Manufacturing theme based have offered an average return of 60.70% in the last one year, an analysis of performance showed. There were around five schemes in the category that have completed one year of existence in the market (including active and passive schemes).
, the topper in the category, delivered 68.08% returns in the last one year. offered 61.
18% return in the similar time period. Mirae Asset Nifty India Manufacturing ETF FoF and Navi Nifty India Manufacturing Index Fund offered 60.49% and 60.
09% returns respectively in the last one year. Kotak Manufacture in India Fund gave 53.66% return in the said period.
What elements contributed to this fund's remarkable success? “The government has been advocating the “Make in India” initiative to make the nation self-sufficient and transform it into a global manufacturing hub. To incentivize companies, the government launched various production-linked incentives (PLIs) that have helped significantly enhance output in various industries, including pharmaceuticals, electronics, auto and auto ancillaries, textiles, and automobiles. India is emerging as a key player in the manufacturing sector, capturing the attention of investors,” said Shruti Jain, CSO, Arihant Capital.
Shruti added, “Between 2014-2019, manufacturing was a laggard in terms of returns. But the government’s thrust for domestic manufacturing resulted in a total turnaround of the sector, resulting in Nifty Manufacturing Index being one of the best-perfo.