Motilal Oswal Asset Management Company (MOAMC) today announced the launch of its latest new fund offer “Motilal Oswal Manufacturing Fund”. The new thematic fund by MOAMC is an open-ended equity scheme following manufacturing theme. The NFO period is from July 19 to August 2.
The fund will be benchmarked against Nifty India Manufacturing Total Return Index. The fund will focus on investing in a unique hi-conviction focused manufacturing portfolio (upto about 35 stocks) of high growth themes which shall benefit from current capex cycle. The fund aims to maintain a well-balanced portfolio with 80-100 per cent exposure in each of manufacturing stocks.
Prateek Agrawal, MD and CEO of Motilal Oswal Asset Management Company, said, “The evolving geopolitical scenario and domestic economic strength strategically positions India as an emerging manufacturing hub in the world. The sector is expected to gain interest and witness an upward mobility of investments from the international investors increasing exports to 4.5% by 2031, up from approximately 1.5 percent at present. Government has also set an ambitious target of 25 per cent of the Indian economic output for manufacturing by 2025. When looked at India’s lower manufacturing wage cost compared to other SEA nations, along with a labour productivity growth of 6.2 per cent compared to China’s 4.2% for FY24, it indicates that India has an advantage over other nations in terms of increased production. With China+1 theme playing out, India is expected to benefit from the shift of production outside China.”