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Edelweiss MF has launched the Edelweiss Business Cycle Fund, an open-ended equity scheme which will invest in business cycle-based themes using factor approaching style. The fund aims to create three baskets representing quality, growth and value stocks to minimize the cyclicality of any single factor. Within each basket, the fund will include 50-60 stocks primarily focusing on large and midcap stocks.
The NFO opens on July 9,2024 and closes on July 23, 2024.
In a press release, Radhika Gupta, MD & CEO, Edelweiss MF said, “The Edelweiss Business Cycle Fund provides investors with a convenient and unique solution by implementing dynamic sector rotations. This strategy effectively addresses the common challenge of timing sector entries and exits, which investors often struggle with. Momentum has been the best performing factor in India for many years, and when combined with other fundamental factors, it proves highly effective in generating long-term alpha. Investing across various sectors and market caps, this fund offers a robust solution for core allocation with a long-term focus.”
