HDFC Mutual Fund launches HDFC Business Cycle Fund

HDFC Asset Management Company has launched HDFC Business Cycle Fund which aims to invest in businesses likely on the cusp or in the midst of a favourable business cycle.

According to the fund house, the fund will manage risks by being adequately diversified across sectors / sub sectors / market cap, and across a number of stocks. It is therefore a well-diversified fund suitable for long term investments via both lumpsum and SIP. The business cycle investing may gain from dual benefits of earnings growth and improvement in valuations. In business cycle investing, one needs an agile investment strategy that dynamically rotates investments based on assessment of stages of business cycles.

“In an era marked by increasing complexities and shortening of business cycles, positioning portfolios well should be a rewarding activity. HDFC AMC aims to support investors to stay ahead by using a blend of top down and bottom up approach, leveraging strengths in its research and fund management team. The launch of this NFO is a further step in the direction of being the wealth creator for every Indian,” says Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management.