LIC MF Manufacturing Fund-Regular Plan-Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Generated +11.1% annualized alpha (excess return) over its benchmark.
- Expense ratio (2.84%) is higher than category median (2.52%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +2.63% | +6.32% | -3.69% |
| 3 Months | -2.83% | -0.20% | -2.63% |
| 6 Months | +3.66% | +5.98% | -2.32% |
| 1 Year | +12.33% | +3.90% | +8.43% |
| Since Inception | +5.88% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +13.76% | +4.03% | +9.73% |
| 2025 | +2.79% | +1.43% | +1.36% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -2.61% | +11.80% | +11.98% | +28.87% | 95.4% | 73.4% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-12-11 | 2025-03-03 | -22.5% | 3 months | 4 months |
| 2025-09-19 | 2026-01-27 | -11.2% | 4 months | 3 months |
| 2026-08-13 | 2026-10-26 | -10.3% | 2 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Under normal circumstances, the asset allocation of the Scheme would be as follows: Equity and equity related instruments of companies following manufacturing theme | 80%-100% of the total assets, 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: 0%-20% of the total assets. Please refer the Scheme Information Document for complete details. |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 766 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| qsif Equity Long Short Fund | 5.9 | - | 3.85% | 65.1% | Rs 830 cr | Compare → |
| SBI Innovative Opportunities Fund | 7.4 | - | 2.00% | 92.1% | Rs 5,342 cr | Compare → |
| Axis India Manufacturing Fund | 7.7 | - | 2.07% | 82.1% | Rs 5,620 cr | Compare → |
| WhiteOak Capital Special Opportunities Fund | 5.6 | - | 2.83% | 92.5% | Rs 2,169 cr | Compare → |
| Kotak MNC Fund | 7.6 | - | 2.27% | 75.3% | Rs 2,196 cr | Compare → |
Frequently Asked Questions about LIC MF Manufacturing Fund
What is the expense ratio of LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund has a total expense ratio (TER) of 2.84% with a base expense ratio of 2.02%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund is managed by Mahesh Bendre (tenure: 2.1 years since 2024-10-11).
What are the historical returns of LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund has a 1-year return of +12.33%.
How large is LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund manages assets of Rs 766 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.
How is LIC MF Manufacturing Fund scored on MFIQ?
LIC MF Manufacturing Fund holds an MFIQ Score of 5.7/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 17.46% with a maximum historical drawdown of -22.47%.