These schemes are benchmarked against Nifty India Consumption - TRI, S&P BSE 100 - TRI, NIFTY FMCG - TRI, and S&P BSE Consumer Discretionary Goods & Services - TRI. These benchmarks gave 42.94%, 34.82%, 18.60%, and 64.36% return in the last one year.
Consumption mutual funds, a subset of thematic funds, focus on stocks of companies poised to gain from increasing consumption demand in India, aligning with the broader concept of thematic mutual funds that target specific themes or trends for potential growth.
Stove Kraft Limited raises ₹185.68 crore from 32 anchor investors at an upper price band of ₹385 per equity share
Posted On: 2021-01-23 06:54:36 (Time Zone: Arizona, USA)
Stove Kraft Limited, one of the leading brands for kitchen appliances in India and one of the dominant players for pressure cookers and amongst the market leaders in the sale of free standing hobs and cooktops (Source: F&S Report, sponsored by the Company), allotted 48,22,890 equity shares to 32 anchor investors and raised ₹185.68 crore ahead of the company s proposed IPO at an upper price band of Rs 385 per equity shares.
The anchor allocation as follows:
Nippon Life India Trustee Ltd - A/C Nippon India Small Cap Fund - 10.77%