The investment objective of the scheme is to provide long-term capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks at different stages of business cycle. There is no assurance that the investment objective of the Scheme will be achieved.
Investment Strategy for Equity Investments The Scheme aims to generate capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks at different stages of business cycle. A business cycle broadly covers phases of expansion and contraction. During the expansion phase, the economy generally experiences an uptrend in economic activity. On the other hand, during the contraction phase, the economic activity goes through a downtrend. The fund manager will consider multiple macroeconomic and business cycle indicators to understand the prevailing conditions. Some of the indicators considered include GDP Growth, Inflation, Corporate Profitability Trend, Credit Growth, Interest Rate Cycle, Capacity Utilization, Retail Sales and Industrial Production. The scheme aims to take higher exposure to sectors that are going through or expected to go through an uptrend. Similarly, the scheme will attempt to take cut down exposure to sectors that are going through or expected to go through a downtrend. By doing this, the scheme attempts to benefit from long term trends as well as short term opportunities. Given the business cycle approach, the fund may not have investments across all sectors at a given time.
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