Sundaram Mutual Fund Launches Sundaram Business Cycle Fund

Jun 05, 2024

Sundaram Mutual Fund has launched Sundaram Business Cycle Fund

Sundaram Business Cycle Fund is an open-ended equity scheme following business cycles based investing theme

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Bank Total Returns Index before expenses, subject to tracking errors, fees and expenses.

However, there is no assurance that the objective of the Scheme will be realized, and the Scheme does not assure or guarantee any returns.

Under normal circumstances, Sundaram Business Cycle Fund will hold an allocation of 80% to 100% in Equity & Equity related instruments selected on the basis of business cycle, 0% to 20% in Other Equity & Equity Related instruments, 0% to 20% in Debt and Money Market Securities including units of Debt oriented mutual fund schemes and 0% to 5% in Units issued by REITs & InvITs.

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Sundaram Business Cycle Fund aims to deploy the business cycle approach in investing by identifying economic trends and investing in the themes and stocks that are likely to outperform at any given stage of business cycle.

The fund manager will endeavour to allocate to companies using a bottom up approach while representing key themes where he/she believes would ideally benefit in the prevailing business cycle by identifying such economic trends.

The fund manager may at his discretion invest up to 20% of the scheme assets outside the primary business cycle theme based on his qualitative and quantitative assessment of the investment opportunity.

Sundaram Business Cycle Fund is benchmarked against Nifty 500 Total Returns Index

Sundaram Business Cycle Fund will be managed by Mr Ratish B Varier & Mr. Bharath S (Equity), Mr Dwijendra Srivastava & Mr Sandeep Agarwal (Fixed Income) and Mr Pathanjali Srinivasan is Dedicated Fund Manager for Overseas Investments.

Sundaram Business Cycle Fund is open for subscription from June 05, 2024 to June 19, 2024. The fund will reopen for continuous sale and repurchase on July 01, 2024.

The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option and Income Distribution cum Capital Withdrawal.

The minimum subscription amount is Rs 100/- and in multiples of Re. 1 thereafter.