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Fund Overview

Fund Size

Fund Size

₹303 Cr

Expense Ratio

Expense Ratio

1.05%

ISIN

ISIN

INF767K01NK6

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

1.00%

Inception Date

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, 3 months and 23 days, having been launched on 27-Mar-15.
As of 19-Jul-24, it has a Net Asset Value (NAV) of ₹22.36, Assets Under Management (AUM) of 303.28 Crores, and an expense ratio of 1.05%.
  • LIC MF Banking & Financial Services Fund Direct Growth has given a CAGR return of 9.02% since inception.
  • The fund's asset allocation comprises around 95.45% in equities, 0.00% in debts, and 4.55% 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

+16.93%

+23.26% (Cat Avg.)

3 Years

+16.28%

+17.29% (Cat Avg.)

5 Years

+13.75%

+14.14% (Cat Avg.)

Since Inception

+9.02%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Equity289.48 Cr95.45%
Others13.79 Cr4.55%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity67.17 Cr22.15%
ICICI Bank LtdEquity36.95 Cr12.18%
Axis Bank LtdEquity22.38 Cr7.38%
State Bank of IndiaEquity17.14 Cr5.65%
TrepsCash - Repurchase Agreement13.8 Cr4.55%
CreditAccess Grameen Ltd Ordinary SharesEquity9.85 Cr3.25%
Power Finance Corp LtdEquity9.74 Cr3.21%
L&T Finance LtdEquity9.72 Cr3.21%
CSB Bank Ltd Ordinary SharesEquity9.29 Cr3.06%
IndusInd Bank LtdEquity9.12 Cr3.01%
Kotak Mahindra Bank LtdEquity8.94 Cr2.95%
IIFL Finance LtdEquity8.57 Cr2.83%
Piramal Enterprises LtdEquity7.94 Cr2.62%
Five-Star Business Finance LtdEquity7.58 Cr2.50%
DCB Bank LtdEquity7.48 Cr2.47%
Equitas Small Finance Bank Ltd Ordinary SharesEquity7.44 Cr2.45%
The Federal Bank LtdEquity7.18 Cr2.37%
AAVAS Financiers LtdEquity6.59 Cr2.17%
Mahindra & Mahindra Financial Services LtdEquity5.87 Cr1.93%
Cholamandalam Financial Holdings LtdEquity4.08 Cr1.35%
Spandana Sphoorty Financial LtdEquity3.97 Cr1.31%
MAS Financial Services Ltd Ordinary SharesEquity3.96 Cr1.31%
Aadhar Housing Finance LtdEquity3.89 Cr1.28%
Shriram Finance LtdEquity3.64 Cr1.20%
ICICI Securities LtdEquity3.09 Cr1.02%
IDFC First Bank LtdEquity2.81 Cr0.93%
Bank of IndiaEquity2.6 Cr0.86%
Utkarsh Small Finance Bank LtdEquity2.51 Cr0.83%
Net Receivables / (Payables)Cash-0.01 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

57.73%

Mid Cap Stocks

17.98%

Small Cap Stocks

18.46%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services289.48 Cr95.45%

Risk & Performance Ratios

Standard Deviation

This fund

15.87%

Cat. avg.

16.57%

Lower the better

Sharpe Ratio

This fund

0.74

Cat. avg.

0.55

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.98

Higher the better

Fund Managers

JT

Jaiprakash Toshniwal

Since September 2021

Additional Scheme Detailsas of 30th June 2024

ISIN
INF767K01NK6
Expense Ratio
1.05%
Exit Load
1.00%
Fund Size
₹303 Cr
Age
27 Mar 2015
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty Financial Services TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Tata Nifty Private Bank ETF

Very High Risk

0.1%-₹9.45 Cr12.3%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2759.48 Cr61.9%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1477.69 Cr62.0%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2535.06 Cr15.2%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

0.1%-₹1911.12 Cr14.1%
Axis NIFTY Bank ETF

Very High Risk

0.2%-₹274.29 Cr15.2%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.9%1.0%₹7671.24 Cr20.7%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.2%1.0%₹1140.83 Cr22.1%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5932.60 Cr25.0%

About the AMC

Total AUM

₹30,884 Cr

Address

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

Other Funds by LIC Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
LIC MF Large & Mid Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹3000.98 Cr47.7%
LIC MF Aggressive Hybrid Fund Direct Growth

Very High Risk

1.4%1.0%₹543.31 Cr27.3%
LIC MF Medium to Long Duration Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹169.08 Cr7.6%
LIC MF Flexi Cap Fund Direct Growth

Very High Risk

1.4%1.0%₹1185.49 Cr33.5%
LIC MF Gilt Fund Direct Growth

Moderate Risk

0.8%0.0%₹70.31 Cr8.0%
LIC MF Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹1408.33 Cr7.3%
LIC MF Large Cap Fund Direct Growth

Very High Risk

1.0%1.0%₹1514.67 Cr29.1%
LIC MF Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1428.43 Cr7.4%
LIC MF S & P Sensex Index Fund Direct Growth

Very High Risk

0.4%0.0%₹83.43 Cr21.2%
LIC MF Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹315.82 Cr24.7%
LIC MF Infrastructure Fund Direct Growth

Very High Risk

1.4%1.0%₹430.21 Cr81.9%
LIC MF Liquid Plan Direct Growth

Low to Moderate Risk

0.2%0.0%₹11189.69 Cr7.4%
LIC MF ELSS Direct Growth

Very High Risk

1.0%0.0%₹1152.41 Cr33.9%
LIC MF Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹98.59 Cr7.6%
LIC MF Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹253.59 Cr8.1%
LIC MF Balanced Advantage Fund Direct Growth

Moderately High risk

0.6%1.0%₹881.51 Cr16.3%
LIC MF Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%1.0%₹51.13 Cr10.0%
LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

1.1%1.0%₹303.28 Cr16.9%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹25.21 Cr6.8%
LIC MF Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹970.15 Cr6.8%
LIC MF Multi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹1185.49 Cr48.4%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹161.02 Cr7.2%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of LIC MF Banking & Financial Services Fund Direct Growth, as of 19-Jul-2024, is ₹22.36.
The fund has generated 16.93% over the last 1 year and 16.28% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 95.45% in equities, 0.00% in bonds, and 4.55% in cash and cash equivalents.
The fund managers responsible for LIC MF Banking & Financial Services Fund Direct Growth are:-
  1. Jaiprakash Toshniwal