The details of scheme undergoing merger are as follow:

The above mergers will be effected on the ‘effective date'. The effective date will be communicated later by Sundaram Mutual Fund.

Sundaram Select Focus Fund is proposed to merge with Sundaram Bluechip Fund on 24/12/2021

The entire process of transfer of mutual fund schemes of PMF to Sundaram Mutual Fund and corresponding change in the sponsorship, trusteeship, management and administration of the Schemes is known as "Transaction".

• The "Completion Date" is the date when the process of transfer of PMF schemes to Sundaram Mutual Fund and corresponding change in the sponsorship, trusteeship, management and administration of the Schemes will be completed.
  
• Completion date is the effective date which will be announced later by Sundaram Mutual Fund

As per Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996, changes in fundamental attributes can be carried out only after the unit-holders of the concerned scheme have been informed of the change by way of a written communication and an option to exit the scheme within a period of 30 (thirty) days at the prevailing NAV without any exit load is provided to them. As per SEBI circular No. SEBI/MFD/CIR/05/12031/03 dated June 23, 2003, merger of Transferor Scheme with Transferee Scheme will be treated as change in fundamental attributes of the Scheme. Since the proposed merger shall change the features/provisions of the Transferor Scheme and the interest of the Unit-holders of the Transferor Scheme will be affected, the proposed merger will be treated as change in fundamental attributes of the Transferor Scheme in terms of SEBI circular No. CIR/IMD/DF/15/2010 dated October 22, 2010. Hence, the investors of the transferor scheme who do not agree to the proposed merger are given an option to exit without any exit load. Please refer the addendum dated 20/11/2021 for the scheme wise merger and also the scheme related information published on the website www.sundarammutual.com ( https://www.sundarammutual.com/Acquisition-of-Principal-Mutual-Fund ) . The Unit Holders who do not wish to consent to the merger are provided an option to exit their investment at the prevailing net asset value ("NAV") without any exit load, for a period of 30 (thirty) days from 25/11/2021 to 24/12/2021 (both days inclusive). However, for investments made during the exit window period, there will be no waiver of exit load.

In accordance with MF Regulations, existing unit holders of the transferor schemes i.e those unit holders whose valid applications have been received by Sundaram MF till 3 p.m. on 24/11/2021 are provided an option to exit their investment in the said schemes at the prevailing NAV without any exit load, for a period of 30 (thirty) days from the 25/11/2021 to 24/12/2021 (up to 3 pm on 24/12/2021) (‘Exit Option Period'), if they do not wish to stay invested in the said schemes pursuant to changes (‘Exit Option').

Exit option period is for 30 (thirty) days starting from the 25/11/2021 to 24/12/2021 (up to 3 pm on 24/12/2021).

The NAV applicable, for investors who choose to exercise the exit option would be based on the date/time of receipt of redemption/switch request during business hours on a business day. The Exit Option can be exercised from 25/11/2021 to 24/12/2021 (both days inclusive and up to 3.00 pm on 24/12/2021), by submitting the valid redemption/switch request at any of the SAMC /RTA branches or through electronic modes such as Sundaram Mutual Fund website (www.sundarammutual.com) or other platforms like Stock Exchanges, MFU, Fintech portal, etc.

Investors are requested to note that the valid redemption /switch requests can also be sent to etrxn@sundarammutual.com. This email server is dedicated for receiving redemption /switch requests during the exit window period. These documents shall only be accepted if they are in TIFF/PDF/JPG format and the file size not exceeding 2 MB. For submission of transactions request through email, please refer addendum dated 24/04/2021 for more information.

For units held in dematerialised mode, the redemption/switch request will have to be submitted to the respective Depository Participant.

It may be noted that the redemption/switch transactions shall not be processed if all the unit holders in the folio (including guardian and POA holders) have not completed PAN/KYC, FATCA and other mandatory requirements. Please also note that units need to be free from lien/pledge.

Investor will be required to bear the applicable exit load as per the provision of the scheme. Exit load provisions of transferor scheme will be applied if exit is on or before the effective date, whereas provisions of surviving scheme will be applied if exit is post effective date.

No, there is no action required if you are in-agreement with the proposed changes.

Unit holders who do not exercise their exit option on or before applicable cut-off time on 24-12-2021 would be deemed to have consented to the merger/ change in fundamental attributes of Schemes. In case of merger of Schemes, the Transferor schemes will cease to exist and the unit holders of Transferor schemes as at the close of business hours on the Completion Date, will be allotted units under the corresponding option of the respective Transferee Schemes at the last available applicable NAV.

Securities Transaction Tax (STT) on redemption / switch-out of units, if any, exercised during the exit window period shall be borne by the AMC.

Securities Transaction Tax (STT) on extinguishment of units under Merging Scheme and allotment under the Surviving Scheme upon merger of schemes, shall not be levied.

You can submit investments in PMF Schemes and submit the request to designated AMC/RTA Investor Service Centres (the details of which are available on their website) till the aforementioned Completion Date, as these Schemes will cease to exist thereafter.

Free exit provision will be applicable only for investments made before the beginning of exit window period i.e., till 24/11/2021. Investors who purchase units of the scheme once the exit window has started will have to bear prevailing exit load, if any.

Yes. Unit holders who have made investments before the beginning of exit window period i.e., till 24/11/2021 and who are not in agreement with the proposed merger hold an option to exit i.e., redeem /switch their units to other Schemes of Sundaram Mutual Fund available for subscription without payment of exit load for a period of 30 (thirty) days from 25/11/2021 to 24/12/2021 (both days inclusive). Unitholders may note that the offer to exit is merely an option and not compulsory.

You will receive account statements from Sundaram Mutual Fund so that you can check the details. Additionally, SMS/ email will also be sent to you by SMF as per the registered mobile number / email ID registered in the existing folio.

Yes, the change should reflect in your client account with the DP as the DP will be intimated about the changes.

Folio numbers for all PMF investors will be retained as is. There will be no changes in the folio numbers due to this merger

All systematic registrations which are active in transferor schemes will be continued in transferee schemes and systematic instalments will continue post-merger as before.

Login credentials issued by PMF prior to AMC merger will continue to be active post-merger. Upon logging for first time post-merger, investor will get a prompt to change existing password.

OTM/NACH registered in favour of PMF prior to AMC merger will continue to be active and investors can use the same to transact with Sundaram AMC.

Yes, post-merger, PMF folios will be accessible from Sundaram login credentials where email id is same for given PAN.

No. investor needs to submit separate request for cancellation of systematic registration under the folio.

Transactions needs to be submitted to the respective AMC branches until the ‘effective date'. Similarly, digital transactions needs to be initiated in digital platforms of the respective AMCs.

There will be no impact of scheme merger on capital gains, as the transactions is not considered as transfer of capital asset as per Income Tax Act. Further, for any redemption/switch-out post-merger, the cost shall be considered as per the corresponding purchase made in the source scheme, while computing capital gains.

IDCW sweep will continue. If either of source or target scheme is merged then the transfer from or to, as the case may be, will happen from/in surviving scheme.

The Units allotted in the Transferee Scheme shall be treated as fresh subscription. Accordingly, all provisions under the “surviving scheme” will apply including exit load. The period of holding for the purpose of exit load will be computed from the date of allotment of such units in the Transferor Scheme.

The units so purchased will undergo scheme merger procedure and investors will receive units in surviving scheme.

Investors can visit the below URL to view balance under Unclaimed Dividend and Redemption plan in their folios: https://mfs.kfintech.com/mfs/sundaram_unclaimed.aspx Investors may claim the unclaimed amount unitised in Sundaram Money Fund by regularising the folio and by submitting a redemption request at any of the offices of SAMC/RTA branches. In this regard, we request you to kindly contact us at any of the offices of SAMC/RTA branches to assist you in the payment of unclaimed amount.

Illustration of the manner in which units of Transferor scheme would be allotted as units in (Transferee/Surviving scheme) is as below:
The market value of units of Transferor scheme as on the merger date shall be treated as the subscription value to determine the number of units to be allotted at the NAV of Transferee/Surviving scheme on the effective date. An illustration explaining the same is as follows: (All figures in the table below are purely for illustrative purposes only).

Assumed date of the merger 31-May

In case of any pledge/ lien/ other encumbrance marked on any units in the Transferor scheme, the same shall be marked on the corresponding number of units allotted in the Surviving scheme.

Investor can approach Investor Service Centre of SMF/Kfin branches for getting the unpaid warrants revalidated.

If investors have submitted Form 15G/H only for PMF for FY 2021-22, then such investors should submit the same again to SMF on or after effective date.

You may contact any of the nearest Sundaram Mutual Fund Investor Service Centres, the details of which are available on the website or you can call on the customer service number - 1860 425 7237 or email to customerservices@sundarammutual.com.

New scheme master will be made available under the MFD login provided by Kfin technologies ltd.

New scheme master will be made available under the MFD login provided by Kfin technologies ltd.

Yes. PMF brokerage statements/annexures dating prior to merger date will continue to be available as mail-back report under MFD login for a period of 3 months post the effective date.

Yes.

MFDs will be able to download PMF AMC GST invoice for the period prior to merger date, up to 3 months post the effective date.

You may contact any of the nearest Sundaram Mutual Fund branch, the details of which are available on the website or you can call on the MFD service number - 1800 103 2440 or email to distributorservices@sundarammutual.com.