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HDFC Mutual Fund has launched HDFC Manufacturing Fund, an open ended thematic fund that will invest in manufacturing sector.
In a press release, the fund house said, “India's manufacturing sector stands at the cusp of an Amrit Kaal, a golden era, fuelled by various factors such as growing consumption, investments, and exports, coupled with changing geopolitical dynamics and the government's push for self-reliance through reforms and incentives. The fund seeks to capitalize on these tailwinds, offering investors an opportunity to participate in the country's transformation into a global manufacturing powerhouse.”
Rakesh Sethia, Fund Manager of HDFC Manufacturing Fund said, “Our investment style revolves around rigorous bottom-up research aimed at identifying companies with a compelling long-term growth story. We seek to construct a portfolio that balances established industry leaders with emerging disruptors, ensuring a diverse mix of opportunities within the manufacturing sector."
