LIC MF Launches New Equity Scheme Targeting India’s Consumption Boom

Aiming to harness India’s fast-growing consumer economy, the LIC MF Consumption Fund opened for subscription this week. The thematic open-ended equity scheme invests in companies across FMCG, retail, and lifestyle segments expected to benefit from higher disposable incomes and urban spending. Fund managers highlighted disciplined sector allocation and long-term demand visibility. Market experts view the launch as a timely addition to LIC Mutual Fund’s product mix, offering investors exposure to one of India’s most resilient structural growth themes.