Mutual Fund has introduced a new Manufacturing Fund, an open-ended equity scheme, aiming to capitalize on the growth prospects of India’s manufacturing sector. With a target to achieve an Asset Under Management (AUM) of INR 60,

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 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).

Old Mutual Zimbabwe has launched the Old Mutual Renewable Energy Fund, a private equity fund dedicated to fostering renewable energy investments in rthe country. The fund is registered with the Securities and Exchange Commission with Old Mutual, the Government of Zimbabwe, and various UN agencies as its key initial investors.

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.

LIC Mutual Fund has launched LIC MF Manufacturing Fund, an open-ended equity scheme focused on manufacturing themes. The NFO is open until October 4, with units allotted on October 11. The scheme aims to achieve long-term capital appreciation by investing in equity and equity-related instruments of manufacturing companies.