Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Manufacturing Fund

Holds 50 companies worth ₹713 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹770 CrLIC MF Manufacturing Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.4% on Aug 2026, ₹781 Cr.

  • Largest holding

    Indo MIM LimitedIndo MIM Limited is 6.4% of this scheme's NAV.

  • Fund manager

    Mahesh BendreRuns it since 11 Oct 2024, as the fund house dates it.

Overview(31 Aug 2026)

Fund managers1

  1. Mahesh BendreFund manager · Oct 2024
  1. Yogesh PatilOct 2024 – Apr 2026

Key facts

Benchmark
Nifty India Manufacturing Index (Total Return Index)
Risk
Very High
Expense
Regular 4.59% · Direct 3.2%
Exit load
12% within 90 days
Started
11 Oct 2024
Minimum
₹5,000

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(9 changes)

Apr 2026

2 changes
  1. Yogesh Patil left
    11 Aprran it as fund manager from Oct 2024
  2. Expense ratio
    7 AprRegular 2.46% → 4.59%Direct 1.64% → 3.2%

Mar 2026

1 change
  1. Expense ratio
    18 MarRegular 2.33% → 2.46%Direct 0.83% → 1.64%

Jan 2026

1 change
  1. Expense ratio
    28 JanRegular 2.22% → 2.33%Direct 0.62% → 0.83%

Source.Its filings at NSE, since Oct 2024.

Fund managers over time(Oct 2024 – now)

  1. Mahesh Bendre
  2. Yogesh Patil
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Oct 2024 – Aug 2026)

Every change to the expense ratio, newest first.
9 changesRegularDirectΔ pt
7 Apr 20264.59%3.20%1.56
18 Mar 20262.46%1.64%0.81
28 Jan 20262.33%0.83%0.21
22 Jul 20252.22%0.62%0.14
13 May 20252.24%0.48%0.04
15 Apr 20252.27%0.52%0.09
7 Jan 20252.19%0.43%0.01
21 Oct 20242.20%0.44%0
15 Oct 20242.19%0.44%–
Direct plan, 7 Apr 2026
3.20%
Regular plan 4.59% · Exit load 12% within 90 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(31 Aug 2026)

Objective

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.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme following manufacturing theme
Benchmark
Nifty India Manufacturing Index (Total Return Index)

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments of companies following manufacturing theme
    Allowed80–100%Holds92.7%
  2. Equity and equity related instruments of other than companies following manufacturing theme, Money market instruments, other liquid instruments, INVITs and mutual fund units including Gold / Silver ETFs
    Allowed0–20%

Holds in Sept 2026.92.7% equity · 7.3% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
Most
No Limit
Systematic
SIP Details -Daily,Weekly, Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
Dates
SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
Minimum
SIP Details - 100, 150,200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 1 | SWP Details - 1 | STP Details - 1
Instalments
"SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12 "
Most
SIP Details - No Limit | SWP Details - No Limit | STP Details - No Limit

Selling and switching

To redeem
Rs. 500/- and in multiples of Re.1/- thereafter or account balance whichever is lower (except demat units) or Units equivalent to Rs. 500/- or account balance whichever is lower units
Minimum balance
There is no minimum balance requirement or There is no minimum balance requirement units
Switch minimum
Switch - in: Rs.5000 and multiples of Rs. 1/- thereafter. Switch-out :Rs. 500 and multiples of Rs. 1/- thereafter or 0.001 units
Switch multiples
₹1 or No Limit units
Switch most
No Limit or No Limit units

Scheme details(31 Aug 2026)

What it is

Category
Thematic Fund
Offer
20 Sept 2024 to 4 Oct 2024
Started
11 Oct 2024
Reopened
16 Oct 2024
Plans
Regular Plan-Payout of Income Distribution cum Capital Withdrawal (IDCW) Option · Regular Plan-IDCW Reinvestment Option · Regular Plan-Growth Option · Direct Plan- Payout of IDCW Option · Direct Plan-Reinvestment of IDCW Option · Direct Plan-Growth Option
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Co LLP
Registrar
KFin Technologies Limited
SEBI code
LICM/O/E/THE/24/09/0029