Sundaram MF introduces Business Cycle Fund
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Sundaram Mutual Fund (MF) has launched Sundaram Business Cycle Fund, an open-ended equity scheme following business cycles-based investing theme. The NFO opens for subscription on June 05, 2024 and closes on June 19, 2024. The Entry load is not applicable for the scheme. The Exit Load will be 1% for redemption or withdrawal by way of SWP within 365 days from the date of allotment and Nil for redemption or withdrawal by way of SWP after 365 days from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty 500 TRI and its fund managers are Ratish B Varier & Bharath S (Equity), Dwijendra Srivastava & Sandeep Agarwal (Fixed Income) and Pathanjali Srinivasan (Overseas Investments).
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.
