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LIC MF Banking & Financial Services Fund Direct IDCW

Equity
Sectoral / Thematic
Very High Risk
Payout
12.31%
3Y annualised
+0.48% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 Jan 2022₹14.90
Min. SIP amount₹1,000
Rating1
Fund size₹55.55Cr

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns21.4%12.3%7.7%6.1%
Category average56.1%9.1%12.0%NA
Rank with in category101111NA
Understand terms

Holdings (17)

NameSectorInstrumentAssets
FinancialEquity21.9%
FinancialEquity17.4%
FinancialEquity9.3%
FinancialEquity9.2%
FinancialEquity8.1%
FinancialEquity6.7%
FinancialEquity4.7%
FinancialEquity4.7%
FinancialEquity2.7%
FinancialEquity2.4%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

3Y annualised returns higher than category average by 2.97%
Lower expense ratio: 1.48%

Cons

Lower AUM: 55Cr. Funds with lower AUM tend to have higher expense ratio
1Y and 5Y annualised returns lower than category average
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 1.48%

Inclusive of GST

Exit load

For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.

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

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