LIC MF Banking & PSU Debt Fund Direct Growth
DebtBanking & PSUModerate Risk
Direct
NAV (25-Jul-24)
₹34.580.08%1D
Returns (Since Inception)
7.39%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,408 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 11 years, 6 months and 25 days, having been launched on 01-Jan-13.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹34.58, Assets Under Management (AUM) of 1408.33 Crores, and an expense ratio of 0.28%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹34.58, Assets Under Management (AUM) of 1408.33 Crores, and an expense ratio of 0.28%.
- LIC MF Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.39% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 93.74% in debts, and 6.01% 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
+7.44%
+6.00% (Cat Avg.)
3 Years
+5.62%
+4.98% (Cat Avg.)
5 Years
+6.25%
+5.84% (Cat Avg.)
10 Years
+7.18%
+6.22% (Cat Avg.)
Since Inception
+7.39%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Debt | ₹1,320.15 Cr | 93.74% |
| Others | ₹88.18 Cr | 6.26% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹87.01 Cr | 6.18% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹63.25 Cr | 4.49% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹57.59 Cr | 4.09% |
| Bank Of Baroda | Bond - Corporate Bond | ₹53.03 Cr | 3.77% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹51.64 Cr | 3.67% |
| Export-Import Bank of India 7.45% | Bond - Gov't Agency Debt | ₹51.34 Cr | 3.65% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹51.29 Cr | 3.64% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹51.26 Cr | 3.64% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹50.62 Cr | 3.59% |
| Ntpc Limited | Bond - Corporate Bond | ₹50.58 Cr | 3.59% |
| National Housing Bank | Bond - Corporate Bond | ₹50.32 Cr | 3.57% |
| National Housing Bank | Bond - Corporate Bond | ₹49.84 Cr | 3.54% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹49.78 Cr | 3.53% |
| Ntpc Limited | Bond - Corporate Bond | ₹30.38 Cr | 2.16% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹27.14 Cr | 1.93% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹26.72 Cr | 1.90% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹26.55 Cr | 1.89% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹26.54 Cr | 1.88% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹26.32 Cr | 1.87% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹26.19 Cr | 1.86% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹26.18 Cr | 1.86% |
| 07.72 MH Sgs 2031 | Bond - Gov't/Treasury | ₹26.11 Cr | 1.85% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.99 Cr | 1.85% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹25.9 Cr | 1.84% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.9 Cr | 1.84% |
| 07.47 MH Sdl 2034 | Bond - Gov't/Treasury | ₹25.83 Cr | 1.83% |
| Rec Limited | Bond - Corporate Bond | ₹25.47 Cr | 1.81% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.31 Cr | 1.80% |
| Rec Limited | Bond - Corporate Bond | ₹25.27 Cr | 1.79% |
| National Bank for Agriculture and Rural Development 7.62% | Bond - Gov't Agency Debt | ₹25.23 Cr | 1.79% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹25.07 Cr | 1.78% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹24.43 Cr | 1.73% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹24.17 Cr | 1.72% |
| 07.70 MH Sgs 2033 | Bond - Gov't/Treasury | ₹20.93 Cr | 1.49% |
| Treps | Cash - Repurchase Agreement | ₹18.45 Cr | 1.31% |
| State Bank Of India | Bond - Corporate Bond | ₹16.02 Cr | 1.14% |
| 07.71 GJ Sgs 2034 | Bond - Gov't/Treasury | ₹15.75 Cr | 1.12% |
| 07.71 MH Sdl 2033 | Bond - Gov't/Treasury | ₹15.53 Cr | 1.10% |
| 07.72 MH Sdl 2034 | Bond - Gov't/Treasury | ₹15.52 Cr | 1.10% |
| GAil (India) Limited | Bond - Corporate Bond | ₹15.5 Cr | 1.10% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10.5 Cr | 0.75% |
| 07.73 MH Sdl 2034 | Bond - Gov't/Treasury | ₹10.48 Cr | 0.74% |
| Maharashtra (Government of) 7.42% | Bond - Sub-sovereign Government Debt | ₹10.27 Cr | 0.73% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.23 Cr | 0.37% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5 Cr | 0.36% |
| Net Receivables / (Payables) | Cash | ₹3.86 Cr | 0.27% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹3.65 Cr | 0.26% |
| SBI CDMDF--A2 | Mutual Fund - Open End | ₹3.41 Cr | 0.24% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹1,050.54 Cr | 74.60% |
| Bond - Gov't/Treasury | ₹220.8 Cr | 15.68% |
| Bond - Gov't Agency Debt | ₹76.57 Cr | 5.44% |
| Cash - CD/Time Deposit | ₹24.43 Cr | 1.73% |
| Cash - Repurchase Agreement | ₹18.45 Cr | 1.31% |
| Bond - Sub-sovereign Government Debt | ₹10.27 Cr | 0.73% |
| Cash | ₹3.86 Cr | 0.27% |
| Mutual Fund - Open End | ₹3.41 Cr | 0.24% |
Risk & Performance Ratios
Standard Deviation
This fund
1.00%
Cat. avg.
1.50%
Lower the better
Sharpe Ratio
This fund
-0.20
Cat. avg.
-0.64
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.55
Higher the better
Fund Managers
Marzban Irani
Since August 2016
PS
Pratik Shroff
Since September 2023
Additional Scheme Detailsas of 30th June 2024
ISIN | INF767K01GI4 | Expense Ratio | 0.28% | Exit Load | No Charges | Fund Size | ₹1,408 Cr | Age | 01 Jan 2013 | 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
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
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 Banking & PSU Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bandhan Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹14109.10 Cr | 7.2% |
| Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹14109.10 Cr | 6.9% |
| Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹620.60 Cr | 7.0% |
| Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹620.60 Cr | 7.4% |
| PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹45.38 Cr | 6.8% |
| PGIM India Banking and PSU Debt fund Regular Growth Moderate Risk | 0.4% | 0.0% | ₹45.38 Cr | 6.6% |
| Canara Robeco Banking and PSU Debt Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹346.42 Cr | 6.8% |
| Canara Robeco Banking and PSU Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹346.42 Cr | 7.1% |
| Tata Banking & PSU Debt Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹207.53 Cr | 7.0% |
| Tata Banking & PSU Debt Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹207.53 Cr | 6.5% |
About the AMC
Total AUM
₹30,884 Cr
Address
4th Floor, Industrial Assurance Building, Mumbai, 400 020
Other Funds by LIC Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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We're here to help.
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 25-Jul-2024, is ₹34.58.
What are the returns of LIC MF Banking & PSU Debt Fund Direct Growth?
The fund has generated 7.44% over the last 1 year and 5.62% 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, 93.74% in bonds, and 6.01% 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:-
- Marzban Irani
- 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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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.