A Unique fund offer from Sundaram Mutual fund which invest in Equity and Gold ETF

New Fund Offer opens: May 04, 2011         New fund offer closes on May 16, 2011

The Scheme will primarily focus on opportunities in Indian equities with the addition of gold-ETF to provide diversification and exposure to the relative attractiveness of gold in certain phases.

This fund offers a mix of gold and equities and that's what makes it unique.  It is stated that upto 35% of the money will be invested in Gold based ETF, so this make the fund different from the rest of funds available.
And that what the word "PLUS" in the name of this fund mean, plus indicates Gold as an additional invested asset, it does not indicate that returns will always be plus or poistive.

Other details about this New fund Offer:
Name of the Scheme:          Sundaram Equity Plus
Scheme Type:                   An open-end equity schemeNew Fund Offer Period:  The Scheme will open the subscription on May 04, 2011 and close onMay16,2011
(The Trustee reserves the right to extend the new fund offer period within the prescribed limit. The NFO period shall not exceed 15 days in accordance SEBI regulation.)
New Fund Offer Price       Rs. 10 per unit
Click here for Scheme Information document