The Investment objective of the Scheme is to provide long-term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. However, there is no assurance that the investment objective of the Scheme will be achieved.
The Scheme aims to provide long-term capital growth from an actively managed diversified portfolio of equity & equity related securities of companies engaged in consumption and consumption related sector or allied sectors. For determining list of the companies eligible under consumption theme the AMC will consider the Industry list published by NSE Indices for NIFTY India Consumption Index. Please refer link https://www.niftyindices.com/Methodology/Method_NIFTY_Equity_Indices.pdf" for current index methodology document published by NSE Indices. We are witnessing increase in consumption in India given the shift inter-alia from unorganized to organized sector, premium categories and narrowing of rural and urban consumption gap. We believe factors like these will drive strong consumption spends in the coming decades. The Scheme will invest across market capitalization. The Fund Manager would endeavor to allocate to companies using a bottom up approach while taking exposure in sectors which will benefit from the economic trends in consumption. The Fund Manager will consider macro and micro economic parameters and overlay it with an internal investment framework to arrive at the portfolio which will comprehend the sectors, stocks and style suited to the investment objective of the scheme. The stock selection of the scheme would emphasize on identifying companies with sound corporate managements and prospects of good future growth. The Fund Manager will favour companies that offer the best value relative to their respective long-term growth prospects, returns on capital and management quality.
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