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LIC MF Banking & Financial Services Fund Direct Growth
+7.93%
3Y annualised
+0.18% 1D
NAV: 11 Sep '26
₹24.71
Min. for SIP
₹200
Fund size (AUM)
₹274.51 Cr
Expense ratio
1.65%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹60,818 | +1.36% | |
| 3 years | ₹1,80,000 | ₹1,99,288 | +10.72% | |
| 5 years | ₹3,00,000 | ₹3,85,495 | +28.50% | |
| 10 years | ₹6,00,000 | ₹10,40,351 | +73.39% |
Holdings (26)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 13.98% |
| AU Small Finance Bank Ltd | Financial | Equity | 7.36% |
| Axis Bank Ltd | Financial | Equity | 5.27% |
| One 97 Communications Ltd | Industrials | Equity | 5.01% |
| Bajaj Finance Ltd | Financial | Equity | 5.00% |
| PB Fintech Ltd | Financial | Equity | 4.92% |
| Indusind Bank Ltd | Financial | Equity | 4.87% |
| HDFC Bank Ltd | Financial | Equity | 4.75% |
| City Union Bank Ltd | Financial | Equity | 4.36% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 4.22% |
| Karur Vysya Bank Ltd | Financial | Equity | 3.40% |
| Nippon Life India Asset Management Ltd | Financial | Equity | 3.36% |
| BSE Ltd | Financial | Equity | 3.26% |
| Motilal Oswal Financial Services Ltd | Financial | Equity | 3.15% |
| DCB Bank Ltd | Financial | Equity | 3.03% |
| Aditya Birla Capital Ltd | Financial | Equity | 3.03% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 2.98% |
| CreditAccess Grameen Ltd | Financial | Equity | 2.70% |
| Max Financial Services Ltd | Financial | Equity | 2.58% |
| IIFL Wealth Management Ltd | Financial | Equity | 2.44% |
| Aditya Birla Sun Life AMC Ltd | Financial | Equity | 2.33% |
| Ujjivan Small Finance Bank Ltd | Financial | Equity | 2.26% |
| Repo | Unspecified | Repo | 2.03% |
| DHFL VYSYA HOUSING FINANCE LIMITED EQ | Financial | Equity | 2.02% |
| Aavas Financiers Ltd | Financial | Equity | 1.84% |
| Net Payables | Unspecified | Net Payables | -0.15% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹500
Min. for SIP
₹200
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +7.9% | +9.6% | +8.7% | +8.0% |
| Category average (Equity Sectoral) | +12.5% | +12.3% | +12.8% | +13.4% |
| Rank (Equity Sectoral) | 21 | 13 | 11 | -- |
Exit load, stamp duty and tax
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
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%.
Check past data
Fund management
SASudhanshu AsthanaApr 2026 - PresentView details
SA
Sudhanshu Asthana
Apr 2026 - Present
View details
About LIC MF Banking & Financial Services Fund Direct Growth
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 20 Apr 1994. Sudhanshu Asthana 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 ₹51,563 Cr and the Latest NAV as of 11 Sep 2026 is ₹24.71.
The LIC MF Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
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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.
Fund benchmarkNIFTY Financial Services Total Return Index
Fund house
Rank (total assets)#20 in India
Total AUM₹51,562.63 Cr
Date of Incorporation20 Apr 1994
Launch Date20 Apr 1994
AddressIndustrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,