Sundaram Mutual Fund launches Balanced Advantage Fund

Sundaram Mutual Fund launched a dynamic asset allocation fund called Sundaram Balanced Advantage Fund on February 14, which remained open for subscription until February 28.

The open-ended fund scheme was launched with the aim of providing accrual income and capital appreciation by dynamically managing the asset allocation between equity, fixed income, REITs, InvITs and equity derivatives.
S Krishnakumar, Chief Investment Officer-Equity, Sundaram Mutual Fund, said “Depending on prevailing market and economic conditions, the fund manager will decide asset allocation across these asset classes without giving up tax-efficiency.”

“The investment strategy of the fund will be to build a multi-cap portfolio and allocation will be based on valuation differentials in price to equity ratio across market cap and sectors,” said Krishnakumar.