L&T Business Cycles Fund will place sectoral bets based on economic activity
August 1, 2014
The new equity scheme from L&T Mutual Fund aims to invest in companies that are strategically placed to make the most of the economy’s business cycles
Moneylife Digital Team
L&T Mutual Fund has launched an open-ended equity scheme on Wednesday— L&T Business Cycles Fund. This equity diversified scheme, which will keep a minimum allocation of 65% to equity, would have no static market-cap bias or sector bias and will invest across companies and industries depending on the economy’s business cycle. The offer document of the scheme states that the investment objective will “focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.”
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