September 24, 2024
mayank
LIC MF Manufacturing Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Managers
- Should You Invest in this NFO?
- Invest Online
What is the LIC MF Manufacturing Fund Open Date, Close Date?
NFO opens on September 20, 2024
NFO will close on October 04, 2024
What is the Investment Strategy?
The scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following manufacturing theme.
Basic Details
| Fund House | LIC Mutual Fund |
| Issue Open | 20 September 2024 |
| Issue Close | 04 October 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| 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 Manufacturing TRI |
What is the Benchmark Index of LIC MF Manufacturing Fund?
The Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India. The stocks are selected from a combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index. A stock’s weight in the Nifty India Manufacturing index is based on its free-float market capitalisation subject to maximum weight of each stock at 5%. The index also has a minimum weight of 20% to certain manufacturing sectors.
Index Variant: Nifty India Manufacturing Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | 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 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 15.39 | 19.06 | 21.37 |
| Beta (NIFTY 50) | 0.98 | 0.87 | 0.92 |
| Correlation (NIFTY 50) | 0.84 | 0.88 | 0.92 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 33.13 | 5.37 | 0.99 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| 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 |
Performance Review of the Fund Managers of LIC MF Manufacturing Fund?
1) Mahesh Bendre
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
Past Performance of his Schemes
| Fund | LIC MF Value Fund | It’s Benchmark | LIC MF Small Cap Fund | It’s Benchmark |
| 1 Year | 45.56 | 37.83 | 55.40 | 52.11 |
| 3 Year | 18.91 | 16.45 | 26.75 | 26.43 |
| 5 Year | 20.83 | 20.05 | 29.83 | 31.42 |
| 7 Year | — | — | 18.67 | 18.09 |
| 10 Year | — | — | — | — |
AS ON 24-9-2024
2) Yogesh Patil
Education: Mr. Patil is an MBA (Finance).
Experience: Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
Past Performance of his Schemes
| Fund | LIC MF Balanced Advantage Fund | It’s Benchmark | LIC MF Multi Cap Fund | It’s Benchmark |
| 1 Year | 18.98 | 30.35 | 50.84 | 41.87 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
AS ON 24-9-2024
Which Company Owns LIC MF Manufacturing Fund?
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: www.karvymfs.com
Is it good to invest in LIC MF Manufacturing Fund NFO?
Guidance for LIC MF Manufacturing Fund by Paresh Gordhandas, C.A., Research Analyst.
Manufacturing is a buzzword right now. Beginning from August 2023, the LIC Manufacuting Fund is the 10th Fund to enter the market with this theme. The country’s manufacturing industry is the pillar for India’s economic growth and the government is laying much emphasis on the same. Regulatory support and growing market size is supportive in the current scenario. However, it is be kept in mind that a very long term horizon is required to reap the most benefits.
The LIC MF Manufacturing Fund will compete against the Quant Manufacturing Fund, Axis India Manufacturing Fund, Canara Robeco Manufacturing Funds among others.
This fund is being managed by two Fund Managers – Mahesh Bendre and Yogesh Patil. A sample study of the other funds managed by Mr. Bendre shows a good picture. Not much track record is available in case of Mr. Yogesh Patil.
Can invest in this fund.
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