Most investors start with "which stocks should I own?" Our Business Cycle Fund starts a step earlier: which sectors, and when? The sector decides most of what a stock can do. A good company in the wrong phase of its cycle struggles, while an average one in the right phase rides the tide. Within a sector, timing is the whole game. Here's how that shows up in the fund's current positioning: → Cement: production is growing, government infrastructure spend sets a floor, and margins sit closer to a trough than a peak. Early in the cycle. → Financials: credit growth is healthy, yet several lenders still trade below their long-period valuation averages. Not yet priced in. → Metals: steel faces structural Chinese overcapacity, aluminium is near its highs, and fresh iron ore supply is on the way. Late in the cycle. One question, asked in each industry's own cycle: where are we, and is the evidence improving or fading? That's how the fund holds 24 of 51 Nifty 500 industries, with a deliberate zero in five. See the full sector-by-sector cycle read in the Business Cycle Fund presentation: tinyurl.com/perk2typ @KalpenParekh @ManishRathiDSP

Is your portfolio as diversified as you think? Most of us own a few funds and assume our money is well spread out. Often, a good part of it sits in the same handful of companies everyone is talking about. Popular companies can look great. A value investor’s job is to check whether the price still makes sense. Join @abhishec_s , Fund Manager, DSP Mutual Fund, to learn: - What makes a stock good value, and what to avoid - Where opportunities are showing up across large, mid and small companies - How these views shape real investment decisions 🗓️ Tuesday, 13 October 🕓 4:00 PM IST 🔗 Register: tinyurl.com/zmas13o

With changing market conditions, could banks be entering a more favourable phase? In this clip from the October edition of On Record with Anish, we explore what is shaping our view on the banking sector and why it remains one of our stronger calls. Watch the short below, or catch the full conversation for more on markets, sectors and portfolio positioning. Watch the full webinar: tinyurl.com/orecwanish2 #OnRecordWithAnish #BankingSector #DSPMutualFund