LIC MF Banking & Financial Services Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

Home>Mutual Funds>LIC Mutual Fund>LIC MF Banking & Financial Services Fund Direct IDCW

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
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: 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
HDFC Bank Ltd.
FinancialEquity21.9%
ICICI Bank Ltd.
FinancialEquity17.4%
Axis Bank Ltd.
FinancialEquity9.3%
State Bank of India
FinancialEquity9.2%
Housing Development Finance Corpn. Ltd.
FinancialEquity8.1%
Kotak Mahindra Bank Ltd.
FinancialEquity6.7%
The Federal Bank Ltd.
FinancialEquity4.7%
City Union Bank Ltd.
FinancialEquity4.7%
Karur Vysya Bank Ltd.
FinancialEquity2.7%
SBI Life Insurance Company Ltd.
FinancialEquity2.4%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
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
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2021 - Present
1.48%
30 Nov 2021 - 31 Dec 2021
1.48%
31 Oct 2021 - 30 Nov 2021
1.49%
30 Sep 2021 - 31 Oct 2021
1.49%
31 Aug 2021 - 30 Sep 2021
1.49%
31 Jul 2021 - 31 Aug 2021
1.49%
30 Jun 2021 - 31 Jul 2021
1.49%
31 May 2021 - 30 Jun 2021
1.49%
30 Apr 2021 - 31 May 2021
1.49%
31 Mar 2021 - 30 Apr 2021
1.49%
28 Feb 2021 - 31 Mar 2021
1.49%
31 Jan 2021 - 28 Feb 2021
1.50%
31 Dec 2020 - 31 Jan 2021
1.50%
30 Nov 2020 - 31 Dec 2020
1.51%
31 Oct 2020 - 30 Nov 2020
1.51%
30 Sep 2020 - 31 Oct 2020
1.52%
31 Aug 2020 - 30 Sep 2020
1.52%
31 Jul 2020 - 31 Aug 2020
1.52%
30 Jun 2020 - 31 Jul 2020
1.52%
31 May 2020 - 30 Jun 2020
1.51%
30 Apr 2020 - 31 May 2020
1.51%
31 Mar 2020 - 30 Apr 2020
1.48%
29 Feb 2020 - 31 Mar 2020
1.48%
31 Jan 2020 - 29 Feb 2020
1.49%
31 Dec 2019 - 31 Jan 2020
1.49%
30 Nov 2019 - 31 Dec 2019
1.49%
31 Oct 2019 - 30 Nov 2019
1.49%
30 Sep 2019 - 31 Oct 2019
1.49%
31 Aug 2019 - 30 Sep 2019
1.49%
31 Jul 2019 - 31 Aug 2019
1.49%
30 Jun 2019 - 31 Jul 2019
1.49%
31 May 2019 - 30 Jun 2019
1.49%
30 Apr 2019 - 31 May 2019
1.49%
31 Mar 2019 - 30 Apr 2019
1.58%
28 Feb 2019 - 31 Mar 2019
1.78%
31 Jan 2019 - 28 Feb 2019
1.80%
31 Dec 2018 - 31 Jan 2019
1.79%
30 Nov 2018 - 31 Dec 2018
1.83%
31 Oct 2018 - 30 Nov 2018
1.83%
30 Sep 2018 - 31 Oct 2018
1.83%
31 Aug 2018 - 30 Sep 2018
1.83%
31 Jul 2018 - 31 Aug 2018
1.84%
30 Jun 2018 - 31 Jul 2018
1.84%
31 May 2018 - 30 Jun 2018
1.24%
30 Apr 2018 - 31 May 2018
1.24%
31 Mar 2018 - 30 Apr 2018
1.23%
28 Feb 2018 - 31 Mar 2018
1.23%
31 Jan 2018 - 28 Feb 2018
1.23%
31 Dec 2017 - 31 Jan 2018
1.23%
30 Nov 2017 - 31 Dec 2017
1.23%
31 Oct 2017 - 30 Nov 2017
1.23%
Expense ratio, exit load and taxExpense ratio: 1.48%Inclusive of GST
Exit loadFor units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementJaiprakash Toshniwal
Sep 2021 - Present
View details
Education
Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University.
Experience
Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with
India First Life Insurance and Taurus Mutual Fund.
Also manages these schemes
LIC MF Index Sensex Fund IDCW
LIC MF Index Sensex Fund Growth
LIC MF Index Nifty Fund IDCW
LIC MF Index Nifty Fund Growth
LIC MF Index Nifty Fund Direct Growth
LIC MF Index Sensex Fund Direct Growth
LIC MF Index Nifty Fund Direct IDCW
LIC MF Index Sensex Fund Direct IDCW
LIC MF Banking & Financial Services Fund Direct IDCW
LIC MF Banking & Financial Services Fund Regular IDCW
LIC MF Banking & Financial Services Fund Regular Growth
LIC MF Banking & Financial Services Fund Direct Growth
LIC MF Exchange Traded Fund Nifty 50 IDCW
LIC MF Exchange Traded Fund Sensex Growth
LIC MF Exchange Traded Fund Nifty 100 Growth
LIC MF Arbitrage Fund Regular Growth
LIC MF Arbitrage Fund Regular IDCW Monthly
LIC MF Arbitrage Fund Direct IDCW Monthly
LIC MF Arbitrage Fund Direct Growth
Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹19,213.23Cr
Date of IncorporationNA
 LIC MF Banking & Financial Services Fund Direct IDCW is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made availabl
 LIC MF Banking & Financial Services Fund Direct IDCW is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 28 Jan 2022. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Banking & Financial Services Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹19,213 Cr and the Latest NAV as of 27 Jan 2022 is ₹14.90.
The LIC MF Banking & Financial Services Fund Direct IDCW is rated Very 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.
...Read more
Investment Objective
The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of co
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.
...Read more
Fund benchmarkNIFTY Financial Services TRI
Scheme Information Document(SID)
Fund house contact details
Address
Industrial Assurance Building4th Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016000 / 1800-258-5678
Launch Date
NA
E-mail
[email protected]
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
LIC MF Banking & Financial Services Fund Direct IDCW
VS
Add mutual fund to compare
FAQsHow to Invest in LIC MF Banking & Financial Services Fund Direct IDCW
You can easily invest in LIC MF Banking & Financial Services Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account
 Search for LIC MF Banking & Financial Services Fund Direct IDCW from the search box 
 In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
 Once you are done with that, you can start investing in LIC MF Banking & Financial Services Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does LIC MF Banking & Financial Services Fund Direct IDCW provide?
The LIC MF Banking & Financial Services Fund Direct IDCW has been there from 27 Mar 2015 and the average annual returns provided by this
fund is 21.43% since its inception.
How much expense ratio is charged by LIC MF Banking & Financial Services Fund Direct IDCW?
The term Expense Ratio used for LIC MF Banking & Financial Services Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. 

The Expense Ratio of LIC MF Banking & Financial Services Fund Direct IDCW is 1.48% as of 28 Jan 2022...
What is the AUM of LIC MF Banking & Financial Services Fund Direct IDCW?
The AUM, short for Assets Under Management of LIC MF Banking & Financial Services Fund Direct IDCW is ₹55.55Cr as of 28 Jan 2022.
How to Redeem LIC MF Banking & Financial Services Fund Direct IDCW?
If you want to sell your LIC MF Banking & Financial Services Fund Direct IDCW holdings, go to your holding on the app or
web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your
desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of LIC MF Banking & Financial Services Fund Direct IDCW?
You can select either SIP  or Lumpsum  investment of LIC MF Banking & Financial Services Fund Direct IDCW based on your investment objective and risk tolerance.
What is the NAV of LIC MF Banking & Financial Services Fund Direct IDCW?
The NAV of LIC MF Banking & Financial Services Fund Direct IDCW is ₹14.90 as of 27 Jan 2022.
What is the PE and PB ratio of LIC MF Banking & Financial Services Fund Direct IDCW?
The PE ratio ratio of LIC MF Banking & Financial Services Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

	1Y	3Y	5Y	All
Fund returns	21.4%	12.3%	7.7%	6.1%
Category average	56.1%	9.1%	12.0%	NA
Rank with in category	10	11	11	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	21.9%
ICICI Bank Ltd.	Financial	Equity	17.4%
Axis Bank Ltd.	Financial	Equity	9.3%
State Bank of India	Financial	Equity	9.2%
Housing Development Finance Corpn. Ltd.	Financial	Equity	8.1%
Kotak Mahindra Bank Ltd.	Financial	Equity	6.7%
The Federal Bank Ltd.	Financial	Equity	4.7%
City Union Bank Ltd.	Financial	Equity	4.7%
Karur Vysya Bank Ltd.	Financial	Equity	2.7%
SBI Life Insurance Company Ltd.	Financial	Equity	2.4%

Rank (total assets)	#20 in India
Total AUM	₹19,213.23Cr

Date of Incorporation	NA

Fund benchmark	NIFTY Financial Services TRI

No.11, 2nd floor, 80 FT Road
4th Block, S.T Bed, Koramangala
Bengaluru – 560034
Contact Us
PRODUCTS
StocksFutures & OptionsMutual FundsFixed DepositUS Stocks
GROWW
About UsPricingBlogMedia & PressCareersHelp and Support
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestGroww AcademySitemap
ⓒ 2016-2022 Groww. All rights reserved, Built with ♥in India

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

Rating	1
Fund size	₹55.55Cr