Investment Objective and Approach

The investment objective of the scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following manufacturing theme. 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.

The fund focuses on specific manufacturing segments and opportunities:

- Companies that are engaged in manufacturing activities

- Companies that are well placed to substitute India's imports by manufacturing locally

- Companies that may benefit from government's Make in India initiatives and production linked incentive (PLI) scheme

- Companies that export goods manufactured in India

- Companies that enable manufacturing of new age technology solutions in India and abroad

The investment approach emphasizes diversification across manufacturing sectors while maintaining focus on companies positioned to benefit from India's manufacturing growth story and policy initiatives.

Fund Managers

Yogesh Patil is the Current Fund Manager of LIC MF Manufacturing Fund Direct Growth fund. Yogesh Patil and Mahesh Bendre manage the LIC MF Manufacturing Fund - Regular Plan - Growth Fund.

Yogesh Patil's Background:

- Mr. Yogesh Patil completed his Master of Business Administration in 2001 from Symbiosis Institute of Business Management

- He launched his career at Sahara Mutual Funds as an equity research analyst in 2006

- In 2009, he shifted to Canara Robeco Asset Management Company Limited as an Analyst. In 2018, Mr. Patil left Canara Robeco Asset Management Company Limited after working as a Senior Fund Manager (Equity)

Mahesh Bendre's Experience:

- Mr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)

- Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst.

About the Fund House (AMC)

One of the most recognised and trusted players in the asset management market, LIC Mutual Fund is an associate company of Life Insurance Corporation of India. The AMC was established on April 1989 and had maintained an above average CRISIL rating and high investor affiliation for the past 30 years.

Key Facts about LIC Mutual Fund:

- LIC Mutual Funds currently operate with funds worth Rs. 30170.82 Crores (as of the reporting date)

- Currently, LIC Mutual Fund provides investors with about 26 different schemes catering to investors of varied risk appetites

- LIC AMC recorded a CAGR of 14.56% in the last 3 fiscal years, making it one of the most preferred large and mid-cap mutual funds amongst investors

The AMC has a strong leadership team including Mr. Saravana Kumar Ananthan is the Chief Investment Officer at LIC Mutual Funds, who oversees multiple equity funds and brings extensive experience from IIM and the Indian Institute of Bankers.

Should I Invest in LIC MF Manufacturing Fund?

Investment Considerations:

Pros:

- Strong thematic focus on manufacturing sector aligned with India's growth story

- Exposure to Make in India initiatives and PLI scheme beneficiaries

- Experienced fund management team with relevant sector expertise

- Backing of LIC Mutual Fund's established track record

- The AUM (i.e. assets under management) of LIC MF Manufacturing Fund is ₹873.54 Cr as of 11th June 2025

Key Financial Metrics (as of June 2025):

- The current NAV of LIC MF Manufacturing Fund is ₹10.07, as of 11th June 2025

- The expense ratio of LIC MF Manufacturing Fund Plan is 0.50 as of 11th June 2025 (Direct Plan)

- The fund has an expense ratio of 2.21 (Regular Plan)

- Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000

Risk Factors:

- The LIC MF Manufacturing Fund Direct Growth is rated Very High risk

- Sector concentration risk as the fund focuses specifically on manufacturing theme

- It is better to invest in a fund with a longer track record as LIC MF Manufacturing Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance

Suitability:

This fund is suitable for investors seeking long-term capital appreciation with exposure to India's manufacturing sector growth. It's ideal for those who believe in the manufacturing theme and have a risk appetite for sectoral funds. However, investors should consider this as part of a diversified portfolio due to its thematic nature.

FAQs

What is today's NAV of LIC MF Manufacturing Fund?

The NAV varies daily. You can check the current NAV on Allvest platform or the fund house website for real-time updates.

What is the AUM of LIC MF Manufacturing Fund?

As of June 11, 2025, the AUM is ₹873.54 Crores, indicating growing investor interest in the manufacturing theme.

What is the expense ratio of LIC MF Manufacturing Fund?

The expense ratio is 0.50% for Direct Plan and 2.21% for Regular Plan as of June 2025, making the Direct Plan more cost-effective.

What are the returns of LIC MF Manufacturing Fund since inception?

Since this is a relatively new fund launched in 2024, historical returns are limited. Please check Allvest for the latest performance data.

What is the minimum SIP amount to invest in LIC MF Manufacturing Fund?

The minimum SIP amount is ₹200 per month, making it accessible for small investors to start their manufacturing sector exposure.

How do I invest in LIC MF Manufacturing Fund?

You can invest through Allvest platform online, which offers a convenient way to start SIP or make lumpsum investments in this fund.

How to start a SIP in LIC MF Manufacturing Fund?

Visit Allvest platform, select the fund, choose SIP option, set your monthly amount (minimum ₹200), select investment date, and complete the documentation process.

How do I automate an SIP in LIC MF Manufacturing Fund?

Through Allvest, you can set up automatic bank mandate for SIP deductions, ensuring hassle-free monthly investments without manual intervention.

How can I withdraw/redeem my investment in LIC MF Manufacturing Fund?

You can redeem through Allvest platform by placing a redemption request. Note that 1% exit load applies for units redeemed within 90 days (for amounts exceeding 12% of investment).