LIC Mutual Fund has launched a new open-ended equity scheme focused on the manufacturing sector, aiming to benefit from India's robust growth and the 'Make in India' initiative. The scheme will invest in companies across various manufacturing sectors,

At an event, RK Jha, Managing Director and CEO, LIC Mutual Fund, said the AMC is working with registrar KFintech Service and will file an addendum early next month to reduce minimum daily and monthly SIP limit of Rs 100 and Rs 200,

The scheme aims to provide a diversified portfolio of companies that come under the ambit of manufacturing theme, including automobiles, pharmaceuticals, chemicals, heavy engineering products, metals,

LIC Mutual Fund has launched a new Manufacturing Fund, an open-ended equity scheme, with a target AUM of Rs 60,000 crore by fiscal-end. The NFO is open till October 4 and the scheme aims to provide a diversified portfolio of companies in the manufacturing sector.

The new fund offer (NFO) will remain open for subscription till October 4 while the units under the scheme would be allotted on October 11, the company said. It also said that the scheme will be benchmarked to the Nifty India Manufacturing Index (Total Return Index).

Venture capital firm Capital A launches a Rs 400 crore fund focused on high-potential sectors like manufacturing, deep-tech, climate, and fintech startups. The fund aims to invest in 17-20 companies over the next few years.