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LIC MF Banking & Financial Services Fund Direct Growth+0.53%

44.43%
1 Year Return
Equity
Sectoral / Thematic
1.0star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Banking & Financial Services Fund Direct Growth

RiskVery High
Min SIP Amount₹1000
Expense Ratio1.49%
NAV₹14.13 (23 Jul 2021)
Fund Started27 Mar 2015
Fund Size60 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
44.4%
8.1%
8.2%
5.5%
Category Average
56.1%
9.1%
12.0%
-
Rank Within Category
10
11
11
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 44.4% returns per annum

Comparison

Data not available
Pros
Found nothing so far.
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. 1Y Returns are lower than the category average returns
3. 3Y Returns are lower than the category average returns
4. 5Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialEquity23.7%
ICICI Bank Ltd.FinancialEquity15.9%
Kotak Mahindra Bank Ltd.FinancialEquity9.1%
Housing Development Finance Corpn. Ltd.FinancialEquity7.8%
Axis Bank Ltd.FinancialEquity7.6%
State Bank of IndiaFinancialEquity7.2%
The Federal Bank Ltd.FinancialEquity5.8%
City Union Bank Ltd.FinancialEquity4.5%
Central Depository Services (India) Ltd.FinancialEquity3.2%
ICICI Lombard General Insurance Company Ltd.InsuranceEquity2.6%
See All

Fund Managers

Yogesh Patil
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LIC MF Banking & Financial Services Fund Direct Growth Details

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.

Investment Objective

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.

Tax Implications

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹500
Min for Second Investment
For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.
Exit Load

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About LIC Mutual Fund

Address
4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
Phone
022-66016000
Launch Date
20 Apr 1994
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,
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