Kotak’s Manufacturing Fund Completes 1 Year Witnessing Strong Resurgence

Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra  Mutual Fund) today announced that its Kotak Manufacture in India Fund has completed 1 year since  its launch in February 2022. This Fund was launched for investors to participate in the “Make in India”  & “China+1” thrust on the manufacturing sector.  

The performance of the scheme is as under: 

Return Benchmark Return and Alpha  

The manufacturing theme has continued to remain relevant: 

1. Global Companies/Countries are actively relocating their supply chains from China. India  has attracted ~ 14 % market share in the Companies moving out of China.  
2. India Inc has deleveraged over the years and have the ability to invest in new  manufacturing capacities  
3. government has embarked on significant reforms like tax cut for new manufacturing,  launch of production linked incentive (PLI) for various Industries , 
4. Prospects of energy transition to cleaner energy mix prompting investment in new  technologies for a greener India etc. 

Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd, said, “The  government's thrust on the manufacturing sector and incentives offered to various industries under  the Production Linked Incentive Scheme would provide a major impetus to the sector going ahead.  India is also fast emerging as a manufacturing destination for many multinational companies which are  planning to shift their base from other overseas nations due to improving investment climate and a  stable government that would help the sector contribute immensely to overall growth. Moreover,  investors can consider adding manufacturing as a theme to their thematic portfolio for long term  benefits.” 

The sector(s)/ stock(s) referred, if any should not be construed as any kind of recommendation and are  for information/used to explain the concept. Past performance may or may not be sustained in future.  The portfolio and its composition is subject to change and the same position may or may not be  sustained in future. The fund manager may make the changes, as per different market conditions and  in the best interest of the investors.