Amidst the economic slump during the COVID-19 crisis, the equity market witnessed several sectors such as Pharma and IT outperforming in a short span of time. Now with the domestic economy showing signs of revival and expectation of further growth, depressed sectors could make a comeback and the market could soon witness new sectoral leaders.<\/p>\n\n\n\n
Such shift in business cycles can provide room to identify investment opportunities across sectors\/themes\/market caps.<\/p>\n\n\n\n
ICICI Prudential Business Cycle Fund<\/strong>, the latest offering from ICICI Prudential AMC<\/a> will aim to identify wealth creation opportunities from such business cycle shifts.<\/p>\n\n\n\n Mr S Naren, ED and CIO of ICICI Pru AMC is of the view that for the next 10 years central banks and macro trends will drive the market, which makes business-cycle oriented investing the way forward.<\/p>\n\n\n\n As a thematic fund, ICICI Pru Business Cycle Fund has a mandate to invest minimum 80% of its assets in equity & equity related instruments following business cycles based investing theme. The performance benchmark index of the fund is Nifty 500Total Returns Index.<\/p>\n\n\n\n ICICI Pru Business Cycle Fund is an open-ended equity scheme that will seek to generate long-term wealth creation by investing Indian markets with the focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.<\/p>\n\n\n\n Table 1: Details of ICICI Pru Business Cycle Fund<\/em><\/strong><\/p>\n\n\n\n