If you see the superb performance of Mutual Fund schemes under manufacturing themes, you will certainly like to know more about the reasonings and what is lying ahead in this budget :
Data as on 12th July 2024
Such a great performance from almost every manufacturing funds have come in light of Government initiatives such as Make in India, PM Gati Shakti, industrial corridor development programs, and Aatmanirbhar Bharat have been enhancing optimism in the manufacturing sector and accelerating its growth. These programs aim to boost domestic production, improve infrastructure, and encourage self-reliance. Hence the companies involved in these areas are projected for higher growth over next few years. Consequently this theme will perform well
"Investors can consider these funds if they have an aggressive or very aggressive risk approach and a minimum time horizon of three years or more” says experts
What is expected from the manufacturing sector ahead of budget 2024 ?
India has made significant progress in the manufacturing sector over the last decade. The government has launched several programs, including Make in India, PLI, and simplification of compliance, to boost manufacturing. Financial experts and articles anticipate continuity in these existing programs and expect their extension. The sectoral focus is likely to remain on defence, railways, electronics, and automobiles. Additionally, the government may introduce new schemes for sectors such as toys, shipping containers, and machine tools, accompanied by attractive incentives to enhance cost competitiveness. Furthermore, we expect measures in manufacturing that can promote employment
In view of these expectation from Budget , this theme ( manufacturing) must be added in your portfolio.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts and authors are their own. These do not represent the views of Infinity Finserv Pvt Ltd as a company)
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme
Comments