LIC MF Banking & PSU Debt Fund Direct Growth

Fund Overview

Fund Size

₹1,873 Cr

Expense Ratio

0.28%

ISIN

INF767K01GI4

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

LIC MF Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 13 years, 1 months and 8 days, having been launched on 01-Jan-13.
As of 06-Feb-26, it has a Net Asset Value (NAV) of ₹38.71, Assets Under Management (AUM) of 1873.26 Crores, and an expense ratio of 0.28%.

LIC MF Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.42% since inception.
The fund's asset allocation comprises around 0.00% in equities, 80.66% in debts, and 19.05% in cash & cash equivalents.
You can start investing in LIC MF Banking & PSU Debt 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

+7.09%

+6.58% (Cat Avg.)

3 Years

+7.61%

+7.10% (Cat Avg.)

5 Years

+6.18%

+6.17% (Cat Avg.)

10 Years

+7.27%

+8.38% (Cat Avg.)

Since Inception

+7.42%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2026

Debt	₹1,510.99 Cr	80.66%
Others	₹362.27 Cr	19.34%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
National Highways Authority Of India	Bond - Corporate Bond	₹103.54 Cr	5.55%
Canara Bank	Bond - Gov't Agency Debt	₹93.51 Cr	5.01%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹74.48 Cr	3.99%
HDFC Bank Limited	Cash - CD/Time Deposit	₹72.36 Cr	3.88%
7.41% Gs 2036	Bond - Gov't/Treasury	₹68.17 Cr	3.65%
NLc India Limited	Bond - Corporate Bond	₹64.84 Cr	3.47%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹56.49 Cr	3.03%
6.68% Gs 2040	Bond - Gov't/Treasury	₹53.22 Cr	2.85%
National Housing Bank	Bond - Corporate Bond	₹52.93 Cr	2.84%
Rec Limited	Bond - Corporate Bond	₹52.59 Cr	2.82%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹51.74 Cr	2.77%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹51.47 Cr	2.76%
Jio Credit Limited	Bond - Corporate Bond	₹50.62 Cr	2.71%
Jamnagar Utilities & Power Private Limited	Bond - Corporate Bond	₹50.56 Cr	2.71%
Treps	Cash - Repurchase Agreement	₹50.37 Cr	2.70%
Indian Bank	Bond - Gov't Agency Debt	₹49.53 Cr	2.65%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹48.86 Cr	2.62%
Bank Of Baroda	Cash - CD/Time Deposit	₹48.82 Cr	2.62%
Axis Bank Limited	Cash - CD/Time Deposit	₹48.19 Cr	2.58%
Kotak Mahindra Bank Ltd. ** #	Cash - CD/Time Deposit	₹47.82 Cr	2.56%
Small Industries Development Bank of India	Bond - Corporate Bond	₹47.01 Cr	2.52%
HDFC Bank Ltd	Cash - CD/Time Deposit	₹47.01 Cr	2.52%
Kotak Mahindra Bank Ltd.	Bond - Corporate Bond	₹46.94 Cr	2.51%
Bank of Baroda	Bond - Corporate Bond	₹46.91 Cr	2.51%
ICICI Bank Ltd.	Bond - Corporate Bond	₹46.78 Cr	2.51%
6.28% Gs 2032	Bond - Gov't/Treasury	₹39.42 Cr	2.11%
Net Receivables / (Payables)	Cash	₹-35.06 Cr	1.88%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹30.97 Cr	1.66%
National Housing Bank	Bond - Corporate Bond	₹26.68 Cr	1.43%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹26.62 Cr	1.43%
Power Finance Corporation Limited	Bond - Corporate Bond	₹26.42 Cr	1.42%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹26.38 Cr	1.41%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹26.33 Cr	1.41%
Nuclear Power Corporation Of India Limited	Bond - Corporate Bond	₹26.32 Cr	1.41%
Rec Limited	Bond - Corporate Bond	₹25.92 Cr	1.39%
Housing And Urban Development Corporation Limited	Bond - Corporate Bond	₹25.69 Cr	1.38%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.42 Cr	1.36%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.23 Cr	1.35%
6.48% Gs 2035	Bond - Gov't/Treasury	₹25.14 Cr	1.35%
Nuclear Power Corporation Of India Limited	Bond - Corporate Bond	₹15.78 Cr	0.85%
Power Finance Corporation Limited	Bond - Corporate Bond	₹15.53 Cr	0.83%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹15.46 Cr	0.83%
6.76% Gs 2061	Bond - Gov't/Treasury	₹14.15 Cr	0.76%
Export Import Bank Of India	Bond - Corporate Bond	₹10.81 Cr	0.58%
7.26% Gs 2033	Bond - Gov't/Treasury	₹10.65 Cr	0.57%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹10.36 Cr	0.55%
6.90% Gs 2065	Bond - Gov't/Treasury	₹9.56 Cr	0.51%
7.54% Gs 2036	Bond - Gov't/Treasury	₹5.33 Cr	0.29%
SBI CDMDF--A2	Mutual Fund - Open End	₹5.31 Cr	0.28%
7.30% Gs 2053	Bond - Gov't/Treasury	₹5.01 Cr	0.27%
7.10% Gs 2034	Bond - Gov't/Treasury	₹2.61 Cr	0.14%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹1,205.65 Cr	64.59%
Cash - CD/Time Deposit	₹264.19 Cr	14.15%
Bond - Gov't/Treasury	₹233.26 Cr	12.50%
Bond - Gov't Agency Debt	₹143.04 Cr	7.66%
Cash - Repurchase Agreement	₹50.37 Cr	2.70%
Cash	₹-35.06 Cr	1.88%
Mutual Fund - Open End	₹5.31 Cr	0.28%

Risk & Performance Ratios

Fund Managers

Rahul Singh

Since October 2025

Pratik Shroff

Since September 2023

Additional Scheme Detailsas of 31st January 2026

ISIN

INF767K01GI4

Expense Ratio

0.28%

Exit Load

No Charges

Fund Size

₹1,873 Cr

Age

13 years 1 month

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY Banking & PSU Debt 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 Banking & PSU Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bajaj Finserv Banking and PSU Fund Regular Growth Moderate Risk	0.9%	0.0%	₹390.12 Cr	6.4%
Bajaj Finserv Banking and PSU Fund Direct Growth Moderate Risk	0.3%	0.0%	₹390.12 Cr	7.0%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.2%	0.0%	₹4360.45 Cr	7.2%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1873.26 Cr	7.1%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13573.62 Cr	7.1%
Invesco India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹170.63 Cr	6.4%
DSP Banking & PSU Debt Fund Regular Growth Low Risk	0.6%	0.0%	₹3948.37 Cr	5.9%
DSP Banking & PSU Debt Fund Direct Growth Low Risk	0.3%	0.0%	₹3948.37 Cr	6.2%
Edelweiss Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹484.94 Cr	6.7%
Edelweiss Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹484.94 Cr	6.3%
Kotak Banking & PSU Debt Direct Growth Low to Moderate Risk	0.4%	0.0%	₹5608.26 Cr	7.3%
Nippon India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5447.40 Cr	6.8%
Nippon India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹5447.40 Cr	6.4%
TrustMF Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹131.79 Cr	6.6%
TrustMF Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹131.79 Cr	7.1%
UTI Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹1014.91 Cr	7.2%
UTI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1014.91 Cr	7.4%
ICICI Prudential Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹9727.95 Cr	7.3%
HDFC Banking and PSU Debt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹5718.88 Cr	6.6%
HDFC Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5718.88 Cr	7.0%
Axis Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹13573.62 Cr	6.8%
LIC MF Banking & PSU Debt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹1873.26 Cr	6.6%
Baroda BNP Paribas Banking and PSU Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹26.92 Cr	8.2%
Baroda BNP Paribas Banking and PSU Bond Fund Regular Growth Moderate Risk	0.8%	0.0%	₹26.92 Cr	7.8%
ITI Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹37.34 Cr	6.3%
ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹37.34 Cr	6.9%
Aditya BSL Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹9064.11 Cr	6.8%
Invesco India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹170.63 Cr	6.8%
Sundaram Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹376.88 Cr	6.9%
SBI Banking and PSU Fund Regular Growth Moderate Risk	0.8%	0.0%	₹4127.33 Cr	6.7%
SBI Banking and PSU Fund Direct Growth Moderate Risk	0.4%	0.0%	₹4127.33 Cr	7.1%
HSBC Banking & PSU Debt Regular Growth Moderate Risk	0.6%	0.0%	₹4360.45 Cr	6.8%
Kotak Banking & PSU Debt Regular Growth Low to Moderate Risk	0.8%	0.0%	₹5608.26 Cr	7.0%
Mirae Asset Banking and PSU Debt Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹44.77 Cr	6.1%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹44.77 Cr	6.6%
Aditya BSL Banking & PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹9064.11 Cr	6.5%
Sundaram Banking & PSU Debt Fund Regular Growth Moderate Risk	0.4%	0.0%	₹376.88 Cr	6.7%
ICICI Prudential Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹9727.95 Cr	6.9%
Tata Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹207.53 Cr	6.5%
Tata Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹207.53 Cr	7.0%
Canara Robeco Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹196.54 Cr	6.2%
Canara Robeco Banking and PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹196.54 Cr	5.9%
PGIM India Banking and PSU Debt fund Regular Growth Moderate Risk	0.4%	0.0%	₹45.38 Cr	6.6%
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.2%	0.0%	₹484.74 Cr	7.8%
Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹484.74 Cr	7.4%
Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹12650.77 Cr	6.5%
Bandhan Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹12650.77 Cr	6.8%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹46,280 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 Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹527.27 Cr	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	0.5%	1.0%	₹904.43 Cr	-
LIC MF Manufacturing Fund Direct Growth Very High Risk	0.7%	1.0%	₹749.76 Cr	13.1%
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2992.97 Cr	7.0%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹534.47 Cr	8.2%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹199.40 Cr	6.0%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹1765.96 Cr	5.5%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹56.96 Cr	1.6%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1873.26 Cr	7.1%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1433.80 Cr	7.4%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1938.34 Cr	7.2%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹90.87 Cr	7.6%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹358.74 Cr	9.6%
LIC MF Infrastructure Fund Direct Growth Very High Risk	0.8%	1.0%	₹946.24 Cr	11.8%
LIC MF Liquid Plan Direct Growth Moderate Risk	0.1%	0.0%	₹12352.47 Cr	6.4%
LIC MF ELSS Direct Growth Very High Risk	1.0%	0.0%	₹1053.61 Cr	3.7%
LIC MF Gold ETF FOF Direct Growth High Risk	0.3%	1.0%	₹623.38 Cr	73.2%
LIC MF Equity Savings Fund Direct Growth Moderately High risk	1.2%	1.0%	₹36.23 Cr	6.2%
LIC MF Nifty Next 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹99.93 Cr	9.3%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹264.03 Cr	7.4%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹281.47 Cr	6.8%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹718.69 Cr	5.2%
LIC MF Focused 30 Equity Direct Growth Very High Risk	1.6%	1.0%	₹172.37 Cr	0.2%
LIC MF Long Term Value Fund Direct Growth Very High Risk	1.4%	1.0%	₹199.33 Cr	3.5%
LIC MF Healthcare Fund Direct Growth Very High Risk	1.2%	1.0%	₹83.12 Cr	-3.9%
LIC MF Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹619.16 Cr	-5.2%
LIC MF Conservative Hybrid Fund Direct Growth Moderately High risk	1.4%	1.0%	₹49.19 Cr	5.2%
LIC MF Midcap Fund Direct Growth Very High Risk	1.4%	1.0%	₹345.56 Cr	4.7%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.2%	1.0%	₹278.17 Cr	20.7%
LIC MF Money Market Fund Direct Growth Moderate Risk	0.2%	0.0%	₹4006.23 Cr	7.0%
LIC MF Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹712.15 Cr	5.7%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1828.32 Cr	8.0%
LIC MF Dividend Yield Fund Direct Growth Very High Risk	0.7%	1.0%	₹688.69 Cr	8.5%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹220.41 Cr	6.8%

Risk Level

Your principal amount will be at Moderate Risk

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What is the current NAV of LIC MF Banking & PSU Debt Fund Direct Growth?

The NAV of LIC MF Banking & PSU Debt Fund Direct Growth, as of 06-Feb-2026, is ₹38.71.

What are the returns of LIC MF Banking & PSU Debt Fund Direct Growth?

The fund has generated 7.09% over the last 1 year and 7.61% 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 & PSU Debt Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 80.66% in bonds, and 19.05% in cash and cash equivalents.

Who manages the LIC MF Banking & PSU Debt Fund Direct Growth?

The fund managers responsible for LIC MF Banking & PSU Debt Fund Direct Growth are:-

Rahul Singh
Pratik Shroff

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 & PSU Debt Fund Direct Growth

Fund Overview