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,
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.
“Sundaram Business Cycle Fund will invest in a portfolio of 35-45 stocks across sectors and markets,” said Anand Radhakrishnan, CEO, Sundaram Mutual.
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.
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.
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.