The scheme is managed by Sanjay Venvalkar and Hardik Bora and uses the Nifty 500 Index TRI as its benchmark.
The minimum investment is Rs 1,000 and thereafter in increments of Rs 1. If the units are redeemed or converted within one year from the date of allotment, the exit charge will be 1% and if the units are redeemed or converted after the completion of one year from the date of allotment, it will be nil.
The scheme offers direct and term plans with growth and profit sharing and capital withdrawal (IDCW) options.
Invest and earn with ET Money – Earn up to 9.5% annual interest
The system aims to actively allocate between leading sectors (sectors that are outperforming the overall market) and laggards (sectors that are underperforming the overall market) based on the stage of the economy's business cycle.
It invests 80-100% in stocks and equity related instruments selected on a cyclical basis, 0-20% in stocks and equity related instruments of non-cyclical companies, 0-20% in debt and money market instruments including units in debt oriented mutual fund schemes and 0-10% in units issued by REITs and InvITs.
“As professional asset managers aiming for consistent performance, it is important to accept the cyclical nature of markets and treat the long term as a series of shorter time periods. Positioning your portfolio depending on 'where you are in the cycle' can help reduce opportunity cost and optimise returns,” said Harshad Patwardhan, chief investment officer, Union AMC.
The scheme is suitable for investors seeking long-term capital appreciation and want to invest in equities and equity-related instruments in the Nifty 500 Index (TRI), a primarily cyclical based theme.
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