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The NFO of Canara Robeco Manufacturing Fund is open and closes on March 1. Investors can start with ₹5,000 in this fund, and the scheme will be benchmarked to the S&P BSE India Manufacturing TRI Index. An exit load of 1% will be levied for redemptions before one year. The fund will be managed by Pranav Gokhale and Shridatta Bhandwaldar.
Manufacturing is a relatively new category for mutual funds. There are only five active schemes with this theme
Canara Robeco Mutual Fund has launched the Canara Robeco Manufacturing Fund. The scheme is an open-ended equity scheme that represents Indias manufacturing theme.
Finance Minister Nirmala Sitharaman on Saturday said the initiatives of Customs department like Faceless Assessment and Single Window Clearance need to evolve with the overall objective of growth of trade as every partner needs to collaborate to help India’s GDP surpass USD 5 trillion by
Finance Minister Nirmala Sitharaman emphasizes the need for Customs department initiatives to evolve for the growth of trade and to help India achieve a GDP of USD 5 trillion by 2027-28.