But fund managers remain positive about their long-term prospects. Fund houses have launched six new schemes around this theme in the past year. The latest entrant is the new fund offer of the Bank of India Consumption Fund.
"Consumption is the bedrock of the Indian economy. Approximately two-thirds of India's GDP comes from consumption. If the Indian economy is to do well, then consumption must do well," says Ajay Tyagi, head of equity and fund manager, UTI Asset Management Company (AMC).
As of October 31, 2024, 25 consumption-based schemes managed assets worth ₹35,231 crore. These schemes include actively and passively managed funds. Passively managed funds track indices such as the Nifty Consumption Total Return Index (TRI) and the Nifty Non-Cyclical Consumption TRI.
Bu hikaye Business Standard dergisinin December 06, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 06, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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