to buy or sellthe underlying asset based on specific prices trends butthe not the obligation. The option will be exercised if theoutcome is favourable to the owner. A call option gives theowner a right to buy the underlying asset at a pre-determined price on a pre-specified date. A put' optiongives the owner the right to sell a security at a pre-determined price on a pre-specified date.Risk is limited (or known) to premium if call or put options

are purchased. If options are sold, the risk is unlimited (orunknown). The risk of the unknown can be mitigated bystaying covered, using covered calls or bull/bear spread, toname a few strategies. Payoffs in options are non-linear.Example of options:Please note that the following illustrative examples aregiven for information purposes only and are based onhypothetical values for the S & P CNX Nifty and/or stock.The Scheme owns 10000 shares of A with a current marketprice of Rs 160. The view of the fund manager is that theprice could decline by Rs 10 – Rs 12 over a one-monthperiod. The fund manager does, however, wish to hold theshares due to the positive long-term outlook. The fundmanager can cover the expected near-term decline bywriting a call or buying a put.A call option may be sold for a contract size of 10000 at astrike price of Rs 160 with an expiry date that is one monthgoing forward. The Scheme receives a premium of Rs 10(for example) for writing this call option in favour of thebuyer.The buyer has the choice to buy the shares at Rs 160 onexpiry date (usually the last Thursday of a month). Thefollowing are examples based on price trends after onemonth:• if the stock price declines to Rs 150, the buyer of the

call option will not exercise the right to buy as the stockcan be purchased at a lower price in the spot market.The fund manager has ensured that the Rs 160prevailing at the time of selling the option is protectedthrough a combination of market price of Rs 150 andearned premium of Rs 10;

• If the stock price dips below Rs 150, the buyer will notexercise the option. The loss for the fund manager islimited to the extent to which price dips below Rs 150,as the decline from Rs 160 to Rs 150 is covered by theearned premium;

• If the stock price rises to Rs 170, the buyer of the optionwill exercise the right to buy the shares he can buy themat the strike price of Rs 160 and if he chooses to sell atthe spot of Rs 170 to make a profit of Rs 10 per share.This price trend is, however, contrary to theexpectations of the fund manager. There is no loss forthe fund manager as he has already received Rs 10 aspremium. This will ensure that his effective price inmeeting the comportment to the holder of the call optionis Rs 160 and

• If the stock price rises to more than Rs 170, the buyerwill exercise the option. The loss to the fund managerwill be limited to the extent to which the price is higherthan Rs 170, as the premium of Rs 10 will cover partiallythe higher cost of the shares that have to be purchasedto meet the commitment under the option.

Products: The derivative products currently available inIndia include futures on the Index (Nifty and Sensex)options on the Index (Nifty and Sensex), stock futures andoptions on stocks, to name a few.

Indices on which index futures are available: S & P CNXNifty, CNX Nifty Junior, CNX IT, CNX 100, Bank Nifty, Nifty



Mid Cap and S & P CNX Defty.Use of derivatives to further investment objective of theScheme: Sundaram Mutual Fund may use derivatives toseek outcomes that are not possible in the cash market.For example:• A short position in index futures or futures on a particular

stock may be initiated to hedge a long position in thecash market;

• The Investment Manager can buy put options withappropriate strike price as a hedge for a decline in priceof stocks owned in the Scheme;

• Options may be sold to augment income through thepremium paid by the buyer;

• Sell puts on a stock with strike prices at levels the fundseeks to buy the stock;

• Sell calls on stocks in the portfolio of the Scheme atstrike prices that are at levels viewed as a sellingopportunity by the Investment Manager and

• If the index futures trade at a steep discount or premiumto the spot, the Scheme can take advantage of thesituation by switching out of stocks into futures or viceversa. At the expiry of the futures contract, its price willhave to converge with the spot, as the last settlementwill be with reference to the spot price. Arbitrage profit,if any, may augment NAV of the Scheme.

Use of derivatives by the Mutual Fund:Trading in derivativesThere are risks associated with use of derivatives as atrading strategy in a Scheme.Investors must read andunderstand the risks associated with use of derivatives fortrading purpose in order to appreciate the implications.Derivatives require the maintenance of adequate controlsto monitor the transactions and the embedded market risksthat a derivative adds to the portfolio. The price of theunderlying asset, the volatility, tenor and interest rates, toname a few, affect the value of a derivative contract. A fewillustrative trading strategies are outlined:Reverse Arbitrage: The endeavour of the InvestmentManager is to create reverse arbitrage positions, whichreduces the holding cost of the captioned security.Arbitrage: The endeavour of the Investment Manager is tocreate arbitrage positions, which create market neutralpositions and lead to yield enhancement for the portfolioas a whole.Covered Call Writing: The endeavour of the InvestmentManager is to write calls on already long cash equitiespositions on single stocks and/or indices as arepresentation of portfolio beta (market risk).Portfolio Hedging: The endeavour of the InvestmentManager is to use index futures for portfolio hedging toparticipate in the market (buy Index Futures) or reducemarket risk (sell Index Futures).There are risks associated with such strategies. A few ofthem are: model risk (improper pricing/mis-pricing), marketliquidity risk (derivatives cannot be sold at prices thatreflect the underlying assets, rates and indices), basis risk(lack of in-line movement with the underlying asset) andtrade execution risk (final execution price is different fromthe screen price leading to dilution in the spreads and

hence impacting the profitability of the reverse arbitragestrategy).SEBI Vide circular no DNPD/Cir-29/2005 dated 14thSeptember 2005, permitted of mutual funds to trade inderivative instruments and also enhanced the positionlimits in respect of Stock based derivatives vide its circulardated DNPF/ Cir-30/2006 dated January 20, 2006. Thelimits and conditions and restrictions prescribed by SEBIin the above circulars and also the conditions prescribedby SEBI in the circular No. Cir/ IMD/ DF/ 11/ 2010 datedAugust 18, 2010 will also be followed, The details are setout hereunder:No Particulars Limit/ conditions1. Exposure Limit Up to 50% of the net assets of the

respective schemes.The cumulative gross exposure throughequity, debt and derivative position shouldnot exceed 100% of the net assets of therespective schemes.

2. Position Limit In accordance with the limit prescribed bySEBI vide its circular no DNPD/Cir-29/2005dated 14th September 2005 & DNPD/Cir-30/2006 dated January 20,2006, in the NextSection ‘Position Limits’.

3. Monitoring of position limits The mutual fund will notify the names of theclearing member for each scheme throughwhom it would clear the derivative contractsto the stock exchange.The stock exchange would then assign aUnique Client Code to each scheme of themutual fund.The stock exchange shall monitor thescheme wise position limit.Daily trading/ position limits and marginswill be notified the by the clearing member(custodian) to the AMC, for funding andmonitoring.

4. Prohibitions / Restrictions The schemes shall not write options orpurchase instruments with embeddedwritten options.The total exposure related to optionpremium paid must not exceed 20% of thenet assets of the scheme.Cash and cash equivalents with residualmaturity of not less than 91 days may betreated as not creating any exposure.Exposure to hedging positions may not beincluded in the abovementioned limitssubject to the following:Hedging positions are derivative positionsthat reduce possible losses on the existingposition in securities and till the existingposition remains.Hedging positions can not be taken forexisting derivative positions exposure tosuch positions shall have to be added andtreated within the overall limit of 100%.Any derivative instrument used to hedge



has the same underlying security as theexisting position being hedgedThe quantity of underlying associated withthe derivative position taken for hedgingpurposes does not exceed the quantity ofthe existing positions against which hedgehas been taken.

5. Strategy Hedging, Portfolio rebalancing, tradingand arbitrage

6. Internal Guidelines The AMC presently has a derivative policywhich sets out the framework andoperational guidelines for derivativeinvestments.

7. Valuation The traded derivatives shall be valued atmarket price in conformity with the SEBIRegulations/GuidelinesThe valuation of untraded derivatives shallbe done in accordance with the valuationmethod for untraded investmentsprescribed in the SEBI Regulation

8. Disclosure and Reporting In the half yearly portfolio and in the annualreports, the following disclosure will bemade in respect of derivative positions asper the format prescribed by SEBI.Hedging positions and trading positionsthrough futuresHedging positions and trading positionsthrough optionsThe total no of contracts entered, grossnotional value of contracts and netprofits/loss.While listing the net assets, the marginamounts paid will be reported separatelyunder cash and bank balances.The above reports will be placed before theExecutive / Risk Management Committee ofthe AMC and AMC/ Trustee Board and forreview.

Illustrative list of strategies that can employ derivativesare given hereunder:

(i) Index Futures

Index Futures have been introduced by BSE and NSE.Generally three futures of 1 month 2 months and 3 monthsare presently traded on these exchanges. These futuresexpire on the last working Thursday of the respectivemonths. If the Nifty (Index) was 1875 at the beginning of amonth and the quotes for the three futures were as under:

Month Bid Price Offer Price

1 1880 1885

2 1900 1915

3 1910 1930

The Fund can buy an Index of month 1 on the last day ofthe month prior to month 1 in the illustration above at anoffer price of 1885.

Numerical example of futures tradeThe following is a hypothetical example of a typical likelyindex future trade and the associated costs.

Particulars Index Future Actual purchaseof stocks

Index at the beginning of the month 1875 1875Price of 1 Month Future 1885 -

A Execution Cost : Carry and other IndexFuture costs (1885-1875) 10 Nil

B Brokerage Cost:Assumed at 0.30% for Index Future and0.50% for spot Stocks 5.66 9.38(0.30% of 1885)(0.50% of 1875)

C Gains on Surplus Funds: 13.87 Nil(assumed 10% return on 90% of themoney left after paying 10% margin)Total Cost (A+B-C) 1.79 9.38

In this example, the Index Future trade has resulted inprofitability compared to actual purchase of the underlyingindex stocks. The profitability of Index Future as comparedto an individual security will interalia depend upon thecarrying cost, the interest available on surplus funds andthe transaction cost. There are futures based on stockindices as mentioned above as also futures based onindividual stocks.Illustrative list of strategies that can employ futuresStrategies that employ index futures and their objectives:(a) The fund has an existing equity portion invested in a

basket of stocks. In case the fund manager has a viewthat the equity markets are headed downwards, thefund can then hedge the exposure to equity either fullyor partially by initiating short futures positions in theIndex.A similar position in the long direction can also beinitiated by the fund to hedge its position of cash andpermissible equivalents. The extent to which this can bedone is determined by guidelines issued by SEBI fromtime to time.

(b)To the extent permissible by extant regulations thescheme can initiate a naked short position in anunderlying index future traded on a recognized stockexchange. In case the nifty near month future contracttrading at say, 1850, and the fund manager has a viewthat it will depreciate going forward, the fund can initiatea sale transaction of nifty futures at 1850 without holdinga portfolio of equity stocks or any other underlying longequity position. Once the price falls to 1800 after say,20 days the fund can initiate a square-up transaction bybuying the said futures and book a profit of 50.Correspondingly the fund can take a long positionwithout an underlying cash/ cash equivalent subject tothe extant regulations.



Risk associated with this strategy:1. Lack of opportunities available in the market2. Inability of the derivatives to correlate perfectly with

underlying indices3. Execution risk, whereby the rates seen on the screen

may not be the rates at which the ultimate executiontakes place.

Strategies that employ Stock specific Futures and theirobjectives:Individual stock futures are also available in the IndianEquity Markets. Stock futures trade either at a premium orat discount to the spot prices, the level of premiumgenerally reflects the cost of carry. Stock specific issuesmay have a bearing on futures as speculators may findfutures as a cost-effective way of executing their view onthe stock. However such executions usually increase thepremium/discount to the spot significantly, thereby givingrise to arbitrage opportunities for a fund.(a) Selling spot and buying future : In case the fund holds

the stock of a company at say Rs. 1000 while in thefutures market it trades at a discount to the spot pricesay at Rs. 980 then the fund may sell the stock and buythe futures. On the date of expiry of the stock future, thefund may reverse the transactions (i.e. Buying at Spot &Selling futures) and earn a risk-free Rs. 20/- (2%absolute) on its holdings. As this can be without anydilution of the view of the fund on the underlying stockthe fund can still benefit from any movement of the pricein the northward direction, i.e. if on the date of expiry ofthe futures, if the stock trades at 1100 which would bethe price of the futures too, the fund will have a benefitof Rs. 100/- whereby the fund gets the 10% upsidemovement together with the 2% benefit on the arbitrage,and thus getting a total return of 12%.

(b)Buying spot and selling future: Where the fund holdsthe stock of a company trading in the spot market at Rs1000 while it trades at Rs. 1020/- in the futures marketthen fund may buy the stock at spot and sell in thefutures market thereby earning Rs 20. In case ofadequacy of cash with the fund, this strategy may beused to enhance returns of the Scheme which wasotherwise sitting on cash.

(c) Buying stock future: Where the scheme wants toinitiate a long positon in a stock whose spot price is atsay, Rs.1000 and futures is at 980, then the fund mayjust buy the futures contract instead of the spot therebybenefiting from a lower cost option.

(d) In case the fund has a bearish view on a stock which istrading in the spot market at Rs.1000/- and the futuresmarket at say Rs.980/-. The fund can express such aview subject to extant SEBI regulations by initiating ashort postion in the futures contract. In case the view isright and the futures price depreciates to say 900/- thefund can square up the short position thereby earning aprofit of Rs. 80/- Risk associated with this strategy:• Lack of opportunities available in the market

• Inability of the derivatives to correlate perfectly withunderlying security

• Execution risk, whereby the rates seen on the screenmay not be the rates at which the ultimate executiontakes place.

(ii) Strategies that use Options and the objectives ofsuch strategies:Option contracts are of two types - Call and Put; the formerbeing the right, but not obligation, to purchase a prescribednumber of shares at a specified price before or on aspecific expiration date and the latter being the right, butnot obligation, to sell a prescribed number of shares at aspecified price before or on a specific expiration date. Theprice at which the shares are contracted to be purchasedor sold is called the strike price. Options that can beexercised on or before the expiration date are calledAmerican Options, while those that can be exercised onlyon the expiration date are called European Options. Optioncontracts are designated by the type of option, name of theunderlying, expiry month and the strike price. Thus, optionscan be used to earn less volatile returns, earn the premiumor use for hedging purposes etc.Illustrations of use of OptionsCall Option (Buy): The fund buys a call option at the strikeprice of say Rs.1000 and pays a premium of say Rs. 50,the fund would earn profits if the market price of the stockat the time of expiry of the option is more than 1050 beingthe total of the strike price and the premium thereon. If onthe date of expiry of the option the stock price is below Rs1000, the fund will not exercise the option while it loses thepremium of Rs 50.Put Option (Buy): The fund buys a Put Option at Rs 1000by paying a premium of say Rs 50. If the stock price goesdown to Rs. 900, the fund would protect its downside andwould only have to bear the premium of Rs 50 instead of aloss of Rs 100 whereas if the stock price moves up to sayRs. 1100 the fund may let the Option expire and forego thepremium thereby capturing Rs. 100 upside after bearingthe premium of Rs.50.Writing a Call Option: The fund writes a call option at Rs.1050 and earn a premium of, say, Rs. 10. If the price ishigher than Rs. 1050, say Rs.1100/- at expiry then theoption is exercised, the Fund earns the premium of Rs. 10/-but loses the difference between the market price and theexercise price i.e. Rs. 50/-. In case the stock price is lessthan Rs.1050, the fund gets to keep the premium of Rs.10/-.Writing a Put Option: The fund writes a put option with thestrike price of Rs1000 and earns a premium of say Rs 20.In case the stock trades at Rs 950 the put option will beexercised, the fund will earn the premium of Rs.20/- butlosses the difference between the exercise price and themarket price which is Rs.50/-. Where the stock trades atabove the exercise price, the option-holder will not exercisethe option and let it expire. In this case the fund will earn thepremium income of Rs. 20.The above four option positions can be initiated in both



index based options as well as stock specific options.Risk associated with this strategy:• Lack of opportunities available in the market• Inability of the derivatives to correlate perfectly with

underlying security• Execution risk, whereby the rates seen on the screen

may not be the rates at which the ultimate executiontakes place.

Any Notifications, Guidelines and circulars introduced bySEBI on derivatives from time to time shall automaticallyapply and forms part of the Scheme InformationDocuments.Position LimitsAll derivative position taken in the portfolio would be guidedby the following principles.i. Position limit for the Mutual Fund in index options

contractsa. The Mutual Fund position limit in all index options

contracts on a particular underlying index shall beRs. 500 crore or 15% of the total open interest of themarket in index options, whichever is higher, perStock Exchange.

b. This limit would be applicable on open positions inall options contracts on a particular underlying index.

ii. Position limit for the Mutual Fund in index futurescontracts:a. The Mutual Fund position limit in all index futures

contracts on a particular underlying index shall beRs. 500 crore or 15% of the total open interest of themarket in index futures, whichever is higher, perStock Exchange.

b. This limit would be applicable on open positions inall futures contracts on a particular underlying index.

iii. Additional position limit for hedgingIn addition to the position limits at point (i) and (ii) above,the Mutual Fund may take exposure in equity indexderivatives subject to the following limits:

1. Short positions in index derivatives (short futures,short calls and long puts) shall not exceed (innotional value) the Mutual Fund's holding of stocks.

2. Long positions in index derivatives (long futures,long calls and short puts) shall not exceed (innotional value) the Mutual Fund's holding of cash,government securities, T-Bills and similarinstruments.

iv. Position limit for Mutual Fund for stock basedderivative contracts

The Mutual Fund position limit in a derivative contract on aparticular underlying stock, i.e. stock option contracts andstock futures contracts, is defined in the following manner:-

1. For stocks having applicable market-wise positionlimit (MWPL) of Rs. 500 crores or more, thecombined futures and options position limit shall be20% of applicable MWPL or Rs. 300 crores,

whichever is lower and within which stock futuresposition cannot exceed 10% of applicable MWPL orRs. 150 crores, whichever is lower.

2. For stocks having applicable market-wise positionlimit (MWPL) less than Rs. 500 crores, the combinedfutures and options position limit would be 20% ofapplicable MWPL and futures position cannotexceed 20% of applicable MWPL or Rs. 50 crorewhich ever is lower.

v. Position limit for each scheme of a Mutual Fund forstock based derivative contracts

The scheme-wise position limit / disclosure requirementsshall be –

1. For stock option and stock futures contracts, thegross open position across all derivative contractson a particular underlying stock of a scheme of amutual fund shall not exceed the higher of:1% of the free float market capitalisation (in terms ofnumber of shares) or5% of the open interest in the derivative contracts ona particular underlying stock (in terms of number ofcontracts).

2. This position limits shall be applicable on thecombined position in all derivative contracts on anunderlying stock at a Stock Exchange.

3. For index based contracts, Mutual Funds shalldisclose the total open interest held by its schemeor all schemes put together in a particular underlyingindex, if such open interest equals to or exceeds15% of the open interest of all derivative contractson that underlying index.

E. Investment StrategyThe primary investment objective of the scheme is to seekcapital appreciation by investing in equity and equityrelated instruments.The key factors of the investment strategy of the schemewill be:• Owning a compact portfolio of stocks (up to 40 stocks;

at times, depending upon market conditions and at thediscretion of the discretion of the Investment Manager,the fund manager may be permitted to own a largernumber of stocks)

• Identifying attractive opportunities and takeconcentrated exposures

• Investing across all sectors in the economy• Emphasis on stock selection• Investing across market-cap category• Selecting stocks with an investment horizon of three to

five years• Active cash calls: The fund will have the flexibility to be

even up to 35% in cash, if market conditions warrantsuch a stance in the view of the fund manager.

Though every endeavor will be made to achieve theobjectives of the Scheme, the Investment Manager /Sponsor / Trustees do not guarantee that the investmentobjectives of the Scheme will be achieved. No guaranteed



returns are being offered under the Scheme.The Investment Manager will keep in mind the InvestmentObjective of the Scheme and the applicable Regulations.Risk ProfileThe risk of concentration in the portfolio shall be mitigatedby having internal fund management guidelines thatprovide for single-stock – subject to the SEBI prescribedlimit of 10% - and sector exposure limits. The adherenceshall be monitored by the Risk Management team thatreports to the Managing Director of Sundaram AssetManagement. Deviation if any, from the limit will have toapproved by the Managing Director subject to rusticationby the fund manager and will also, if required, be broughtto the notice of the Risk Management Committee at theboard level.As the portfolio shall include a sizeable allocation to large-cap stocks, the liquidity aspect will be taken care. Even forthe mid- and small-cap exposures, the fund manager takesinto account liquidity in the stock before deciding on theexposure level. Portfolio liquidity is monitored on a regularbasis by the Risk Management team and fund managersare also kept posted through internal reports.The focus of the fund manager is on ensuring that stocksselected for the portfolio and the allocation to eachsector/stock does not lead to excessive volatility that is notin line with the positioning of the Scheme. The volatility ofportfolio relative to peers, benchmark and broad market ismonitored. The endeavour is to deliver returns that arecommensurate with risks over the long term.

Summary of Investment Process

Research & Analysis: Research is meant to look atopportunities differently from the market and competition.The Investment Manager has a research set up that worksto identify Investment opportunities through continuousresearch on sectors and companies that are relevant to thetheme and investment objectives of the Scheme. Theanalysis focuses on the past performance and futureprospects of the company and the business, financialhealth, competitive edge, managerial quality and practices,minority shareholder fairness, transparency. Companiesthat adequately satisfy the prescribed criteria are includedin the portfolio. The weight of individual companies will bebased on their upside potential relative to downside risk.

Approval of Securities: After the identification of the stockon the basis of four minimum parameters- balance sheet,profit and loss statement, valuation and ratios- the stock isapproved by the Internal Investment Committee(comprising of the Managing Director, Head-Equity andHead Fixed Income) before any investment can be made.For research, inputs from published sources and reports ofbroking houses will be used. In order to eliminate morerisks and ensure higher reliability, at least one managementcontact either by way of visit, or any other form ofcommunication will be mandatory once a quarter.Portfolio Construction & Selection of Stock forInvestment / Sale: The Fund Manager will construct theportfolio with stocks in the approved universe within theguidelines set in the Scheme Information Document andby the Executive Committee for the Scheme. The FundManager will be the sole deciding authority in relation tostock selection, allocation of weight, sale & purchase ofstocks and other issues that are related to portfolioconstruction.Monitoring: The Executive Committee (EC) of the Boardreviews the performance of the Scheme and the decisionsof the Internal Investment Committee. Head-Equity andHead-Fixed Income are permanent invitees to the meetingsof the committee. The reasons for purchase / sale arerecorded in the system. Every quarter, the fund managerpresents a review of all decisions taken and on fundperformance to the Board of Directors of the InvestmentManager and the Trustee Company.Risk MitigationAn independent risk management team is in place tooversee and monitor portfolio risk on a day-to-day basis.Internal risk control guidelines are in place and the portfoliocontours are tracked on a daily basis to ensure adherence.Any deviation is brought to the notice of the ManagingDirector and the fund manager for corrective action. Followup actions are made to ensure that the deviation iscorrected within the time period prescribed in internal riskcontrol guidelines. Adherence to limits from SEBIRegulations as well as stipulations in the SchemeInformation Document is ensured and monitored thoughthe primary responsibility is with the compliance team. Therisk management team reports to the Managing Director.Risk Management Committee: The Board of SundaramAsset Management has constituted a Risk ManagementCommittee comprising three directors. The RiskManagement Committee reviews the reports prepared bythe Risk Officers. The Risk Management Committee looksinto the implementation of Enterprise Risk Management TheCommittee also reviews the risk guidelines with respect toequity and fixed income funds, set/modify the limits ofcounter party exposure, review exceptions and overridesand suggest improvements to the framework/formats.The Heads of Equity and Fixed Income, the Risk Analystand the Executive Director – Sales & Marketing will be thepermanent invitees to the Committee. The ComplianceOfficer acts as the secretary to the committee.



Fund Managers +Economist

RESEARCH TEAMExternal ResearchPublished InformationCompany Visit

RecommendedList

Internal InvestmentCommittee

Final Fund Portfolio

APPROVED BUY LIST

STOCK SELECTIONTop-Down

Approach

Fund Themes Sector and Stock Limits

Bottom-UpStock Picking

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Risk Management

Norms

Generation

Diversification

Liquidity

Idea Management Assessment

Fundamentals &

ExecutiveCommittee

of the Board

Risk Committee – Role: The Risk Committee will approvethe:• Guidelines in the Universe of securities;• Global Issuer limits (including limit per maturity);• Counterparty limits and• Limits applicable to each fund such as Credit

Diversification ratio, Duration Limit, WAM Limit, MaximumMaturity Limit, Liquidity Risk Limits, Valuation Risk Limits,Risk Grade Limits etc.

Risk Guidelines: Sundaram Asset Management hasinternal investment norms and risk guidelines for equity anddebt investments. Also fund specific guidelines are inplace.Risk Control: Risk control is customized by productaccording to the level of risk the fund can expose investorsto, as specified in the investment mandate.

Portfolio turnoverPortfolio turnover is defined as the lower of the aggregatevalue of purchases or sales, as a percentage of theaverage corpus of the Scheme during a specified period oftime. This will exclude purchases and sales of moneymarket securities.The portfolio turnover in the Scheme will be a function ofthe inflows in the form of subscriptions into the Scheme andoutflows in the form of redemption as well as the marketopportunities available to the fund manager. Consequently,it is difficult to estimate with any reasonable measure ofaccuracy, the likely turnover in the portfolio(s). There maybe trading opportunities that present themselves from timeto time, where in the opinion of the fund manager, there isan opportunity to enhance the total returns of the portfolio.The fund manager will endeavour to balance the increasedcost on account of higher portfolio turnover, if any, withbenefits likely to be derived from such an approach.

F. Fundamental AttributesFollowing are the Fundamental Attributes of the Scheme,in terms of Regulation 18 (15A) of the SEBI Regulation:(i) Type of Scheme (Indicated in Highlights & SchemeSummary and Part II of this document)

(ii) Investment objective: Main objective & investmentpattern. (Indicated in Highlights & Scheme Summaryand Part II of this document)

(iii)Terms of Issue: Provisions in respect redemption ofunits, fees and expenses as indicated in this SchemeInformation Document.o Liquidity provisions such as listing, repurchase,

redemption (Indicated in Highlights & SchemeSummary and Part III of this document).

o Aggregate fees and expenses charged to theScheme (Indicated in Highlights & SchemeSummary and Part IV of this document).

o Any safety net or guarantee.The Scheme does not offer a safety net or guarantee.In accordance with Regulation 18(15A) of the SEBIRegulation, the Trustee shall ensure that no change in thefundamental attributes of the Scheme the Trustee, fee &

expenses and any other change which would modify theScheme and affect the interests of unit holders is carriedout unless:• A written communication about the proposed change is

sent to each unit holder;• An advertisement is given in one English daily

newspaper having nationwide circulation as well as in anewspaper published in the language of the regionwhere the Head Office of the Mutual Fund is situatedand

• The unit holders are given an option for a period of 30days to exit at the prevailing Net Asset Value without anyexit load.

G. BenchmarkFor Investments in Indian securities: S&P CNX 500 Index.The benchmark of the scheme is changed from CNX MidCap to S&P CNX 500 with effect from October 07, 2010.For Investment in overseas securities: MSCI EmergingMarkets IndexThe Trustee reserves the right to change the benchmark ifdue to a change in market conditions, a different indexappears to be providing a more appropriate basis forcomparison of fund performance or if the indicatedbenchmark ceases to exist or undergoes a substantialchange that renders it an ineffective base for performancecomparison and analysis.

H. Fund ManagersSatish Ramanathan, a CFA Charter Holder, has more than15-years experience in equity research and fundmanagement. He is an engineering graduate from IITChennai and completed his MBA from Texas A&MUniversity. Satish joined Sundaram Asset Management inApril 2007. He has worked with Sundaram AssetManagement, ICICI Securities and Franklin Templeton.S Bharath, a Management Graduate & Cost Accountant, isthe dedicated fund manager for investments in overseassecurities. He has experience of about eight years inresearch. He joined Sundaram Asset Management in 2004.The Trustee reserves the right to change the fundmanagers of the scheme.

I. Investment RestrictionsAt present, the Securities and Exchange Board of India(Mutual Funds) Regulation 1996 stipulates the followinginvestment criteria and restrictions:1. The Scheme shall not invest more than 15% of its NAV

in debt instruments issued by a single issuer, which arerated not below investment grade by a credit ratingagency authorised to carry out such activity under theSecurities and Exchange Board of India Act, 1992.Such investment limit may be extended to 20% of theScheme with the prior approval of the Board of Trusteeand the Board of the Investment Manager. The limitsshall not be applicable for investments in governmentsecurities and money-market instruments.Provided further that investment within such limit canbe made in mortgaged backed securitised debt which



are not below investment grade by a credit ratingagency registered with the Board. No mutual fundscheme shall invest more than thirty percent of its netassets in money market instruments of an issuer.Provided that such limit shall not be applicable forinvestments in Government securities, treasury billsand collateralized borrowing and lending obligations.

2. The Scheme shall not invest more than 10%of its NAV inunrated debt instruments issued by a single issuer andtotal investment in such instruments shall not exceed25% of the NAV of the Scheme. All such investmentsshall be made with the prior approval of the Board ofTrustee and Board of the Investment Manager.

3. Transfer of investments from one Scheme to anotherScheme, including this Scheme shall be allowed only ifsuch transfers are made at the prevailing market pricefor quoted securities on a spot basis and the securitiesso transferred shall be in conformity with the investmentobjective of the Scheme to which such transfer hasbeen made.

4. The Scheme may invest in another Scheme, under thesame asset management company or any other mutualfund, without charging any fees, provided that theaggregate inter-Scheme investments made by all theSchemes under the same management or in Schemesunder the management of any other asset managementcompany shall not exceed 5% of the net asset value ofthe mutual fund.

5. The Scheme shall buy and sell securities on the basisof deliveries and shall in all cases of purchases, takedelivery of relative securities and in all cases of sale,deliver the securities. The mutual fund may engage inshort selling of securities/ enter into derivativestransactions in a recognised stock exchange inaccordance with the guidelines/framework specified bySEBI.

6. The Scheme shall, get the securities purchased ortransferred in the name of the mutual fund on accountof the concerned Scheme, wherever investments areintended to be of a long-term nature.

7. Pending deployment of funds of the Scheme insecurities according to the terms of the investmentobjectives of the Scheme, the Mutual Fund can investthe funds of the Scheme in short term deposits ofscheduled commercial banks. Bank deposits will bemade subject to applicable SEBI Guidelines.

8. No term loans for any purpose will be advanced by theScheme.

9. No Scheme of a mutual fund shall make any investmentin any fund-of-funds Scheme.

10. The Scheme shall not make any investments in:• any unlisted security of an associate or group

company of the sponsor;• any security issued by way of private placement by

an associate or group company of the sponsor and• the listed securities of group companies of the

sponsor, which is in excess of 25% of the net assetsof all the Scheme of the mutual fund.

11. Debentures, irrespective of any residual maturity period

(above or below one year), shall attract the investmentsrestrictions as applicable for debt instruments as perSEBI Regulations.

12. The Scheme shall not borrow except to meet temporaryliquidity needs of the Scheme for the purpose ofredemption/redemption of Units or payment of interestand dividend to the unit holders. Provided that theScheme shall not borrow more than 20% of the netassets of any individual Scheme and the duration of theborrowing shall not exceed a period of 6 months.

13. No mutual fund Scheme shall invest more than 10% ofits NAV in the equity shares or equity-relatedinstruments of any company.

14. No open end Scheme, shall invest more than 5% of itsNAV in the unlisted equity shares/equity-relatedinstruments of any company.

15. No mutual fund under all its Scheme should own morethan ten per cent of any company’s paid up capitalcarrying voting rights.

The Trustee of the Mutual Fund may alter theselimitations/objectives from time to time to the extent theSEBI Regulations change, so as to permit the Scheme tomake its investments in the full spectrum of permittedinvestments for the mutual fund in order to achieve itsinvestment objective. All investments of the Scheme will bemade in accordance with the SEBI Regulation. All theInvestment restrictions will be considered at the point ofInvestment.

J. Scheme Performance

Fund/Benchmark One Three Five SinceYear Years Years Launch

Equity Multiplier 25.4 -2.0 — 12.4S&P CNX 500 Index 29.1 1.1 — 12.5Past performance may or may not be sustained in thefuture.Returns are in %. Returns computed on compoundedannualised basis based on the NAV of Growth option.Relevant benchmarks highlighted in italics. NAV &performance as on October 31, 2010.



-2.1

21.0

-39.3

84.1

13.0

-4.0

28.7

-45.4

126.1

18.9

-60.0-40.0-20.0

0.020.040.060.080.0

100.0120.0140.0

FY 06-07 FY 07-08 FY 08-09 FY 09-10 HY 10-11

Sundaram Equity MultiplierCNX Midcap Index

Past performance may or may not be sustained in the future. Returnscomputed on an absolute basis using NAV of Growth Option as on September30, of each year.

For information on comparable schemes, their performance, fund size andnumber of folios, please refer the table provided in Highlights & SchemeSummary.

Ongoing offer period The Scheme is available for subscription and redemption on every business day.

Ongoing price for subscription Net Asset Value.This is the price you need to pay The Fund shall ensure that the Redemption Price is not lower than 93% of the NAVfor purchase/switch-in. for purchase/switch-in, provided that the difference between the Redemption Price

and Purchase Price of the Units shall not exceed the permissible limit of 7% of thePurchase Price.

Ongoing price for redemption At the applicable NAV subject to prevailing exit load.This is the price you will receive Net Asset Value - Applicable Exit Load.for redemptions/switch outs. Example regarding Redemption price:

Redemption Price = Applicable NAV * (1–Sales Load, if any)Applicable NAV is Rs. 10.00Exit Load: 1 per centRedemption Price = 10*(1–.01) = Rs. 9.90.

Cut off timing • For subscription/redemption/switch request received before 3 PM on anyThis is the time before which business day, the closing NAV of the day of receipt of application.your application (complete in all • For subscription/redemption/switch request received after 3 PM on any businessrespects) should reach the official day, the closing NAV of next business day after the receipt of application.points of acceptance. For subscription the applicable NAV will be as indicated only for local cheque or

demand draft payable at par in the place of receipt. If the application for subscriptionis accompanied by an outstation cheque or demand draft not payable at par in theplace of receipt, closing NAV of the day on which the cheque or demand draft iscredited will be the applicable NAV.

Switch-in shall be treated as subscription request. Switch-out shall be treated asredemption request.

Where can the applications for Subscription/redemption request can be submitted on any business day at branchespurchase / redemption switches of Sundaram Asset Management, the Registrar and at Investor Servicebe submitted Centres of the registrar.

Registrar & Transfer AgentSundaram BNP Paribas Fund Services Limited,SEBI Registration No. INR 000004066Unit: Sundaram Mutual Fund,Central Processing Center,RR Towers II, III Floor,Thiru Vi Ka Industrial Estate, Guindy,Chennai 600 032. Tel: 044 - 2250 4700Applications can be submitted at branches of Sundaram Asset ManagementCompany Ltd, details of which are furnished on back cover page of this document.

The Investment Manager may modify, from time to time, the places for acceptanceof applications in the interest of investors. For details investors may also refer to thewebsite of the Asset Management Company / use the Toll Free Number as perdetails below.

Allotment on on-going basis For subscription to units by the investors, the units shall be allotted to them, providedthe application is complete in every respect and in order. Otherwise the applicationmay be rejected.

How to apply Please refer to the Statement of Additional Information and Key Information


Sundaram Equity MultiplierPart III Units & Offer

A. New Fund Offer Details

This section does not apply as the scheme covered in this document is available on an on-going basis for subscription andredemption.

B. Ongoing Offer Details

Memorandum, which is a part of the Application Form (available free of cost with theoffices of the Investment Manager and can be downloaded from the Website of theInvestment Manager www.sundarammutual.com.).

Minimum investment amount First investment Rs 5,000 and multiples of Rs 1 thereafter and for additional purchaseRs.500 & multiples of Rs 1 thereafter. In the case of purchases through SIP (IncludingPerpetual SIP), the minimum installment amount shall be Rs 1000, Rs 750 and Rs250 respectively for weekly (processed on Wednesday’s/next Business Day ifWednesday is not a Business Day), quarterly and monthly frequency respectivelyand in multiples of Rs 1 thereafter.

Minimum amount for The minimum amount for redemption/switch out will be Rs.500 or 50Redemption/Switches units or account balance whicever is lower. • STP (Weekly-processed on

Wednesday’s/next Business Day if Wednesday is not a Business Day): Rs 1000 •STP (Monthly): Rs 250 • STP (Quarterly): Rs 750

Minimum balance to be maintained NilSpecial facilities/products available (1) Systematic Investment Plan (SIP)

Investors can also benefit by investing specified amounts periodically. Weekly,monthly and quarterly frequencies are available for choice. For the weekly SIP, theminimum amount is Rs 1000 per week. For the monthly SIP, the minimum amount isRs 250 per month and for the quarterly SIP, the minimum amount is Rs 750 perquarter. The SIP can be availed by the investors on: 1st, 7th, 14th, 20th and 25th ofevery month/quarter.The weekly SIP requests shall be processed on Wednesday ofevery week. If Wednesday is not a business day, the SIP installment will be processedon the next business day.

Perpetual SIP: Perpetual SIP means an SIP wherein the maximum period/installmentof investment under SIP is not mentioned by the investor and therefore, theinstallments will be recurring until the investor communicates his intention toclose/stop the SIP investment. The minimum amount of SIP and the load structurewill all remain the same. If the investor does not mention the period/installments of SIPin the application form, the

SIP will be deemed to be for perpetuity unless and until the investor communicateshis intention otherwise.

SIP will be terminated automatically if there are three consecutive failures to honourthe Cheque. This will apply for SIP through Auto Debit and post-dated cheques.TheFund reserves the right to recover the related bank charges incurred.

(2) Systematic Withdrawal Plan (SWP)

SWP may be appropriate for those seeking regular inflow of funds for their needs.The minimum amount, which the unit holder can withdraw, is Rs.1000/-. The unitholder may avail himself of this plan by sending a written request to the InvestmentManager or the Registrar. Withdrawals through SWP are effected on the specifiedredemption dates, at an interval of the investor’s choice (weekly, monthly or quarterly).The amount thus withdrawn by this option will be converted into units at theapplicable redemption price on that date and will be subtracted from the unitsbalance to the credit of the unit holder. Unit holders may change the amount indicatedin the SWP, subject to the minimum amount specified above. The SWP may beterminated on written notice from the unit holder and it will terminate automaticallywhen all the units of the unit holder are liquidated or withdrawn from the account. Theunit holders can opt for either fixed or variable amount withdrawal under this facility.

a) Fixed amount withdrawal

The unit holder can withdraw a fixed amount (subject to a minimum amount ofRs.1000/- on the Specified Redemption Dates. In this case, the withdrawal could





affect the capital, reducing it or enhancing it based on the amount withdrawn andreturns generated by the fund.

Example

Amount Invested: Rs.50,000/- in a Scheme of Sundaram Mutual Fund – GrowthOption.

If the unit holder decides to withdraw Rs. 5,000/- every month, and the appreciationin a month is Rs. 1750/-, then such redemption proceeds will comprise of Rs. 1750/-from the capital appreciation and Rs.3250/- from the unit holder’s capital account.

b) Capital Appreciation (Variable) Withdrawal Plan

The unit holder withdraws the amount by which his/her capital appreciates on thespecified redemption dates. Here the capital invested remains constant. In the eventof there being no capital appreciation, no withdrawal/payment will be effected.

Example

If the appreciation on the investment of the Unit holder for the quarter is Rs.1750/- inthe first quarter and Rs.1250/- for the second quarter the investor will receive only theappreciation i.e. Rs.1750/- and Rs.1250/- for the I & II quarters respectively.

The Investment Manager reserves the right to prospectively amend the operationaldetails of SIP/SWP options as may be deemed fit.

The above figures are given by way of examples only. The actual amount will dependon the actual performances of the scheme.

The Systematic Withdrawal Plan will be offered on the following terms and conditions

• The withdrawal will be made subject to minimum amount of Rs. 1000/- under thefixed amount withdrawal option and subject to Rs. 1000/- capital appreciationavailable under variable withdrawal option.

• Unit holders may change the amount of withdrawal, at any time by giving theRegistrar of the Mutual Fund, a written notice at least 14 days prior to the nextwithdrawal date. However, the Investment Manager at its sole discretion retainsthe right to close an account if the outstanding balance, based on the Net Assetsvalue, falls below Rs. 1000/- due to redemption or use of SWP facility or otherwiseand the investor fails to invest sufficient funds to bring the value of the amount upto Rs.1000/- within 30 days after a written intimation is sent to the Unit holder.

• Withdrawals are processed on the first business day of every month/quarter as thecase maybe.

• In the case of SWP Capital Appreciation (Variable) withdrawal option,appreciation, if any, will be calculated from the commencement date of SWP underthe folio, till the first withdrawal date. Subsequently, capital appreciation, if any, willbe the capital appreciation between the date immediately succeeding the lastwithdrawal date and the next withdrawal date. Provided that the NAV per Unit onthe subsequent withdrawal date is greater than the NAV per Unit on the date ofpurchase. Provided further the capital appreciation is greater than Rs.1000/-.

• The capital appreciation portion will be subject to capital gains tax at applicablerates.

• In the event of there being no capital appreciation, no withdrawal/payment will beeffected under the variable Plan.

(3) Systematic Transfer Plan (STP)

STP is a facility wherein a unit holder of a Sundaram Mutual Fund scheme can opt totransfer a fixed amount or capital appreciation amount at regular intervals to anotherscheme of Sundaram Mutual Fund. The amount transferred under the STP from the

Transferor scheme to the Transferee scheme, shall be effected by redeeming units ofTransferor scheme and subscribing to the units of the Transferee scheme.

The STP can be availed by the investors on: 1st, 7th, 14th, 20th and 25th of everymonth/quarter. The weekly STP requests shall be processed on Wednesday of everyweek. If Wednesday is not a business day, the STP installment will be processed onthe next business day. Also, the amount for each STP shall be a minimum of Rs 1000,Rs 250 and Rs 750 for weekly, monthly and quarterly respectively.

No transfer will take place if there is no minimum capital appreciation.

The capital appreciation portion will be subject to capital gains tax at applicablerates. Investors may opt to exit from the facility by giving a written notice to theRegistrar at least 14 days prior to the next transfer date. STP may be terminatedautomatically if the balance falls below the minimum account balance or upon thereceipt of notification of death/incapacity of the unit holders by the Fund.

The Investment Manager reserves the right to have differential load structures forinvestors who opt for the STP. Rules relating to the STP may be changed from timeto time by the Investment Manager.

Note: Where the specified dates are not business days, the next business day willbe relevant. The Trustee can change the prescribed dates/installment amounts orany other feature at their discretion.

(4) Dividend Sweep facility

Under this option the Investors can request that the Dividend payable to them can beused to buy the units of Sundaram Money Fund Retail Plan (Growth Option). Thisoption will be available only when the dividend amount payable to the investor’saccount on the Record Date in a folio is equal to or more than Rs 1000. The dividendso payable will be automatically swept into the Retail Plan (Growth Option) ofSundaram Money Fund at the applicable NAV. For the purpose of levy of exit loadwherever applicable, the period shall be reckoned from the date of such allotment.

The sweep out date shall be deemed to be the dividend payment date.

(5) Pledge

Pledge of units will be recognised. For details please contact our Investor ServiceCentres. In case of Pledge of Units held in Demat Form , the prescribed proceduresof DP will have to be followed.

The Trustee reserves the right to amend, add or withdraw any specialfeatures/conditions in the interest of investors.

Account statement An Account Statement is non–transferable. It shall not be construed as proof of title.It is only a computer- printed statement indicating transactions under the Schemeduring the relevant financial year and providing the closing balance of Units for theinformation of the Unit Holder.

• The Investment Manager shall issue an account statement specifying the numberof units allotted to an investor whose application has been accepted. This doesnot cover application for SIP/STP.

• For unit holders who have provided an e-mail address, the Investment Managerwill send the account statement by e-mail.

• The unit holder may submit a written request for a physical account statement. Therequest may be sent/submitted to branches of Sundaram Asset Management andat Investor Service Centres of the Registrar.

• In case an Investor requests, the relevant unit certificates/Account Statementwill be issued within five working days of the receipt of request.



• In the case of Units allotted in Demat Form, the details of investments /redemptions will be reflected in the holdings statement. The same will beprovided by the respective Depository Participant under the DepositoryRegulations/Byelaws

In case of redemption/switch request made by a unit holder, an account statementwill be sent within 3 business days from the date of such acceptance or from the dateof applicable NAV, whichever is later. If additional units are issued on account of re-investment of dividend in the Dividend Re-investment Option, an Account Statementwill be dispatched to such Unit Holder(s) within 7 Business Days of declaration ofdividend.

Annual Account Statement: The Investment Manager shall provide the AccountStatement to the unit holders who have not transacted during the last six months priorto the date of generation of account statement. The Account Statement shall reflectthe latest closing balance and value of the units prior to the date of generation of theaccount statement. In such cases, the account statement may be generated andissued along with the Portfolio Statement or Annual Report of the Scheme. Forinvestors who have provided an e-mail address, soft copy of the account statementshall be e-mailed.

The Trustee also reserves the right to issue trade-confirmation slips on an ongoingbasis in lieu of account statements indicating the price and the units debited orcredited to the account of the investor as well as the closing balance of the account.If this approach is adopted, a periodic statement of holdings of the investors in theScheme will be provided to the investor by e-mail in soft copy form or by post inphysical form.

In the case of SIP/STP/SWP the first account statement will be issued within 10business days of the initial investment and thereafter once within 10 business daysof the end of the respective quarter . Soft copy of the account statement will be mailedto the investors on a monthly basis, if so mandated. In case of specific requestreceived from investors, the Investment Manager shall provide the Account Statement(SIP/STP) to the investors within 5 business days from the receipt of such requestwithout any charges.

Dividend The dividend warrant/cheque shall be dispatched to the unit holders within 30 daysof the date of declaration of the dividend.

Redemption The redemption or redemption proceeds shall be dispatched to the unit holders within10 business days from the date of redemption.

During circumstances such as market closure / breakdown / calamity / strike /violence / bandh, extreme price volatility/SEBI Directives etc, the Trustee canstop/suspend sale/redemption of Units.

Delay in payment of redemption The Investment Manager shall be liable to pay interest to the unit holders at such rate/ redemption proceeds as may be specified by SEBI for the period of such delay. The prescribed rate at

present is 15% per annum.

Bank account details As per the directives issued by SEBI, it is mandatory for applicants to mention theirbank account numbers in their applications for purchase or redemption of units. If anapplication for subscription is received without bank details, it is liable to be rejected.If the unit holder fails to provide details of the bank mandate, the request forredemption would be considered as not valid and the fund retains the right to withholdthe redemption until a proper bank mandate is furnished by the unit holder; theprovision with respect of penal interest will not apply in such cases.

With a view to monitor, as part of Standard KYC Norms, that third party paymentInstruments are not be accepted for subscription, the Mutual Funds will be providing





a facility for investors to do a one-time registration of all their bank accounts wherethey are one of the holders and from where they expect to make a payment for mutualfund subscription. For further details please refer to the instructions in the ApplicationForms/SAI and the Website of the Mutual Fund.

Options offered. Options: • Growth Option • Dividend Pay Out • Dividend Sweep • Dividend Re-investment.If no option is indicated, the default option will be Growth and under Dividend Option,if no sub option is indicated, the default sub option will be Dividend Sweep.

Growth Option: Investors who prefer to accumulate the income and also do not havea need to receive the cash flow to meet specific financial goals can opt for the growthoption. The income earned on the units will remain invested in the Scheme and willbe reflected in the Net Asset Value. No dividend will be declared under this option.If units of this option are held as a capital asset for a period of at least 12 months fromthe date of allotment, income from such units will be treated as long-term capitalgains for tax purposes.

Dividend Option: Dividend may be declared by the Trustee at its discretion from timeto time subject to the availability of distributable surplus calculated in accordancewith the Regulations. There is no assurance/guarantee with respect to the quantumor the frequency or the certainty of dividend distribution. The decision on whether todeclare a dividend or not will depend on the performance of the scheme andavailability of distributable surplus. The dividend pay out may also vary from time totime. The decision of the Trustee will be final in this regard.

Unit holders opting for the Dividend Option only will be eligible to receive dividends.All unit holders whose names appear in the Register of the Scheme in the DividendOption category as on the Record Date will be entitled to the dividend. The dividendpayment will be subject to the distribution tax, if any, payable by the Mutual Fund asper the Income Tax Act or other laws in force.

After the record date for distribution of dividend, the NAV per unit will decline to theextent of the pay out and distribution tax, if any.

Investors can opt either for Dividend Pay-Out Option or Dividend Sweep or DividendRe-investment Option.

• Dividend Pay-Out: The Investment Manager shall dispatch the dividendcheque/warrant to unit holders within 30 days of declaration of dividend. Thecheques/warrant will be drawn in the name of the sole/first holder and will beposted/mailed to the address indicated by the investor in the application form.Investors are required to provide bank account details - the name of the bank,branch and account number - in the application form. Dividend payment may alsobe done by Direct Credit subject to availability of necessary facility at eachlocation.

• Dividend Sweep: Under this option the Investors can request that the Dividendpayable to them can be used to buy the units of Sundaram Money Fund RetailPlan (Growth Option). This option will be available only when the dividend amountpayable to the investor’s account on the Record Date in a folio is equal to ormore than Rs 1000. The dividend so payable will be automatically swept into theRetail Plan (Growth Option) of Sundaram Money Fund at the applicable NAV. Forthe purpose of levy of exit load wherever applicable, the period shall be reckonedfrom the date of such allotment. The sweep out date shall be deemed to be thedividend payment date.

• Dividend Re-Investment: Investors have the option to re-invest the dividend byway of buying additional units of the scheme. Additional units will be allotted

based on the ex-dividend NAV of the Dividend Option on the next business dayafter the Record date for the dividend. No entry load will be charged for such re-investment of dividend. The re-investment of dividend shall automatically bedeemed to be constructive payment of dividend to the unit holder andconstructive receipt by the unit holder.

If additional units issued under this option are held as a capital asset for a periodof at least 12 months from the date of allotment, any gain over the cost ofacquisition will be treated as long-term capital gains for tax purposes.

Investors should indicate the Plan and Option in the application form by ticking theappropriate box provided for this purpose. The chosen Plan and Option can bechanged by sending a request in writing signed by all the unit holder(s) to theRegistrar.

Dividend policy Dividend may be declared by the Trustee at its discretion subject to the availabilityof distributable surplus as calculated in accordance with the Regulations. There is noassurance/guarantee with respect to the quantum or the frequency or the certaintyof dividend distribution. The decision on whether to declare a dividend or not willdepend on the performance of the scheme and availability of distributable surplus.The rate of dividend may also vary from time to time. The decision of the Trustee willbe final in this regard. Dividend will be declared on the face value of Rs 10 per unit.

Unit holders opting for the Dividend Option only will be eligible to receive dividends.All unit holders whose names appear in the Register of the Scheme in the DividendOption category as on the Record Date will be entitled to the dividend. The dividendpayment will be subject to the distribution tax, if any, payable by the Mutual Fund asper the Income Tax Act or other laws in force.

Effect of dividend: In the Dividend option, after the record date for distribution ofdividend, the NAV per unit will decline to the extent of the pay out and distribution tax,if any. Dividend will be paid within 30 days from date of declaration.

Post declaration of dividend the NAV of the Units under the in Dividend option willstand reduced by the amount of dividend declared and applicable dividenddistribution tax/any other statutory levy.

In case of delay, the Investment Manager will be liable to pay interest to the unitholders at such rate as may be specified by SEBI for the period of such delay. Theprescribed rate at present is 15% per annum. However if Bank Details are notproperly provided by the Investor, the provision regarding payment of interest fordelay will not apply.

Who can invest This is an indicative l ist and investors are requested to consult a financial /This is an indicative list and you are investment/tax/legaladvisor to ascertain whether the scheme is suitable torequested to consult your financial risk profile of the investor. Investors need to comply with KYC/PAN/Specified Photoadvisor to ascertain whether the identification Documents (in the case of “Micro SIPs”) verification norms, asscheme is suitable to your risk profile. elaborated in Statement of Additional Information.

The following persons, subject to subscription to units of mutual funds beingpermitted under respective constitution and relevant statutory regulations, are eligibleand may apply for subscription to the units of the Scheme:

• Resident adult individuals either singly or jointly (not exceeding three)

• Minors through their parents/ lawful guardians

• Companies/Bodies Corporate/Public Sector Undertakings registered in India

• Religious and Charitable Trusts under the provisions of 11(5)(xii) of

• \Income Tax Act 1961 read with Rule 17C of Income Tax Rules, 1962.

• Wakf Boards or endowments and Registered societies (including



registered co-operative societies) and private trusts, authorised to invest in units

• Partnership firms

• Hindu Undivided Family (HUF)

• Non-resident Indian (NRI), Persons of India origin on full repatriation basis (subjectto RBI approval, if required)

• An association of persons or a body of individuals and Societies registeredunder the Societies Registration act, 1860(so long as the purchase of unitsis permitted under the respective constitutions)

• Foreign Institutional Investors and Sub accounts registered with SEBI

• Banks (including co-operative banks & regional rural banks), financial institutionsand insurance company

• A mutual fund scheme registered with the Securities and Exchange Board of India

• Army/Air force/Navy/Para-military funds and other eligible institutions

• Provident/ pension/Gratuity and such other funds as and when permittedto invest

• Scientific and/or industrial research organizations authorised to invest in units

• Others who are permitted to invest in the Scheme

• Any other Scheme of Sundaram Mutual Fund, subject to the limits and conditionsset out in SEBI Regulations and the Board of the Investment Manager/ Trustee,as applicable from time to time, may subscribe to the scheme.

Notes:

Sundaram Asset Management may invest in the Scheme depending upon its cashflows and investment opportunities. In such an event, the Investment Manager will notcharge management fees on its investment for the period it is retained in the Scheme.Such investment shall not exceed 25% of the net assets of the Scheme on the dateof investment.

The Trustee/Mutual Fund reserves the right to include/exclude a category of investors,subject to SEBI Regulations and other prevailing statutory regulations, if any.

• It is expressly understood that the investor has the necessary legal authority andhas complied with applicable internal procedures for subscribing to the units. TheInvestment Manager/Trustee will not be responsible in case any transaction madeby an investor is ultra vires the relevant constitution/internal procedures.

• Non-Resident Indians, Persons of Indian Origin residing abroad and ForeignInstitutional Investors (Flls) have been granted a general permission by theReserve Bank of India [Schedule 5 to the Foreign Exchange Management(Transfer or Issue of Security by a Person Resident Outside India) Regulations,2000] for investing in/redeeming units of mutual funds subject to conditions set outin the aforesaid regulations.

• In the case of an application under a power of attorney or by a limited company,other corporate body, an eligible institution, a registered society, a trust fund, theoriginal power of attorney or a certified true copy duly notarised or the relevantresolution or authority to make the application, as the case may be, or a dulynotarized copy along with a certified copy of the memorandum and articles ofassociation and/or bye-laws and/or trust deed and/or partnership deed andcertificate of registration should be submitted. The officials should sign theapplication under their official designation. A list of duly certified/attestedspecimen signatures of the authorized officials should also be attached to theapplication. In case of a trust/fund, it shall submit a resolution from trustee(s)



authorising the purchase.

• The Investment Manager/Trustee may need to obtain documents for verification ofidentity or such other details relating to a subscription for units as may be requiredunder any applicable law, which may result in delay in processing the application.It is mandatory for every applicant to provide the name of the bank, branch,address, account type and number as per SEBI requirement. Any ApplicationForm without these details will be treated as incomplete. Such incompleteapplications will be rejected. The Registrar/Investment Manager may ask theinvestor to provide a blank cancelled cheque or its photocopy for the purpose ofverifying the bank account number.

• Unitholder information (mandatory): In terms of SEBI circular PAN shall be the soleidentification number for all participants transacting in the securities market,irrespective of the amount of transaction. However in the case of investmentsunder Micro SIP simplified alternative identification documents are allowed as perSEBI Cirular. For further details please refer to Statement of Additional Information.

Allotment Allotment is assured to eligible applicants as long as applications are complete inevery respect and in order. The Trustee may reject any application that is not validand/or complete. The Trustee reserves the right to recover from an investor any losscaused to the Scheme on account of dishonour of cheques issued for purchase ofunits.

An account statement will be sent by the mode indicated by the investor in theapplication form (ordinary post /courier/electronic mail). The Account Statementshall be non-transferable. Dispatch of account statements to NRI/PIO/FIIs will besubject to RBI approval.

Refund Subscription money to applicants whose applications are invalid for any reasonwhatsoever will be refunded.

Refund orders will be marked Account Payee Only and drawn in the name of thesole/first applicant. All refund cheques will be mailed by registered post or as perthe applicable rules. As per the directives issued by SEBI, it is mandatory forapplicants to mention bank account numbers in their application form forpurchase/redemption of units.

Listing (Fundamental Attribute) The Trustee may, at its sole discretion, list the units on one or more stock exchangesat a later date. A suitable public announcement will be made if any such move isinitiated.

Restrictions, if any, on the right The Trustee may, in the general interest of the unit holders of the Scheme and whento freely retain or dispose considered appropriate to do so based on unforeseen circumstances/unusualof unit being offered. market conditions limit the total number of units that may be redeemed on any

Business Day to 5% of the total number of units then in issue in the Scheme, plan(s) and option(s) thereof or such other percentage as the Trustee may determine.Any units that are not redeemed on a particular Business Day, will be carriedforward for redemption to the next Business Day in order of receipt. Redemption ofsuch carried forward units will be priced on the basis of the applicable NAV, subjectto the prevailing load, of the Business Day on which redemption is processed.under such circumstances, to the extent multiple redemption requests are receivedat the same time on a single Business Day, redemptions will be made on a pro-ratabasis based on the size of each redemption request; the balance amount will becarried forward for redemption to the next Business Day. In addition, the Trusteereserves the right, in its sole discretion, to limit redemption with respect to any singleaccount to Rs.1 lakh on a single business day.





Net Asset ValueThis is the value per unit of theScheme on a particular day. Aninvestor can ascertain the valueof his holdings by multiplyingthe units owned with the NAV.

NAV will be determined and published on every Business Day, except in specialcircumstances. The Investment Manager will send the NAV Information for publication intwo daily newspapers and update on Investment Manager’s website(www.sundarammutual.com). Investment Manager will also update the NAVs on thewebsite of Association of Mutual Funds in India – AMFI (www.amfiindia.com) before 9.00pm every business day. In case of any delay, the reasons for such delay would beexplained to AMFI and SEBI by the next day. If the NAVs are not available beforecommencement of working hours on the following day due to any reason, the Fund shallissue a press release providing reasons and explaining when the Fund would be able topublish the NAVs. Special circumstances may include strike, calamities, riots, acts ofvandalism/terrorism, Bandhs, civil disturbances, breakdown of communication orInformation availability/ processing facility and suspension of markets, to name a few.Further transparency will be maintained through half-yearly disclosure of establishedportfolio through newsletters and fact sheets on a monthly/quarterly basis.Further transparency will be maintained through half-yearly disclosure of establishedportfolio through newsletters and fact sheets on a monthly/quarterly basis.

Half yearly Disclosures:Portfolio / Financial ResultsThis is a list of securities wherethe corpus of the Scheme iscurrently invested. The marketvalue of these investments is alsostated in portfolio disclosures.

The Investment Manager shall publish the portfolio of the Scheme as of March 31 andSeptember 30 of every year before the expiry of one month from the close of each halfyear. The portfolio shall be published in the SEBI-prescribed format in one national Englishdaily newspaper and in a newspaper in the language of the region where the Head Officeof the Mutual Fund is situated or sent to all the unit holders. The portfolio shall be displayedat www.sundarammutual.com.

Half Yearly Results The Mutual Fund and the Investment Manager publish the unaudited financial results inone English newspaper circulating in the whole of India and in a Tamil newspaperpublished from Chennai before expiry of one month from the close of each half year. Theresults shall also be made available at www.sundarammutual.com andwww.amfiindia.com.

Annual Report The annual report of the Scheme shall be available for inspection at the corporate officeof the Mutual Fund and a copy shall be made available to the unit holder on payment ofRs.10/. An abridged Scheme-wise annual report shall be e-mailed to all unit holderswithin four months from the date of closure of the relevant accounting year; unit holderswho have not provided an email address shall receive a copy by post. The Scheme-wiseabridged annual reports will also be available at www.sundarammutual.com.

Associate Transactions Please refer to Statement of Additional Information.

TaxationThe information is provided forgeneral information only.However, in view of theindividual nature of theimplications, each investor isadvised to consult his or herown tax advisors/authoriseddealers with respect to thespecific amount of tax andother implications arising outof his or her participation inthe Scheme.

This summary of tax implications is based on the current provisions of the applicable taxlaws. This information is provided for general purpose only. In view of the individualnature of tax implications, investors are advised to refer the provisions of the Income-TaxAct and/or consult their investment/tax advisor with respect to the specific taximplications arising out of an investment in the Scheme. Unit holders should be awarethat the relevant fiscal rules and their interpretation might change. As is the case with anyinvestment, there can be no guarantee that the tax position or the proposed tax positionprevailing at the time of investment in the Scheme will endure indefinitely.• Income of Sundaram Mutual Fund: Exempt from tax.• Dividend Distribution: Tax free.• Long-term capital gains (units held for more than 12 months qualify): Tax free.• Short-term capital gains (units held for less than 12 months qualify): 15%.

C. Periodic Disclosures



• Securities Transaction Tax: Payable at 0.25% on the value of units sold.• Tax deduction at source: Not applicable for persons resident in India; TDS applies to

redemption proceeds payable to NRIs/FIIs.• In addition to income tax, surcharge on income tax and cess on total tax (income tax

plus surcharge) will apply for companies and cess on income tax will apply for others,based on present provisions of the tax law. The rate applicable for surcharge now is7.50% for Indian companies and 2.50% for foreign companies. This surcharge ispayable if the total income exceeds Rs 1 crore. A cess of 3% is payable on the total taxby all taxpayers.

• No wealth tax is payable on the units of the scheme.• Units of the scheme are eligible mode of investment in terms of the pattern of investment

prescribed under the Income Tax Act for• Charitable Trust• Scientific Research Associations• Institutions/Associations/Boards for regulating games,sports and• Employee Welfare Trusts

Investors should also refer to the Statement of Additional Information available atwww.sundarammutual.com for more but not exhaustive detail

Investor services Prospective investors and existing unit holders are welcome to contact Customer Serviceusing the toll free number 1800 425 1000.Investors may also contact the Investor Relations Manager.

Shalini Mohan RaoSundaram Asset ManagementII Floor, II Phase Sudarshan Building,27, Whites Road, Royapettah, Chennai - 600 014.Telephone: (044) 28578700 Fax: (044) 28582200Email us at: [email protected]

The Mutual Fund endeavours to complete all monetary and non-monetary transactionswithin ten business days from the date of receipt of request.

D. Computation of NAV

The Net Asset Value (NAV) is the most widely accepted yardstick for measuring the performance of any Scheme of a Mutual

Fund. NAV calculations shall be based upon the following formula:

Market value of the Scheme’s investments + other current assets + deposits – all liabilities except unit capital, reserves

and Profit & Loss Account

—————————————————————————————————————————————————————

Number of units outstanding of the Scheme

Valuation will be according to the valuation norms, as specified in Schedule VIII of the Regulation and will be subject to

such rules or Regulation that SEBI may prescribe, from time to time.

NAV of the Scheme – Plan/Option wise - will be calculated and disclosed up to four decimals.

For details of Valuation of Overseas Securities, please refer Statement of Additional Information.


Sundaram Equity MultiplierPart IV Fees, Expenses & Load Structure

A. New Fund Offer Expenses

Not applicable as this document covers an existingScheme.

B. Recurring Expenses & Fee (Fundamental Attribute)

These are fees and expenses for operating the scheme.These expenses include investment management andadvisory fees charged by the Investment Manager,Registrar & Transfer Agents fee, marketing and sellingcosts etc. as given below in the table.

The Investment Manager has estimated that up to 2.50% ofthe daily average net assets of the Scheme will be chargedas total expenses, including investment management fee.The investment management fee will be common for bothplans.

The total annual recurring expenses of the Scheme,excluding issue or redemption expenses, but including theinvestment management/advisory fee shall be subject tothe indicative limits mentioned in the accompanying table.

Indicative break-up of annual expenses

Nature of Expense Cost (as % of average weekly net assets)on a per annum basis

Investment Management andAdvisory Fees 1.25Trustee Fees 0.01Custodian Fees 0.05Registrar and Transfer Agent Fess 0.12Audit Fees 0.02Marketing and Selling Expensesincluding Agent Commission 1.00Other expenses 0.05

Total 2.50Total expenses, including investment management fee, forthe year ending March 31, 2010 is 2.24% (expressed aspercentage of average daily net assets)No investment management fee will be charged forinvestments made by the Investment Manager in mutualfund Schemes.These are indicative numbers and subject to change withinthe limits prescribed for fee and expenses by SEBI. Otherexpenses will also include service tax and costs that aredirectly attributable to the Scheme which may be chargedwith approval of the Trustee within the overall limitsspecified in the Regulation.

Only indicative structure: The purpose of the indicativenumbers is only to assist the investor in understanding thevarious costs and expenses that an investor will beardirectly or indirectly. The actual expenses may vary withinthe regulatory limit as well as in the event of any change inthe Regulation. The estimates have been made in goodfaith based on information available to Sundaram Asset

Management. The total expense in each category may bemore or less than specified in the table. Sundaram AssetManagement reserves the right to change the estimates,both inter se or in total, subject to prevailing Regulation. Forthe actual current expenses being charged to the scheme,investors should visit www.sundarammutual.com.

The Investment Manager will update the current expenseratios on the website within two business days mentioningthe effective date of the change as required in SEBI format.

Maximum limit for total expenses: The maximum recurringexpenses and investment management fee that can becharged to the Scheme as a percentage of average weeklynet assets according to SEBI Regulation is:

• First Rs 100 crore: 2.50% • Next Rs 300 crore: 2.25% •Next Rs 300 crore: 2.00% • On assets in excess of Rs 700crore: 1.75%.

Expenses in excess of the permitted limit will be borne bythe Investment Manager or the Trustee or The Sponsor.

Maximum limit for Investment Management Fee: Themaximum investment management fee that can becharged to the Scheme as a percentage of average weeklynet assets is:

• First Rs 100 crore: 1.25% • Assets in excess of Rs 100crore:1.00%.

The Investment Management Fees and other recurringexpenses are calculated on the basis of daily average netassets.

C. Load Structure

Entry Load: Nil. In accordance with SEBI Regulation, therewill be no entry load for investments in the Scheme. Thisshall apply to new investment in the Scheme, additionalpurchase, switch-in, systematic investment plan,systematic transfer plan, dividend re-invested, dividendsweep-in, bonus units and any other form of investment thatmay be introduced as a facility. The upfront commission todistributor (ARN holder) will be paid by the investor directlyto the distributor, based on his assessment of variousfactors including the service rendered by the distributor.The distributor (ARN holder) will disclose all thecommissions (in the form of trail commission or any othermode) payable to them for the different competing Schemeof various mutual funds from amongst which the Scheme isbeing recommended to the investor.

Exit Load: For redemption within 12 months from the dateof allotment - 1%.For redemption on or after 12 months from the date ofallotment - Nil.Load structure is indicated as a percentage of NAV.In accordance with SEBI Regulation, of the exit load /contingent deferred sales charge that is charged to theinvestor, a maximum of 1% of the redemption proceeds

shall be maintained in a separate account to paycommissions to the distributor and for meeting othermarketing and selling expenses. Any amount in excess of1% of the redemption value charged to the unit holder asexit load / contingent deferred sales charge shall becredited to the respective Scheme immediately.

ApplicabilityBonus units and units issued on reinvestment of dividendshall not be subject to exit load.Prescribed exit load will be applicable for switch out andevery installment under a Systematic Investment Plan,Systematic Transfer Plan and Systematic Withdrawal Plan.The period indicated for exit load shall be reckoned fromthe date of allotment.The Board of Trustee reserves the right to prescribe ormodify the exit load structure with prospective effect,subject to a maximum as prescribed under SEBIRegulation.

Details of the modifications will be communicated in thefollowing manner:

• Addendum detailing the changes will be attached orincorporated to the SID and Key InformationMemorandum. The addendum will become an integralpart of this Scheme information document;

• The change in exit load structure will be notified by asuitable display at the Corporate Office of the SundaramAsset Management and at the Investor Service Centresof the registrar and

• A public notice shall be given in one English dailynewspaper having nation-wide circulation as well as ina newspaper published in the language of region wherethe Head Office of the Mutual Fund is situated.

The addendum will also be sent along with the half-yearlyportfolio statement to the unit holders. Theintroduction/modification of exit load will be stamped on theacknowledgement slip issued to the investors onsubmission of an application form and will also bedisclosed in the account statement issued after theintroduction of such exit load.Investors are requested to ascertain the applicable exitload structure prior to investing.For the applicable structure, please refer to thewebsite/offices of the Investment Manager/Registrar or callat (toll free no 1800-425-1000) or your distributor.

V. Rights of Unitholders

Please refer to Statement of Additional Information for adetailed view of the rights of unit holders.

VI. Penalties & Pending Litigations

• Details of penalties awarded by SEBI under the SEBI Actor any of its Regulation against the sponsor of the MutualFund: the Securities and Exchange Board of India has

alleged non disclosure of information to the stockexchanges under SEBI (Prohibition of Insider Trading)Regulations, 1992 and imposed a penalty of Rs, 10 lakhson the Sponsor. On appeal by the Sponsor, the SecuritiesAppellate Tribunal vide its order dated 1st September2010, partly allowed the appeal and reduced theQuantum of penalty to Rs. 2. Lakhs.

• No penalties have been awarded by SEBI under the SEBIAct or any of its Regulations against any companyassociated with the sponsor in any capacity including theInvestment Manager, Trustees or any of the directors orany key personnel (specifically the fund managers) of theInvestment Manager and Trustees. No penalties havebeen awarded on the associates of the sponsor by anyfinancial regulatory body, including stock exchanges, fordefaults in respect of shareholders, debenture holdersand depositors. No penalties have been awarded for anyeconomic offence and violation of any securities laws.

• There are no pending material litigation proceedingsincidental to the business of the Mutual Fund to which thesponsor of the Mutual Fund or any company associatedwith the sponsor in any capacity including the InvestmentManager, Trustees or any of the directors or keypersonnel of the Investment Manager is a party. Further,there are no pending criminal cases against the Sponsoror any company associated with the sponsor in anycapacity including the Investment Manager, Trustees orany of the directors or key personnel.

• There is no deficiency in the systems and operations ofthe sponsor of the Mutual Fund or any companyassociated with the sponsor in any capacity, includingthe Investment Manager which SEBI has specificallyadvised to be disclosed in the Scheme InformationDocument, or which has been notified by any otherregulatory agency.

• There are no enquiries or adjudication proceedingsunder the SEBI Act and the Regulations, which are inprogress against any company associated with thesponsor in any capacity including the InvestmentManager, Trustees or any directors or key personnel ofthe Investment Manager.

Jurisdiction

All disputes arising out of or in relation to the issue madeunder the Scheme will be subject to the exclusivejurisdiction of courts in India.

Applicability of SEBI (Mutual Fund) Regulations

Notwithstanding anything contained in this SchemeInformation Document, the provisions of the SEBI (MutualFunds) Regulation, 1996 and the guidelines thereundershall be applicable.


Sundaram Equity MultiplierPart V Rights Of UnitholdersPart VI Penalties & Pending Litigations

Andhra Pradesh: • Guntur: Door No: 5-87-26,IFloor, Sai Srinivasa Buildings, Opp.NelagiriSupermarket, Main Road, Lakshmipuram, Guntur– 522007. Ph No: 0863-2331468 • Hyderabad: 2ndFloor, Vertex Pearl Complex, Shop no:216,ECILMain Road, Nallakunta, Hyderabad-50006, PhNo (040)27132393 • Hyderabad: D.No.6-3-57/1,408-410, Diamond Block, 4th Floor, LumbiniRockdale Compound, Somajiguda, Hyderabad500082. Ph No 040-23310622 • Nellore: 24/1677,Brahmanandapuram,Dargamitta, Nellore – 524003Ph No: 0861-2313169 • Rajahmundry: 79-2-4 / 1,1st Floor, 79-2-4 / 1, 1st Floor, Rajahmundry-533103 Ph No 0883-2442270 • Tirupathi: Door No2/89, 1st Floor, Tiruchanur Road,Sreenivasapuram, Tirupathi – 517503 Ph No 0877-2237483 • Vijayawada: D No. 40-1-126,1st Floor,Vasanth Plaza (Upstairs of Varun Motors), BenzCircle, Vijayawada - 520010 Ph No 0866-2494404• Visakhapatnam: D No 47-10-13, 1st Floor,Redanam Regency, Near Diamond Park DwarakaNagar, Vishakapatnam – 530016 Ph No 0891 –2704144 • Warrangal: 2nd Floor, H No.11-25-131,131/1,131/2, M.G. Road, Sss Plaza, (NearUiico), Warangal – 506002 Ph No 0870-2433414Assam: Guwahati: I Floor, Divine Plaza, G.S.Road,Dispur Super Market, Guwahati, Kamrup District,-781006 Bihar: Bhagalpur: Gr. Floor, ChandralokComplex, Near Ghantaghar, Radharani SinhaRoad, Mashakchak, PS Adampur(Kotwali),Bhagalpur-812001 Ph No: 0641-2301557 •Muzaffarpur: Gr. Floor, C/O. Mr. Vijay Kumar, Infrontof Vaishali Sweets Shop, Impli Chatti, Muzaffarpur,-842001 Ph No: 0621-2220843 • Patna: 4th Floor,403A, 404A, Kausalya Estate, Dak BungalowCrossing, Patna-800001 Ph No: 0612-2208700Chandigarh: S C O No.11, 1st Floor, Sector 26,Madhya Marg, Chandigarh-160019 Ph No: 0172-2792884 Chattisgarh: Bhilai: Shop No.402, SairamPlaza, 5/4, Nehru Parisar, Near Grand DhillonHotel, Nehru Nagar, Bhilai, Durg District,-490020Ph No 0788 - 2297456 • Raipur: 203, II Floor,Vanijaya Bhavan, Davendra Nagar Road, Raipur-492001 Ph No: 0771-2880600 Goa: Madgaon: 4thFloor, Off. No.C - 410, 'C' Wing, Osia CommercialArcade, Near KTC Bus Stand, Margao, Madgaon,Goa-403601 Ph No 8322734497 • Gujarat:Ahmedabad - Ellisbridge: No.7, Vruj Apartment,3rd Floor, Near Samartheshwar Mahadev, LawGarden, Ellisbridge, Ahmedabad-380006 Ph No:079-26401452 • Anand: F1/1, Suramya, Nr. TownHall, Vidyanagar Road, Anand-388001 Ph No:02692-245281 • Ankleshwar: I Floor, Shop No. F-4, Uma Complex, N H No.8, Gidc, Ankleshwar,Bharuch District-393001 Ph No: 02646-223132 •Baroda: 518 & 519, Centre Point, R C Dutt RoadAlkapuri, Baroda-390005 • Bharuch: ShopNo.138,139, 1st Floor, Aditya Complex, KasakCircle Bharuch-392002 Ph No (02642) 225856 •Bhavnagar: G-5, Aristo Complex, Near RadhaMandir, Waghawadi Road, Bhavnagar-364001 PhNo (0278)2513494 • Jamnagar: 101, City Arcade,Near D S P Bungalow Teen Batti, Jamnagar-361001 Ph No: 0288-2664017 • Mehsana: Gl 21,Appolo Enclave, Nr. Modhera Cross Road,Mehsana-384002 Ph No: 02762-230048 • Navsari:I Floor, Shop No.116, Manohar Complex, Opp.Dabu Hospital, Fuwara, Navsari-396445 Ph No:02637-222727 • Rajkot: 201,Titan Complex, 2ndFloor, Kalawad Road, Near G T Seth School, Opp.To Punjab Honda, Rajkot-360005 Ph No: 0281-2584206/2587139 • Surat: Surat: PlotNo.416,Empire State Building, Nr. Parag House,Udhana Darwaja, IV Floor, Ring Road, Surat395002 Ph No 0261-2346152/2345157 • Valsad: IIFloor, Shop No.216, Trade Centre, Station Road,Valsad -396001 Ph No: 02632-247407 Haryana: •Faridabad: Sco 107,1st Floor, Sector - 16, BehindSagar Cinema, Above J &K Bank, Faridabad-121002 Ph No 0129-2222316 • Gurgaon: S C O,35-36,1st Floor, Sector 12A,Commercial, Old Delhi- Gurgoan Road, Gurgaon-122001 Ph No 0124-2223519 • Panipat: I Floor, No 75, Bmk Market GtRoad, Panipat -132103 Ph No: 0180-2644544Jammu & Kashmir : Jammu: Sadhana CommercialBuilding, No 27, A/C Gandhi Nagar, Jammu-

180001 Ph No: 0191-2432119 Jharkand: Bokaro: IFloor, Ms.Ranju Automobiles, (Bajaj Showroom)Main Road, Chas-827013 • Dhanbad: I Floor, ShopNo.107, Sree Ram Plaza, Dhanbad,-826001 •Ranchi: I Floor, Amarnath Complex, New DailyMarket, Ranchi-834001 Ph No: 0651-2216989 •Jamshedpur: Mithila Motors Limited Building, DrNo.H, No.1, Ram Mandir Area, Bistipur,Jamshedpur-831001 Ph No: 0657-2756298Karnataka: • Bangalore - Wilson Garden: 2ndFloor, No.186, 1st Cross, Wilson Garden, HosurRoad, Bangalore Bangalore-560027 Ph No 080-22117378 • Belgaum: 1st Floor,Shop No.8,Mujawar Arcade,Mujawar Compound P B Road,Nehru Nagar, Belgaum-590010 Ph No 0831-2474129 • Hubli: 1st Floor, Centre Point 107,108New Cotton Market, Hubli-580029 Ph No 0836-2251802 • Mangalore: 2nd Floor,Krishna PrasadBldg., Nr.Mangalore City Corporation, Lal Bagh,Mangalore-575003 Ph No 0824-2455858 •Manipal: Gr. Floor, Royal Complex, Saralebettu,Hegra Village,Parkala Road, Hotel Royal Intl MainRoad, Manipal, Udupi Taluk.-576104 Ph No: 0820-2573727 • Mysore: Venjay, Edifice, II Floor,No.37,JLB Road Chamarajapuram, Mysore-570005 PhNo 0821-2332444 Kerala: • Ernakulam-Vyttila: 1stFloor, Welfare Services Centre, Ponnurunni, VytillaPo, Ernakulam Ernakulam-682019 Ph No 04842341131 • Kottayam - South: Ground Floor,C.B.Panickers Complex, T B Jn, Kottayam-686039Ph No: 0481-2584065 • Kozhikode: West Hill: FirstFloor, No.5/3249 H Century Plaza Building, BehindK T C Petrol Pump Indira Gandhi Road, Kozhikode-673 001 Ph No 0495-2381313 •Thiruvananthapuram-Kaudiar: 2nd Floor, Ali PlazaBuilding, Opp. Tennis Club, Kaudiar,Thiruvananthapuram Thiruvananthapuram-695003Ph No (0471) 2724445/7231 • Thrissur - Central:M/S Rays Complex, Sankara Iyer Road, Poothol(P.O), West Fort, Thrissur-680004 Ph No (0487)2387781 Madhya Pradesh: Bhopal: Plot No. 6, VnvPlaza, 3rd Floor Zone II M P Nagar, Bhopal-462011Ph No (0755 - 2570196) • Gwalior: II Floor, 44 CityCentre, Narayan Krishna Madhav Rao ScindiaRoad, Gwalior-474002 Ph No 0751-2349722 •Indore - Vijainagar: Plot No.2, 2nd Floor, VijayNagar, A.B Road, Opp. Metro Tower, Indore-452010 Ph No (0731) 2554632 • Jabalpur:`Mangalam', I Floor, 103/3 Sastri Bridge RoadNapier Town, Jabalpur-482001 Ph No 0761-2450293 Maharashtra: • Akola: C-13, First Floor,Dakshata Nagar Vyapari Complex Sindhi CampChowk, Akola Akola-444001 Ph No (0724)2421857• Aurangabad: F-4, 5th Floor, AurangabadBusiness Centre, Adalat Road, Aurgangabad-431005 Ph No: 0240-2357008 • Chembur: Flat No.313, Swastik Chambers 3rd Floor, Sion-TrombayRoad, Chembur, Mumbai-400071 Ph No: 022-25296220 • Kolhapur: C Wing, Blockno.6, 1stFloor, Sterling Tower, Behind Central Bank of India,Gawatmandai, Shahupuri, Kolhapur-416001 PhNo: 0231-2659172 • Nagpur: 110-111,Shri MohiniComplex,Opp. Kasturchand Park 345, KingswayRoad, Nagpur-440001 Ph No: 0712-2521582/2540724 • Nasik: Srinivas Apartments,Office No.1, 1st Floor, Patel Colony Behind NehruGarden, Nasik-422001 Ph No: 0253-2501755/2599294 • Pune: I Floor, 'Mantri Vertex'Law College Road, Pune-411004 Ph No: 020-25424199 • Mumbai: 324-326 Vyapar Bhavan 49,P Dmello Road, Masjid (East) Carnac Bunder,Mumbai-400009 Ph No: 022- 23481611/23481612New Delhi: Central Delhi: 3344, 1st Floor, BankStreet, Karol Bagh, New Delhi-110005 Ph No 011-28722521• New Delhi : 607 & 608 6th Floor,Ashoka Estate 24 Barakhamba Road -110001 PhNo: 011-23327379 /23353263 Orissa: •Bhubaneshwar: 1st Floor, Aditya Plaza No.102,Bhouma Nagar, Unit No.4, Bhubaneshwar-751001Ph No: 0674-2534174 • Cuttack: Plot No.3209,2ndFloor, Urmila Plaza, Above Utkal Motors,Madhupatna, Cuttack, Orissa Cuttack-753010 PhNo (0671) 2341633 • Rourkela: First Floor, MangalBhavan, Main Road, Rourkela, Sundargarh Dist.,Orissa-769001 Ph No: 0661-2510070 Punjab: •Amritsar: Sco-63, First Floor, City Center Behind

Sangam Theatre, Amritsar-143001 Ph No (0183)2530608 • Jallundhar: 5 E , Session Court Road,1st Floor, Near B M C Chowk, Jallundhur-144001Ph No 0181-2220128 • Ludhiana: S C O-13,1stFloor, Shanghai Towers,, Feroz Gandhi Market,Ludhiana-141001 Ph No 0161-2772042 • Patiala:Ist Floor, Sco 65, New Leela Bhavan, Opp.FederalBank, Patiala-147001 Ph No: 0175-2306820Rajasthan: • Ajmer: 1st Floor, Adjoining K CComplex Opp: Daulat Bagh, Ajmer-305001 Ph No0145-2633599 • Alwar: 1st Floor, Vijay Complex,43, Jai Marg, Laj Pat Nagar Alwar-301001 Ph No0144-2704133 • Bhilwara: Second Floor, BudhPlaza Opp: Circuit House,Basant Vihar, Bhilwara-311001 Ph No 01482-237542 • Jaipur: 205,2ndFloor,Sangam Towers, Church Road, Off. M I Road,Jaipur-302001 Ph No 0141-2387037 • Jodhpur:120, First Floor, Mody Arcade Chopasani Road,Near Bombay Motors, Jodhpur-342003 Ph No0291-2263311 • Kota: Plot No.3, 1st Floor, AboveVijaya Bank Aerodrome Circle , Kota-324007 Ph No0744-2361476 • Udaipur: First Floor, Madhubani,2-C, Madhuban, Udaipur-313001 Ph No: 0294-2420748 Tamil Nadu: • Coimbatore: 303 & 304 'A'Block, 3rd Floor, Raheja Centre,Avanashi Road,Coimbatore-641018 Ph No 0422-2240484 • Erode:16/3,1st Floor, Brindavan Hotels Building, E VNanjappa Road, Erode-638011 Ph No 0424-2223625 • Hosur: Siva Complex, Shop No.10 & 11,Bagalur Road, Hosur – 635109 Ph No 04344-243328 • Katpadi: No.45, Immanuel Complex,Katpadi Main Road Thirunagar, Vellore Katpadi-632006 Ph No (0416)2240808 / 2240507 •Kumbakonam: 1st Floor, Nalli Plaza, Old DoorNo:34&34A,T S R Big Street, Kumbakonam-612001 Ph No 0435-2431105 • Madurai - City:37,Krishna Rao Tank Street,(Tvs Co-OperativeStore), Madurai-625001 Ph No: 0452-2341935 •Pondicherry: 1st Floor, 55-B Mission Street,Pondicherry-605001 Ph No 0413-2223473 • Salem- City: No.181, Omalur Main Road Salem-636007Ph No (0427)2351881 • Tirunelveli: 81 TrivandrumHigh Road 1st Floor, Palayamkottai, Tirunelveli-627003 Ph No 0462-2502135 • Tirupur: MuthuPlaza,1st Floor 320, Avanashi Road, Tirupur-641602 Ph No 0421-2240357 • Trichy: Bus Plaza,2nd Floor, Front No.5-G, Lawsons Road,Contonment, Trichy-620001 Ph No 0431-2400746 •Chennai-Patullos Road: No.19, Patullos Road,Chennai -600002 Ph No: 044-28414416 UttarPradesh: Agra: Shop No. 706, 7th Floor, MarutiPlaza, 118/8, Sanjay Palace, Agra-282002 Ph No(0562) 2521962 • Allahabad: Third Floor,TulsianaiPlaza 118 A,M G Marg, Civi Lines, Allahabad-211001 Ph No (0532) 2421161 • Bareilly: KrishnaComplex,Opp. Sports Stadium, Pilibhit Bye Pass,Brahampura, Bareilly Dist Bareilly-243001 Ph No(0581) 2301126 • Ghaziabad: I Floor, FF-31,Konark Building, GDA Market, RDC, Ghaziabad-201001 Ph No: 0120-2821037 • Gorakhpur: I Floor,Bank Road, Opp. Subhash Tractor, Corner Gali,M.G.Road, Gorakhpur-273001 Ph No: 0551-2200391 • Kanpur: 4th Floor, Mega Mall D.No.R-4,63/2-C, Mall Road, Kanpur-208001 Ph No0512-2302213 • Lucknow: 101, 1st Floor SaranChambers - I, 5 Park Road, Hazratganj, Lucknow-226001 Ph No: 0522-2239308 • Moradabad: IIFloor, C/O. Mr. Mukesh Tyagi, Lasa House, PiliKothi, Civil Lines, Moradabad-244001 Ph No:0591-26401452 • Varanasi: Flat No.7, 2nd Floor,Rama Kunj, C-32-22/17, Ram Singh Rana NagarColony, Cantt Sigra Road, Varanasi-221002 Ph No:0542-2220212 Uttaranchal: Dehra Dun: ShivaPalace, IInd Floor 57 / 19, Rajpur Road, DehraDun-248001 Ph No 0135-2650063 West Bengal: •Asansol: 1st Floor, Above United Bank of India,B.B. College More, Ushagram East, G.T. Road,P.O. Asansol, Dist. Burdwan, Asansol-713303 PhNo: 0341-2274544 • Durgapur: Second Floor,Banerjee Auto Corporation, Old Court More, G TRoad, Bhiringi, Burudwan Dist., Durgapur-713203Ph No: 0343-2588615/2588625 • Kolkata-LakeTown: P-175(G+4) Building, Lake Town Block - B,Lake Town, Kolkata-700089 Ph No 033-25340736• Siliguri: 2nd Floor, Spectrum House SevokeRoad, Siliguri-734001 Ph No: 0353-2640849


Sundaram Equity MultiplierCollection Centres

Sundaram BNP Paribas Fund Services Limited-List of Customer Care Centres

Sundaram Asset Managementwww.sundarammutual.com

Sundaram Equity MultiplierCollection Centres

Offices of Sundaram Asset Management

Agra: Block no.41/4, Shop no.9, 1st floor, Friends Tower, SanjayPalace Agra – 282002 Ph: 9319145256 Ahmedabad: 104,ArthComplex, Behind A.K. Patel House, Mithakali Six Roads,Navarangapura, Ahmedabad 380009. Ph: 079-66613337/26440442 Amristar: C/O Sundaram Direct, Hall No-2,27 Classic Plaza, Above Punjab National Bank, Majitha Road,Amritsar 143001. Ph: 9814767182 Anand: M/s.Sundaram Direct,F-1/1 Suramya Complex, Opp. C.P. Travel & Tours, Nr. MasadaBakery, Anand - V.V. Road, Anand. Ph: 9327583372 Bengaluru:2nd Floor, Phoenix Crescent, 10, Rest House Road, (Near ARMYInspection Bungalow), Bengaluru 560001. Ph: 080-25599673/74/75 Baroda:127,Ifloor,Siddharth Complex, NearExpress Hotel, R.C.Dutt Road, Alkapuri, Baroda 390007 Ph: 0265-3203204 / 2320671 Bhavnagar: C/O Sundaram Finance Limited,G-5 Aristo complex, Opp madhav darshan, Near Radha Mandir,Waghavadi Road. Bhavnagar-364001. Ph: 0278-2513494/9825107110 Bhopal: Plot No. 10&11, 3rd floor, Alankarpalace, Bank street, M.P.Nagar, Bhopal 462011. Ph: 0755-3203306 Bhubaneswar: Office No-16, 2nd Floor, DeendayalBhawan, Ashok Nagar, Bhubaneswar-751009. Ph: 0674-2530577Calicut: 3rd Floor, 17/501 R2, Kanchas Building, Rajai Road,Calicut - 673001. Mob:09847582339 Chandigarh: SCO-2475-2476, 2nd Floor, Sector 22C, Chandigarh-160022. Ph: 0172-5009166/3206890 Chennai - H.O.: Sundaram Towers, II Floor 46,Whites Road, Royapettah, Chennai - 600014. Ph: 044 - 28583362/ 28569900 Chennai Sales Office: Old No; 20, New No: 14, T.V.K.III Street, Royapettah, High Road, Opp; Kesari High School,Chennai 600 014. Ph: 044-24988740/24988741/24988742Cochin: 'Radhika' Opp. to Axis Bank Rajaji Road, Cochin -682035. Ph: 0484-4027747/48 Coimbatore: No 41-A, I Floor,West Lokmanya Steet, R.S.Puram, Coimbatore 641002. 0422-4360058/2542816 Dehradun: C/o Sundaram Finance Ltd.,57/19,II Floor, Shiva Palace, Rajpur Road, Dehradun 248001. Ph:0135-3203262 / 9719166626 Dubai: Representative Office, OfficeNo.204, 2nd Floor, Above Ravi Darbar Restaurant at BurjumanSignal, Opp.Burjuman Centre and at the Exit of Khalid Bin AlWaleed Metro Station, P.O. – 124337, Khalid Bin Al Waleed Street,Bur Dubai, Dubai (UAE) Phone No. # +971 4 396 1469 Goa:Shop No.F30, D Block, 1st Floor, Alfran Plaza, Panaji, Goa-403001. Ph: 9860817771 Guwahati: Anandi CommercialComplex, 2nd Floor, Bora Service, G.S.Road, Guwahati - 781007Ph: 0361-2465591 Gwalior: C/o. Sundaram Finance, 2ndFloor,44 City Centre, Narayan Krishna Madhav Rao Scindia Marg,Gwalior 474002. Ph: 9826857737 Hosur: No.1, I Floor, No:4/517-6, Soudiya Complex, Opp.Muthumariyamman Temple, BangaloreRoad, Dharga, Sipcot (Post), Hosur 635 109. Ph: 9944482055Hubli: Shop no 005, Kundagol Complex, Court Circle, Hubli,Karnataka 580029. Ph: 0836-3247428 / 9972919712 Hyderabad:V V Vintage Boulevard, F.No.203, 2nd Floor, Raj Bhavan Road,Somajiguda, Hydrebad 500082. Ph: 040-23393669 / 23390815 /23397600 Indore: 125,Starlit Towers, 29/1 Y.N.Road, Indore452001. Ph: 0731-3202029/4224546 Jabalpur: C/o. SundaramFinance, 'Mangalam' 1st Floor, 103/3, Shastri Bridge Road, NapierTown, Jabalpur 482001, Ph: 9826777917 Jaipur: 303, 3rd Floor,Brij Anukampa Towers, Ashok Marg, C-Scheme, Jaipur 302011.Ph: 0141-5118364/3213853 Jallandhar: C/o Sundaram FinanceLtd., 5E, 1st Floor, Session Court Road, Near BMC Chowk,Jallandhar 144001. Ph: 0181-3248520/9872071282Jamshedpur: Shop No.5/B, 3rd Floor, Meghdeep Building,

Beside Hotel South Park, 'Q' Road, Bistupur, Jamshedpur -831001. Jodhpur: 116, 1st floor, Mody Arcade, Chopasani Road,Jodhpur- 342003. Ph: 0291-2612168 Kanchipuram: DoorNo:174-175 (First Floor), Gandhi Road, (Near Pachayappa Silks),Kanchipuram 631 501. Kanpur: 2nd Floor, 218, 219 KanChambers, 14/113, Civil Lines, Kanpur 208001. Ph: 0512-3018530 / 3013530 Kolkata: Block No-6, 3rd Floor, AzimgunjHouse, 7,CAMAC Street, Kolkatta 700071. Ph: 033-30580160 / 61/ 62 / 63 / 22816707 / 22835504 Lucknow: 04, UGF, Sky HiChamber, 5-Park Road, Lucknow-226001. Ph 0522 - 4060004 /4040002 Ludhiana: SCO - 18, 4th Floor, Feroze Gandhi Market,Opp. Ludhiana Stock Exchange, Ludhiana-141001. Ph: 0161-3018500 / 2402021 Madurai: No: 183C, North Veli Street, Opp:Duke Hotel, Madurai 625001. Ph: 0452-4376801/4377478Mysore: #21, 1st Floor, Prashanth Plaza, 3rd Main, 5th Cross,Saraswathipuram, Mysore 570 009, Ph: +91 9731244338Mumbai: 606, 6th Floor, Dalamal House, Nariman Point, Mumbai400 021. Ph: 022-22842878 / 22842879 / 22833863 / 22842832 •B-2/ 202, 2nd Floor, Marathon Innova NextGen Ganpatrao KadamMarg, Opp. Peninsula Corporate Park, Lower Parel, Mumbai -400013. Ph: 022-24820300/ 24986200 Nagpur: C/O FortuneBusiness Centre, I Floor, 6 Vasant Vihar, W H C Road, ShankarNagar, Nagpur-440010. Ph: 0712 - 2567346 / 2558581 Mob:09922992842 Nashik: L-17, Suyojit Sankul, Near Rajiv GandhiBhavan, Sharanpur Road, Nashik 422002. Ph. 0253-3012267 /3012268 / 2311142 New Delhi: 602, 6th Floor, Ashoka Estate, 24,Barakhamba Road, New Delhi 110 001. Ph: 011-41515138 /41515139 Patna: 205, Ashiana Hari Niwas, New Dak BunglowRoad, Patna 800001. Ph: 0612-3200593 Pondicherry: C/o.Sundaram BNP Paribas Home Finance Ltd, 40, Mission Street,Pondicherry 605001. Ph: 0413-2221900 Pune: 1st Floor, RachanaTrade Estate, Erandwane, Opp Swad Hotel, Pune 411004. Ph:020-30280927 / 28 / 29 / 30 Raipur: Millenium Plaza, Office No26, 3rd Floor, Behind Indian Coffee House, Raipur – 492001, Ph:0771-4263615 Rajkot: 202-Business Terminal Complex, Opp.Ram Krishna Ashram, Dr. Yagnik Road, Rajkot - 360001 Ph: 02813012578 Salem: New No.210 Old No315C, AVK Arcade, OmalurMain Road, Opp, to New Bus Stand, Salem 636004. Ph: 0427-4042827 / 9843081847 Surat: L-14, Jolly Plaza, Opp- Athwa GatePolice Station, Athwa Lines, Surat 395001. Ph: 0261-2461384 /85 Thrissur: XXVIII / 85 / 63, Avokaran Arcade Patturaickal,Thrissur – 680022. Ph: 9947044699 Tirunelveli: 25 N / 1,S.N.HighRoad, Near Sripuram Bus stop Sripuram Tirunelveli – 627001 Ph: 0462-4220034 Trichy: Krishna Complex, 1st Floor, 60, ShastryRoad, Tennur, Trichy 620017. Ph: 0431-2741509/4020828Trivandrum: C/O Sundaram Finance Ltd., Kairali Plaza, FirstFloor, Killipalam, Karamana P O, Trivandrum 695002. Ph: 0471-2342686 / 2342687 Udaipur: 110, Ridhi Sidhi Complex, 4-C,Madhuban Udaipur. Ph: 9314280777 Varanasi: Flat No; 7, 2 NDFloor, Rama Kunj, C-32-22/17, Ram Sing Rana Nagar Colony,Cantt Sigra Road, Varanasi-221002. Ph: 99352-43721 Vellore:No: 67/1, 2nd Floor, Officer’s Line (Near Lakshmi Theatre), Opp:PATC Depot, Vellore 632 001. Ph: 0416-2229471, 2217852Vijayawada: D.No. 40-10-5, Sree Ramachandra Complex, BenzCircle, Bajaj Showroom Lane, Vijayawada 520010. Ph: 0866-2470778 / 9848032734 Vizag: 47-10-10, 2nd Floor RednamRegaency, Near Diamond Park, Dwarakanagar, Visakhapatnam530016. Ph: 0891-3209440 / 98480 35892

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