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LIC MF Banking & Financial Services Fund Direct IDCW
+9.99%
3Y annualised
+0.97% 1D
NAV: 26 Aug '26
₹25.12
Min. for SIP
₹200
Fund size (AUM)
₹269.81 Cr
Expense ratio
1.64%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹62,176 | +3.63% | |
| 3 years | ₹1,80,000 | ₹2,04,071 | +13.37% | |
| 5 years | ₹3,00,000 | ₹3,94,923 | +31.64% | |
| 10 years | ₹6,00,000 | ₹10,64,029 | +77.34% |
Holdings (27)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 14.04% |
| Axis Bank Ltd | Financial | Equity | 8.90% |
| HDFC Bank Ltd | Financial | Equity | 8.22% |
| AU Small Finance Bank Ltd | Financial | Equity | 5.76% |
| Bajaj Finance Ltd | Financial | Equity | 5.49% |
| Indusind Bank Ltd | Financial | Equity | 4.93% |
| PB Fintech Ltd | Financial | Equity | 3.68% |
| BSE Ltd | Financial | Equity | 3.68% |
| Karur Vysya Bank Ltd | Financial | Equity | 3.41% |
| Nippon Life India Asset Management Ltd | Financial | Equity | 3.39% |
| CreditAccess Grameen Ltd | Financial | Equity | 3.21% |
| One 97 Communications Ltd | Industrials | Equity | 3.14% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 3.08% |
| Aditya Birla Capital Ltd | Financial | Equity | 3.05% |
| City Union Bank Ltd | Financial | Equity | 3.00% |
| Power Finance Corporation Ltd | Financial | Equity | 2.59% |
| Ujjivan Small Finance Bank Ltd | Financial | Equity | 2.39% |
| Aditya Birla Sun Life AMC Ltd | Financial | Equity | 2.28% |
| Motilal Oswal Financial Services Ltd | Financial | Equity | 2.19% |
| DHFL VYSYA HOUSING FINANCE LIMITED EQ | Financial | Equity | 2.18% |
| Repo | Unspecified | Repo | 2.15% |
| Aavas Financiers Ltd | Financial | Equity | 2.02% |
| SBI Life Insurance Company Ltd | Financial | Equity | 1.99% |
| DCB Bank Ltd | Financial | Equity | 1.83% |
| Max Financial Services Ltd | Financial | Equity | 1.78% |
| IIFL Wealth Management Ltd | Financial | Equity | 1.74% |
| Net Payables | Unspecified | Net Payables | -0.12% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹500
Min. for SIP
₹200
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +10.0% | +10.9% | +9.5% | +8.2% |
| Category average (Equity Sectoral) | +14.4% | +16.1% | +13.7% | -- |
| Rank (Equity Sectoral) | 21 | 12 | 11 | -- |
Exit load, stamp duty and tax
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
SASudhanshu AsthanaApr 2026 - PresentView details
SA
Sudhanshu Asthana
Apr 2026 - Present
View details
About 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. Sudhanshu Asthana 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 ₹50,099 Cr and the Latest NAV as of 26 Aug 2026 is ₹25.12.
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.
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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.
Fund benchmarkNIFTY Financial Services Total Return Index
Fund house
Rank (total assets)#20 in India
Total AUM₹50,099.49 Cr
Date of Incorporation20 Apr 1994
Launch Date20 Apr 1994
AddressIndustrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,