LIC Mutual Fund has officially launched its LIC MF Manufacturing Fund, an open-ended equity scheme designed to capitalize on the burgeoning manufacturing sector in India. The New Fund Offer (NFO) opened today and will remain available for subscription until October 4, 2024, with units allotted on October 11, 2024. Managed by Mr. Yogesh Patil and Mr. Mahesh Bendre, the fund aims to achieve long-term capital appreciation by primarily investing in equity instruments across various manufacturing industries, including automobiles, pharmaceuticals, and chemicals.
Mr. R K Jha, Managing Director & CEO of LIC Mutual Fund, noted that India’s economic policies and initiatives, such as ‘Make in India’, are enhancing the manufacturing landscape.In Guwahati, this fund is expected to attract local investors eager to tap into the growth potential of the manufacturing sector, aligning with the region’s industrial development goals and economic diversification strategies.
