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Mahindra Manulife Mutual Fund recently launched a cyclical fund. The New Fund Offer (NFO) is an open-ended thematic fund that invests in cyclical companies and is open for subscription until September 4, 2023. The fund will be co-managed by Krishna Sanghavi, Chief Investment Officer, Equities, and Renjith Sivaram Radhakrishnan, Equity Fund Manager.In an exclusive interview with CNBCTV18.com, Sanghavi opened up about the approach behind the new fund and business cycle funds in general. The fund focuses on various ways to study the market, including market capitalization (small, medium and large), flexible capitalization (flexicap), sector classification such as IT, consumption and…

Cyclical funds are all the rage, but should you invest in them? India is in the midst of an economic and business expansion cycle. Cyclical funds, which seek additional exposure to companies that benefit from economic expansion, have gained momentum over the past two years. The number of cyclical funds has now increased from just one fund in December 2020 to 10.Indian asset management companies like HDFC, Kotak, Axis and Aditya Birla Sun Life have come up with schemes in this category.From assets of Rs 518 million in December 2020; what do you get Ad-free experience Seamless navigation, faster…

Roanoke County is dollar tree at Oak Grove Plaza, county spokeswoman Amy Whitaker said.Oak Grove Plaza, a suburban shopping center located at 2065 Electric Road, is transitioning under new ownership. Management members of the real estate company that purchased the complex said the proceeds from leasing the vacant anchor space would be used to pay for needed maintenance work, including a new roof and air conditioning equipment. Parking lot resurfacing. Upgrade parking lot lighting and shopping center signage. and repainting the building.Dollar Tree, a Chesapeake-based chain of discount variety stores that previously sold most of its items for $1, raised…

Navigating China’s intricate F&B regulatory system stands paramount in safeguarding the quality and safety of imported food products. Despite this rigorous framework, a substantial volume of food imports face rejection or destruction annually due to non-compliance or irregularities in quality. This not only incurs losses for both importing and exporting enterprises but can also lead to severe consequences like license revocation and future trade exclusion. With these high-stakes scenarios in mind, companies must remain vigilant, keeping up-to-date with evolving food regulations, and ensuring that their products align with essential import procedures. China emerged as the second-largest global importer of food…

The private sector should be a natural partner in tackling the growing problem of climate change. After all, the business community has the ability to respond to the rapid innovation, scalability, and systemic change needed to successfully curb emissions and meet climate goals. I have seen first-hand this unique opportunity for private sector leadership. Most of my waking hours are focused on her two important areas: conservation and business. And because we have a foot in each of these worlds, I strongly believe that the business community can and should lead the way towards a more sustainable future. The private…

The private sector should be a natural partner in tackling the growing problem of climate change. After all, the business community has the ability to respond to the rapid innovation, scalability, and systemic change needed to successfully curb emissions and meet climate goals. I have seen first-hand this unique opportunity for private sector leadership. Most of my waking hours are focused on her two important areas: conservation and business. And because we have a foot in each of these worlds, I strongly believe that the business community can and should lead the way towards a more sustainable future. It will…

turk_stock_photographer/iStock.com As a small business owner, you're always striving to make more money because revenue is the lifeblood of your business. Without it, you can't hire staff or take your business to the next level. Luckily, many of the small business owners before you were able to grow their small businesses into big ones. Read: 5 Ways to Generate Passive Income with AI We'll look at how to turn your small company into a million-dollar business with these three steps from Jeff Rose, CFP and founder of GoodFinancialCents.com. Step 1: Identify the opportunity Before you can increase your revenue and…

Optimize human and AI workmercer Even by the relatively high standards of the technology industry, the hype surrounding generative AI may have broken new ground. McKinsey estimates that this technology could create between $2.6 trillion and $4.4 trillion in annual economic value across industries ranging from banking to life sciences. Chat GPT, perhaps the most well-known example of generative AI, reached 100 million users two months after its launch, and most estimates now have more than 1 billion users. The analysis below is based on several recent studies and the framework for analyzing the impact of automation on jobs described…

A game beyond the field The National Football League has a system in place for scoring touchdowns, tackles, or NFL Lines Week 1It's a multi-billion dollar empire. A deep dive into the business side of the NFL — its vast revenue streams, hefty player salaries, and complex television contracts — offers a comprehensive look at the fascinating intersection of sports and commerce. Driver: NFL revenue The NFL's business power starts with its massive revenue, and this money flows from multiple sources. Merchandise sales: Jerseys, hats and other NFL gear generate millions of dollars in revenue each year. Ticket sales: Each…

Chip Somodevilla/Getty ImagesAmazon founder Jeff Bezos' net worth has fluctuated widely, going from $200 billion in August 2020 to $156.6 billion today. In billions of dollars, what's nearly $50 billion less? He remains the third richest person on the planet, behind Elon Musk and French businessman Bernard Arnault. Bezos owns about 10% of Amazon, holding about 990 million shares. Although he stepped down as CEO in 2021 to become chairman, he has publicly said he is still thinking about how to make Amazon the best company it can be.Read: 6 steps to take to become a millionaire by age 30See…