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LIC MF Banking & Financial Services Fund Regular Dividend+2.08%

-0.36%
1 Year Return
Equity
Sectoral/Thematic
1.0star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Banking & Financial Services Fund Regular Dividend

RiskHigh
Min SIP Amount₹1000
Expense Ratio2.62%
NAV₹12.36 (20 Jan 2021)
Fund Started27 Mar 2015
Fund Size61 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
-0.4%
-1.0%
10.7%
3.5%
Category Average
-0.3%
2.4%
13.8%
-
Rank Within Category
16
14
14
-
*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 -0.4% returns per annum

Comparison

Data not available
Pros
1. 1Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Risk is higher compared to the benchmark
4. Higher expense ratio
5. 1Y Returns are lower than the benchmark
6. 3Y Returns are lower than the benchmark
7. 5Y Returns are lower than the benchmark
8. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
9. Risk-adjusted returns are lower compared to the category
10. Higher expense ratio - 2.57%
11. 3Y Returns are lower than the category average returns
12. 5Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialEquity26.8%
ICICI Bank Ltd.FinancialEquity13.8%
Kotak Mahindra Bank Ltd.FinancialEquity12.1%
Housing Development Finance Corpn. Ltd.FinancialEquity8.0%
Axis Bank Ltd.FinancialEquity7.7%
City Union Bank Ltd.FinancialEquity6.1%
State Bank of IndiaFinancialEquity5.0%
Federal Bank Ltd.FinancialEquity3.7%
DCB Bank Ltd.FinancialEquity3.3%
ICICI Lombard General Insurance Company Ltd.FinancialEquity3.0%
See All

Fund Managers

Yogesh Patil
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LIC MF Banking & Financial Services Fund Regular Dividend Details

LIC MF Banking & Financial Services Fund Regular Dividend 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 Regular Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹61 Cr and the Latest NAV as of 20 Jan 2021 is ₹12.36.

The LIC MF Banking & Financial Services Fund Regular Dividend is rated 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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