October 18, 2025
RA Jainee
LIC MF Consumption Fund Direct-Growth
LIC MF Consumption Fund Direct-Growth snapshot
| NFO opens on | 31 October 2025 |
| NFO Closes on | 14 November 2025 |
| Min. Investment | Rs. 5000 |
| Plans | Growth, IDCW |
| Sahifund Verdict | A promising play on India’s domestic demand and lifestyle upgrades. Suitable for aggressive investors seeking to benefit from structural consumption growth. Conservative investors should prefer diversified Flexicap or Largecap funds. |
⏱️ Last Update: 18 October 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the LIC MF Consumption Fund Direct-Growth Open Date, Close Date?
NFO opens on October 31, 2025
NFO will close on November 14, 2025
Investment Strategy for this NFO?
The Scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following consumption theme.
Basic Details
| Fund House | LIC Mutual Fund |
| Issue Open | 31 October 2025 |
| Issue Close | 14 November 2025 |
| Type | Open-ended |
| Category | Equity: Thematic-Consumption |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption within 90 days |
| Riskometer | Very High |
| Benchmark | NIFTY India Consumption TRI |
About Benchmark Index for this NFO?
The Nifty India Consumption Index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, harmaceuticals, Hotels, Media & Entertainment, etc. The Nifty India Consumption Index comprises of 30 companies listed on the National Stock Exchange (NSE).
At the time of rebalancing of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%. Nifty India Consumption Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty India Consumption Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float MCap |
| No. of Constituents | 30 |
| Launch Date | July 12, 2011 |
| Base Date | January 02, 2006 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of LIC MF Consumption Fund Direct-Growth
1) Karan Doshi
Education: Mr. Doshi is aBachelor of Engineering, MMS (Finance)
Experience: Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
2) Sumit Bhatnagar
Education: Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience: Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
AMC
LIC Mutual Fund Asset Management Company Ltd
Address: Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai – 400020
Website: http://www.licmf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for LIC MF Consumption Fund Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY India Consumption TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 1.86 | 6.17 | -5.95 | 19.24 | 13.43 |
| Total Return | 2.25 | 7.14 | -4.99 | 20.57 | 14.79 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.69 | 13.79 | 18.86 |
| Beta (NIFTY 50) | 0.94 | 0.79 | 0.80 |
| Correlation (NIFTY 50) | 0.83 | 0.81 | 0.90 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 41.01 | 8.14 | 1.1 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| ITC Ltd. | 10.20 |
| Bharti Airtel Ltd. | 9.86 |
| Mahindra & Mahindra Ltd. | 8.79 |
| Eternal Ltd. | 6.56 |
| Hindustan Unilever Ltd. | 6.46 |
| Maruti Suzuki India Ltd. | 6.09 |
| Titan Company Ltd. | 4.02 |
| InterGlobe Aviation Ltd. | 3.54 |
| Asian Paints Ltd. | 3.07 |
| Trent Ltd. | 3.00 |
Past Performance of Karan Doshi
| Fund | LIC MF Healthcare Fund | It’s Benchmark | LIC MF Midcap Fund | It’s Benchmark |
| 1 Year | 0.03 | 2.28 | -2.60 | -0.80 |
| 3 Year | 20.54 | 25.14 | 20.48 | 23.89 |
| 5 Year | 14.07 | 18.37 | 22.18 | 28.21 |
| 7 Year | — | — | 16.27 | 21.19 |
| 10 Year | — | — | — | — |
As on 18-10-2025
Past Performance of Sumit Bhatnagar
| Fund | LIC MF BSE Sensex ETF | It’s Benchmark | LIC MF BSE Sensex Index Plan | It’s Benchmark |
| 1 Year | 4.80 | 2.39 | 3.74 | 2.39 |
| 3 Year | 14.13 | 16.53 | 13.04 | 16.53 |
| 5 Year | 17.23 | 19.36 | 16.07 | 19.36 |
| 7 Year | 14.67 | 15.31 | 13.56 | 15.31 |
| 10 Year | — | — | 11.87 | 13.83 |
As on 18-10-2025
[B] Review of Fund Managers
Karan Doshi
-
Background: Mr. Doshi is a Bachelor of Engineering, MMS (Finance), Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
Sumit Bhatnagar
-
Background: Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA)., Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Sahifund Verdict
LIC MF Consumption Fund – NFO Review by Sahifund
LIC Mutual Fund has launched the LIC MF Consumption Fund, a thematic equity scheme focused on India’s growing consumption story. The NFO opens on October 31, 2025, and closes on November 14, 2025, with a minimum investment of Rs. 5,000.
The fund aims to generate long-term capital appreciation by investing predominantly in equities of companies that benefit from rising domestic consumption, including sectors like FMCG, auto, telecom, healthcare, media, and retail. Its benchmark, the Nifty India Consumption TRI, has delivered a strong 5-year CAGR of 20.6%, reflecting the resilience of India’s consumption-driven economy.
Managed by Karan Doshi and Sumit Bhatnagar, the fund combines bottom-up stock selection with a thematic overlay to capture India’s expanding middle-class demand. However, being a very high-risk thematic fund, it is better suited for investors with a long-term (5+ year) horizon and appetite for sectoral concentration.
Sahifund Verdict:
A promising play on India’s domestic demand and lifestyle upgrades. Suitable for aggressive investors seeking to benefit from structural consumption growth. Conservative investors should prefer diversified Flexicap or Largecap funds.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in LIC MF Consumption Fund Direct-Growth NFO?
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
Quicklinks