LIC MF introduces high-risk Manufacturing Fund to invest in India's manufacturing sector.

LIC Mutual Fund has introduced the LIC MF Manufacturing Fund, an open-ended equity scheme designed to invest primarily in companies within India's manufacturing sector. Open for subscriptions until October 4, with unit allotment on October 11, the fund targets long-term capital appreciation while focusing on a diversified portfolio across various manufacturing industries. It is categorized as a "very high risk" investment, with a minimum application of Rs 5,000.