LIC MF Manufacturing Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹11.21+1.25%1 day
- Return since launch
- 4.8%
- 52-week range
- ₹9.17 — ₹11.69
- AUM
- ₹770 Cr
LIC MF Manufacturing Fund is a Thematic-Manufacturing equity fund from LIC Mutual Fund with ₹770 Cr under management, launched in 2024. The expense ratio is 2.83% 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 +11.3% against +3.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 11.8% | +3.2 pts | 8.7% | 7.2% |
| 2Y | 12.1% | +1.3 pts | 10.8% | 7.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.1% | −3.1 pts | 4.2% | 4.5% |
| 3M | -3.7% | −0.9 pts | -2.8% | -3.5% |
| 6M | 2.7% | −1.4 pts | 4.0% | 3.2% |
| 1Y | 11.5% | +2.8 pts | 8.7% | 4.5% |
| 2Y | 6.9% | +0.6 pts | 6.3% | 4.5% |
Since launch (20 Sep 2024): 4.8%
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
2.85%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.03%
- Brokerage
- 0.18%
- Transaction charges
- 0.01%
- Statutory levies
- 0.63%
- 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 30 Sep 2026
Asset allocation
- Equity92.7%
- Other7.3%
Market cap split
- Large32.3%
- Mid19.5%
- Small48.2%
- P/E
- 13.26
- P/B
- 4.15
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 7.33% | ₹56.44 Cr | +3.50% | -0.78% | +5.90% |
| INDO-MIM Ltd. | Capital Goods | 6.36% | ₹48.99 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 5.56% | ₹42.82 Cr | +5.00% | +3.05% | +1.29% |
| Gabriel India Ltd. | Automobile | 3.45% | ₹26.53 Cr | +1.61% | +1.02% | +1.89% |
| SML Mahindra Ltd. | Automobile | 3.36% | ₹25.87 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 3.19% | ₹24.55 Cr | +3.95% | +2.71% | — |
| Garware Hi-Tech Films Ltd. | Materials | 3.14% | ₹24.14 Cr | +3.26% | +2.38% | +2.90% |
| Hyundai Motor India Ltd. | Automobile | 2.99% | ₹23.03 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 2.70% | ₹20.76 Cr | +2.89% | +4.04% | +3.51% |
| Tenneco Clean Air India Ltd | Automobile | 2.55% | ₹19.64 Cr | +1.43% | +1.70% | — |
| Piramal Pharma Ltd. | Healthcare | 2.40% | ₹18.47 Cr | +2.23% | +2.21% | +2.13% |
| Kirloskar Brothers Ltd. | Capital Goods | 2.22% | ₹17.11 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.22% | ₹17.07 Cr | +4.36% | +2.01% | +1.21% |
| Sansera Engineering Ltd. | Automobile | 2.18% | ₹16.75 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 2.15% | ₹16.56 Cr | +2.18% | +3.17% | +0.96% |
| Cipla Ltd. | Healthcare | 2.08% | ₹16.05 Cr | — | — | +0.62% |
| Cummins India Ltd. | Capital Goods | 2.03% | ₹15.66 Cr | +2.49% | +3.24% | +2.66% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.99% | ₹15.36 Cr | +3.34% | +3.37% | +2.09% |
| Siemens Energy India Ltd. | Energy | 1.95% | ₹14.98 Cr | +2.81% | +3.38% | +0.75% |
| Bharat Forge Ltd. | Automobile | 1.93% | ₹14.83 Cr | +1.22% | +1.58% | +1.86% |
| KSH International Ltd. | Capital Goods | 1.90% | ₹14.62 Cr | +3.01% | +2.61% | — |
| Campus Activewear Ltd. | Consumer Discretionary | 1.89% | ₹14.52 Cr | +1.86% | +1.10% | +0.90% |
| Bharat Bijlee Ltd. | Capital Goods | 1.83% | ₹14.11 Cr | +2.60% | +2.28% | +2.54% |
| Foseco India Ltd. | Chemicals | 1.81% | ₹13.97 Cr | +0.50% | +0.79% | +0.77% |
| Kirloskar Ferrous Industries Ltd. | Metals & Mining | 1.74% | ₹13.38 Cr | +1.76% | +1.25% | +0.24% |
| Hitachi Energy India Ltd. | Capital Goods | 1.70% | ₹13.08 Cr | +2.14% | — | +0.41% |
| KSB Ltd. | Capital Goods | 1.70% | ₹13.07 Cr | +1.34% | +1.67% | +1.32% |
| Arvind Ltd. | Textiles | 1.69% | ₹13.00 Cr | +1.59% | +1.41% | +1.14% |
| Bharat Dynamics Ltd. | Capital Goods | 1.67% | ₹12.89 Cr | +2.78% | +3.19% | — |
| Tata Power Company Ltd. | Energy | 1.58% | ₹12.15 Cr | +1.75% | +0.93% | +1.20% |
| Mahindra Lifespace Developers Ltd. | Construction | 1.50% | ₹11.58 Cr | +1.58% | +1.35% | +1.38% |
| Abbott India Ltd. | Healthcare | 1.48% | ₹11.37 Cr | +1.05% | +1.31% | +0.84% |
| Gillette India Ltd. | Consumer Staples | 1.43% | ₹11.01 Cr | +1.62% | +0.76% | +0.84% |
| Tata Steel Ltd. | Metals & Mining | 1.32% | ₹10.13 Cr | +1.26% | +1.00% | +0.53% |
| Vinati Organics Ltd. | Chemicals | 1.26% | ₹9.70 Cr | +1.31% | +1.17% | +1.30% |
| K.P.R. Mill Ltd. | Textiles | 1.23% | ₹9.49 Cr | +1.35% | +0.72% | +0.79% |
| SRF Ltd. | Chemicals | 1.22% | ₹9.39 Cr | +1.25% | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.20% | ₹9.23 Cr | +1.81% | +2.15% | +1.27% |
| Kennametal India Ltd. | Capital Goods | 1.06% | ₹8.15 Cr | +1.26% | +1.06% | +0.90% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.04% | ₹8.01 Cr | +1.14% | +0.46% | — |
| Britannia Industries Ltd. | Consumer Staples | 1.04% | ₹8.01 Cr | +1.14% | — | — |
| TVS Motor Company Ltd. | Automobile | 0.98% | ₹7.52 Cr | +0.85% | +1.25% | +1.09% |
| Navin Fluorine International Ltd. | Chemicals | 0.93% | ₹7.12 Cr | +0.79% | — | — |
| JSW Steel Ltd. | Metals & Mining | 0.92% | ₹7.11 Cr | +0.84% | — | — |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 0.90% | ₹6.92 Cr | +1.01% | +0.95% | +2.00% |
| Thermax Ltd. | Capital Goods | 0.90% | ₹6.90 Cr | +1.40% | +1.26% | — |
| Metro Brands Ltd. | Consumer Discretionary | 0.76% | ₹5.86 Cr | +1.12% | +0.06% | — |
| Linde India Ltd. | Chemicals | 0.42% | ₹3.20 Cr | +0.27% | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.41% | ₹3.12 Cr | +0.47% | +0.56% | +1.90% |
| Galaxy Surfactants Ltd. | Chemicals | 0.39% | ₹3.01 Cr | +0.29% | — | +0.19% |
| RHI Magnesita India Ltd. | Capital Goods | 0.34% | ₹2.60 Cr | +0.14% | +0.16% | +0.18% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| INDO-MIM Ltd. | 4.62% | 6.36% | +1.74% |
| Kirloskar Brothers Ltd. | 1.07% | 2.22% | +1.15% |
| Hyundai Motor India Ltd. | 1.94% | 2.99% | +1.06% |
| KSH International Ltd. | 2.73% | 1.90% | -0.83% |
| Sun Pharmaceutical Industries Ltd. | 3.00% | 2.22% | -0.79% |
| Kennametal India Ltd. | 1.81% | 1.06% | -0.75% |
| Others | 0.22% | -0.44% | -0.66% |
| Tata Motors Ltd. | 3.80% | 3.19% | -0.61% |
| SML Mahindra Ltd. | 2.83% | 3.36% | +0.53% |
| Piramal Pharma Ltd. | 2.84% | 2.40% | -0.44% |
| Tata Motors Passenger Vehicles Ltd. | 5.97% | 5.56% | -0.41% |
| Mahindra & Mahindra Ltd. | 3.09% | 2.70% | -0.40% |
| Gabriel India Ltd. | 3.81% | 3.45% | -0.36% |
| Bharat Dynamics Ltd. | 1.98% | 1.67% | -0.31% |
| Bharat Bijlee Ltd. | 2.13% | 1.83% | -0.30% |
| Bharat Forge Ltd. | 2.17% | 1.93% | -0.24% |
| Hitachi Energy India Ltd. | 1.93% | 1.70% | -0.23% |
| Vinati Organics Ltd. | 1.48% | 1.26% | -0.22% |
| Cummins India Ltd. | 2.25% | 2.03% | -0.21% |
| Sansera Engineering Ltd. | 1.99% | 2.18% | +0.19% |
| Tenneco Clean Air India Ltd | 2.74% | 2.55% | -0.19% |
| Ingersoll-Rand (India) Ltd. | 1.08% | 0.90% | -0.19% |
| Thermax Ltd. | 1.06% | 0.90% | -0.17% |
| Cipla Ltd. | 2.25% | 2.08% | -0.16% |
| KSB Ltd. | 1.84% | 1.70% | -0.15% |
| Schaeffler India Ltd. | 2.28% | 2.15% | -0.13% |
| Britannia Industries Ltd. | 1.16% | 1.04% | -0.12% |
| K.P.R. Mill Ltd. | 1.36% | 1.23% | -0.12% |
| Bharat Electronics Ltd. | 1.32% | 1.20% | -0.12% |
| SKF India (Industrial) Ltd. | 1.16% | 1.04% | -0.12% |
| Gillette India Ltd. | 1.54% | 1.43% | -0.11% |
| Arvind Ltd. | 1.79% | 1.69% | -0.10% |
| Metro Brands Ltd. | 0.86% | 0.76% | -0.10% |
| Schneider Electric Infrastructure Ltd. | 2.08% | 1.99% | -0.09% |
| TVS Motor Company Ltd. | 1.06% | 0.98% | -0.09% |
| SRF Ltd. | 1.30% | 1.22% | -0.08% |
| Campus Activewear Ltd. | 1.97% | 1.89% | -0.08% |
| Garware Hi-Tech Films Ltd. | 3.22% | 3.14% | -0.08% |
| Siemens Energy India Ltd. | 2.02% | 1.95% | -0.08% |
| Navin Fluorine International Ltd. | 1.00% | 0.93% | -0.08% |
| JSW Steel Ltd. | 0.99% | 0.92% | -0.07% |
| Mahindra Lifespace Developers Ltd. | 1.57% | 1.50% | -0.07% |
| Foseco India Ltd. | 1.86% | 1.81% | -0.05% |
| Tata Steel Ltd. | 1.36% | 1.32% | -0.04% |
| Hindustan Unilever Ltd. | 0.44% | 0.41% | -0.03% |
| Abbott India Ltd. | 1.45% | 1.48% | +0.03% |
| Linde India Ltd. | 0.43% | 0.42% | -0.02% |
| Kirloskar Ferrous Industries Ltd. | 1.72% | 1.74% | +0.01% |
| Tata Power Company Ltd. | 1.57% | 1.58% | +0.01% |
| RHI Magnesita India Ltd. | 0.34% | 0.34% | 0.00% |
| Galaxy Surfactants Ltd. | 0.39% | 0.39% | 0.00% |
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 | ₹2,256 Cr | 1.61% | 10.6% | 11.1% | 16.6% |
 ICICI Prudential Manufacturing Fund | ₹6,612 Cr | 2.08% | 6.1% | 8.7% | 16.4% |
 Kotak Manufacture in India Fund | ₹3,132 Cr | 2.07% | 17.8% | 14.1% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,332 Cr | 2.32% | 17.6% | 14.2% | 16.8% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹122 Cr | 0.43% | 5.5% | 9.2% | — |
 Navi Nifty India Manufacturing Index Fund | ₹83.12 Cr | 1.16% | 5.8% | 9.2% | — |
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 months2.66% absolute | ₹60,000 | ₹61,596 | 2.66% | |
| 1 year11.48% annualised | ₹1,20,000 | ₹1,27,730 | 6.44% |
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 ₹11.21 as on 9 Nov 2026.
What is the expense ratio of LIC MF Manufacturing Fund?
The expense ratio of LIC MF Manufacturing Fund is 2.83% 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 ₹50,860 Cr under management.