On Tuesday, Kotak Mahindra Asset Management Company (AMC) has announced the launch of the Kotak Manufacture-in-India Fund. It is a scheme that will invest in India’s listed firms engaged in manufacturing activities.

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According to the AMC, companies directly engage in manufacturing activities, export goods being manufactured in India, and have the potential to increase employment. Firms will benefit from the government’s manufacturing initiatives that aid new-age technology solutions and companies that invest in new manufacturing facilities.
In the NFO scheme, benchmarked to Nifty India Manufacturing is the Total Return index open for subscription till 15 February. During the NFO period, the minimum amount is Rs 5000.