LIC MF Manufacturing Fund
LIC Mutual Fund · Sectoral/Thematic · Direct plan, growth option
NAV (₹), 1 Oct 2026
11.6153
1-day change
-0.89%
1Y return
13.6%
3Y CAGR
n/a
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 16 Oct 2024 to 1 Oct 2026
Returns vs Sectoral/Thematic median (253 schemes) and “Manufacturing” median (11)
| Period | Scheme | Category median | Manufacturing median |
|---|---|---|---|
| 1 month | -1.8% | -5.4% | -4.6% |
| 3 months | -0.6% | -2.8% | -0.6% |
| 6 months | 20.1% | 8.9% | 17.8% |
| Year to date | 14.3% | -2.0% | 11.1% |
| 1 year | 13.6% | 1.4% | 11.2% |
| 3 years (CAGR) | n/a | 13.0% | 18.9% |
| 5 years (CAGR) | n/a | 12.0% | 16.4% |
| 7 years (CAGR) | n/a | 17.0% | 20.1% |
| 10 years (CAGR) | n/a | 14.6% | 13.7% |
| Since first NAV (CAGR) | 7.6% | – | – |
“Manufacturing” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 14.6% | 11.8% |
| 3Y rolling median | n/a | 17.5% |
| 3Y rolling worst | n/a | 3.0% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | 84% |
| 5Y rolling median | n/a | 15.6% |
| 5Y rolling worst | n/a | 1.8% |
| 5Y periods ahead of benchmark | n/a | 91% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | n/a | 16.7% |
| Sharpe ratio | n/a | 0.42 |
| Sortino ratio | n/a | 0.63 |
| Beta | n/a | 0.96 |
| Alpha (ann.) | n/a | 3.7% |
| Upside capture | n/a | 106.94 |
| Downside capture | n/a | 95.17 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −22.2% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | n/a | −22.3% |
| Current drawdown | −3.5% | −8.3% |
| Recovery time of worst fall | 120 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.81% a year and the Direct plan's 1.44%, a gap of 1.37%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹28,96,624.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 1.50% to 1.44% (AMFI TER disclosure)
- 28 Sep 2026: TER increased from 1.48% to 1.50% (AMFI TER disclosure)
- 22 Sep 2026: TER reduced from 1.49% to 1.48% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 1.50% to 1.49% (AMFI TER disclosure)
- 17 Sep 2026: TER reduced from 1.51% to 1.50% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.49% to 1.51% (AMFI TER disclosure)
- 11 Sep 2026: TER increased from 1.48% to 1.49% (AMFI TER disclosure)
- 4 Sep 2026: TER reduced from 1.49% to 1.48% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Mahesh Bendre | Fund Manager | 11 Oct 2024 |
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.
Stated asset allocation: 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.
Benchmark (tier 1): Nifty India Manufacturing Index (Total Return Index)
Exit load: 1. If units of the Scheme are redeemed / switched-out within 90 days from the date of allotment: a. Upto 12% of the units: No exit load will be levied b. Above 12% of the units: exit load of 1% will be levied 2. If units of the Scheme are redeemed / switched-out after 90 days from the date of allotment: No exit load will be levied.
Minimum application: ₹5,000
Allotment date: 11 Oct 2024
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.44% | 1.15% |
| AUM, whole scheme (₹ crore) | 770 | 1,272 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 15.9% | 5.5% TRI |
Official benchmark: Nifty India Manufacturing TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 14.3% | -7.8% | +22.1% |
| 2025 | 4.5% | 7.7% | −3.1% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,30,769 | 17.0% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: LIC Mutual Fund
Category: Sectoral/Thematic
Plan / option: Direct · Growth
AMFI scheme code: 152920
ISIN: INF767K01RR2
First NAV in MFIC data: 16 Oct 2024
History: 2.0 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Tata Infrastructure Fund | Sectoral/Thematic | 0.98 | 11.6% |
| LIC MF Infrastructure Fund | Sectoral/Thematic | 0.98 | 22.6% |
| Canara Robeco Manufacturing Fund | Sectoral/Thematic | 0.98 | n/a |
| Aditya Birla Sun Life Infrastructure Fund | Sectoral/Thematic | 0.97 | 16.2% |
| Kotak Infrastructure and Economic Reform Fund | Sectoral/Thematic | 0.97 | 15.4% |
| DSP India T.I.G.E.R. Fund | Sectoral/Thematic | 0.96 | 18.7% |
Questions about LIC MF Manufacturing Fund
- What is the latest NAV of LIC MF Manufacturing Fund?
- The NAV of the Direct plan (growth option) was ₹11.6153 on 1 Oct 2026, as published by AMFI.
- Which category is LIC MF Manufacturing Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 253 Sectoral/Thematic schemes (Direct plans).
- What was the largest fall in LIC MF Manufacturing Fund's NAV?
- The largest peak-to-trough fall in its available history was 22.2%.
- What is the expense ratio (TER) of LIC MF Manufacturing Fund?
- The total expense ratio of the Direct plan is 1.44% a year, as disclosed to AMFI (median of Sectoral/Thematic Direct plans: 1.15%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is LIC MF Manufacturing Fund?
- Assets under management of the whole scheme were ₹770 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of LIC MF Manufacturing Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- Who manages LIC MF Manufacturing Fund?
- According to its Scheme Summary Document, LIC MF Manufacturing Fund is managed by Mahesh Bendre (since 11 Oct 2024).
- What is the exit load of LIC MF Manufacturing Fund?
- As stated in its scheme documents: 1. If units of the Scheme are redeemed / switched-out within 90 days from the date of allotment: a. Upto 12% of the units: No exit load will be levied b. Above 12% of the units: exit load of 1% will be levied 2. If units of the Scheme are redeemed / switched-out after 90 days from the date of allotment: No exit load will be levied. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in LIC MF Manufacturing Fund?
- The minimum application amount is ₹5,000. SIP details: SIP Details - 100, 150,200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 13.6% and the Regular plan's by 12.0%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.