LIC MF Manufacturing Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹11.55-0.74%1 day
- Return since launch
- 7.8%
- 52-week range
- ₹9.17 — ₹11.69
- AUM
- ₹781 Cr
LIC MF Manufacturing Fund is a Thematic-Manufacturing equity fund from LIC Mutual Fund with ₹781 Cr under management, launched in 2024. The expense ratio is 2.86% and the SEBI riskometer reading is Very High.
Performance
LIC MF Manufacturing Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +14.4% against +5.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 21.8% | +12.7 pts | 9.1% | 7.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | +3.1 pts | -2.8% | -3.2% |
| 3M | 2.0% | −0.1 pts | 2.1% | 1.5% |
| 6M | 20.1% | +5.2 pts | 14.8% | 12.0% |
| 1Y | 14.4% | +5.3 pts | 9.1% | 5.4% |
Since launch (20 Sep 2024): 7.8%
Calendar-year returns
Category average2.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.8% | −2.5 pts | 5.3% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.86%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.01%
- Brokerage
- 0.19%
- Transaction charges
- 0.01%
- Statutory levies
- 0.65%
- Exit load
- Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty India Manufacturing TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
LIC MF Manufacturing Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity96.7%
- Other3.3%
Market cap split
- Large33.2%
- Mid17.9%
- Small48.8%
- P/E
- 14.36
- P/B
- 4.41
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Tata Motors Passenger Vehicles Ltd. | Automobile | 5.97% | ₹46.65 Cr | +4.03% | +3.61% | — |
| INDO-MIM Ltd. | Capital Goods | 4.62% | ₹36.09 Cr | — | — | — |
| Gabriel India Ltd. | Automobile | 3.81% | ₹29.73 Cr | +1.65% | +1.12% | +2.05% |
| Tata Motors Ltd. | Automobile | 3.80% | ₹29.67 Cr | +4.66% | +4.28% | — |
| Others | Others | 3.34% | ₹26.06 Cr | +6.53% | -10.29% | -0.59% |
| Garware Hi-Tech Films Ltd. | Materials | 3.22% | ₹25.11 Cr | +3.97% | +2.72% | +2.68% |
| Mahindra & Mahindra Ltd. | Automobile | 3.09% | ₹24.15 Cr | +2.93% | +4.26% | +3.31% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.00% | ₹23.47 Cr | +5.29% | +1.82% | +1.22% |
| Piramal Pharma Ltd. | Healthcare | 2.84% | ₹22.19 Cr | +2.33% | +2.32% | +2.06% |
| SML Mahindra Ltd. | Automobile | 2.83% | ₹22.07 Cr | — | — | — |
| Tenneco Clean Air India Ltd | Automobile | 2.74% | ₹21.39 Cr | +1.77% | +1.76% | — |
| KSH International Ltd. | Capital Goods | 2.73% | ₹21.32 Cr | +3.31% | +2.03% | — |
| Schaeffler India Ltd. | Capital Goods | 2.28% | ₹17.84 Cr | +2.84% | +3.29% | +0.89% |
| Cipla Ltd. | Healthcare | 2.25% | ₹17.57 Cr | — | — | +0.66% |
| Cummins India Ltd. | Capital Goods | 2.25% | ₹17.56 Cr | +2.84% | +3.24% | +3.12% |
| Bharat Forge Ltd. | Automobile | 2.17% | ₹16.95 Cr | +1.14% | +1.65% | +1.71% |
| Bharat Bijlee Ltd. | Capital Goods | 2.13% | ₹16.64 Cr | +2.56% | +2.47% | +2.25% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 2.08% | ₹16.27 Cr | +2.91% | +3.31% | +2.20% |
| Siemens Energy India Ltd. | Energy | 2.02% | ₹15.81 Cr | +4.13% | +3.54% | +1.12% |
| Sansera Engineering Ltd. | Automobile | 1.99% | ₹15.51 Cr | — | — | — |
| Bharat Dynamics Ltd. | Capital Goods | 1.98% | ₹15.48 Cr | +2.50% | +3.37% | — |
| Campus Activewear Ltd. | Consumer Discretionary | 1.97% | ₹15.35 Cr | +2.04% | +1.20% | +0.89% |
| Hyundai Motor India Ltd. | Automobile | 1.94% | ₹15.12 Cr | — | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.93% | ₹15.07 Cr | +1.41% | — | +0.44% |
| Foseco India Ltd. | Chemicals | 1.86% | ₹14.54 Cr | +0.47% | +0.83% | +0.91% |
| KSB Ltd. | Capital Goods | 1.84% | ₹14.41 Cr | +1.46% | +1.87% | +0.96% |
| Kennametal India Ltd. | Capital Goods | 1.81% | ₹14.14 Cr | +1.22% | +1.12% | +0.91% |
| Arvind Ltd. | Textiles | 1.79% | ₹13.99 Cr | +1.64% | +1.34% | +1.06% |
| Kirloskar Ferrous Industries Ltd. | Metals & Mining | 1.72% | ₹13.46 Cr | +1.89% | +1.29% | +0.18% |
| Mahindra Lifespace Developers Ltd. | Construction | 1.57% | ₹12.28 Cr | +1.46% | +1.51% | +1.38% |
| Tata Power Company Ltd. | Energy | 1.57% | ₹12.28 Cr | +1.94% | +0.85% | +1.16% |
| Gillette India Ltd. | Consumer Staples | 1.54% | ₹12.05 Cr | +0.70% | +0.80% | +0.90% |
| Vinati Organics Ltd. | Chemicals | 1.48% | ₹11.55 Cr | +0.96% | +1.19% | +1.30% |
| Abbott India Ltd. | Healthcare | 1.45% | ₹11.33 Cr | +1.13% | +1.22% | +0.92% |
| Tata Steel Ltd. | Metals & Mining | 1.36% | ₹10.60 Cr | +0.90% | — | +0.49% |
| K.P.R. Mill Ltd. | Textiles | 1.36% | ₹10.59 Cr | +0.70% | +0.72% | +0.74% |
| Bharat Electronics Ltd. | Capital Goods | 1.32% | ₹10.30 Cr | +1.84% | +2.19% | +1.17% |
| SRF Ltd. | Chemicals | 1.30% | ₹10.17 Cr | — | — | — |
| Britannia Industries Ltd. | Consumer Staples | 1.16% | ₹9.10 Cr | — | — | — |
| SKF India (Industrial) Ltd. | Capital Goods | 1.16% | ₹9.03 Cr | +0.87% | +0.52% | — |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 1.08% | ₹8.47 Cr | +0.99% | +1.00% | +1.96% |
| company:2024 | Capital Goods | 1.07% | ₹8.36 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 1.06% | ₹8.31 Cr | +1.04% | +1.31% | +1.74% |
| Thermax Ltd. | Capital Goods | 1.06% | ₹8.30 Cr | +1.58% | +1.11% | — |
| Navin Fluorine International Ltd. | Chemicals | 1.00% | ₹7.84 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 0.99% | ₹7.76 Cr | — | — | — |
| Metro Brands Ltd. | Consumer Discretionary | 0.86% | ₹6.69 Cr | +1.14% | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.44% | ₹3.42 Cr | +0.49% | +0.58% | +3.60% |
| Linde India Ltd. | Chemicals | 0.43% | ₹3.38 Cr | — | — | — |
| Galaxy Surfactants Ltd. | Chemicals | 0.39% | ₹3.05 Cr | — | — | +0.20% |
| RHI Magnesita India Ltd. | Capital Goods | 0.34% | ₹2.63 Cr | +0.16% | +0.19% | +0.20% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 3.98% | 0.22% | -3.76% |
| Carraro India Ltd. | 3.22% | 0.00% | -3.22% |
| Gabriel India Ltd. | 1.73% | 3.81% | +2.08% |
| Maruti Suzuki India Ltd. | 1.93% | 0.00% | -1.93% |
| Siemens Energy India Ltd. | 3.43% | 2.02% | -1.40% |
| Foseco India Ltd. | 0.48% | 1.86% | +1.38% |
| Sansera Engineering Ltd. | 0.80% | 1.99% | +1.19% |
| Tata Motors Passenger Vehicles Ltd. | 4.82% | 5.97% | +1.15% |
| company:2024 | 0.00% | 1.07% | +1.07% |
| Hitachi Energy India Ltd. | 2.99% | 1.93% | -1.06% |
| Tenneco Clean Air India Ltd | 1.79% | 2.74% | +0.95% |
| Bharat Forge Ltd. | 1.25% | 2.17% | +0.92% |
| KSB Ltd. | 0.98% | 1.84% | +0.86% |
| Hyundai Motor India Ltd. | 1.14% | 1.94% | +0.79% |
| INDO-MIM Ltd. | 5.35% | 4.62% | -0.73% |
| Schneider Electric Infrastructure Ltd. | 2.73% | 2.08% | -0.65% |
| Kennametal India Ltd. | 1.16% | 1.81% | +0.65% |
| Sun Pharmaceutical Industries Ltd. | 3.65% | 3.00% | -0.64% |
| Vidya Wires Ltd. | 0.56% | 0.00% | -0.56% |
| Arvind Ltd. | 1.25% | 1.79% | +0.54% |
| SML Mahindra Ltd. | 3.14% | 2.83% | -0.32% |
| Tata Motors Ltd. | 4.08% | 3.80% | -0.28% |
| Garware Hi-Tech Films Ltd. | 3.49% | 3.22% | -0.27% |
| Piramal Pharma Ltd. | 2.59% | 2.84% | +0.25% |
| Navin Fluorine International Ltd. | 0.78% | 1.00% | +0.23% |
| Campus Activewear Ltd. | 1.76% | 1.97% | +0.21% |
| Vinati Organics Ltd. | 1.28% | 1.48% | +0.20% |
| Bharat Dynamics Ltd. | 2.17% | 1.98% | -0.19% |
| RHI Magnesita India Ltd. | 0.15% | 0.34% | +0.18% |
| Linde India Ltd. | 0.25% | 0.43% | +0.18% |
| Cummins India Ltd. | 2.43% | 2.25% | -0.18% |
| SKF India (Industrial) Ltd. | 0.99% | 1.16% | +0.17% |
| Tata Power Company Ltd. | 1.72% | 1.57% | -0.15% |
| K.P.R. Mill Ltd. | 1.21% | 1.36% | +0.15% |
| Bharat Bijlee Ltd. | 2.27% | 2.13% | -0.14% |
| JSW Steel Ltd. | 0.87% | 0.99% | +0.13% |
| Ingersoll-Rand (India) Ltd. | 0.97% | 1.08% | +0.12% |
| Mahindra Lifespace Developers Ltd. | 1.69% | 1.57% | -0.11% |
| Thermax Ltd. | 1.17% | 1.06% | -0.11% |
| Metro Brands Ltd. | 0.96% | 0.86% | -0.11% |
| Abbott India Ltd. | 1.56% | 1.45% | -0.11% |
| Mahindra & Mahindra Ltd. | 3.20% | 3.09% | -0.11% |
| SRF Ltd. | 1.20% | 1.30% | +0.10% |
| Galaxy Surfactants Ltd. | 0.29% | 0.39% | +0.10% |
| Cipla Ltd. | 2.35% | 2.25% | -0.10% |
| Kirloskar Ferrous Industries Ltd. | 1.81% | 1.72% | -0.09% |
| Bharat Electronics Ltd. | 1.23% | 1.32% | +0.09% |
| Tata Steel Ltd. | 1.27% | 1.36% | +0.08% |
| Gillette India Ltd. | 1.60% | 1.54% | -0.06% |
| Britannia Industries Ltd. | 1.20% | 1.16% | -0.04% |
| Schaeffler India Ltd. | 2.32% | 2.28% | -0.03% |
| Hindustan Unilever Ltd. | 0.47% | 0.44% | -0.03% |
| TVS Motor Company Ltd. | 1.06% | 1.06% | +0.01% |
| KSH International Ltd. | 2.74% | 2.73% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,384 Cr | 1.62% | 13.2% | 12.8% | 18.4% |
 ICICI Prudential Manufacturing Fund | ₹7,175 Cr | 2.13% | 7.8% | 10.7% | 17.8% |
 Kotak Manufacture in India Fund | ₹3,127 Cr | 2.08% | 21.4% | 15.8% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,402 Cr | 2.32% | 28.7% | 17.9% | 18.9% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹129 Cr | 0.44% | 4.1% | 9.9% | — |
 Navi Nifty India Manufacturing Index Fund | ₹86.53 Cr | 1.15% | 4.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
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 managers
- Mahesh BendreMr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months20.05% absolute | ₹60,000 | ₹72,030 | 20.05% | |
| 1 year14.37% annualised | ₹1,20,000 | ₹1,29,763 | 8.14% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of LIC MF Manufacturing Fund?
The NAV of LIC MF Manufacturing Fund is ₹11.55 as on 24 Sep 2026.
What is the expense ratio of LIC MF Manufacturing Fund?
The expense ratio of LIC MF Manufacturing Fund is 2.86% per year.
What is the minimum SIP amount for LIC MF Manufacturing Fund?
You can start a SIP in LIC MF Manufacturing Fund with ₹3,000 a month.
Is there a lock-in or exit load on LIC MF Manufacturing Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days..
How risky is LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Manufacturing category.
Which fund house manages LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.