Hey there, investors! LIC Mutual Fund has some exciting news for you. The new LIC MF Manufacturing Fund is now open for subscription from 20th September 2024 to 4th October 2024.
This open-ended equity scheme focuses on the manufacturing theme, aiming to achieve long-term capital appreciation by investing in equity and equity-related instruments of companies within the manufacturing sector. The fund will be managed by Mr. Yogesh Patil and Mr. Mahesh Bendre, and will be benchmarked against the Nifty India Manufacturing Index.
With a minimum application amount of Rs. 5,000 during the NFO period, investors can expect a diversified portfolio of companies in sectors such as automobiles, pharmaceuticals, chemicals, heavy engineering products, metals, shipbuilding, and petroleum products.
According to Mr. R K Jha, the Managing Director & Chief Executive Officer of LIC Mutual Fund, India’s strong GDP growth and government initiatives like the Production Linked Incentive scheme and ‘Make-in-India’ are driving demand for manufactured goods. This presents an excellent opportunity for investors in the manufacturing theme.
Mr. Yogesh Patil, the Chief Investment Officer – Equity, also highlighted the potential for India’s manufacturing sector to become a key engine of economic growth. With reforms like ‘Make in India’ and ‘Atmanirbhar Bharat’, India is on track to become a global manufacturing hub.
So, if you’re looking to capitalize on the positive outlook for the manufacturing sector, now is the time to consider investing in the LIC MF Manufacturing Fund. Don’t miss out on this opportunity to be a part of India’s growth story!
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