Birla Sun Life Asset Management Company has launched the Birla Sun Life Manufacturing Equity Fund, an open-ended manufacturing sector scheme focused to tap the key potential of the Indian manufacturing story. The new fund offer (NFO) opens for subscription from January 13 2015 to January 27 2015 with price of units of the scheme at face value of 10 rupee per unit.

 

Speaking on the Indian manufacturing sector, A. Balasubramanian, CEO, Birla Sun Life Asset Management Company said, “We believe that the manufacturing sector’s contribution to overall GDP will get a significant boost through the government’s ‘Make in India’ initiative. This will not only make India a high potential manufacturing hub to meet local demand, but also help it support export potential markets. Increased attention towards this sector both from the Government and Central Banker will only help enhance its shareholder value.”

 

“Birla Sun Life Manufacturing Equity Fund’s endeavour to invest in over 22[1] sectors across market capitalizations makes this offering a sustainable investment proposition to meet the long term wealth creation needs of the investor,” added Balasubramanian.