LIC MF Manufacturing Fund Review

Rate this post

LIC MF Manufacturing Fund Review LIC MF Manufacturing Fund Review Direct NFO Open on 20 September 2024 and Close on 04 October 2024. LIC MF Manufacturing Fund Direct NFO Allotment Date is [.] 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount  is ₹5,000. The Minimum SIP Investment Amount is 1,000.

Type of the Scheme

An open ended equity scheme following manufacturing theme.

Scheme Benchmark : Nifty India Manufacturing Index (Total Return Index) – Justification for use of Benchmark: The benchmark of the Scheme has been selected in accordance with paragraph 1.9 of SEBI Master Circular for Mutual Funds, from amongst those notified by AMFI as the first tier benchmark and the same is reflective of the category of the Scheme.
The composition of the aforesaid first tier benchmark is such that it is most suited for comparing the performance of the Scheme.

The Trustee reserves the right to change the benchmark for evaluation of performance of the Scheme from time to time in conformity with the investment objectives and appropriateness of the benchmark subject to SEBI (Mutual Funds) Regulations, and other prevailing guidelines, if any. 

LIC MF Manufacturing Fund Scheme Benchmark

Company Weightage
Sun Pharmaceutical Industries Ltd. 5.31
Tata Motors Ltd. 5.28
Reliance Industries Ltd. 4.99
Mahindra & Mahindra Ltd. 4.64
Maruti Suzuki India Ltd. 4.42
Tata Steel Ltd. 3.40
Bajaj Auto Ltd. 3.28
Hindalco Industries Ltd. 2.76
Bharat Electronics Ltd. 2.67
JSW Steel Ltd. 2.42

LIC MF Manufacturing Fund Important Date

Scheme Offer LIC MF Manufacturing Fund
Offer Price Rs. 10/- per Unit
Type of Scheme An open-ended
Open Date 20 Sep 2024
Close Date 04 Oct 2024
Allotment Date [.] 2024
Category Thematic Fund
Min Inv ₹ 1,000
Lock in Period N/A
Risk Very High
Scheme Benchmark Nifty India Manufacturing Index (Total Return Index)

Investment Objective of the Scheme ? 

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.

LIC MF Manufacturing Fund Other Details

Exit Load 1%
Exit Load Details For units in excess of 12% of the investment, 1% will be charged for redemption within 90 days
Entry Load N/A
Stamp Duty 0.005%
Min. Investment Rs. 5,000
Min. SIP Rs. 1,000

LIC MF Manufacturing Fund Asset Allocation

Manager Manage the Scheme?

Fund Manger : Mr. Yogesh Patil
Qualification : MBA (Finance) – Symbiosis Institute of Business Management, Pune • B.com – Govt. College BHEL Bhopal 
Experience :  Mr. Yogesh Patil has overall 22 years of experience which consist of following: • Chief Investment Officer – Equity – LIC Mutual Fund Asset Management Ltd. (w.e.f. 25th
May 2022) • Head – Equity- LIC Mutual Fund Asset Management Ltd. (1st April 2021 – 24th May 2022) • Fund Manager (Equity)- LIC Mutual Fund Asset Management Ltd. (since October 2018) • Senior Fund Manager (Equity) – Canara Robeco Mutual Fund (September 2009 –September 2018) • Research Analyst – Sahara Mutual Fund (December 2006 – August 2009).

Fund Manger : Mr. Mahesh Bendre
Qualification : • PhD (Finance) – Indian Institute of Management Studies and Research, Pune • MBA (Finance) – Dept of Management Science Pune University (PUMBA), Pune • B.E (Mechanical) – MIT, Pune.
Experience :  Mr. Mahesh Bendre has overall 18 years of experience which consist of following: • Fund Manager (Equity) – LIC Mutual Fund Asset Management Ltd. (with effect from 1st July 2024) • Senior Equity Analyst – LIC Mutual Fund (April 2024 – June 2024) • Principal Officer & Head – PMS- LIC Mutual Fund Asset Management Ltd. ( April 2023 till April 2024)
• Senior Equity Analyst -LIC Mutual Fund Asset Management Ltd. (October 2022 till April 2023) • Senior Analyst IDBI Capital ( June 2021 till October 2022) • Investment Analyst- Vervene
Asset Management (August 2020 till May 2021) • Equity Analyst Stewart & Mackertich ( December 2019 till March 2020) • Equity Analyst Karvy Inst. Equity (October 2017 till November 2019) • Equity Analyst -Way2wealth Inst. Equity (March 2015 till September 2017) • Equity Analyst – Quantum Securities (March 2012 – June 2014).

LIC MF Manufacturing Fund Sector Representation

Sector Weightage
Automobile and Auto Components 31.09
Capital Goods 18.62
Healthcare 15.99
Metals & Mining 11.67
Oil, Gas & Consumable Fuels 8.98
Chemicals 7.06
Consumer Durables 5.08
Textiles 0.91
Forest Materials 0.34
Telecommunication 0.27

LIC MF Manufacturing Fund Index Return

Where Will the Scheme Invest ? 

  • Government Debt including Treasury Bills and Securities created and issued by the Central and State Governments.
  • Certificate of Deposit (CD).
  • Triparty Repo (TREPS).
  • Commercial Paper (CP).
  • Non Convertible Debentures and Bonds.
  • Floating Rate Bonds.
  • Repo/ Reverse Repo.
  • Securitized Debt.
  • ATI and AT2 bonds.
  • Short Term deposit of Scheduled Commercial Banks (pending deployment) as per applicable guidelines.

Also Read: HDFC Nifty Large Midcap 250 Index Fund Review

HDFC Nifty Large Midcap 250 Index Fund Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna

HDFC Nifty Large Midcap 250 Index Fund Form Download

Download

Abhishek Roy is a Stock market Mutual Fund sip financial expert and online entrepreneur. With 4 years of experience in Stock market Mutual Fund sip, he is dedicated to empowering individuals to take control of their Stock market Mutual Fund and make smart investment decisions. Through IPOLive website he provides insightful tips, strategies and resources to help individuals grow their wealth and achieve financial stability.

Leave a Comment