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Canara Robeco Mutual Fund has launched Canara Robeco Manufacturing Fund, a sectoral fund focusing on the manufacturing sector.
In a press release, Rajnish Narula, CEO, Canara Robeco Mutual Fund said, “The fund will adopt a growth strategy aiming to capitalize on manufacturing trends and opportunities, investing across relevant sectors, representing the manufacturing theme. This fund will be suitable for established investors because of the thriving domestic demand, favourable policy reforms like Atmanirbhar Bharat, PLI, Make in India, Single Window Clearance and import substitution, robust and deleveraged corporate balance sheet and a stable political environment.”
The scheme will invest minimum 80% in manufacturing & allied stocks, 0-20% in equity and equity-related instruments of non-manufacturing themed companies, 0-20% in debt and debt market instruments and 0-10% in units issued by REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts).
The fund house said that the fund is suitable for investors looking for a long-term investment horizon of 5 years and above having lower short-term liquidity needs. The fund managers of this fund are Pranav Gokhale (Sr. Fund Manager) and Shridatta Bhandwaldar (Head Equities, Canara Robeco AMC).
