LIC MF Manufacturing Fund NFO: Everything you need to know

3 Oct 2024 , 01:28 PM

LIC Mutual Fund is launching NFO under its “Thematic Fund”, named as LIC MF Manufacturing Fund. The open ended fund aims to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following manufacturing theme.

Investment strategy: The Scheme will follow an active investment strategy. The Scheme will follow a Top-down and bottom-up approach to stock-picking and choose companies that are engaged in manufacturing and allied activities.

Asset allocation: The fund will predominantly invests in equity and equity related instruments of companies following manufacturing theme.

Who should invest?

Investors with very high risk appetite should invest in the LIC MF Manufacturing Fund for 5 to 7 years.

Risk associated: Very high level of risk.

Benchmark: Nifty India Manufacturing Index (TRI)

Fund Managers: Mr. Yogesh Patil and Mr. Mahesh Bendre

The NFO is available for subscription from September 20 to October 04. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹5000/- and in multiples of any amount thereafter.

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in LIC MF Manufacturing Fund.