Investment in Electric Vehicle themed Mutual Funds
Electric vehicles is one of the major trends in the auto sector across the Globe. India wants to achieve 100% electrification by 2030. EV market in India will be $200 billion. EV market will grow at CAGR of 36% till 2026.
Few months back, I wrote an article around various stocks in Indian Market that will get benefit from electric vehicles growth. Read Article.
Now, there are mutual funds being launched to focus on Electric Vehicles theme.
Navi Electric Vehicles and Driving Technology Fund of Fund:
This EV fund aim o track the performance of the STOXX Global Electric Vehicles & Driving Technology NET Index. This index comprises companies that are involved in the production of electric vehicles and assisted driving technologies. The index was launched in 2012.
Currently, the STOX...