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LIC MF Banking & Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
18.23%
3Y annualised
+0.90% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 22 Oct 2021₹15.98
Min. SIP amount₹1,000
Rating1star
Fund size₹61.79 Cr

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns54.7%18.2%8.8%7.4%
Category average56.1%9.1%12.0%NA
Rank with in category12911NA
Understand termsinfo

Holdings (18)

NameSectorInstrumentAssets
FinancialEquity23.5%
FinancialEquity16.5%
State Bank of India
FinancialEquity8.5%
FinancialEquity8.4%
FinancialEquity7.7%
FinancialEquity7.2%
FinancialEquity5.3%
FinancialEquity4.1%
FinancialEquity2.8%
FinancialEquity2.4%
See All

Pros and cons

info
Category: Equity Sectoral / Thematic
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Pros

3Y annualised returns higher than category average by 9.09%
Lower expense ratio: 1.49%
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Cons

Lower AUM: 61Cr. 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: 1.49%

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 termsinfo
Check past data

Minimum investment amounts

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

Fund management

Yogesh Patil
Oct 2018 - Present
View details
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Fund house & investment objective

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Fund house contact details

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