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LIC MF has launched LIC MF Manufacturing Fund, an open-ended scheme following the manufacturing theme.
The fund will invest in manufacturing theme that covers sectors like automobiles, pharmaceuticals, chemicals, heavy engineering products, metals, shipbuilding and petroleum products etc.
RK Jha, MD & CEO, LIC MF said, “India’s robust GDP growth, rapid urbanization, the growing middle-class population, the government’s export incentives and policy initiatives like Production Linked Incentive scheme and ‘Make-in-India’ are driving demand for manufactured goods. Consequently, the country is largely being developed as a manufacturing hub for the world. Further, manufacturing has a major role to play in making India a $5-trillion economy by 2027. As a result, the investors in the manufacturing theme may benefit from the current positive outlook for the constituent sectors.”
Yogesh Patil, CIO-Equity, LIC MF said, “Initiatives such as 'Make in India’, 'Atmanirbhar Bharat' and the Production Linked Incentive schemes, combined with global supply chain shifts is leading towards India through 'China +1' and 'Europe +1' opportunities. These efforts are anticipated to unlock potential across allied sectors, driving comprehensive economic growth and position India as a global manufacturing hub.”
