New Fund Offer: There is a possibility of rapid growth in the manufacturing sector of the country. In such a situation, ETFs of this sector can give better returns.
New Fund Offer: Due to the economic recovery and the central government’s ambitious plan ‘Make in India’ and Production Linked Incentive (PLI) scheme, there is a possibility of rapid growth in the manufacturing sector in India. In such a situation, investors can also get better returns from the growth of this sector. Mirae Asset Mutual Fund has launched ‘Nifty India Manufacturing ETF’ (MIRAE ASSET Nifty India Manufacturing ETF) today i.e. on January 10. This ETF will track the Nifty India Manufacturing Total Return Index.
The performance of this index has been consistently better than Nifty 50 for the last six calendar years (January-December) including the current financial year. Along with this, the same mutual fund company has also launched a fund of fund ‘Mirae Asset Nifty India Manufacturing ETF FOF’ for the manufacturing sector.
D-SIB: These three banks are important for the country’s GDP, if they sink, it will be a big blow to the economy.
Details of both the schemes
- Both the schemes offered by Mirae Asset Mutual Fund are open ended schemes.
- The NFO (New Fund Offer) has opened for both the schemes today but their subscription periods are different. Mirae Asset Nifty India Manufacturing ETF will remain open for subscription till January 20 and Mirae Asset Nifty India Manufacturing ETF FOF till January 24.
- In both the schemes, you will be able to invest at least 5 thousand rupees and after that in multiples of one rupee.
Course5 Intelligence IPO: After the bumper success of LatentView IPO of another data analytics company, papers submitted to SEBI
Highlights of both the schemes
- There is a lot of potential for growth in the coming times in electric vehicles, batteries, defense etc. Through both these schemes of Mirae Asset Mutual Fund, investors will get an opportunity to invest in these sectors.
- The Nifty India Manufacturing Index tracks the stocks of manufacturing giants and has outperformed the Nifty 500 Index during the economic recovery and Make in India campaign.
- The Nifty India Manufacturing Index has outperformed the Nifty 50 Index in the last 6 years including the current FY 2021 out of the last 8 calendar years (January to December).
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
.