LIC MF Banking & Financial Services Fund Direct Growth

Equity
Sectoral
Very High Risk
11.63%
3Y annualised
-0.61% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 02 Sep 2025
₹22.89
Rating
1
Min. SIP amount
₹200
Fund size
₹275.43Cr

Return calculator

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

Holdings (32)

NameSectorInstrumentAssets
FinancialEquity19.91%
FinancialEquity12.61%
FinancialEquity6.44%
FinancialEquity6.20%
FinancialEquity4.51%
FinancialEquity4.19%
FinancialEquity3.48%
FinancialEquity3.25%
FinancialEquity2.97%
FinancialEquity2.66%
FinancialEquity2.64%
FinancialEquity2.64%
FinancialEquity2.44%
HealthcareEquity2.35%
FinancialEquity2.33%
FinancialEquity2.27%
FinancialEquity2.13%
FinancialEquity1.83%
AutomobileEquity1.81%
ServicesEquity1.48%
FinancialEquity1.24%
ServicesEquity1.13%
FinancialEquity0.97%
ServicesEquity0.56%
FinancialEquity0.55%
ServicesEquity0.52%
FinancialEquity0.50%
FinancialEquity0.45%
FinancialEquity0.38%
FinancialEquity0.30%
FinancialEquity0.27%
FinancialEquity0.25%
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 returns3.1%11.6%17.1%8.0%
Category average4.6%14.5%20.2%NA
Rank with in category271512NA
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%
Higher alpha: 1.36 The fund has generated returns higher than benchmark - NIFTY Financial Services Total Return Index - in the last 3Y

Cons

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

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