|Min SIP Amount||₹1000|
|NAV||₹14.13 (23 Jul 2021)|
|Fund Started||27 Mar 2015|
|Fund Size||₹60 Cr|
|HDFC Bank Ltd.||Financial||Equity||23.7%|
|ICICI Bank Ltd.||Financial||Equity||15.9%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||9.1%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||7.8%|
|Axis Bank Ltd.||Financial||Equity||7.6%|
|State Bank of India||Financial||Equity||7.2%|
|The Federal Bank Ltd.||Financial||Equity||5.8%|
|City Union Bank Ltd.||Financial||Equity||4.5%|
|Central Depository Services (India) Ltd.||Financial||Equity||3.2%|
|ICICI Lombard General Insurance Company Ltd.||Insurance||Equity||2.6%|
LIC MF Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 27 Mar 2015. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Banking & Financial Services Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹60 Cr and the Latest NAV as of 23 Jul 2021 is ₹14.13.
The LIC MF Banking & Financial Services Fund Direct Growth 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.
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.
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.