NFO Alert! Sundaram Mutual launches Business Cycle Fund – Know about the company's stock portfolio – Money News

Sundaram Mutual has launched a new fund offering (NFO) called Sundaram Business Cycle Fund, an open-ended equity scheme aligned with a business cycle-based investment theme.

“Themes are powerful drivers of economic change and have the power to transform the way we live and work. By participating in them at the height of their popularity,“This cycle has the potential to lead to significant growth and long-term gains,” Sundaram Mutual said in a statement.

Commenting on the launch of the Sundaram Business Cycle Fund, Sunil Subramaniam, Managing Director, Sundaram Mutual, said: “Themes create business cycles which in turn create significant investment and growth opportunities across sectors, which are driven by broader macro-economic trends such as technology. “A number of different factors – innovation, government policies and spending, urbanization, formalization, premiumization – may conspire to outperform the broader market. Our fund will take a dynamic, thematic approach, identifying and capitalizing on four to five emerging medium to long-term mega global and local trends that are at inflection points across sectors.”

“Sundaram Business Cycle Fund will invest in a portfolio of 35-45 stocks across sectors and markets,” said Anand Radhakrishnan, CEO, Sundaram Mutual. “The fund is benchmark, market cap and sector agnostic, allowing it to focus on high-potential opportunities to capitalize on key themes. The dynamic nature of the fund reduces allocation risk and allows investors to focus on favorable themes, providing an opportunity to participate in the transformative trends that will shape the future.”

Sundaram Business Cycle Fund invests a minimum of 80% in stocks and related instruments selected on the basis of business cycle. The fund can invest 0-20% in other stocks and related instruments, debt, and money. For market securities it is 0-10% and for REITs and InvITs it is 0-10%.

The equity portion of the fund is managed by Ratish B Varia and Bharath S, while the fixed income portion is managed by Dwijendra Srivastava and Sandeep Agarwal and overseas investments by Patanjali Srinivasan. The benchmark for Sundaram Business Cycle Fund is the Nifty 500. Try.

The New Fund Offer (NFO) will open for subscription on 5 June 2024 and close on 19 June 2024. The scheme will reopen for continued subscriptions and redemptions from 1 July 2024.