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The Nifty Manufacturing index climbed to 13,080 intraday. It has touched new all-time highs for the past five sessions. The manufacturing index has gained 57 percent in the last 12 months.
The scheme will allocate 80-100% in equity and equity related instruments selected based on the manufacturing theme, 0-20% in other equity and equity related instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs & InVITs.
Axis Manufacturing Fund, managed by Nitin Arora and Shreyash Devalkar, is an open-ended equity scheme representing the India manufacturing theme.
Mumbai: The Axis India Manufacturing Fund's new fund offer (NFO) has garnered more than Rs 3,400 crore, marking the highest-ever collection in a thematic fund in 2023, a press release said.
Axis Mutual Fund announced the launch of the Axis India Manufacturing Fund. The scheme opened for public subscription on December 01, 2023, and will close on December 15, 2023.