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Charge your portfolio by investing in electric vehicles

AxisDirect-O-Nomics

Aug 29, 2018 | Source: smallcase

Markets update: 20th to 24th August


After hitting record closing highs for 3 continuous days this week, benchmark indices closed marginally lower on Friday. The indices closed in the green for the week, with Nifty closing up 0.75% at 11,557.1


WEEKLY HIGHLIGHT


Big Boost for Electric Vehicles in India


The Government has finalised the second phase of FAME India scheme. This scheme will include an investment of Rs.5,500 crore over the next 5 years and provide subsidy support for all types of electric vehicles - 2, 3 and 4 wheelers.


The Government also plans to offer incentives so that various State-run transport authorities can switch to hybrid and electric buses. The idea is to enable mass implementation of electric vehicles in the public transport sector.


You can benefit from the growth of the electric vehicle ecosystem in India by investing in the Electric Mobility smallcase which has generated a 2Y return of 51%



Featured smallcases

1.Zero Debt: OUTPERFORMER, with one year return of more than 40%

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2.Electric Mobility: IN THE NEWS, Government to invest Rs. 5500 cr

Click here to invest


3.Safe Haven: STABLE RETURNS, Protection against market volatility 

Click here to invest


4.Dividend Stars: MORE DIVIDENDS, 2% higher dividend yield with respect to Nifty
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