New Delhi, Feb. 26 -- Equity investing is typically associated with long-term growth and the power of compounding. However, market history consistently reminds investors of an important reality - markets move through cycles. Economic conditions evolve, sector leadership changes, and periods of strong optimism are often followed by phases of moderation and uncertainty.

For investors, this cyclicality presents a practical challenge: how can portfolios remain aligned with changing market environments without resorting to short-term speculation or reactive decision-making?

One approach that seeks to address this question is business cycle investing. Built on the understanding that different phases of the economic cycle tend to favour differ...