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Partner With Us NRI

Category

Equity

Scheme Type

OPEN

Exit Load (%)

1.00

Min Inv

100.00

Incremental Inv

100.00

Open Date

Jun 05, 2024

Close Date

Jun 19, 2024

Nav Calculation

DAILY

Sub-category

Equity - Diversified

Risk Level

Very High

Fund Manager

Ratish Varier

Repurchase/Redemption

Fund Objective

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.

Notes

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. Business fundamentals are impacted by various cycles and by fluctuations in economic activity measured by real GDP growth and other macroeconomic variables A business cycle is basically defined in terms of periods of expansion and contraction. During expansion, an economy experiences an increase in economic activity as evidenced by real GDP growth, industrial production, etc. whereas during contraction, the pace of economic activity slows down. The business cycle is a critical determinant of equity sector performance over the intermediate term and the relative performance of equity market themes typically tends to rotate as the overall economy shifts from one stage of the business cycle to the next, with different themes assuming performance leadership in different economic phases. Individual themes do not follow same performance pattern every period. Also, business cycles transitions are generally gradual and have many overlapping periods. Thus, the fund may be reasonably diversified across various themes by investing in the stocks that are levered to the stage of business cycle and transition period The Scheme would aim 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 consider various macroeconomic parameters (like GDP Growth, exports, interest rates, inflation etc.), High frequency indicators (like private consumption indicators, PMI, etc.), business and consumer sentiment indicators (corporate Earnings, business confidence index, forward looking estimates, etc.) to decide on the state of the business cycle. The fund manager will endeavor 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. The AMC employs a ""Fair value"" based research process to analyse the appreciation potential of each stock in its universe (Fair value is a measure of the intrinsic worth of a company). The universe of stocks is carefully selected to include companies having a robust business models and enjoying sustainable competitive advantages as compared to their competitors.