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Baroda BNP Paribas MF has launched Baroda BNP Paribas Manufacturing Fund, an open-ended scheme that will invest in stocks of companies engaged in manufacturing activities.
Manufacturing companies include companies that directly engage in manufacturing activity, aim to replace India’s imports by manufacturing domestically, focus on export goods, invest in new manufacturing plants and facilities, support the development of new-age technology solutions and offer allied services related to the entire manufacturing lifecycle.
In a press release, Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund, said, "The scheme offers a compelling investment opportunity as the manufacturing sector is poised for multi-decade growth fueled by growing consumption, investments, exports, changing geopolitical dynamics and favorable government policy.”
The scheme will be managed by Jitendra Sriram.
