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Intermediate

Understanding Business Cycles and Their Impact on Asset Classes

An asset-allocation-focused course on how equities, bonds, gold, real estate, cash, and currencies each behave across the four phases of the business cycle, built for investors and finance professionals who want a working macro lens rather than a forecasting model. Covers sector rotation on the Nifty, how RBI rate cycles move bond prices and credit spreads, why gold and real estate follow different clocks than the business cycle, and how to build and rebalance a multi-asset Indian portfolio through a full cycle without overtrading it.

MODULES

5

DURATION

~3.1 hrs

TRACK

Macro & Markets

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: The Business Cycle, Asset-Class Lens

3 Lessons

What a Business Cycle Is and Why Asset Prices Move With It10 min read

The Four Phases: Expansion, Peak, Contraction, Trough12 min read

India's Cycle vs the Global Cycle: Why They Don't Always Sync12 min read

Chapter 2: Equities Through the Cycle

3 Lessons

Sector Rotation: Which Nifty Sectors Lead in Each Phase13 min read

Growth vs Value, and Large Cap vs Small/Midcap Across the Cycle12 min read

Corporate Earnings and Margins: How They Move With the Cycle11 min read

Chapter 3: Fixed Income and Rates Through the Cycle

3 Lessons

The RBI Rate Cycle and Bond Prices: The Basic Mechanics12 min read

Duration Risk: Why Long Bonds Swing More Than Short Ones11 min read

Credit Risk in Corporate Bonds: Wider in Contraction, Tighter in Expansion11 min read

Chapter 4: Alternative and Real Assets Through the Cycle

4 Lessons

Gold as a Cycle Hedge: When It Works and When It Doesn't12 min read

Real Estate's Long, Slow Cycle Versus the Business Cycle12 min read

Cash and Money Market Instruments: The Underrated Cycle Asset10 min read

Commodities and Currencies: INR, Crude, and the Import Bill12 min read

Chapter 5: Building a Cycle-Aware Portfolio

3 Lessons

A Practical Asset Allocation Framework by Cycle Phase13 min read

Common Mistakes: Overtrading the Cycle and Chasing Late-Cycle Winners11 min read

Putting It Together: A Sample Indian Multi-Asset Portfolio Across One Full Cycle14 min read