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Sectoral / Thematic · Equity

LIC MF Manufacturing Fund

LIC Mutual Fund Asset Management Limited
Benchmark
Nifty India Manufacturing TRI
Riskometer
Very High
Size
₹756 cr
Allotted
11 Oct 2024
Holdings as of
30 Sep 2026

LIC MF Manufacturing Fund is a sectoral / thematic fund of LIC Mutual Fund Asset Management Limited with ₹756 cr under management. It is ahead of its benchmark (Nifty India Manufacturing TRI) in 1 of 1 periods. Its direct plan charges 1.45% a year. Mahesh Bendre has managed it for 2.0 years.

Has LIC MF Manufacturing Fund beaten its benchmark?

Ahead of its benchmark, Nifty India Manufacturing TRI, in 1 of 1 periods in AMFI's figures; +12.39% over the last year against +1.84%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−2.69% −3.60% —
3 months−0.94% −5.03% —
6 months+9.43% −1.83% —
1 year+13.12% −4.06% +17.18 pts
3 years— +9.27% —
5 years— +8.00% —
10 years— +12.69% —
Since start
from 16 Oct 2024
+7.07%——
Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty India Manufacturing TRI) in 1 of 1 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +12.39%+10.80%+1.84% +10.55 🔒
3y ——— — —
5y ——— — —
10y ——— — —
Ahead in points a year · its rank among Sectoral / Thematic funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2024 to 14 Oct 2026
50100150 2025
Fund 117Nifty 500 TRI 99

₹100 put in at the start of Oct 2024 would be ₹117 on 14 Oct 2026, against ₹99 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does LIC MF Manufacturing Fund cost?

1.45% a year on the direct plan, 2.82% on the regular plan; 129 of 174 funds in its category charge less.

Direct plan
1.45% a year
Category median 1.22%
Regular plan
2.82% a year
Category median 2.38%
Gap
1.37 points
for the same holdings
129 of 174 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Scheme - Sectoral/ Thematic

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages LIC MF Manufacturing Fund?

Mahesh Bendre, since 11 Oct 2024.

Mahesh Bendre
Fund Manager
2.0 years
since 11 Oct 2024
Benchmark as filedNifty 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.
From 2 Scheme Summary Documents filed with NSE, first on 11 Apr 2026; as on 31 Aug 2026

What does LIC MF Manufacturing Fund hold?

52 holdings as of 30 Sep 2026; the ten largest are 35.7% of the fund, the largest INDO-MIM Ltd. at 6.4%.

Mix

Holdings as of 30 Sep 2026
Equity92.7%Debt0.0%Cash7.3%Other0.0%
Holdings
52
50 shares
Top ten
35.7%
of the fund
Effective holdings
36.4
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
INDO-MIM Ltd.6.36%
Tata Motors Passenger Vehicles Ltd.5.56%
Gabriel India Ltd.3.45%
SML Mahindra Ltd.3.36%
Tata Motors Ltd.3.19%

Five largest industries

% of fund
Industrial Products14.3%
Auto Components13.2%
Automobiles13.2%
Electrical Equipment9.00%
Pharmaceuticals & Biotechnology8.80%

By company size

% of equity · SEBI size lists
Large Cap32.3%Mid Cap19.5%Small Cap48.2%

How does LIC MF Manufacturing Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is LIC MF Manufacturing Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker
Nearest to the Nifty Next 50: 87% of it differs from the index (an active fund is usually above 60%).
Active share 86.6%60%

Funds that hold much the same

% of holdings in common
LIC MF VALUE FUND56.4% the same
26 shared holdings
LIC MF INFRASTRUCTURE FUND53.8% the same
29 shared holdings
LIC MF FOCUSED FUND46.5% the same
17 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages LIC MF Manufacturing Fund?

Mahesh Bendre (Fund Manager) since 11 Oct 2024.

What is the expense ratio of LIC MF Manufacturing Fund?

1.45% a year on the direct plan and 2.82% on the regular plan (expense report, Oct 2026).

Inside the app

See LIC MF Manufacturing Fund beside your own funds in Valarth

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LIC MF Manufacturing Fund in the app: beside your own funds, with what you own through them

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