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.

Mumbai: LIC Mutual Fund on Friday launched a new Manufacturing Fund, an open-ended equity scheme, and said it is looking to achieve an asset under management of Rs 60,000 crore this fiscal.

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 on Friday launched a new Manufacturing Fund, an open-ended equity scheme, and said it is looking to achieve an asset under management of Rs 60,000 crore this fiscal.

Franklin Templeton, a global asset management firm with $1.5 trillion AUM, plans to launch a mutual fund on the Solana blockchain.

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.