HealthyDirect · GrowthFit for a long SIP
LIC MF Manufacturing Fund
LIC Mutual FundEquity Scheme - Sectoral/ Thematic2.1 years
The scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following manufacturing theme.
- NAV
- 11.5771
- 5 Nov 2026
- 1Y
- +11.0%
- Trailing CAGR
- AUM
- ₹769.82 Cr
- 30 Sept 2026
- Volatility
- High
- 17.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 5 Nov 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 96% of rolling 1-year windows.
Buy checklist
History depth
Fail
2.1 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.48% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -22.2%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Pass
Mahesh Bendre · 2.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 41.1% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 22%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+11.0%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+7.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+13.3%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +7.1%
- Calendar-day CAGR
- Excess 1Y
- +9.4%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -22.2%
- Worst peak-to-trough
- Current
- -3.8%
- Below last peak
- Current spell
- 84 days
- Days below latest peak
- Time below peak
- +92%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 19 days
- 15 recovered episodes
- Longest recovery
- 120 days
- Trough to prior peak
11 Dec 2024 – 1 Jul 2025
Trough 3 Mar 2025 · recovered in 120 days
-22.2%
26 Feb 2026 – 16 Apr 2026
Trough 31 Mar 2026 · recovered in 16 days
-10.8%
19 Sept 2025 – 18 Feb 2026
Trough 27 Jan 2026 · recovered in 22 days
-10.7%
13 Aug 2026 – open
Trough 26 Oct 2026 · not recovered
-10.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
47
Vs category
100
Consistency
96
Risk-adjusted
32
Drawdown
45
Mean
64
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 96% of rolling 1-year windows.
Portfolio
30 Sept 2026 · 51 holdings · top 10 are 41.1%.
- Top 5
- 26.5%
- Top 10
- 41.1%
- Largest holding
- 7.8%
- Effective holdings
- 33.7
Repo
Unspecified
7.8%
INDO-MIM Ltd.
Industrials
6.4%
Tata Motors Ltd
Consumer Discretionary
5.6%
Gabriel India Ltd
Consumer Discretionary
3.5%
SML Isuzu Ltd
Consumer Discretionary
3.4%
What changed
DECISION
Status moved from MONITOR to HEALTHY.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- +6.7%
- 3Y
- +17.8%
- Vol
- 12.8%
- Max DD
- -18.4%
- Sharpe
- 0.81
- 3Y win
- +98%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Nippon India Innovation Fund
Nippon India Mutual Fund
- 1Y
- +0.2%
- 3Y
- +14.4%
- Vol
- 14.3%
- Max DD
- -21.5%
- Sharpe
- 0.57
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +17.8%
- 3Y
- n/a
- Vol
- 17.3%
- Max DD
- -16.6%
- Sharpe
- 1.01
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -3.2%
- 3Y
- +12.1%
- Vol
- 12.7%
- Max DD
- -16.7%
- Sharpe
- 0.64
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.6%
- 3Y
- +13.9%
- Vol
- 13.9%
- Max DD
- -17.8%
- Sharpe
- 0.44
- 3Y win
- +14%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER