Fund Facts
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Name of Fund:Navi Nifty India Manufacturing Index Fund
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Opening:12th August 2022
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Closing:23rd August 2022
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Scheme Type:Open Ended Equity Index Funds
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Minimum Investment:Rs. 500/- and in multiples of Re. 1/- thereafter
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Plan:Regular and Direct
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Options:Growth
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Entry Load:Nil
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Exit Road:Nil
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Thereafter:Nil
Fund Stats
The investment objective of the scheme is to achieve return equivalent to Nifty India Manufacturing Index by investing in stocks of companies comprising Nifty India Manufacturing Index,subject to tracking error.
Benchmark:
NIFTY SERVICE SECTOR
Fund Manager:
Aditya Mulki
Asset Allocation
Comparable existing schemes
| Taurus Nifty 50 Index Fund | 7.08(6M) | 1.83(1Y) |
| Motilal Oswal Nifty 50 Index Fund | 6.93(6M) | 2.00(1Y) |
Fund Prognosis
An index fund that bets on manufacturing. Make in India and the other attendant monikers to make good the segment. Manufacturing, the back tested data, will no doubt show the turnaround and growth potential in manufacturing. Being an index, it would definitely be an easy manage.
Fund House AAUM:
Rs. 135283.78 Lakhs (as on 30th June 2022)
Fund Manager:
Experience of above 6 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
It will need loads of oomph for this sector to be oomphy. However, there is a segment that seems to be convinced that the sector has turned around for sure. If you are fine with the latter, do put your money in. I wouldn’t.