LIC MF Banking & Financial Services Fund Direct Growth

Equity
Sectoral
Very High Risk
+12.94%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 23 Sep 2025
₹23.66
Rating
1
Min. SIP amount
₹200
Fund size
₹266.84Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Holdings (34)

NameSectorInstrumentAssets
FinancialEquity19.38%
FinancialEquity12.29%
FinancialEquity6.62%
FinancialEquity6.50%
FinancialEquity4.68%
FinancialEquity4.36%
FinancialEquity3.57%
FinancialEquity3.33%
FinancialEquity3.10%
FinancialEquity2.97%
FinancialEquity2.68%
FinancialEquity2.55%
FinancialEquity2.45%
FinancialEquity2.35%
FinancialEquity2.19%
FinancialEquity2.17%
HealthcareEquity2.17%
AutomobileEquity1.93%
ServicesEquity1.52%
FinancialEquity1.40%
ServicesEquity1.29%
FinancialEquity1.07%
FinancialEquity0.97%
FinancialEquity0.96%
FinancialEquity0.84%
FinancialEquity0.57%
ServicesEquity0.55%
ServicesEquity0.55%
FinancialEquity0.49%
ServicesEquity0.46%
FinancialEquity0.43%
FinancialEquity0.38%
FinancialEquity0.30%
FinancialEquity0.22%
See All

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹200

Returns and rankings

Category: Equity Sectoral
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns1.7%12.9%19.9%8.3%
Category average3.4%15.7%23.6%NA
Rank with in category291512NA
Understand terms

Expense ratio, exit load and tax

Expense ratio: 1.18%

Inclusive of GST

Exit load

Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.

Stamp duty

0.005% (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%.

Understand terms
Check past data

Fund management

Jaiprakash 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

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
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,

Pros and cons

Category: Equity Sectoral

Pros

Lower expense ratio: 1.18%

Cons

Consistently lower annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Low rating: 1

Compare funds

LIC MF Banking & Financial Services Fund Direct Growth
VS
Add mutual fund to compare