“LIC MF Launches Manufacturing Fund with Focus on Long-Term Growth”

Mumbai: LIC Mutual Fund launched its ‘LIC MF Manufacturing Fund’ on Friday, an open-ended equity scheme centered around a manufacturing theme. The fund’s primary objective is to achieve long-term capital appreciation by predominantly investing in equity and related instruments of companies operating within the manufacturing sector.

However, there is no guarantee that the scheme’s investment objective will be realized. The New Fund Offering (NFO) is open for subscription from September 20 to October 4, with unit allotments scheduled for October 11. During the NFO period, the minimum application or switch amount is set at ₹5,000, with additional investments in multiples of ₹1 thereafter. This NFO is categorized as a ‘very high risk’ investment.

The scheme aims to offer a diversified portfolio of companies that fall under the manufacturing sector, covering industries such as automobiles, pharmaceuticals, chemicals, heavy engineering, metals, shipbuilding, and petroleum products, among others.

R.K. Jha, Managing Director and CEO of LIC Mutual Fund, stated: “India’s strong GDP growth, rapid urbanization, expanding middle class, and government initiatives like the PLI scheme and ‘Make-in-India’ are boosting demand for manufactured goods. As a result, India is emerging as a global manufacturing hub.”

He further highlighted that manufacturing will play a key role in achieving India’s goal of becoming a $5 trillion economy by 2027, offering potential benefits to investors in the manufacturing theme due to the favorable outlook for the sector.

Yogesh Patil, Chief Investment Officer – Equity at LIC Mutual Fund, added: “Initiatives such as ‘Make in India’, ‘Atmanirbhar Bharat’, and the Production Linked Incentive schemes, along with global supply chain shifts, are positioning India as a key player in the ‘China +1’ and ‘Europe +1’ strategies. These efforts are expected to unlock growth across related sectors, driving broad-based economic expansion and positioning India as a global manufacturing hub.”

LIC Mutual Fund, one of India’s oldest mutual funds sponsored by LIC of India, currently offers 39 schemes covering debt, equity, hybrid, passive, and solution-oriented investments.