‘Transportation & logistics fund will try to lessen the cyclicality of auto sector’
The theme includes companies with strong growth prospects, longevity, anti-fragility, and good return on invested capital over cycles. The sector’s volume growth has been subdued over the past 10 years due to various macro or micro headwinds. As headwinds recede, the theme appears ripe for outperformance.
NEW DELHI: ICICI Prudential Asset Management Company Ltd recently launched a transportation and logistics fund that will invest in auto original equipment manufacturers (OEMs), auto components (ancillaries) makers, and logistics companies. A slew of funds that have been launched in recent times on this theme. Harish Bihani, senior fund manager at ICICI Prudential AMC, spoke to Mint about ICICI Prudential Transportation and Logistics Fund and why fund houses are bullish on this theme. Edited excerpts: