Religare Aegon the new AMC has filed an offer document with SEBI for its first equity fund – Religare Aegon Business Leaders Fund.
The fund will invest in stocks of the leading companies in their respective industry. The fund manager will look for certain parameters like better pricing power, superior cost structure, significant and sustainable competitive advantages, etc which will reflect through the company’s high market share, high return on equity or high growth rate. The fund can also invest in debt and money market instruments up to 20 per cent. There are atleast two other funds with similar portfolio focus – UTI Leadership and Sundaram BNP Paribas India Leadership.
Mr. Vetri Subramanium will be the designated fund manager of the scheme, once it gets regulatory nod. He has 14 years of experience in Indian equity market and prior to joining Religare Aegon Mutual Fund, he was the Chief Investment
Officer at Motilal Oswal Securities Limited. The fund will be benchmarked against S&P CNX Nifty Index.
The fund company awaits SEBIs approval to launch its liquid, liquid Plus, a FMP and its tax saving fund.