A manufacturing Fund is a thematic equity mutual fund that invests 80% to 100% in the equity securities of the companies engaged in manufacturing them
MCA begins investigating Hero over fund divesrion; Bain Capital sells part of stake in Axis ban; JSPL to restructure Mauritius subsidiary; Byjus lend
Currently, subscibers are allowed to withdraw this 60% at one go and the rest 40% is used to buy annuity