The Hindu Business Line : StanChart lines up another equity fund

STANDARD Chartered MF has worked out an equity fund aimed at investors looking for a focused, aggressive portfolio of fundamentally good businesses. If permitted by the SEBI, this will be the MF's third equity product.

The proposed Standard Chartered Imperial Equity Fund will try to generate capital appreciation and provide income distribution from a portfolio of predominantly equity and equity related instruments.

The MF has named Mr Kenneth Andrade as the fund manager. The scheme, the offer document filed with SEBI has mentioned, will invest in well-managed companies that are available at reasonable value.

Companies would be identified through a process of forecasting earnings based on an understanding of the industry's growth potential and interaction with the management to grasp the company's core competencies.

Sustainable company profits drives long-term share value, the MF has stated, adding that the fund manager will focus mainly on the fundamentals of the underlying company.

"Stock prices of companies that can sustain periods of high cash profit growth will outperform the markets over the long term. Investors entering this scheme are therefore expected to have at least a one year time horizon."

The fund in normal circumstances will be at least 65 per cent invested in equity and equity-related instruments, an allocation that may be increased to 100 per cent.

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