The plan's investment objective is to achieve long-term capital appreciation by investing primarily in equity and equity-related securities with a focus on identifying medium-term cycles that may affect business fundamentals. This is done through a dynamic allocation between different themes and stocks at different stages of the economic cycle.
The scheme will be benchmarked against the Nifty 500 TRI and will be managed by Ratish B Varier and Bharath S (equity investments), Dwijendra Srivastava and Sandeep Agarwal (debt investments) and Pathanjali Srinivasan (overseas investments).
The scheme offers regular and direct plans with both growth and IDCW options.
The minimum application amount is Rs 100 and in increments of 1 rupee thereafter. The minimum application amount for monthly SIP is Rs 100 with a minimum of 6 instalments. A redemption charge of 1% will be applicable if redemption/withdrawal is made on SWP within 365 days from the date of allotment. No redemption charge will be applicable if redemption/withdrawal is made on SWP after 365 days from the date of allotment.
The scheme allocates 80-100% to stocks and equity related instruments selected based on business cycle, 0-20% to other stocks and equity related instruments, 0-20% to debt and money market securities including units in debt oriented mutual fund schemes and 0-10% to units issued by REITs and INVITs. The scheme seeks to apply a business cycle approach to investments by identifying economic trends and investing in themes and stocks that are likely to outperform at any stage of the business cycle. The fund manager considers various macroeconomic parameters (GDP growth, exports, interest rates, inflation etc.), high frequency indicators (Private Consumption Index, PMI etc.), business and consumer sentiment indicators (corporate earnings, business confidence index, future forecasts etc.) to determine the state of the business cycle. The fund manager seeks to allocate to companies using a bottom-up approach as well as by identifying such economic trends, representing key themes that are likely to ideally benefit the current business cycle. The fund manager may, at his discretion, invest up to 20% of the scheme's assets in non-major cyclical themes based on qualitative and quantitative assessment of investment opportunities.
