The new fund offer or NFO of the scheme will open for subscription on September 10 and close on September 24. The scheme will reopen for continuous sale and repurchase on October 1.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments, with a focus on leveraging economic cycles through dynamic allocation across various sectors and stocks at different stages of economic cycles of the economy.
The scheme will be benchmarked against the NIFTY 500 TRI index. The scheme will be managed by Vishal Biraia, Ritika Behera, Harshal Joshi and Gaurav Satra.
An exit fee of 0.5% of the applicable net asset value will apply if redeemed or exchanged within 30 days of the allocation date. The exit fee will be void if redeemed or exchanged after 30 days from the allocation date.
The minimum investment amount for lump sum purchase is Rs 1,000 and in multiples of Rs 1 thereafter. For SIP, the minimum amount is Rs 100 and in multiples of Rs 1 thereafter with a minimum of six instalments. The scheme will allocate 80-100% in selected equity and equity-related instruments based on the economic cycle, 0-20% in equity and equity-related foreign securities, 0-20% in debt securities and money market instruments (including government securities, securitised debt) and 0-10% in units issued by REIT (Real Estate Investment Trusts) and InviteThe scheme will be suitable for investors who are looking to build wealth over the long term and want to invest primarily in stocks and stock-related instruments of companies that follow an investment theme based on the economic cycle. The capital invested in the scheme will be at “very high” risk as per the scheme’s risk meter.
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