Fund houses line up to launch funds focused on business cycles. Should you invest?

Theoretically, a business cycles fund follows various cycles of the economy and manages its exposure to different sectors that are expected to do well based on the phase of the economy. These funds are thus less risky than the regular sectoral or thematic schemes because these focus on multiple sectors and not one particular sector. For example, in a recovery or boom phase of the economy, sectors like banking and financial services will do well.