LIC MF Banking & Financial Services Fund Direct IDCW

Equity
Sectoral / Thematic
Very High Risk
Payout
26.38%
3Y annualised
+0.14% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Jun 2023₹17.67
Min. SIP amount₹1,000
Rating2
Fund size₹140.89Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns27.4%26.4%9.7%7.3%
Category average25.4%31.7%9.3%NA
Rank with in category1109NA
Understand terms

Holdings (19)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity15.8%
HDFC Bank Ltd.FinancialEquity10.9%
State Bank of IndiaFinancialEquity9.9%
Axis Bank Ltd.FinancialEquity9.3%
Housing Development Finance Corporation Ltd.FinancialEquity8.8%
The Federal Bank Ltd.FinancialEquity4.4%
CreditAccess Grameen Ltd.FinancialEquity4.4%
Karur Vysya Bank Ltd.FinancialEquity4.1%
Cholamandalam Financial Holdings Ltd.FinancialEquity4.0%
DCB Bank Ltd.FinancialEquity3.7%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

1Y category rank: 1
3Y annualised returns lower than category average by 4.27%
1Y and 5Y annualised returns higher than category average
Higher expense ratio: 1.54%
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 1.54%

Inclusive of GST

Exit load

Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance Building4th Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016000 / 1800-258-5678
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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