Its new fund offer (NFO) opened for subscription on November 27, 2024, and will close on December 11, 2024. DSP joins 16 other funds which collectively manage assets worth ₹33,325.4 crore.
Investment strategy Business cycle funds employ a two-step approach to invest in opportunities across sectors, themes, and market capitalisations. "In step one, the top-down approach focuses on macroeconomic indicators like inflation, economic growth, and fiscal deficit to determine which sectors are likely to perform well during specific phases of the cycle. In step two, from the identified sectors, individual stocks are chosen based on a detailed analysis of various financial parameters to ensure alignment with the overarching strategy," says Chintan Haria, principal-investment strategy, ICICI Prudential Mutual Fund.
This story is from the December 03, 2024 edition of Business Standard.
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This story is from the December 03, 2024 edition of Business Standard.
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