Fund Details
LIC MF Banking & Financial Services Fund Direct Dividend
| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.51% |
| NAV | ₹12.16 (27 Nov 2020) |
|---|---|
| Fund Started | 27 Mar 2015 |
| Fund Size | ₹50 Cr |
Returns
as per Historical Returns
Comparison
1. 1Y Returns are higher than the category average returns
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
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 27.3% |
| ICICI Bank Ltd. | Financial | Equity | 13.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 11.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 8.1% |
| Axis Bank Ltd. | Financial | Equity | 7.4% |
| City Union Bank Ltd. | Financial | Equity | 5.7% |
| State Bank of India | Financial | Equity | 4.5% |
| Federal Bank Ltd. | Financial | Equity | 3.5% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 3.0% |
| DCB Bank Ltd. | Financial | Equity | 2.7% |
Fund Managers
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.
