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Empty lanes while driving. Crowded lanes while investing. That’s how cycles are born. Marking nine years of Zvest, we wanted to bring forward a discussion that challenges widely held assumptions about fund rankings and investor behaviour. In this special episode, Kalpen Parekh, MD & CEO, DSP Mutual Fund, shares perspectives that are rarely voiced but deeply relevant for anyone managing long-term capital. His explanation of how cycles begin, peak and unwind is grounded in real data and real experience — and offers a level of insight that is not easily found elsewhere. If you are looking to understand mutual fund cycles beyond headlines and rankings, this conversation is well worth your time. #MutualFundCycles #CyclicalityInMutualFunds #Q1toQ4 #MutualFundRanking #MutualFundPerformance #WhichMutualFundsToInvest #ChasingPastReturns #KalpenParekh #DeepDive #DSPMutualFund #InvestingBehaviour #InvestingPrinciples #InvestingWisdom #AMFI #BehaviouralFinance #MutualFundSahiHai #InvestmentManagement #InvestmentAdvisory #CFASocietyindia #CFA #ActiveMutualFunds #MFs #Fundmanagement #BestInvestment #PowerOfCompounding #Diversification