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Fund Overview

Fund Size

Fund Size

₹290 Cr

Expense Ratio

Expense Ratio

0.48%

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 and 19 days, having been launched on 27-Mar-15.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹20.73, Assets Under Management (AUM) of 289.55 Crores, and an expense ratio of 0.48%.
  • LIC MF Banking & Financial Services Fund Direct Growth has given a CAGR return of 8.40% since inception.
  • The fund's asset allocation comprises around 94.79% in equities, 0.00% in debts, and 5.21% 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

+25.55%

+26.72%(Cat. Avg.)

3 Years

+18.83%

+20.31%(Cat. Avg.)

5 Years

+12.50%

+12.63%(Cat. Avg.)

Since Inception

+8.40%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity274.47 Cr94.79%
Others15.08 Cr5.21%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity62.5 Cr21.58%
ICICI Bank LtdEquity36.98 Cr12.77%
TrepsCash - Repurchase Agreement19.37 Cr6.69%
Axis Bank LtdEquity18.79 Cr6.49%
State Bank of IndiaEquity17.05 Cr5.89%
The Federal Bank LtdEquity12.5 Cr4.32%
CreditAccess Grameen Ltd Ordinary SharesEquity10.59 Cr3.66%
DCB Bank LtdEquity9.31 Cr3.22%
Piramal Enterprises LtdEquity9.1 Cr3.14%
Kotak Mahindra Bank LtdEquity8.86 Cr3.06%
CSB Bank Ltd Ordinary SharesEquity8.71 Cr3.01%
L&T Finance Holdings LtdEquity8.19 Cr2.83%
Power Finance Corp LtdEquity7.68 Cr2.65%
Five-Star Business Finance LtdEquity7.58 Cr2.62%
Equitas Small Finance Bank Ltd Ordinary SharesEquity6.79 Cr2.35%
AAVAS Financiers LtdEquity6.71 Cr2.32%
IndusInd Bank LtdEquity5.71 Cr1.97%
IIFL Finance LtdEquity5.07 Cr1.75%
Karur Vysya Bank LtdEquity4.64 Cr1.60%
Net Receivables / (Payables)Cash-4.29 Cr1.48%
Spandana Sphoorty Financial LtdEquity4.27 Cr1.47%
Mahindra & Mahindra Financial Services LtdEquity3.87 Cr1.34%
MAS Financial Services Ltd Ordinary SharesEquity3.83 Cr1.32%
Max Financial Services LtdEquity3.3 Cr1.14%
ICICI Securities LtdEquity2.97 Cr1.02%
City Union Bank LtdEquity2.93 Cr1.01%
Nippon Life India Asset Management Ltd Ordinary SharesEquity2.71 Cr0.94%
Utkarsh Small Finance Bank LtdEquity2.3 Cr0.79%
Bajaj Holdings and Investment LtdEquity1.24 Cr0.43%
Cholamandalam Financial Holdings LtdEquity0.31 Cr0.11%

Allocation By Market Cap (Equity)

Large Cap Stocks

52.19%

Mid Cap Stocks

17.17%

Small Cap Stocks

25.43%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services274.47 Cr94.79%

Risk & Performance Ratios

Standard Deviation

This fund

15.52%

Cat. avg.

17.06%

Lower the better

Sharpe Ratio

This fund

0.63

Cat. avg.

0.60

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.10

Higher the better

Fund Managers

JT

Jaiprakash Toshniwal

Since September 2021

Additional Scheme Detailsas of 31st March 2024

ISININF767K01NK6Expense Ratio0.48%Exit Load1.00%Fund Size₹290 CrAge27 Mar 2015Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 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%-₹8.33 Cr16.0%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2653.66 Cr92.2%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1427.63 Cr92.3%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2310.71 Cr17.6%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

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

Very High Risk

0.2%-₹192.06 Cr17.6%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.8%1.0%₹7489.91 Cr25.1%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.3%1.0%₹1031.88 Cr28.0%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5307.29 Cr34.2%

About the AMC

Total AUM

₹30,305 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

0.5%1.0%₹2551.04 Cr41.6%
LIC MF Aggressive Hybrid Fund Direct Growth

Very High Risk

1.4%1.0%₹507.21 Cr28.5%
LIC MF Medium to Long Duration Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹185.31 Cr7.6%
LIC MF Flexi Cap Fund Direct Growth

Very High Risk

1.3%1.0%₹942.29 Cr35.9%
LIC MF Gilt Fund Direct Growth

Moderate Risk

0.8%0.0%₹47.00 Cr7.1%
LIC MF Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹1351.81 Cr7.1%
LIC MF Large Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹1395.24 Cr27.2%
LIC MF Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1256.78 Cr7.3%
LIC MF S & P Sensex Index Fund Direct Growth

Very High Risk

0.4%0.0%₹78.25 Cr24.1%
LIC MF Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹295.61 Cr27.3%
LIC MF Infrastructure Fund Direct Growth

Very High Risk

1.2%1.0%₹225.40 Cr67.4%
LIC MF Liquid Plan Direct Growth

Low to Moderate Risk

0.2%0.0%₹8304.96 Cr7.3%
LIC MF ELSS Direct Growth

Very High Risk

0.6%0.0%₹1021.77 Cr33.5%
LIC MF Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹134.78 Cr7.3%
LIC MF Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹143.11 Cr7.9%
LIC MF Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹891.44 Cr17.5%
LIC MF Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%1.0%₹52.16 Cr8.3%
LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

0.5%1.0%₹289.55 Cr25.6%
LIC MF Money Market Fund Direct Growth

Low Risk

0.2%0.0%₹27.17 Cr6.9%
LIC MF Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹596.62 Cr6.8%
LIC MF Multi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹902.06 Cr42.6%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹268.35 Cr6.8%

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 12-Apr-2024, is ₹20.73.
The fund has generated 25.55% over the last 1 year and 18.83% 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 94.79% in equities, 0.00% in bonds, and 5.21% in cash and cash equivalents.
The fund managers responsible for LIC MF Banking & Financial Services Fund Direct Growth are:-
  1. Jaiprakash Toshniwal