India is a prime candidate to capitalize on becoming a new destination for global manufacturing as the world is moving to China plus One strategy, particularly post Covid. The Indian government has also launched initiatives to encourage manufacturing in India such as the PLI scheme, Make in India, Skill India, ease of doing business, Industry 4.0, etc. This Smallcase comprises companies that will be key beneficiaries of growth in the manufacturing sector in India.

This smallcase invests in the following ETFs:

• Nifty India Manufacturing provides exposure to companies in manufacturing sectors such as automobile, industrial manufacturing, pharma, metals, chemicals, textiles, etc.
• Nifty Auto provides exposure to the automobiles sector including auto ancillaries and tyre companies.
• Nifty Pharma provides exposure to companies in the pharmaceutical sector