You will earn from growth in the manufacturing sector, this mutual fund scheme is giving you the opportunity, you can invest from Rs 1000

Baroda BNP Paribas Manufacturing Fund Details:Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Manufacturing Fundhas launched. This New Fund Offer (NFO) opened for subscription on June 10 and can be invested in it till June 24, 2024. Baroda BNP Paribas Manufacturing Fund aims to take advantage of the growth potential of India’s important manufacturing sector. The portfolio will invest in companies that are directly engaged in manufacturing activities and aim to reduce import pressure in the country by manufacturing domestically and increase exports of goods made in India.

You can start investing from Rs 1000

Apart from lump sum investment, Baroda BNP Paribas Manufacturing Fund also has the facility of SIP. It is necessary to invest at least Rs 1000 in this fund. After this, you can invest any amount in this scheme. Apart from this, the objective of this fund is to invest in new manufacturing plants and facilities, support the development of new age technology solutions, provide services related to manufacturing life cycle.

Manufacturing contributes to economic growth

Manufacturing has been a key driver of economic growth worldwide, contributing significantly to the development of emerging economies. Government initiatives are strongly promoting this sector, aiming to expand the manufacturing base from 17 per cent to 25 per cent of GDP. In addition, 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. These factors position India to become a leading manufacturing hub.

An attractive investment opportunity

Speaking on the launch of this NFO, Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund said that we are thrilled to launch Baroda BNP Paribas Manufacturing Fund. This scheme offers an attractive investment opportunity as the manufacturing sector is poised for decades of growth. It is driven by rising consumption, investment, exports, changing geo-political dynamics and favourable government policies.

Who should invest

Baroda BNP Paribas Manufacturing Fund is designed for investors who are looking for growth opportunities with focused investments in strong manufacturing companies. This open-ended equity scheme will invest primarily in equity and equity-related securities of companies engaged in manufacturing activities. The scheme will be managed by Jitendra Shriram.