LIC Mutual Fund has launched a new thematic equity scheme called the LIC MF Consumption Fund. This fund aims to invest in companies that are expected to benefit from India’s fast-growing consumption sector.
NFO Period and Availability
The New Fund Offer (NFO) is currently open and will close on November 14, 2025.
After the NFO ends, the scheme will reopen for continuous purchase and redemption from November 25, 2025.
Fund Management and Benchmark
The scheme will be managed by Sumit Bhatnagar and Karan Doshi.
Its benchmark index will be the Nifty India Consumption Total Return Index (Nifty India Consumption TRI).
Investment Strategy and Key Features
Investment Approach
According to LIC Mutual Fund, the main goal of the scheme is long-term capital appreciation.
Key points:
80–100% of the portfolio will be invested in equity and equity-related instruments, mainly in companies that benefit from India’s growing domestic consumption.
Up to 20% may be invested in companies from other sectors or themes.
Investments can be made across large-cap, mid-cap, and small-cap companies.
The fund house has clarified that there is no guarantee of achieving the investment objective.
Minimum Investment and SIP Options
Minimum amount during NFO: ₹5,000, with additional investments allowed in multiples of ₹1.
SIP will start once the scheme reopens.
Daily SIP: Minimum ₹100
Monthly SIP: Minimum ₹200
Quarterly SIP: Minimum ₹1,000
Who Should Invest?
This scheme may be suitable for:
Investors who want to participate in India’s long-term consumption-driven growth.
Investors who follow consumption trends and want to benefit from rising demand across various consumer-related sectors.
Scheme Objective
The scheme aims to generate long-term capital appreciation through an actively managed portfolio of equity and equity-related securities of companies operating in consumption and allied sectors.
Exit Load Structure
No exit load for redemption of up to 12% of units within 90 days.
1% exit load for redemptions above 12% within 90 days.
No exit load after 90 days.
Why LIC MF Launched This Scheme
LIC Mutual Fund says the scheme aligns with India’s fast-changing consumption patterns. Rising income levels, rapid urbanization, increasing digital adoption,
and a strong demographic profile are expected to boost consumption-led companies in the coming years.
About LIC Mutual Fund
Established in 1989, LIC Mutual Fund is one of India’s leading fund houses. It offers a wide range of equity, debt, hybrid, and passive investment products. Its sponsor is the Life Insurance Corporation of India (LIC).
