{"id":3613,"date":"2022-08-12T12:42:56","date_gmt":"2022-08-12T12:42:56","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3613"},"modified":"2022-08-12T12:42:56","modified_gmt":"2022-08-12T12:42:56","slug":"navi-nifty-india-manufacturing-index-fund","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/navi-nifty-india-manufacturing-index-fund\/","title":{"rendered":"Navi Nifty India Manufacturing Index Fund"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Did you know that manufactured goods account for ~70% of India\u2019s 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.<\/span><\/p>\n<p><b>Why should you invest in the Navi Nifty India Manufacturing Index Fund?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Robust Demand<\/b><span style=\"font-weight: 400;\"> &#8211; Increasing demand in the last 3 quarters<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Regulatory Push<\/b><span style=\"font-weight: 400;\"> &#8211; Several schemes launched by Government of India recently<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increasing Investments<\/b><span style=\"font-weight: 400;\"> &#8211; by Direct and Foreign investors in India<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strong Indicators<\/b><span style=\"font-weight: 400;\"> &#8211; towards this industry picking up after Covid19<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Favourable Macro Environment<\/b><span style=\"font-weight: 400;\"> &#8211; Benefitting from changing global dynamics in supply chain<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">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\u2019s growth story.<\/span><\/p>\n<p><b>Let\u2019s see the features of the fund<\/b><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Benchmark for this scheme will be &#8211; Nifty India Manufacturing TRI (Total Return Index) &#8211; An open-ended equity scheme replicating \/ tracking Nifty India Manufacturing Index.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><b>NFO Details<\/b><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Event<\/b><\/td>\n<td><b>Date<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Navi Nifty India Manufacturing Index Fund NFO Opens<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12 August<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Navi Nifty India Manufacturing Index Fund NFO Closes<\/span><\/td>\n<td><span style=\"font-weight: 400;\">23 August<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Navi Nifty India Manufacturing Index Fund Allotment Date<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26 August<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Steps for applying for the NFO<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Log in to your Paytm Money<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select Navi Nifty India Manufacturing Index Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enter Amount you wish to invest<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay via UPI\/net banking<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Disclaimer &#8211; 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 \u2013 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.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you know that manufactured goods account for ~70% of India\u2019s 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<a href=\"https:\/\/www.paytmmoney.com\/blog\/navi-nifty-india-manufacturing-index-fund\/\">Continue reading <span class=\"sr-only\">&#8220;Navi Nifty India Manufacturing Index Fund&#8221;<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":3614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-3613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nfo"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3613"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/3614"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}