Name: LIC MF Banking & Financial Services Fund Direct IDCW
Brand: LIC Mutual Fund

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LIC MF Banking & Financial Services Fund Direct IDCW
Equity
Sectoral / Thematic
Very High Risk
55.71%
1Y return
-1.94% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 21 Sep 2021₹14.78
Min. SIP amount₹1,000
Rating1star
Fund size₹61.16 Cr
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 returns55.7%10.8%7.6%6.2%
Category average56.1%9.1%12.0%NA
Rank with in category131011NA
Understand termsinfo
Holdings (17)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity23.5%
ICICI Bank Ltd.
FinancialEquity17.1%
Axis Bank Ltd.
FinancialEquity8.7%
State Bank of India
FinancialEquity8.1%
Housing Development Finance Corpn. Ltd.
FinancialEquity7.9%
Kotak Mahindra Bank Ltd.
FinancialEquity6.9%
The Federal Bank Ltd.
FinancialEquity5.1%
City Union Bank Ltd.
FinancialEquity4.0%
Bajaj Finance Ltd.
FinancialEquity2.8%
Central Depository Services (India) Ltd.
FinancialEquity2.4%
See All
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 Aug 2021 - Present
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: 1.49%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 termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementYogesh Patil
Oct 2018 - Present
View details
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Education
Mr. Patil is an MBA (Finance).
Experience
Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
Also manages these schemes
LIC MF Flexi Cap Fund IDCW
LIC MF Flexi Cap Fund Growth
LIC MF Equity Hybrid Fund IDCW
LIC MF Equity Hybrid Fund Growth
LIC MF Unit Linked Insurance Scheme
LIC MF Large Cap Fund IDCW
LIC MF Tax Plan IDCW
LIC MF Tax Plan Growth
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 Children's Gift Fund Growth
LIC MF Debt Hybrid Fund IDCW Monthly
LIC MF Debt Hybrid Fund IDCW Quarterly
LIC MF Debt Hybrid Fund IDCW Yearly
LIC MF Debt Hybrid Fund Growth
LIC MF Large Cap Fund Growth
LIC MF Infrastructure Fund Growth
LIC MF Infrastructure Fund IDCW
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Equity Hybrid Fund Direct IDCW
LIC MF Equity Hybrid Fund Direct Growth
LIC MF Flexi Cap Fund Direct IDCW
LIC MF Flexi Cap Fund Direct Growth
LIC MF Large Cap Fund Direct Growth
LIC MF Large Cap Fund Direct IDCW
LIC MF Tax Direct Plan IDCW
LIC MF Tax Direct Plan Growth
LIC MF Debt Hybrid Fund Direct IDCW Quarterly
LIC MF Debt Hybrid Fund Direct IDCW Yearly
LIC MF Debt Hybrid Fund Direct Growth
LIC MF Debt Hybrid Fund Direct IDCW Monthly
LIC MF Children's Gift Fund Direct 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 Infrastructure Fund Direct IDCW
LIC MF Infrastructure Fund Direct Growth
LIC MF Large & Mid Cap Fund Direct IDCW
LIC MF Large & Mid Cap Fund Direct Growth
LIC MF Large & Mid Cap Fund Regular Growth
LIC MF Large & Mid Cap Fund Regular 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 Arbitrage Fund Regular Growth
LIC MF Arbitrage Fund Direct IDCW Monthly
LIC MF Arbitrage Fund Direct Growth
Jaiprakash Toshniwal
Sep 2021 - Present
View details
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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 Direct IDCW Monthly
LIC MF Arbitrage Fund Direct Growth
Fund house & investment objective
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LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM16,906.06 Cr
Date of Incorporation20 Apr 1994
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 inv
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 ₹16,906 Cr and the Latest NAV as of 21 Sep 2021 is ₹14.78.
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
descriptionScheme Information Document(SID)
Fund house contact details
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Address
4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
Phone
022-66016000
Launch Date
20 Apr 1994
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
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	1Y	3Y	5Y	All
Fund returns	55.7%	10.8%	7.6%	6.2%
Category average	56.1%	9.1%	12.0%	NA
Rank with in category	13	10	11	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	23.5%
ICICI Bank Ltd.	Financial	Equity	17.1%
Axis Bank Ltd.	Financial	Equity	8.7%
State Bank of India	Financial	Equity	8.1%
Housing Development Finance Corpn. Ltd.	Financial	Equity	7.9%
Kotak Mahindra Bank Ltd.	Financial	Equity	6.9%
The Federal Bank Ltd.	Financial	Equity	5.1%
City Union Bank Ltd.	Financial	Equity	4.0%
Bajaj Finance Ltd.	Financial	Equity	2.8%
Central Depository Services (India) Ltd.	Financial	Equity	2.4%

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

Rating	1
Fund size	₹61.16 Cr

Rank (total assets)	#20 in India
Total AUM	16,906.06 Cr