The scheme will deploy at least 65 percent of its assets in equity and equity-related instruments across market capitalisation, while up to 35 percent will be deployed in fixed income and money market instruments.
The fund house is betting big on industrials and capital goods as it expects a recovery in the investment cycle and is also upbeat on the consumer discretionary space
The open-ended scheme investing in equity arbitrage and debt
Going forward, Subramaniam will be the MD and CEO of the fund house. He succeeds Harsha Viji, who was the managing director earlier
The open-ended equity scheme will invest at least 80 percent of its corpus corpus in equity and equity-related instruments of services sector
The open-ended debt scheme will invest its entire corpus in money market instruments
Under the close-ended equity scheme series, the lock-in period will be of three years
S Krishna Kumar of Sundaram Mutual Fund said that the earnings have been pretty good and that retail private banks have seen strong delivery.
Sunil Subramaniam of Sundaram Mutual Fund also said that apart from the positivity, unplanned taxpayers rushing to invest before the financial year could have led to the surge in flows
The fund will deploy at least 95 percent of its assets in the investment universe of companies specified under Rajiv Gandhi Equity Savings Scheme (RGESS).
Sundaram Mutual Fund has filed offer document with the Securities and Exchange Board of India seeking approval to launch Sundaram Value Fund-Series IX and X
S Krishna Kumar of Sundaram MF sees M&As to be spread across sectors, particularly on the financial side. He also sees auto ancillaries being a much larger sector ahead.
I think well-diversified portfolio would be good performer with a medium-term approach, said S Krishna Kumar of Sundaram Mutual Fund.
CL Educate today raised nearly Rs 72 crore from anchor investors by issuing shares at a price of Rs 502 apiece.
We have made consistently good money over the past whenever we have capitalised on events – be it Brexit, Trump election, demonetisation etc,
The stock market has digested most of the news post demonetisation and emerged relatively unscathed, says S Krishna Kumar, CIO Equity at Sundaram Mutual Fund.
The company has also lined up four new products for launch in the next few months.
S Krishna Kumar, CIO - Equity at Sundaram Mutual Fund is of the view that one can add NBFC stocks on weakness.
Speaking to CNBC-TV18 Sunil Subramaniam, CEO of Sundaram Mutual Fund, said that some of the discretionary money has moved into the arbitrage segment. “There has been a spike in the discretionary amount because arbitrage funds have seen significant flows. In the next three months there will be enough news to impact market.â€
S Krishna Kumar, CIO Equity, Sundaram Mutual Fund is positive on chemical space.
India is the only pack in emerging markets which has a domestic consumption story building on its own, independent of volatility from global news, according to Sundaram Mutual Fund CEO Sunil Subramaniam.
Krishna Kumar's advice to retail investors is to top up their systematic investment plans with lumpsum investments when there is a big correction in the market. He does not see a significant correction coming in the short term.
Cement sector will be the biggest beneficiary of government spend and infrastructure projects, says S Krishna Kumar, CIO Equity, Sundaram Mutual Fund.
S Krishna Kumar, CIO-Equity at Sundaram Mutual Fund, in an interview to CNBC-TV18 says the tactical shift in the portfolios of many asset manager has moved towards the rural India and income level has also shown an uptrend in rural areas.