Kotak’s Manufacturing Fund completes 1 year

The performance of the scheme is as under:

Return Benchmark Return and Alpha [as required under regulation]

The manufacturing theme has continued to remain relevant:

Global Companies/Countries are actively relocating their supply chains from China. India has attracted ~ 14 % market share in the Companies moving out of China.

India Inc has deleveraged over the years and have the ability to invest in new manufacturing capacities.

The government has embarked on significant reforms like tax cut for new manufacturing, launch of production linked incentive (PLI) for various Industries.

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.