ICICI Prudential Business Cycle Fund : Reading economic indicators
Satya Sontanam
BL Research Bureau |
Updated on
January 09, 2021
The fund’s investment theme is based on economic phases such as recession, recovery, growth ICICI Prudential Mutual Fund has launched a new fund offer (NFO) ICICI Prudential Business Cycle Fund. This is an open-ended scheme with an investment theme based on various phases of economic activity such as recession, recovery and growth.
The NFO closes on January 12.
Investment strategy
The fund follows a top-down approach for stock selection. Higher weightage is given to factors such as economic and sectoral indicators, monetary policy response of central banks, growth and inflation than to the fundamentals of the company. Because, the fund house believes that markets are going to be volatile going ahaed and opportunities exist in being nimble and shifting between sectors as macro environment changes.
ICICI Prudential Mutual Fund launches Business Cycle Fund
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Last Updated: Dec 21, 2020, 01:46 PM IST
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Synopsis
The scheme aims to provide long term wealth creation by investing in equity and equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks.
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ICICI Prudential Mutual Fund has launched the ICICI Prudential Business Cycle Fund, an open-ended equity scheme. The New Fund Offer (NFO) opens on December 29 and closes on January
12. According the press release, the scheme aims to provide long term wealth creation by investing in equity and equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks.