It aims to invest predominantly, between 95 per cent to 100 per cent, in equity securities which are complied with Rajiv Gandhi Equity Savings Scheme (RGESS), it was officially announced.
"We believe that quarterly GDP has bottomed out and the domestic economy is set to improve. Cyclical stocks are poised to benefit from this recovery," Deputy Chief Executive Officer of Sundaram Mutual Fund Sunil Subramaniam told reporters here.
He also said the company's new scheme is created with a bouquet of handpicked ideas intended to deliver value to investors.
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