News From Press Mutual fund houses roll out manufacturing sector-focused schemes; should you bet on this hype?

Mutual fund houses roll out manufacturing sector-focused schemes; should you bet on this hype?

Source: ET Jun 3, 2024

As the buzz around India’s manufacturing sector grows, AMCs are eager to capitalise on the momentum. Fund houses have been lining up new fund offers (NFO) of equity funds focused on manufacturing. Mahindra Manulife AMC’s fund is currently open for subscription, while Baroda BNP Paribas AMC’s offering is waiting in the wings. In the past year, there have been five new launches, bringing the total to seven active and three passive funds with a manufacturing focus.

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