ICICI Pru Mutual Fund launches Business Cycle Fund
ICICI Pru Mutual Fund, one of the leading asset management companies in the industry has recently come up with a new open-ended equity plan with the name – ICICI Prudential Business Cycle Fund. The main purpose of this fund is to provide long term wealth creation by investing in equity and equity related securities with a concentration on riding business cycles via dynamic provision between different sectors and stocks. Here are the major highlights of the newly launched business cycle fund: Investment Process · The Fund Management & Analysts choose the most suitable investment theme considering the ongoing market pattern. · The Fund Management team picks opportunities in this specific domain. Investment Sphere Occasions from the Nifty 500 TRI sphere are considered for investment Investment Approach A genuine top-down approach based on different macro indicators – inflation, growth, deficit, etc. Assessment Cyclic/even based evaluation of t