NFO Alert: Baroda BNP Paribas Mutual Fund Launches Baroda BNP Paribas Manufacturing Fund

Investment ConsiderationsGovernment initiatives are significantly boosting the manufacturing sector, with a target to expand the manufacturing base from 17 per cent to 25 per cent of GDP. Several government schemes like Skill India, Atmanirbhar Bharat, and PLI schemes are providing technical and financial assistance to build in India.Manufacturing in India is poised for more growth as major economies diversify away from China to avoid supply chain shocks.  Several other factors position India to become a leading manufacturing hub such as positive Foreign Direct Investment (FDI) flows and India’s low manufacturing costs, combined with a large pool of educated young talent, make India a competitive option for global companies.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 fuelled by growing consumption, investments, exports, changing geopolitical dynamics and favourable government policy.” The scheme is benchmarked against Nifty India Manufacturing TRI which has provided 26 per cent and 23 per cent returns in 3 and 5 years respectively, as per the fund house.  

Buy cryptocurrency

Source link

Refer And Earn Demat Account – Get ₹300 | Referral Program

Open Demat Account In Angel One For FREE