HDFC Business Cycle Fund

HDFC Mutual Fund

By Rajendra Nov 13, 2022 New Fund Offer

Category

[{"selector":"#anim-33855862-44fc-49e2-b8f5-82ba556e82d1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Thematic Nifty 500 Scribbled Arrow Thick Brush Stroke

[{"selector":"#anim-1b72cc86-7858-4ae9-9090-148c976631d0","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5cdef4f3-2b82-42ea-b21d-4fe47bc81282","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Journey of business across 4 phases of business cycle- Expansion, peak, contraction, Through Image Credit - Unsplash

[{"selector":"#anim-32e09e8d-af13-4305-b36b-d6c9c1e8f5df","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4ad91f96-33b2-41b4-a963-15344d8c3653","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Estimating positioning of various business cycles & their trajectory can be done with higher confidence vs the general economic cycle Image Credit - Unsplash

[{"selector":"#anim-14b16a8d-4673-498c-97c4-a75436a1b11c","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-66ec979f-a482-4d4f-81bf-08a205c5bc2d","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Estimating positioning of various business cycles & their trajectory can be done with higher confidence vs the general economic cycle Image Credit - Unsplash

Investment Strategy

[{"selector":"#anim-d3fc7b47-873f-422e-b49c-ee9f04924409","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b3ca0154-e21e-41e1-9fb1-af02be5dc180","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] When businesses are in upcycle, get dual benefit of earnings growth and improvement in valuation multiples Image Credit - Unsplash

Investment Strategy

[{"selector":"#anim-c81c2d9b-740a-46b8-a994-e1eb74f03f7c","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9d107971-94f4-43b9-b241-05552f8c28a6","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Blend of top down and bottom up approach Image Credit - Unsplash

Investment Strategy

[{"selector":"#anim-d7927731-36c9-439c-bf08-6b24edb1ef96","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1e0cdcf0-a435-42b1-83ac-bf2f6bde7998","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Core of portfolio (>80%) would be companies likely on the cusp /midst of favourable business cycle Image Credit - Unsplash

Risk management

[{"selector":"#anim-416ef454-3c18-408e-8dd0-67902121be0d","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-03161270-7f50-4ed2-8454-c223c5e1be26","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Adequate diversification (across sectors / sub sectors / market cap) Image Credit - Unsplash

[{"selector":"#anim-9a00ecd1-d463-4866-bbe9-ea17803b940d","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2cc66383-c57c-42a3-8db7-e4c92f5fc9be","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] A product suitable for buy and hold / SIP for long term Investment horizon of 3 or more years Image Credit - Unsplash

More Stories

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HDFC Mutual Fund

HDFC Business cycle fund

Category

Benchmark

Fund Manager

Rahul Baijal & Priya Ranjan