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NFO Monitor

Fund Fact

Name of Funds:

Navi Nifty India Manufacturing Index Fund

Opening:

12th August 2022

Closing:

23rd August 2022

Minimum Investment:

Rs. 500/- and in multiples of Re. 1/- thereafter

Plan:

Regular and Direct

Options:

Growth

Entry Load:

Nil

Exit Load:

Nil

Fund Stats

Objective:

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

95-100% Equity upto 5% Money Market

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

Idea Distiller

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

Uniqueness

Return

Risk

Operability

Oomph 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.

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Important Links

Fund

Snapshot

Company

Registered with AMFI AMFI Registration No: 2654 Initial Registration Date: 19th March 2003 Validity: 14th May 2025 to 23rd May 2028