LIC MF Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹291 Cr

Expense Ratio

1.05%

ISIN

INF767K01NK6

Minimum SIP

₹500

Exit Load

1.00%

Inception Date

27 Mar 2015

About this fund

LIC MF Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 9 years, 6 months and 26 days, having been launched on 27-Mar-15.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹21.76, Assets Under Management (AUM) of 291.33 Crores, and an expense ratio of 1.05%.

LIC MF Banking & Financial Services Fund Direct Growth has given a CAGR return of 8.46% since inception.
The fund's asset allocation comprises around 96.82% in equities, 0.00% in debts, and 3.18% in cash & cash equivalents.
You can start investing in LIC MF Banking & Financial Services Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+13.81%

+18.69% (Cat Avg.)

3 Years

+10.85%

+12.06% (Cat Avg.)

5 Years

+12.59%

+14.42% (Cat Avg.)

Since Inception

+8.46%

— (Cat Avg.)

Portfolio Summaryas of 30th September 2024

Equity	₹282.06 Cr	96.82%
Others	₹9.27 Cr	3.18%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹69.09 Cr	23.72%
ICICI Bank Ltd	Equity	₹33.08 Cr	11.35%
Axis Bank Ltd	Equity	₹21.77 Cr	7.47%
State Bank of India	Equity	₹15.9 Cr	5.46%
Treps	Cash - Repurchase Agreement	₹11.69 Cr	4.01%
Power Finance Corp Ltd	Equity	₹9.8 Cr	3.37%
Mahindra & Mahindra Financial Services Ltd	Equity	₹9.64 Cr	3.31%
Kotak Mahindra Bank Ltd	Equity	₹9.2 Cr	3.16%
IndusInd Bank Ltd	Equity	₹9.02 Cr	3.10%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹8.92 Cr	3.06%
Piramal Enterprises Ltd	Equity	₹7.81 Cr	2.68%
CSB Bank Ltd Ordinary Shares	Equity	₹7.71 Cr	2.65%
IIFL Finance Ltd	Equity	₹7.66 Cr	2.63%
Five-Star Business Finance Ltd	Equity	₹7.46 Cr	2.56%
TVS Holdings Ltd	Equity	₹7.04 Cr	2.42%
DCB Bank Ltd	Equity	₹6.65 Cr	2.28%
AAVAS Financiers Ltd	Equity	₹6.44 Cr	2.21%
L&T Finance Ltd	Equity	₹6.42 Cr	2.20%
Shriram Finance Ltd	Equity	₹6.38 Cr	2.19%
Computer Age Management Services Ltd Ordinary Shares	Equity	₹5.18 Cr	1.78%
Aadhar Housing Finance Ltd	Equity	₹5.02 Cr	1.72%
MAS Financial Services Ltd Ordinary Shares	Equity	₹4.27 Cr	1.47%
ICICI Securities Ltd	Equity	₹3.56 Cr	1.22%
Spandana Sphoorty Financial Ltd	Equity	₹3.29 Cr	1.13%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹3.27 Cr	1.12%
HDFC Asset Management Co Ltd	Equity	₹2.79 Cr	0.96%
Bajaj Holdings and Investment Ltd	Equity	₹2.67 Cr	0.92%
Net Receivables / (Payables)	Cash	₹-2.42 Cr	0.83%
Equitas Small Finance Bank Ltd Ordinary Shares	Equity	₹2 Cr	0.69%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹269.83 Cr	92.62%
Consumer Cyclical	₹7.04 Cr	2.42%
Technology	₹5.18 Cr	1.78%

Risk & Performance Ratios

Fund Managers

Jaiprakash Toshniwal

Since September 2021

Additional Scheme Detailsas of 30th September 2024

ISIN

INF767K01NK6

Expense Ratio

1.05%

Exit Load

1.00%

Fund Size

₹291 Cr

Age

9 years 6 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Tata Nifty Private Bank ETF Very High Risk	0.1%	-	₹10.07 Cr	12.3%
Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk	-	-	-	-
Nippon India ETF Nifty PSU Bank BeES Very High Risk	0.5%	-	₹2475.19 Cr	28.1%
Kotak Nifty PSU Bank ETF Very High Risk	0.5%	-	₹1349.39 Cr	28.1%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2549.65 Cr	18.0%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹1911.12 Cr	14.1%
Axis NIFTY Bank ETF Very High Risk	0.2%	-	₹274.94 Cr	18.0%
ICICI Prudential Banking and Financial Services Regular Growth Very High Risk	1.8%	1.0%	₹8899.01 Cr	23.8%
UTI Banking and Financial Services Fund Regular Growth Very High Risk	2.2%	1.0%	₹1191.78 Cr	25.1%
Nippon India Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹6388.51 Cr	24.4%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹31,651 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹3234.88 Cr	42.9%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹560.43 Cr	28.5%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹178.06 Cr	10.9%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.4%	1.0%	₹1403.94 Cr	30.6%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹90.34 Cr	10.7%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1591.08 Cr	8.7%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1588.28 Cr	30.5%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1494.13 Cr	7.9%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹87.78 Cr	23.6%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹340.27 Cr	26.3%
LIC MF Infrastructure Fund Direct Growth Very High Risk	1.4%	1.0%	₹750.04 Cr	63.1%
LIC MF Liquid Plan Direct Growth Low to Moderate Risk	0.2%	0.0%	₹9610.33 Cr	7.5%
LIC MF ELSS Direct Growth Very High Risk	0.9%	0.0%	₹1209.44 Cr	34.3%
LIC MF Short Duration Fund Direct Growth Moderate Risk	0.4%	0.0%	₹111.33 Cr	8.9%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹136.44 Cr	7.7%
LIC MF Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	1.0%	₹844.69 Cr	19.2%
LIC MF Conservative Hybrid Fund Direct Growth Moderately High risk	1.2%	1.0%	₹51.02 Cr	12.3%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹291.33 Cr	13.8%
LIC MF Money Market Fund Direct Growth Low Risk	0.6%	0.0%	₹25.14 Cr	6.7%
LIC MF Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹869.37 Cr	6.8%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1403.94 Cr	43.0%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹259.04 Cr	7.6%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of LIC MF Banking & Financial Services Fund Direct Growth?

The NAV of LIC MF Banking & Financial Services Fund Direct Growth, as of 22-Oct-2024, is ₹21.76.

What are the returns of LIC MF Banking & Financial Services Fund Direct Growth?

The fund has generated 13.81% over the last 1 year and 10.85% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of LIC MF Banking & Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 96.82% in equities, 0.00% in bonds, and 3.18% in cash and cash equivalents.

Who manages the LIC MF Banking & Financial Services Fund Direct Growth?

The fund managers responsible for LIC MF Banking & Financial Services Fund Direct Growth are:-

Jaiprakash Toshniwal

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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LIC MF Banking & Financial Services Fund Direct Growth

Fund Overview