Mumbai: LIC Mutual Fund, one of the oldest fund houses in India, has launched LIC MF Manufacturing Fund, an open-ended equity scheme following manufacturing theme.
The NFO of the Scheme has opened for subscription from today i.e. 20th September 2024 and shall remain open till 4th October 2024. The units under the Scheme would be allotted on 11th October 2024. The Scheme will be managed by Mr. Yogesh Patil and Mr. Mahesh Bendre. The Scheme will be benchmarked to Nifty India Manufacturing Index (Total Return Index).
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. There is no assurance that the investment objective of the Scheme will be achieved. During the NFO the minimum amount for application /switch in shall be Rs. 5,000/- and in multiples of Re.1 thereafter.
The Scheme aims to provide a diversified portfolio of Companies that which comes under the ambit of manufacturing theme, including but not limited to automobiles, pharmaceuticals, chemicals, heavy engineering products, metals, shipbuilding, and petroleum products etc.
