Navi Nifty India Manufacturing Index Fund3 min read
Did you know that manufactured goods account for ~70% of India’s total exports? Exports of manufactured goods have grown by ~2.5x in the last 10 years. After experiencing a slump due to COVID-19, demand for manufacturing industry has been on the rise for the last 3 quarters and is poised to grow consistently.
Why should you invest in the Navi Nifty India Manufacturing Index Fund?
- Robust Demand – Increasing demand in the last 3 quarters
- Regulatory Push – Several schemes launched by Government of India recently
- Increasing Investments – by Direct and Foreign investors in India
- Strong Indicators – towards this industry picking up after Covid19
- Favourable Macro Environment – Benefitting from changing global dynamics in supply chain
The manufacturing industry has reached pre-covid levels and is poised to grow manifold in the coming years. We see a strong push by the Government of India (GoI) to encourage companies to develop, manufacture and assemble products made in India and incentivize dedicated investments in manufacturing. This gives investors a chance to be a part of India’s growth story.
Let’s see the features of the fund
The investment objective of the Scheme is to invest in companies whose securities are included in Nifty India Manufacturing Index and to endeavour to achieve the returns of the index as closely as possible, though subject to tracking error. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty India Manufacturing Index over the same period.
Benchmark for this scheme will be – Nifty India Manufacturing TRI (Total Return Index) – An open-ended equity scheme replicating / tracking Nifty India Manufacturing Index.
The fund will be managed by Mr. Aditya Mulki. Aditya has 6 years of experience as an Equity Analyst, Quantum Advisors Ltd. Covered consumer staples, discretionary, building materials and media sectors (Dec 2015 to Sep 2021). He has been contributing to NAVI AMC from Oct 2021.
NFO Details
Navi Nifty India Manufacturing Index Fund is opening on 12 August. You can apply for the same and invest for a sum of more than Rs. 500.
| Event | Date |
| Navi Nifty India Manufacturing Index Fund NFO Opens | 12 August |
| Navi Nifty India Manufacturing Index Fund NFO Closes | 23 August |
| Navi Nifty India Manufacturing Index Fund Allotment Date | 26 August |
Steps for applying for the NFO
- Log in to your Paytm Money
- Select Navi Nifty India Manufacturing Index Fund
- Enter Amount you wish to invest
- Pay via UPI/net banking
Disclaimer – Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Paytm Money Ltd SEBI Reg. No. INA100009859, Regd. Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. The MF/NFO offering is non Exchange traded products and Paytm Money Ltd (PML) is acting as an agent for distributing the same. Please note all disputes with respect to the distribution activity, would not have access to the Exchange investor redressal forum or Arbitration mechanism. This information is purely based on publicly available data and in no way to be considered as advice or recommendation.
