Sundaram Mutual launches the Sundaram Equity Fund
The performance of the scheme will be benchmarked against S&P BSE 500 TRI Index.
The new scheme will be jointly managed by S. Krishnakumar, CIO-Equity and Mr. S. Bharath. The performance of the scheme will be benchmarked against S&P BSE 500 TRI Index.
“The objective of the scheme is to generate capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalisation,” said Sunil Subramaniam, Managing Director, Sundaram Mutual.
According to a press release sent by the fund house, the new scheme will invest in a portfolio of 45-50 stocks of companies, using a blend of top-down and bottom-up approaches. It will adopt Growth at Reasonable Price (GARP) methodology and combine tenets of both growth and value investing.
The fund will invest in secular growth opportunities in consumption and financial services, cyclical recovery themes (investment pick- up, rate sensitives, global cyclicals) and emerging business segments.
The fund house also said that the scheme’s asset allocation mix will be designed based on inflexion points - favorable macros (rising capacity utilisation and improved manufacturing indicators), growth trajectory of corporate fundamentals, benign rates and a pick-up in credit and liquidity indicators, and a disparity in valuations within cap curves.