Motilal Oswal Asset Management Company LaunchesMotilal Oswal Manufacturing Fund
The NFO open from19th July 2024 to 2nd August 2024
Mumbai, 18 July, 2024: Motilal Oswal Asset ManagementCompany (MOAMC) today announced the launch of its latest new fund offer“Motilal OswalManufacturing Fund”. The new thematic fund by MOAMC is an open-ended equityscheme following manufacturing theme.
Key Fund Details:
NFO Period: 19th July 2024 to 2nd August2024
Investment Objective: To achieve long term capitalappreciation by predominantly investing in equity and equity relatedinstruments of companies engaged in the manufacturing activity.
Benchmark: Nifty India Manufacturing Total Return Index
Portfolio Strategy: The fund will focus oninvesting in a unique hi-conviction focused manufacturing portfolio (upto ~35stocks) of Houseidentified high growth themes which shall benefit from current capex cycle. Thefund aims to maintain a well-balanced portfolio with 80% to 100% exposure in eachof manufacturing stocks.
Investor Profile: Tailored for investors who are seekingcapital appreciation over long-term and are looking to capitalise by invest ina unique hi-conviction focussed manufacturing portfolio.
Mr. Prateek Agrawal, MD and CEO of Motilal OswalAsset Management Company said, “The evolving geopolitical scenario and domesticeconomic strength strategically positions India as an emerging manufacturinghub in the world. The sector is expected to gain interest and witness an upwardmobility of investments from the international investors increasing exports to4.5% by 2031, up from approximately 1.5 percent at present. Government has alsoset an ambitious target of 25% of the Indian economic output for manufacturingby 2025. When looked at India''s lower manufacturing wage cost compared to otherSEA nations, along with a labour productivity growth of 6.2% compared toChina''s 4.2% for FY24, it indicates that India has an advantage over othernations in terms of increased production. With China+1 theme playing out, Indiais expected to benefit from the shift of production outside China.”
Mr. Niket Shah, CIO, Motilal OswalAsset Management Company said, “Manufacturingfocused funds could add diversification to an investor’s portfolio. There’s amultitude of sectors which offer exponential opportunity to the country’sexports with EMS, Chemicals and Defence leading the charge. Our government hasset out a target of over INR500bn in exports by end of this decade supportedthrough indigenization and policy aid. Our country poses a smooth growthtrajectory as we are witnessing a macro goldilocks event (Expected softeninginflation, expected rate cuts, CAD Surplus and healthy forex reserves). Hence,as part of our strategy we will be investing in the uniquely positioned highconviction house identified high growth manufacturing themes which we believemight benefit from current cycle, also offering investors an opportunity to bea part of the India''s manufacturing growth story”.
The Fund Management Team:
- Niket Shah, CIO, MOMF
- Ajay Khandelwal, Fund Manager, MOMF
TheAdditional Fund Management Team:
- Santosh Shah, Fund Manager, MOMF
- Atul Mehra, Fund Manager, MOMF
- Rakesh Shetty, Fund Manager, MOMF
- Sunil Sawant, Fund Manager, MOMF
Data Source: MOIE, Internal, CMIE, PIB, Morgan Stanley, Jefferies, BCG,NSE, World Bank, WTO, MeiTY, EY, CEA, Ministry of Power, Nomura, MosPI, CRISIL,IBEF, Elara , BofA, RBI, ISec, Anand Rathi Research
Product Labelling:
About Motilal Oswal AssetManagement Company:
Motilal Oswal Group possesses a legacy in equities for over 3 decades.Motilal Oswal Asset Management Company Ltd. (MOAMC) is registered with SEBI asthe Investment Manager for Motilal Oswal Mutual Fund. It was incorporated onNovember 14, 2008. It provides Investment Management and Advisory Services toinvestors based within and outside India and has Mutual Funds, AIFs andPortfolio Management Services business
For further details contact:
Rohini Kute Head, Corporate Communication, Motilal Oswal Financial Services
Mail: rohini.kute@motilaloswal.com