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Axis Mutual Fund has launched Axis Business Cycles Fund, an open-ended equity scheme following business cycles investing theme. Ashish Naik will manage the scheme.
In a press release, the fund house said, “We believe there are four primary phases of the business cycle being expansion, peak, slowdown, and trough. Every economy, and by extension, business goes through these phases. How long a phase will last, or when it will move into the next phase is uncertain. So, if one can identify cycles right, therein lies an investment opportunity. Identifying a business cycle is very much an art of identifying several indicators and then, framing a coherent investment opinion.”
Chandresh Nigam, MD & CEO, Axis AMC, said “If one were to assess India’s growth through a ‘Business Cycle’ lens, we are currently at an interesting position, between the expansion and peak phase. Multiple drivers are beginning to fall in place for investment cycle pick up in India. The fund follows the quality style of investing and offers no market cap bias to investors.”
