LIC MF Banking & Financial Services Fund Direct IDCW

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 20 Apr 1994. 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 ₹38,319 Cr and the Latest NAV as of 29 Oct 2025 is ₹24.80. The LIC MF Banking & Financial Services Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. ;

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. ;