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 11 October 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 | 11 Oct 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
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and equity related instruments of companies following manufacturing theme | 80% | 100% |
| Equity and equity related instruments of other than above companies | 0% | 20% |
| Debt and Money market instruments | 0% | 20% |
| Units issued by REITs and InvITs | 0% | 10% |
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
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 3.80 | 37.50 | 56.31 | 28.99 | 15.03 |
| Total Return | 4.15 | 38.24 | 57.21 | 30.36 | 16.56 |
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.
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