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This article is more than 2 year old.

Mutual Fund Corner: Should I continue with BSL Manufacturing Equity Fund R Growth?

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Get all your mutual fund related queries answered by our expert, Anurag Seth, on our show Mutual Fund Corner.

Mutual Fund Corner:  Should I continue with BSL Manufacturing Equity Fund R Growth?
Want to invest in mutual funds but don’t know how to go about it?
Get all your mutual fund related queries answered by our expert, Anurag Seth, director and head, global wealth management, Quant Capital, on our show Mutual Fund Corner.

Q: 50-year-old Sri Ram Kumar writes us from Andhra Pradesh. I purchased BSL Manufacturing Equity Fund R Growth (NFO SIP mode two years) through Steel City Securities Ltd at Visakhapatnam. Period of January '15 to February '17.
A: This fund was launched with an outlook of India being set to be the next manufacturing superpower with the government's focus now on the manufacturing sector. The government has been aiming at a GDP contribution of 25 percent from manufacturing (Source: National Manufacturing Policy).
With this, India is set to witness a manufacturing dream run. The primary investment objective of the Schemes is to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in manufacturing activity.
Scheme NameNAVInception DateCorpus (in cr.)Returns
3 Months6 Months1 Year2 Years3 YearsSI
Aditya Birla SL Mfg. Equity Fund-Reg(G)12.4203-Feb-15623-4.83-14.23-13.872.0812.695.47
Being a sector-oriented fund, its aggressive in nature. So the time period of investment has to be very long term to get the benefit. The fund would benefit from the economic cycle if the Indian economy. We believe you would see the return coming in the fund very soon. Stay invested.
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