The new fund offer of the scheme is open for subscription and will close on August 8.
The performance of the scheme will be benchmarked against Nifty India Manufacturing Index. The scheme will be managed by Sandeep Tandon, Ankit Pande, Sanjeev Sharma, and Vasav Sahgal.
The primary objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related instruments of companies that follow the manufacturing theme.
The scheme will invest 80-100% in equity and equity related instruments of companies with manufacturing theme, 0-20% in other equity and equity-related instruments of companies with other than manufacturing theme, 0-20% in debt and money market instruments, 0-20% in foreign securities including ADRs / GDRs / foreign equity and debt securities and overseas ETFs, and 0-10% in units issued by REITs & InvITs.
The scheme will invest at least 80% in manufacturing industries such as automobiles, auto ancillary, chemicals & pharmaceuticals, capital goods, engineering , electrical & electronics, food & beverages, textiles, consumer durables, building materials, defense & aerospace, and industrials. The scheme will invest in companies with strong profit potential from production & exports, on the back of technology & automation, including those benefiting from the government’s ‘Make in India,’ PLI, and export incentives The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme will offer a regular plan and direct plan – with growth and IDCW options. The minimum SIP amount is Rs 1,000 and multiple of Re 1.The scheme is suitable for investors who are seeking capital appreciation over the long term and to generate consistent returns by investing in equity and equity related instruments of manufacturing-centric companies.
