LIC MF Banking & Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
12.72%
3Y annualised
-0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 Feb 2024₹20.39
Min. SIP amount₹1,000
Rating2
Fund size₹297.68Cr

Return calculator

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

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns23.8%12.7%13.6%8.1%
Category average27.1%14.4%14.8%NA
Rank with in category151110NA
Understand terms

Holdings (23)

NameSectorInstrumentAssets
FinancialEquity21.21%
FinancialEquity16.50%
FinancialEquity9.96%
FinancialEquity7.32%
FinancialEquity4.12%
FinancialEquity3.86%
FinancialEquity3.70%
FinancialEquity3.63%
HealthcareEquity3.30%
FinancialEquity2.89%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

Lower expense ratio: 0.48%
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Higher alpha: 2.06 The fund has generated returns higher than benchmark - NIFTY Financial Services Total Return Index - in the last 3Y
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 0.48%

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

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 terms
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

Jaiprakash Toshniwal
Sep 2021 - Present
View details

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,

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