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LIC MF Banking & Financial Services Fund Direct Dividend+1.01%

-3.23%
1 Year Return
Equity
Sectoral/Thematic
1.0star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Banking & Financial Services Fund Direct Dividend

RiskHigh
Min SIP Amount₹1000
Expense Ratio1.51%
NAV12.16 (27 Nov 2020)
Fund Started27 Mar 2015
Fund Size50 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
-3.2%
-2.7%
6.2%
3.5%
Category Average
-9.3%
0.5%
7.7%
-
Rank Within Category
8
11
10
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with -3.2% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the category average returns
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Higher expense ratio - 1.52%
    4. 3Y Returns are lower than the category average returns
    5. 5Y Returns are lower than the category average returns

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity27.3%
    ICICI Bank Ltd.FinancialEquity13.5%
    Kotak Mahindra Bank Ltd.FinancialEquity11.5%
    Housing Development Finance Corpn. Ltd.FinancialEquity8.1%
    Axis Bank Ltd.FinancialEquity7.4%
    City Union Bank Ltd.FinancialEquity5.7%
    State Bank of IndiaFinancialEquity4.5%
    Federal Bank Ltd.FinancialEquity3.5%
    ICICI Lombard General Insurance Company Ltd.FinancialEquity3.0%
    DCB Bank Ltd.FinancialEquity2.7%
    See All

    Fund Managers

    Yogesh Patil
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    LIC MF Banking & Financial Services Fund Direct Dividend Details

    LIC MF Banking & Financial Services Fund Direct Dividend is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 27 Mar 2015. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Banking & Financial Services Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹50 Cr and the Latest NAV as of 27 Nov 2020 is ₹12.16.

    The LIC MF Banking & Financial Services Fund Direct Dividend is rated High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.

    Investment Objective

    The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.

    Tax Implications

    Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹500
    Min for Second Investment
    For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.
    Exit Load

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    About LIC Mutual Fund

    Address
    4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
    Phone
    022-66016000
    Launch Date
    20 Apr 1994
    Website
    NA
    LIC Mutual Fund
    Asset Management Company
    Custodian
    Standard Chartered Bank
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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