ICICI Prudential MF floats open-ended scheme based on business cycle

ICICI Prudential MF has launched ICICI Prudential Business Cycle Fund, an open-ended scheme that aims to identify and invest in opportunities across sectors, themes, and m-caps, based on the prevailing business cycle. 

The fund will employ a top-down approach using macro indicators such as inflation, growth, and deficit, and scout for opportunities in the Nifty 500 universe. The NFO closes on January 12.

“Most of the events that have a marked impact on the markets cannot be predicted. What we do is to keep looking at the business cycle, understand where we are placed in terms of that cycle to make an