Sundaram Mutual Fund has launched the Sundaram Business Cycle Fund, which is an open-ended equity scheme following business cycles-based investing.
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The new fund offer or NFO of the scheme is open for subscription and will close on June 19. The scheme will reopen for continuous subscription/redemption on July 1.
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The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities with a focus on identifying medium-term cycles which can impact the business fundamentals. This will be done through dynamic allocation between various themes and stocks at different stages of cycles in the economy.
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Benchmark and fund manager
The scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Ratish B Varier and Bharath S (equity investments), Dwijendra Srivastava and Sandeep Agarwal (debt investments), and Pathanjali Srinivasan (overseas investments).
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Minimum application amount
The minimum application amount is Rs 100 and multiples of Re 1 thereafter. The minimum application amount for daily SIP is Rs 100 for a minimum of three months. For weekly and monthly SIP, the amount is Rs 1,000 and Rs 100 respectively with a minimum of six instalments each. For quarterly, the investment amount is Rs 750 with six instalments.
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An exit load of 1% will be applicable for redemption or withdrawal by way of SWP within 365 days from the date of allotment. No exit load will be there for redemption or withdrawal by way of SWP after 365 days from the date of allotment.
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Allocation of assets
The fund will invest 80-100% in equity and equity-related instruments selected on the basis of the business cycle, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market securities including units of debt-oriented mutual fund schemes, and 0-10% in units issued by REITs & InvITs.
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