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Fund Overview

Fund Size

Fund Size

₹1,363 Cr

Expense Ratio

Expense Ratio

0.28%

ISIN

ISIN

INF767K01GI4

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

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, 3 months and 18 days, having been launched on 01-Jan-13.
As of 18-Apr-24, it has a Net Asset Value (NAV) of ₹33.81, Assets Under Management (AUM) of 1362.71 Crores, and an expense ratio of 0.28%.
  • LIC MF Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.36% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 86.98% in debts, and 12.77% 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

+7.15%

+6.02%(Cat. Avg.)

3 Years

+5.30%

+4.75%(Cat. Avg.)

5 Years

+6.55%

+6.00%(Cat. Avg.)

10 Years

+7.19%

+6.23%(Cat. Avg.)

Since Inception

+7.36%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Debt1,185.35 Cr86.98%
Others177.36 Cr13.02%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Rec LimitedBond - Corporate Bond74.87 Cr5.49%
Small Industries Development Bank Of IndiaBond - Corporate Bond62.11 Cr4.56%
Ntpc LimitedBond - Corporate Bond53.44 Cr3.92%
Indian Railway Finance Corporation LimitedBond - Corporate Bond52.79 Cr3.87%
State Bank Of IndiaBond - Corporate Bond52.26 Cr3.83%
Bank Of BarodaBond - Corporate Bond52.1 Cr3.82%
Power Grid Corporation Of India LimitedBond - Corporate Bond50.79 Cr3.73%
Export-Import Bank of India 7.45%Bond - Gov't Agency Debt50.47 Cr3.70%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond50.32 Cr3.69%
Bajaj Finance LimitedBond - Corporate Bond50.3 Cr3.69%
HDFC Bank LimitedCash - CD/Time Deposit49.25 Cr3.61%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit47.96 Cr3.52%
ICICI Bank LimitedCash - CD/Time Deposit47.93 Cr3.52%
7.18% Govt Stock 2033Bond - Gov't/Treasury42.24 Cr3.10%
Ntpc LimitedBond - Corporate Bond29.84 Cr2.19%
Power Finance Corporation Ltd.Bond - Corporate Bond26.74 Cr1.96%
Indian Railway Finance Corporation LimitedBond - Corporate Bond26.73 Cr1.96%
HDFC Bank LimitedBond - Corporate Bond26.6 Cr1.95%
07.76 MH Sgs 2030Bond - Gov't/Treasury26.44 Cr1.94%
Rural Electrification Corporation LimitedBond - Corporate Bond26.11 Cr1.92%
Hindustan Petroleum Corporation LimitedBond - Corporate Bond26.11 Cr1.92%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond26.07 Cr1.91%
Small Industries Development Bank Of IndiaBond - Corporate Bond26.05 Cr1.91%
Small Industries Development Bank Of IndiaBond - Corporate Bond25.84 Cr1.90%
Indian Railway Finance Corporation LimitedBond - Corporate Bond25.8 Cr1.89%
Power Finance Corporation Ltd.Bond - Corporate Bond25.73 Cr1.89%
07.72 MH Sgs 2031Bond - Gov't/Treasury25.63 Cr1.88%
Power Finance Corporation Ltd.Bond - Corporate Bond25.57 Cr1.88%
Indian Railway Finance Corporation LimitedBond - Corporate Bond25.51 Cr1.87%
Power Finance Corporation LimitedBond - Corporate Bond25.48 Cr1.87%
7.26% Govt Stock 2032Bond - Gov't/Treasury25.47 Cr1.87%
07.47 MH Sdl 2034Bond - Gov't/Treasury25.29 Cr1.86%
TrepsCash - Repurchase Agreement22.95 Cr1.68%
07.70 MH Sgs 2033Bond - Gov't/Treasury20.5 Cr1.50%
07.71 MH Sdl 2033Bond - Gov't/Treasury15.78 Cr1.16%
07.72 MH Sdl 2034Bond - Gov't/Treasury15.77 Cr1.16%
07.71 GJ Sgs 2034Bond - Gov't/Treasury15.41 Cr1.13%
GAil (India) LimitedBond - Corporate Bond15.22 Cr1.12%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond10.31 Cr0.76%
07.73 MH Sdl 2034Bond - Gov't/Treasury10.26 Cr0.75%
Maharashtra (Government of) 7.42%Bond - Sub-sovereign Government Debt10.06 Cr0.74%
Small Industries Development Bank Of IndiaBond - Corporate Bond5.26 Cr0.39%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit4.98 Cr0.37%
7.26% Govt Stock 2033Bond - Gov't/Treasury3.58 Cr0.26%
SBI CDMDF--A2Mutual Fund - Open End3.37 Cr0.25%
ICICI Bank LimitedCash - CD/Time Deposit1.97 Cr0.14%
Net Receivables / (Payables)Cash-1.04 Cr0.08%
5.63% Govt Stock 2026Bond - Gov't/Treasury0.5 Cr0.04%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond897.96 Cr65.89%
Bond - Gov't/Treasury226.86 Cr16.65%
Cash - CD/Time Deposit152.08 Cr11.16%
Bond - Gov't Agency Debt50.47 Cr3.70%
Cash - Repurchase Agreement22.95 Cr1.68%
Bond - Sub-sovereign Government Debt10.06 Cr0.74%
Mutual Fund - Open End3.37 Cr0.25%
Cash-1.04 Cr0.08%

Risk & Performance Ratios

Standard Deviation

This fund

0.99%

Cat. avg.

1.48%

Lower the better

Sharpe Ratio

This fund

-0.13

Cat. avg.

-0.35

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.22

Higher the better

Fund Managers

Marzban Irani

Marzban Irani

Since August 2016

PS

Pratik Shroff

Since September 2023

Additional Scheme Detailsas of 31st March 2024

ISININF767K01GI4Expense Ratio0.28%Exit LoadNo ChargesFund Size₹1,363 CrAge01 Jan 2013Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY Banking & PSU Debt 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 (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 nameExpense RatioExit LoadFund size
1Y
Bandhan Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹14384.47 Cr6.8%
Bandhan Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.6%0.0%₹14384.47 Cr6.5%
Franklin India Banking & PSU Debt Fund Regular Growth

Low to Moderate Risk

0.6%0.0%₹633.12 Cr6.8%
Franklin India Banking & PSU Debt Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹633.12 Cr7.2%
PGIM India Banking and PSU Debt fund Direct Growth

Moderate Risk

0.2%0.0%₹45.38 Cr6.8%
PGIM India Banking and PSU Debt fund Regular Growth

Moderate Risk

0.4%0.0%₹45.38 Cr6.6%
Canara Robeco Banking and PSU Debt Fund Regular Growth

Moderate Risk

0.7%0.0%₹402.51 Cr6.4%
Canara Robeco Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹402.51 Cr6.7%
Tata Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹217.04 Cr7.0%
Tata Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.7%0.0%₹217.04 Cr6.5%

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 Cr39.7%
LIC MF Aggressive Hybrid Fund Direct Growth

Very High Risk

1.4%1.0%₹502.96 Cr27.2%
LIC MF Medium to Long Duration Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹169.94 Cr7.8%
LIC MF Flexi Cap Fund Direct Growth

Very High Risk

1.3%1.0%₹942.29 Cr34.2%
LIC MF Gilt Fund Direct Growth

Moderate Risk

0.8%0.0%₹47.00 Cr7.2%
LIC MF Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹1362.71 Cr7.1%
LIC MF Large Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹1395.24 Cr25.3%
LIC MF Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1253.20 Cr7.4%
LIC MF S & P Sensex Index Fund Direct Growth

Very High Risk

0.4%0.0%₹78.25 Cr22.5%
LIC MF Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹295.61 Cr25.4%
LIC MF Infrastructure Fund Direct Growth

Very High Risk

1.2%1.0%₹225.40 Cr68.3%
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 Cr31.0%
LIC MF Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹84.58 Cr7.2%
LIC MF Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹143.11 Cr8.0%
LIC MF Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹891.44 Cr16.9%
LIC MF Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%1.0%₹51.50 Cr8.4%
LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

0.5%1.0%₹289.55 Cr21.3%
LIC MF Money Market Fund Direct Growth

Low Risk

0.2%0.0%₹21.45 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%₹928.26 Cr40.3%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹239.16 Cr6.8%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk
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The NAV of LIC MF Banking & PSU Debt Fund Direct Growth, as of 18-Apr-2024, is ₹33.81.
The fund has generated 7.15% over the last 1 year and 5.30% 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 0.00% in equities, 86.98% in bonds, and 12.77% in cash and cash equivalents.
The fund managers responsible for LIC MF Banking & PSU Debt Fund Direct Growth are:-
  1. Marzban Irani
  2. Pratik Shroff