PLI Incentives, Infrastructure, and Premium Consumption Drive India's Economic Growth
Pune currently ranks 4th nationwide in its contribution to India's total AUM, accounting for 4.12% of the country’s ₹68 lakh crore asset base. A rising demand for premium goods in sectors such as real estate, automotive, and jewellery is further fueling I
Pli IncentivesInfrastructure DevelopmentPremium ConsumptionEconomic GrowthMulticap FundReal Estate PuneNov 25, 2024
The event provided mutual fund distributors with insights on how a multi-cap approach can capture India’s evolving economic landscape, empowering them to better guide their clients. During the session, Anupam Tiwari, Head of Equity at Groww Mutual Fund, highlighted key growth opportunities driving India’s economic progress.
Export expansion, driven by initiatives like the Production Linked Incentive (PLI) scheme and Make in India, is positioning India as a competitive player on the global stage. Infrastructure development is another major driver, with the ₹111 lakh crore National Infrastructure Pipeline (NIP) set to enhance connectivity and productivity across the country by 2025. Additionally, a rising demand for premium goods in sectors such as real estate, automotive, and jewellery reflects India’s shift toward high-value consumption.
Digitization is accelerating growth across technology, manufacturing, and consumer services, creating new pathways for economic progress. Expanded access to capital and supportive policies are enabling small and mid-cap companies to thrive, particularly in sectors like infrastructure, financial services, and IT. Rapid urbanization is fueling demand in consumer goods, housing, and services to meet the needs of an expanding urban population.
Together, these growth drivers provide multi-sector opportunities across large, mid, and small-cap companies, forming a strong foundation for India’s economic expansion and wealth creation. To leverage India’s diverse growth potential, a multi-cap approach provides exposure across large, mid, and small-cap companies, capturing broad-based growth. The Groww Multicap Fund will help investors access opportunities across sectors, investing in high-quality stocks at reasonable valuations to support long-term wealth creation.
Manish Ranjan, Head of Sales and Distribution at Groww Mutual Fund, emphasized the crucial role mutual fund distributors play in helping investors understand how products like the Groww Multicap Fund can provide access to India’s growth potential. Pune currently ranks 4th nationwide in its contribution to India’s total AUM, accounting for 4.12% of the country’s ₹68 lakh crore asset base. This underscores the important role distributors have in guiding investors through these emerging opportunities.
Groww Mutual Fund aims to support distributors with research-based insights and products that can help investors tap into India’s economic growth potential, empowering them to better serve their clients. The NFO for the Groww Multicap Fund is set to open on November 26, 2024, and will be available until December 10, 2024. Mutual fund distributors interested in offering this opportunity to their clients can reach out to the Groww Mutual Fund team at partners@growwmf.in for further details.
Frequently Asked Questions
What is the Groww Multicap Fund?
The Groww Multicap Fund is a mutual fund designed to offer investors exposure across India’s large, mid, and small-cap market segments, helping them capture broad-based growth and long-term wealth creation.
What initiatives are driving India's export expansion?
Initiatives like the Production Linked Incentive (PLI) scheme and Make in India are driving India's export expansion, positioning the country as a competitive player on the global stage.
What is the National Infrastructure Pipeline (NIP)?
The National Infrastructure Pipeline (NIP) is a ₹111 lakh crore investment plan set to enhance connectivity and productivity across India by 2025, significantly contributing to the country's economic development.
How is digitization impacting India's growth?
Digitization is accelerating growth across technology, manufacturing, and consumer services, creating new pathways for economic progress and enabling small and mid-cap companies to thrive.
What role do mutual fund distributors play in India's economic growth?
Mutual fund distributors play a crucial role in guiding investors through emerging opportunities, helping them understand and access products like the Groww Multicap Fund to capitalize on India’s diverse growth potential.
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