Chennai-based Sundaram Mutual is celebrating its 25th anniversary this year. The AMC began with the objective of providing an alternative debt product for FD investors of parent company Sundaram Finance and later on branched into equity funds through partnerships with institutions such as Newton Asset Management, BNP Paribas and ABN Amro/Fortis. We caught up with Sunil Subramaniam, MD and CEO, Sundaram Mutual, who tells us what it means for an AMC to be based out of South India, as well as the fund house’s learnings in the past two decades. Excerpts:
Has your investment philosophy changed over the years, considering that you have shifted focus a few times?
I would say that we are growth-oriented. Our core philosophy has always been GARP — Growth at Reasonable Price — which is blended with a buy-and-hold strategy. So, the churn in a typical mid-cap portfolio, for instance, will be very less, because we like to identify the opportunities early, buy a little of them and keep on…
