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IDFC Mutual Fund has launched IDFC Transportation and Logistics Fund, an open-ended equity scheme investing in transportation and logistics sector.
In a press release, Vishal Kapoor, CEO, IDFC AMC said, “Rapid urbanization is accelerating growth in personal mobility requirements. Additionally, powerful enablers like a strong demand-led recovery cycle and margin improvement provides visibility for strong earnings growth for the transportation and logistics sector. Growth in this sector is expected to be driven by rising aspirations, enhanced infrastructure, a surge in volumes and export-driven opportunities.”
Daylynn Pinto, Fund Manager for IDFC Transportation and Logistics Fund added, “The Transportation and Logistics sector consists of 16 sub-sectors, providing a wide spectrum of investment opportunities and facilitating effective diversification of the portfolio. The fund has a bottom-up stock selection approach with investment across market cap segments, facilitating focus on the business- specific aspects and aligning the execution with a medium to long-term view. Further, the fund invests predominantly in companies that are part of the transportation and logistics sector with the flexibility to allocate up to 20% of its net assets to international businesses and companies of other sectors that have a compelling risk-reward opportunity.”
