Name: Should You Take A Bite Of The Manufacturing Growth Pie With Axis India Manufacturing Fund?
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Should You Take A Bite Of The Manufacturing Growth Pie With Axis India Manufacturing Fund?

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Axis Mutual Fund, India’s eighth largest fund house, has come up with India’s fourth actively managed manufacturing-based thematic fund, Axis India Manufacturing Fund. The scheme will be managed by Shreyash Devalkar and Nitin Arora. The fund will track the Nifty India Manufacturing –TRI index. The minimum subscription amount is Rs 5,000 and in multiples of Re 1.The fund has been launched at a time when the manufacturing index is soaring high. In the last one year, the broadly-tracked index NSE-Nifty 50 TRI has delivered 8.45 per cent, while the manufacturing index, Nifty Indian Manufacturing-TRI has delivered 21.47 per cent returns.Says B. GopKumar, managing director and CEO, Axis Asset Management Company (AMC): “The Axis India Manufacturing Fund arrives at a critical juncture where India’s economy is being fuelled by strategic initiatives like ‘Make in India’, and a spate of reforms. This thematic fund is designed to capitalise on India’s growing momentum, focusing on sectors that stand to redefine India’s industrial contours. We invite investors to embrace the future with Axis India Manufacturing Fund, a fund that’s engineered to grow with India’s manufacturing ambitions.”At present, there are three actively managed (ICICI Prudential Manufacturing Fund, Kotak Manufacture in India, and Quant Manufacturing Fund) and two passively managed (Mirae Asset Nifty India Manufacturing ETF and Navi Nifty India Manufacturing index fund) manufacturing-based thematic funds in existence. Of these, ICICI Prudential Manufacturing Fund is the oldest scheme in this space.

Axis Mutual Fund, India’s eighth largest fund house, has come up with India’s fourth actively managed manufacturing-based thematic fund, Axis India Manufacturing Fund. The scheme will be managed by Shreyash Devalkar and Nitin Arora. The fund will track the Nifty India Manufacturing –TRI index. The minimum subscription amount is Rs 5,000 and in multiples of Re 1.The fund has been launched at a time when the manufacturing index is soaring high. In the last one year, the broadly-tracked index NSE-Nifty 50 TRI has delivered 8.45 per cent, while the manufacturing index, Nifty Indian...

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Kundan Kishore

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Should You Take A Bite Of The Manufacturing Growth Pie With Axis India Manufacturing Fund?

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