Motilal Oswal Manufacturing Fund Update: If you want to take exposure to companies related to the manufacturing sector, then Motilal Oswal Asset Management Company is going to launch a new thematic fund related to the manufacturing sector in the name of Motilal Oswal Manufacturing Fund, which will be an open-ended equity scheme.
The NFO (New Fund Offering) of Motilal Oswal Manufacturing Fund will open for application on July 19, 2024 and investors will be able to apply in this NFO till August 2, 2024. The objective of Motilal Oswal Manufacturing Fund is to invest in equity instruments of companies engaged in manufacturing activity, thereby helping investors in long-term capital formation.
Motilal Oswal Manufacturing Fund will be benchmarked to the Nifty India Manufacturing Total Return Index. If we look at the portfolio strategy of this fund, the focus of the fund will be on identifying and investing in 35 stocks with high growth themes in the manufacturing portfolio which will benefit from the capital expenditure cycle. The fund will aim to build a well-balanced portfolio and will have 80 to 100 percent exposure to each manufacturing stock.
On the launch of the manufacturing fund, Prateek Agarwal, MD – CEO, Motilal Oswal Asset Management Company, said, geo-political conditions and strong domestic economic conditions are helping India to strategically become an emerging manufacturing hub. People’s interest in the sector is going to increase. Foreign investors are expected to invest heavily in the sector, which will increase India’s exports to 4.5 percent of GDP by 2031, which is currently 1.5 percent. He said that the government has set a target of manufacturing 25 percent of India’s manufacturing output by 2025. He said that India will also benefit from moving production out of China. CIO Niket Shah said, manufacturing focused funds will help diversify investors’ portfolios.
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