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.
Neil Parag Parikh, Chairman & CEO of PPFAS MF, advises investors to temper their expectations due to the unpredictable nature of equity markets. He highlights the popularity of SIPs among Indian investors and downplays the impact of elections on investment decisions. Parikh also discusses the attractiveness of overseas investments and warns of froth in the small and midcap space.
The MFs’ asset in Maharashtra was up 27 per cent last month at ₹21.69-lakh crore against ₹17.14-lakh crore logged in January 2023. The State accounted for 41 per cent of overall average AUM of the industry at ₹52.89-lakh crore last month.
Entering 2024, the Indian equity market promises an exciting landscape for budding investors, with the mutual fund sector offering a spectrum of opportunities for wealth creation.
The importance of savings and systematic investment plans (SIP) is emphasized by Radhika Gupta, CEO of Edelweiss Mutual Fund, as crucial for long-term financial security.