NFO: ICICI Prudential Business Cycle Fund

By Morningstar |  22-12-20 | 
 

ICICI Prudential Mutual Fund announced the launch of ICICI Prudential Business Cycle Fund, an open-ended equity scheme that will focus on riding business cycles through dynamic allocation between various sectors and stocks.

The fund will follow a top-down approach right from monitoring macro indicators (global and domestic), identifying business cycle followed by determining suitable theme/sectors and selecting the stocks within these sectors/themes.

An ongoing business cycle may extend or shorten depending on the macroeconomic conditions and the fiscal and monetary policy response by the government and central banks during a business cycle. Such times can often provide appropriate opportunities for investment.

The scheme will be managed by Anish Tawakley, Ihab Dalwai and Manish Banthia. The benchmark of the scheme is Nifty 500 TRI.

The new fund offer opens on December 29, 2020 and closes on January 12, 2021.

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