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Follow on Google News | ![]() Positive Outlook on Sundaram Rural & Consumption Fund for FY 2019-20: MySIPonlineBy: MySIPonline "Majority of the population in India (67%) reside in the rural sector which is developing at a remarkable pace due to efforts of the Indian government. To support the requirements of the fast flourishing population, consumption industry is expected to enjoy stable growth in the long term and a mutual fund that picks up elite stocks of the concerning theme is likely to enjoy marvellous growth in the long term" said Mr Virendra Ranawat, co-founder of Fintech startup, MySIPonline. The growth in the rural and consumption sector is driven by multiple factors and with the bullish outlook on the market conditions, this defensive sector can be highly rewarding to the investors. The elections can also play a key role as government stimulus like loan waivers, rural infrastructure development, and other promises of public welfare during and after the elections drives the rural consumption sentiment towards growth momentum. Sundaram Rural and Consumption Fund seeks for the stocks which have business in the consumption and rural India development throughout the stock market. It has a higher allocation in the mid and small-cap stocks but has been a stable performer due to the superior stock selection and investment strategy. Hence, this fund is most probable to deliver multifarious benefits to the investors. India is a consumer-driven country where 65% of the population is below the age of 35 and 47% is below 25. The young mass is paving the way for a superior growth for the consumption sector as working population is the highest. The per capita GDP is also increasing rapidly which will aid to the rural development of the country in the future. The favourable market cycles for the rural and consumption thematic industries are backed up by multiple factors which will directly benefit mutual funds like Sundaram Rural and Consumption Fund which mainly picks up the emerging businesses with highest growth potential. Sundaram Rural and Consumption Fund has always utilised the favourable trends in the market and has rewarded the long term investors with bountiful returns. The national and international factors like government policies in favor of rural sector and US-China trade war have also supported the growth in portfolio of the fund which is the reason why experts at MySIPonline have picked up Sundaram Rural and Consumption Fund as one of the most beneficial scheme to invest in FY 2019-20 for long term. As the equity market is rising back to new heights in the current trends, top performing consumption funds like Sundaram Rural and Consumption Fund can add a great value to the portfolio of the potential investors in the period of next 10-20 years. Visit: https://www.mysiponline.com/ End
Page Updated Last on: May 02, 2019
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