Your Questions Answered: I want to invest in sectoral funds. Please elaborate what are manufacturing mutual funds?
New Delhi, March 14 -- Shyam Prakash Jain, Ajmer, Rajasthan
Before we understand what are manufacturing mutual funds we should first understand what are sectoral mutual funds. Sectoral mutual funds are a type of equity mutual fund that invests in a specific sector or industry of the economy, such as banking, technology, pharma, energy, etc. These funds aim to capitalise on the growth potential and opportunities of a particular sector by investing in the stocks of the companies belonging to that sector.
According to SEBI guidelines, sectoral mutual funds have to invest at least 80% of their assets in equity and equity-related instruments of a particular sector. They can invest in companies of different sizes, from large-cap to mid-cap to...
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