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;
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