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.
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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.
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.