Mutual Fund: Nippon India launches new mutual fund, subscription deadline is July 16..

India's economy is growing rapidly, which is why global brands are turning to India. Not only for the huge size of the market, but also to make India a manufacturing hub. Take the example of Apple, which has shifted its production to India. India has made rapid progress in terms of ease of doing business, prompting global brands to expand operations here. Now you can be a part of this growth story and invest in some of the biggest global brands.

Nippon India Mutual Fund has announced the launch of Nippon India MNC Fund, giving investors an opportunity to invest in some of the world's largest companies through a single fund. The New Fund Offer (NFO) is open for subscription on July 2 and will close on July 16.

In which companies will this MF invest?

Nippon India MNC Fund will invest in multinational companies, which by definition include companies that are registered in India but operate in more than one country. Hindustan Unilever, Colgate-Palmolive, Abbott India, Siemens, Bosch and Nestle are some examples of MNCs.

Nippon India MNC Fund has the potential to generate alpha returns, as MNCs are global brands with good performance track records, have a strong international presence, invest in research and development, are able to leverage operations as they operate globally, and have strong balance sheets with low debt.

This MF can grow rapidly from the PLI scheme.
This fund is also expected to benefit from favourable government policies and the growth of the Indian economy, which will help multinationals take advantage of favourable economic conditions. India is on its way to becoming a global manufacturing hub with the help of the Production Linked Incentive Scheme (PLI). In addition, strong moves towards digitalisation and a large percentage of the working class population with rising income levels are all drivers of growth for multinationals operating in India.

Nippon India MNC Fund offers a dual benefit to investors as the fund invests in global brands and Indian companies with global operations in India. The fund aims to leverage India's growth story of becoming a factory for the world, increasing discretionary spending, and becoming the innovation hub of the world with a large, cost-effective, skilled manpower population.

The fund will focus its investments on high-growth multinationals leveraging opportunities in India and Indian multinationals focused on global and new-age businesses. It will also identify leaders with strong brand identities across multiple geographies and multinationals with healthy balance sheets and low debt.

The investment basket of Nippon India Mutual Fund will include multinationals in IT, pharma, automobile, consumer, cement, metals, and industrial manufacturing sectors.

Disclaimer: This content has been sourced and edited from TV9. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.