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The scheme is benchmarked against Nifty India Manufacturing Total Return Index. The scheme will be managed by Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, Rakesh Shetty, and Sunil Sawant.
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The scheme will offer both regular and direct plans with growth and IDCW options. The exit load of 1% will be applicable if redeemed on or before three months from the date of allotment and an exit load will be nil if redeemed after three months from the date of allotment. The maximum total expense ratio (TER) permissible under Regulation 52 (6) (c) is upto 2.25%.
The minimum application amount for lumpsum investment is Rs 500 and in multiples of Re 1 thereafter. For weekly, fortnightly, and monthly SIP, the minimum application amount is Rs 500 and multiple of Re 1 thereafter with minimum 12 instalments.
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The scheme will invest 80-100% in equity and equity related instruments of companies engaged in manufacturing theme, 0-20% in equity and equity related instruments of companies other than the ones engaged in manufacturing theme, 0-20% in debt and money market instruments (including cash and cash equivalents), 0-10% in units issued by REITs and InvITs, and 0-5% in units of mutual funds.
The scheme endeavors to take exposure into diverse sectors of manufacturing and are likely to benefit from the growth of the manufacturing theme. The scheme is designed to invest in shares of those companies, which hold high potential to benefit from the manufacturing theme. This scheme would follow the active investment strategy. The scheme also aims to invest in such companies that are likely to benefit from government incentives and the entire manufacturing opportunity available in India.