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Shriram Mutual Fund has launched Shriram Multi Sector Rotation Fund, an open-ended scheme investing in equity and related instruments following multi sector rotation theme. The NFO opens for subscription on November 18, 2024 and closes on December 02, 2024. The Entry load is not applicable for the scheme. The Exit load will be 1% of the applicable NAV - if redeemed within 3 months from the date of allotment and Nil if redeemed after 3 months from the date of allotment.  The minimum subscription amount is Rs 500/- and in multiples of Re. 1/- thereafter.

The performance of the scheme will be benchmarked at Nifty 500 Total Return Index and its fund managers are Deepak Ramaraju and Gargi Bhattacharyya Banerjee.

The investment objective of the scheme is to generate long-term capital appreciation by employing a quantamental approach of investing in equity and equity derivatives of specific sectors that are trending due to better earnings expectation. The allocation among sectors and stock selection will be decided by the in-house proprietary quantitative model and further augmented with fundamental analysis.