Indian fund houses are upbeat about the growth of the domestic manufacturing sector. Mirae Asset Mutual Fund recently announced the launch of Mirae Asset Nifty India Manufacturing ETF and the Mirae Asset Nifty India Manufacturing ETF FOF.
Apart from these two, there are three funds which are focused on investing in companies that are engaged in manufacturing activities. Market players say the theme allows investors the opportunity to participate in potential emerging segments like electric vehicles, electronics, battery tech, defence among others.
Mirae Nifty India Manufacturing ETF is an exchange traded fund (ETF) tracking Nifty India Manufacturing Total Return Index, while the