Edelweiss Mutual Fund launches ‘Edelweiss Business Cycle Fund’
Edelweiss Asset Management Limited (EAMC/EMF), one of India’s fastest-growing AMCs, has launched the Edelweiss Business Cycle Fund. This new open-ended equity scheme, open for subscription from July 9, 2024, to July 23, 2024, employs a business cycle-based investment theme designed to capture market opportunities effectively. The Edelweiss Business Cycle Fund uses a factor investing approach* to create three baskets representing quality, growth, and value stocks. By diversifying across these baskets, the fund minimizes the cyclicality of any single factor. Within each basket, the fund selects the highest momentum stocks, resulting in a diversified portfolio of 50-60 stocks. The fund aims to dynamically rotate between sectors over different time periods.
LAVA introduces Blaze X
Lava International Ltd., the leading homegrown Smartphone and wearable brand, announces expansion of its Blaze series with the launch of its latest offering, the all-new Lava Blaze X. Setting new benchmarks in the affordable smartphone segment, the Blaze X comes with the segment's first Curved AMOLED display. The new Blaze X comes in two stunning colors variants Starlight Purple and Titanium Grey. It will be available on Lava e-store and Amazon starting 20th July.