LIC MF Manufacturing Fund Direct Growth

Equity
Thematic
Very High Risk
Launch date20 Sep 2024
Allotment date11 Oct 2024
End date04 Oct 2024
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.42%

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹200

Fund management

Mahesh Bendre
Sep 2024 - Present
View details

Education
Mr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)
Experience
Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities
Also manages these schemes

Fund house & investment objective

Rank (total assets)#20 in India
Total AUM₹32,368.68Cr
Date of Incorporation20 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 Dec 2024 is ₹9.73. The LIC MF Manufacturing Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000. 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 benchmarkNifty India Manufacturing Total Return Index

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
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