Are Electric vehicles profitable?
EV in Investing
EV: Investments in electric vehicle (EV) companies are becoming profitable. The main reason for this is the rapid increase in the use of electric vehicles. Just keep going. For these types of vehicles, companies that produce spare parts and batteries from manufacturers and management companies of charging stations are being established on a large scale.
Hence the high growth of the EV segment for the next few years It is possible to register. Taking this into consideration, Mirae Asset Mutual Fund has launched a new scheme called Mirae Asset Nifty EV and NewAge Automotive ETF. NSO closing date of this scheme is next month 5.
The minimum investment is Rs.5,000. The scheme invests in companies in the Nifty EV and NewAge Automotive Index. It is a thematic index that includes 33 companies. Amarraja Energy and Mobility, Himadri Specialty Chemicals, JBM Auto, RatanIndia etc.