| Launch date | NA |
| Allotment date | 11 Oct 2024 |
| End date | NA |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
Inclusive of GST
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | Not Supported |
| Min. for 2nd investment onwards | Not Supported |
| Min. for SIP | Not Supported |
Fund management
Yogesh PatilSep 2024 - PresentView details
Mahesh BendreSep 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #20 in India |
|---|---|
| Total AUM | ₹32,368.68Cr |
| Date of Incorporation | 20 Apr 1994 |
|---|
LIC MF Manufacturing Fund Direct Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Yogesh Patil is the Current Fund Manager of LIC MF Manufacturing Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹32,369 Cr and the Latest NAV as of 20 Sep 2024 is ₹10.00. The LIC MF Manufacturing Fund Direct Growth is rated NA risk. Minimum SIP Investment is set to ₹1,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. ;
Investment Objective
The scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following manufacturing theme. ;
| Fund benchmark | Nifty India Manufacturing Total Return Index |
|---|