LIC MF Manufacturing Fund
The fund is heavily tilted toward cyclical manufacturing—automobiles, auto components, and industrial products together exceed 40%—positioning for a revival in domestic demand and capex cycles. The manager significantly increased Sun Pharma and Tata Motors while trimming Treps, signaling conviction in large-cap manufacturing leaders over mid-sized plays. Recent exits suggest a shift away from niche industrial names toward concentration in established, capital-intensive businesses that benefit from structural growth in India's manufacturing sector.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹11.0171 | — | — | — | — |
| Regular Growth | ₹10.7361 | +3.67% | +12.42% | — | — |
| Direct IDCW | ₹11.0171 | — | — | — | — |
| Regular IDCW | ₹10.7361 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 6.05% |
| 2 | Treps | 5.95% |
| 3 | Tata Motors Ltd. INE1TAE01010 | 5.67% |
| 4 | Mahindra & Mahindra Ltd. INE101A01026 | 5.50% |
| 5 | Maruti Suzuki India Ltd. INE585B01010 | 4.67% |
| 6 | Tata Motors Passenger Vehicles Ltd. INE155A01022 | 3.99% |
| 7 | Carraro India Ltd. INE0V7W01012 | 3.65% |
| 8 | Bharat Dynamics Ltd. INE171Z01026 | 3.44% |
| 9 | Garware Hi-Tech Films Ltd. INE291A01017 | 3.00% |
| 10 | Bharat Bijlee Ltd. INE464A01036 | 2.96% |
| 11 | Schaeffler India Ltd. INE513A01022 | 2.95% |
| 12 | Cummins India Ltd. INE298A01020 | 2.88% |
| 13 | KSH International Ltd. INE987S01020 | 2.83% |
| 14 | Siemens Energy India Ltd. INE1NPP01017 | 2.40% |
| 15 | Schneider Electric Infrastructure Ltd. INE839M01018 | 2.30% |
| 16 | LG Electronics India Ltd. INE324D01010 | 2.30% |
| 17 | Piramal Pharma Ltd. INE0DK501011 | 2.28% |
| 18 | Bharat Electronics Ltd. INE263A01024 | 2.01% |
| 19 | Kirloskar Ferrous Industries Ltd. INE884B01025 | 1.96% |
| 20 | Onesource Specialty Pharma Ltd. INE013P01021 | 1.89% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does LIC MF Manufacturing Fund hold?
LIC MF Manufacturing Fund holds 48 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 25.88% of NAV.
What is the largest holding in LIC MF Manufacturing Fund?
The largest position in LIC MF Manufacturing Fund is Sun Pharmaceutical Industries Ltd., accounting for 6.05% of NAV in the Pharmaceuticals & Biotechnology sector.
Is LIC MF Manufacturing Fund a concentrated or diversified fund?
With a Gini coefficient of 0.364, LIC MF Manufacturing Fund is well-diversified. The HHI concentration index is 27,595 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 25.88% of the portfolio.
What is the market cap allocation of LIC MF Manufacturing Fund?
Based on SEBI's AMFI classification, LIC MF Manufacturing Fund's equity portfolio is split as: Large Cap: 42.24%, Mid Cap: 11.48%, Small Cap: 40.47%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does LIC MF Manufacturing Fund invest in most?
LIC MF Manufacturing Fund has the highest allocation to Automobiles (15.28%), Industrial Products (14.01%), Pharmaceuticals & Biotechnology (12.18%). The fund is invested across 17 sectors in total.
How actively managed is LIC MF Manufacturing Fund compared to other Sectoral / Thematic funds?
LIC MF Manufacturing Fund has an Active Share of 83.56%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in LIC MF Manufacturing Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, LIC MF Manufacturing Fund exited 11 stocks (including Manorama Industries Ltd.). Total holding count decreased from 61 to 50 stocks.