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 the macro economic scenario and corresponding investment approach

 

If you’re looking to invest in this fund, you can do it through ICICI Direct. ICICI Direct is a leading full-service stockbroker that offers more than 2,500 mutual funds from more than 36 fund stores in the country. You can feasibly choose to diversify your investment portfolio with an extensive range of funds available with the broker. ICICIDirect offers all usual mutual funds. ICICI Direct charges Rs 30 or 1.5% of the investment value, whichever is lower, per transaction for investing through SIP route. It charges a flat Rs 100 for investing in mutual funds through the lump sum mode. For more details about the broker, you can read ICICI Direct Review that is easily available online.

 

 Another most popular plan by ICICI Direct is ICICI Direct Neo. Its salient features are:

 

• Quick liquidity, where you can get cash within 30 minutes of selling stocks as per their chosen scheme
• Access to ICICIdirect’s award winning research with over 300 companies under fundamental coverage
• Access to One-Click Portfolios - baskets of research curated theme-based (fundamental or technical or a mix of both) stocks or MFs
• Access to proprietary and third party trading instruments to receive the best out of any market situations
• Margin Trading Funding (MTF) at an interest rate of just 8.9% per annum, as per the chosen scheme

 

For those searching for the best stock broker in India, ICICI Direct is a great option. Over the years, the stock broker has carved a niche in the segment by offering a wide range of mutual funds to its clients in a hassle free and remarkable way.

 

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ICICI Direct enables investors to invest across more than 36 fund houses and 2,500+ schemes. All the schemes available on the ICICI Direct MF platform are regular mutual funds. To begin investing with the broker, you would be required to open a mutual fund account. If you investing for the first time, you need to undergo the KYC verification process. KYC is a mandatory process for every investor to invest in mutual funds. If you have done it already with other brokers, there is no need to repeat the process.