Recruitment for new funds for the scheme opens today and closes on 27 February.
The scheme will be managed by Sanjay Venbarkar and Hardik Bora. Benchmarked against Nifty 500 Index TRI.
The minimum investment amount is Rs 1,000 and thereafter in multiples of Re 1. The exit load will be 1% if the units are redeemed or switched within one year from the date of allotment and zero if the units are redeemed or switched after one year from the date of allotment.
The scheme offers direct and term plans with growth and income distribution cum capital withdrawal (IDCW) options.
The scheme aims to proactively allocate between leading sectors (sectors that outperform the overall market) and laggard sectors (sectors that underperform the overall market) depending on the stage of the business cycle. That's what I mean. Invest 80-100% in stocks and capital. 0-20% equity-related instruments selected on the basis of economic cycles, stocks and equity-related instruments of non-cyclical companies, 0-20% financial market instruments including debt and debt-oriented mutual fund scheme units, and 0- 10% for units issued by REITs and InvITs. “As professional money managers who aim to produce consistent performance, it is important to accept the cyclical nature of markets and treat the long term as a series of short periods.” What is their position in that?'' said Harshad Patwardhan, Chief Investment Officer, Union AMC.
The scheme is suitable for investors seeking long-term capital growth and looking for investments in Nifty 500 Index (TRI) stocks and equity-related instruments, which are primarily cyclical-based themes.
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