Sundaram Mutual Launches Fund Focused on Capturing Business Cycle Opportunities; details inside

The fund will be measured against the Nifty 500 TRI, a broad market index.

Sundaram Mutual Fund has launched a new investment opportunity - the Sundaram Business Cycle Fund. This open-ended equity scheme focuses on capitalizing on various business cycles that drive economic change. By strategically investing across these cycles during their upswings, the fund aims to generate substantial long-term growth for investors.

The Sundaram Business Cycle Fund will primarily invest at least 80 per cent of its assets in equity and related instruments that are meticulously chosen based on the current business cycle. The remaining 0-20 per cent can be invested in a broader range of financial instruments, including other equity and related options, debt and money market securities, and even units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

Sundaram Mutual Fund has assembled a team of experienced fund managers to oversee the Sundaram Business Cycle Fund. Mr. Ratish B Varier and Mr. Bharath S will manage the equity portion, while Mr. Dwijendra Srivastava and Mr. Sandeep Agarwal will handle the fixed income segment. Mr. Pathanjali Srinivasan will be responsible for overseas investments. The fund's performance will be benchmarked against the Nifty 500 TRI, a broad market index that tracks the total returns of the top 500 companies listed on the National Stock Exchange of India.

The New Fund Offer (NFO) for the Sundaram Business Cycle Fund is open for subscription from June 5th, 2024, to June 19th, 2024. Following the closure of the NFO period, investors can enter or exit the scheme through ongoing subscriptions and redemptions starting from July 1st, 2024.