How to Invest in LIC MF Banking & Financial Services Fund Regular IDCW?

You can easily invest in LIC MF Banking & Financial Services Fund Regular IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for LIC MF Banking & Financial Services Fund Regular IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in LIC MF Banking & Financial Services Fund Regular IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does LIC MF Banking & Financial Services Fund Regular IDCW provide?

The LIC MF Banking & Financial Services Fund Regular IDCW has been there from 27 Mar 2015 and the average annual returns provided by this fund is 10.59% since its inception.

How much expense ratio is charged by LIC MF Banking & Financial Services Fund Regular IDCW?

The term Expense Ratio used for LIC MF Banking & Financial Services Fund Regular IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of LIC MF Banking & Financial Services Fund Regular IDCW is 2.51% as of 02 Dec 2023...

What is the AUM of LIC MF Banking & Financial Services Fund Regular IDCW?

The AUM, short for Assets Under Management of LIC MF Banking & Financial Services Fund Regular IDCW is ₹279.82Cr as of 02 Dec 2023.

How to Redeem LIC MF Banking & Financial Services Fund Regular IDCW?

If you want to sell your LIC MF Banking & Financial Services Fund Regular IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

What is the NAV of LIC MF Banking & Financial Services Fund Regular IDCW?

The NAV of LIC MF Banking & Financial Services Fund Regular IDCW is ₹17.90 as of 01 Dec 2023.

What is the PE and PB ratio of LIC MF Banking & Financial Services Fund Regular IDCW?

The PE ratio ratio of LIC MF Banking & Financial Services Fund Regular IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

LIC MF Banking & Financial Services Fund Regular IDCW - NAV, Mutual Fund Performance & Portfolio

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LIC MF Banking & Financial Services Fund Regular IDCW
Equity
Sectoral / Thematic
Very High Risk
Payout
97%
3Y annualised
+0.66% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 01 Dec 2023₹17.90
Min. SIP amountNot Supported
Rating2
Fund size₹279.82Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns10.6%14.0%10.8%6.7%
Category average11.0%18.2%12.4%NA
Rank with in category162112NA
Understand terms
Holdings (20)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity23.0%
ICICI Bank Ltd.
FinancialEquity15.6%
State Bank of India
FinancialEquity9.4%
Axis Bank Ltd.
FinancialEquity7.4%
The Federal Bank Ltd.
FinancialEquity5.2%
CreditAccess Grameen Ltd.
FinancialEquity4.9%
L&T Finance Holdings Ltd.
FinancialEquity3.3%
DCB Bank Ltd.
FinancialEquity3.2%
Piramal Enterprises Ltd.
HealthcareEquity3.1%
Five-Star Business Finance Ltd.
FinancialEquity3.0%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
Nov 2023 - Present
51%
Nov 2023 - 27 Nov 2023
51%
Nov 2023 - 26 Nov 2023
51%
Nov 2023 - 25 Nov 2023
51%
Nov 2023 - 24 Nov 2023
51%
Nov 2023 - 23 Nov 2023
51%
Nov 2023 - 22 Nov 2023
51%
Nov 2023 - 21 Nov 2023
51%
Nov 2023 - 20 Nov 2023
51%
Nov 2023 - 19 Nov 2023
51%
Nov 2023 - 18 Nov 2023
51%
Nov 2023 - 17 Nov 2023
51%
Nov 2023 - 16 Nov 2023
51%
Nov 2023 - 15 Nov 2023
51%
Nov 2023 - 14 Nov 2023
51%
Nov 2023 - 13 Nov 2023
51%
Nov 2023 - 12 Nov 2023
51%
Nov 2023 - 11 Nov 2023
51%
Nov 2023 - 10 Nov 2023
51%
Nov 2023 - 09 Nov 2023
51%
Nov 2023 - 08 Nov 2023
51%
Nov 2023 - 07 Nov 2023
51%
Nov 2023 - 06 Nov 2023
51%
Nov 2023 - 05 Nov 2023
51%
Nov 2023 - 04 Nov 2023
51%
Nov 2023 - 03 Nov 2023
51%
Nov 2023 - 02 Nov 2023
51%
Oct 2023 - 01 Nov 2023
51%
Oct 2023 - 31 Oct 2023
51%
Oct 2023 - 30 Oct 2023
51%
Oct 2023 - 29 Oct 2023
51%
Oct 2023 - 28 Oct 2023
51%
Oct 2023 - 27 Oct 2023
51%
Oct 2023 - 26 Oct 2023
51%
Oct 2023 - 25 Oct 2023
51%
Oct 2023 - 24 Oct 2023
51%
Oct 2023 - 23 Oct 2023
51%
Oct 2023 - 22 Oct 2023
51%
Oct 2023 - 21 Oct 2023
51%
Oct 2023 - 20 Oct 2023
51%
Oct 2023 - 19 Oct 2023
51%
Oct 2023 - 18 Oct 2023
51%
Oct 2023 - 17 Oct 2023
51%
Oct 2023 - 16 Oct 2023
51%
Oct 2023 - 15 Oct 2023
51%
Oct 2023 - 14 Oct 2023
51%
Oct 2023 - 13 Oct 2023
51%
Oct 2023 - 12 Oct 2023
51%
Oct 2023 - 11 Oct 2023
51%
Oct 2023 - 10 Oct 2023
51%
Oct 2023 - 09 Oct 2023
51%
Oct 2023 - 08 Oct 2023
51%
Oct 2023 - 07 Oct 2023
51%
Oct 2023 - 06 Oct 2023
51%
Oct 2023 - 05 Oct 2023
51%
Oct 2023 - 04 Oct 2023
51%
Oct 2023 - 03 Oct 2023
51%
Oct 2023 - 02 Oct 2023
51%
Sep 2023 - 01 Oct 2023
51%
Sep 2023 - 30 Sep 2023
51%
Sep 2023 - 29 Sep 2023
51%
Sep 2023 - 28 Sep 2023
51%
Sep 2023 - 27 Sep 2023
51%
Sep 2023 - 26 Sep 2023
51%
Sep 2023 - 25 Sep 2023
51%
Sep 2023 - 24 Sep 2023
51%
Sep 2023 - 23 Sep 2023
51%
Sep 2023 - 22 Sep 2023
51%
Sep 2023 - 21 Sep 2023
51%
Sep 2023 - 20 Sep 2023
51%
Sep 2023 - 19 Sep 2023
51%
Sep 2023 - 18 Sep 2023
51%
Sep 2023 - 17 Sep 2023
51%
Sep 2023 - 16 Sep 2023
51%
Sep 2023 - 15 Sep 2023
51%
Sep 2023 - 14 Sep 2023
51%
Sep 2023 - 13 Sep 2023
51%
Sep 2023 - 12 Sep 2023
43%
Sep 2023 - 11 Sep 2023
51%
Sep 2023 - 10 Sep 2023
51%
Sep 2023 - 09 Sep 2023
51%
Sep 2023 - 08 Sep 2023
51%
Sep 2023 - 07 Sep 2023
51%
Sep 2023 - 06 Sep 2023
51%
Sep 2023 - 05 Sep 2023
51%
Sep 2023 - 04 Sep 2023
51%
Sep 2023 - 03 Sep 2023
51%
Sep 2023 - 02 Sep 2023
51%
Aug 2023 - 01 Sep 2023
51%
Jul 2023 - 31 Aug 2023
51%
Jun 2023 - 31 Jul 2023
51%
May 2023 - 30 Jun 2023
51%
Apr 2023 - 31 May 2023
51%
Mar 2023 - 30 Apr 2023
51%
Feb 2023 - 31 Mar 2023
61%
Jan 2023 - 28 Feb 2023
61%
Dec 2022 - 31 Jan 2023
61%
Dec 2022 - 31 Dec 2022
61%
Dec 2022 - 31 Dec 2022
61%
Nov 2022 - 31 Dec 2022
81%
Nov 2022 - 30 Nov 2022
81%
Nov 2022 - 30 Nov 2022
81%
Oct 2022 - 30 Nov 2022
81%
Oct 2022 - 31 Oct 2022
81%
Oct 2022 - 31 Oct 2022
81%
Oct 2022 - 31 Oct 2022
81%
Sep 2022 - 31 Oct 2022
81%
Sep 2022 - 30 Sep 2022
81%
Sep 2022 - 30 Sep 2022
81%
Aug 2022 - 30 Sep 2022
81%
Aug 2022 - 31 Aug 2022
81%
Jul 2022 - 31 Aug 2022
81%
Jul 2022 - 31 Jul 2022
81%
Jun 2022 - 31 Jul 2022
77%
Jun 2022 - 30 Jun 2022
77%
May 2022 - 30 Jun 2022
76%
May 2022 - 31 May 2022
76%
Apr 2022 - 31 May 2022
76%
Apr 2022 - 30 Apr 2022
76%
Mar 2022 - 30 Apr 2022
76%
Mar 2022 - 31 Mar 2022
76%
Feb 2022 - 31 Mar 2022
76%
Feb 2022 - 28 Feb 2022
76%
Jan 2022 - 28 Feb 2022
76%
Dec 2021 - 31 Jan 2022
76%
Nov 2021 - 31 Dec 2021
76%
Oct 2021 - 30 Nov 2021
80%
Sep 2021 - 31 Oct 2021
80%
Aug 2021 - 30 Sep 2021
80%
Jul 2021 - 31 Aug 2021
80%
Jun 2021 - 31 Jul 2021
80%
May 2021 - 30 Jun 2021
80%
Apr 2021 - 31 May 2021
80%
Mar 2021 - 30 Apr 2021
56%
Feb 2021 - 31 Mar 2021
80%
Jan 2021 - 28 Feb 2021
80%
Dec 2020 - 31 Jan 2021
62%
Nov 2020 - 31 Dec 2020
62%
Oct 2020 - 30 Nov 2020
67%
Sep 2020 - 31 Oct 2020
43%
Aug 2020 - 30 Sep 2020
57%
Jul 2020 - 31 Aug 2020
57%
Jun 2020 - 31 Jul 2020
57%
May 2020 - 30 Jun 2020
57%
Apr 2020 - 31 May 2020
57%
Mar 2020 - 30 Apr 2020
46%
Feb 2020 - 31 Mar 2020
50%
Jan 2020 - 29 Feb 2020
70%
Dec 2019 - 31 Jan 2020
70%
Nov 2019 - 31 Dec 2019
70%
Oct 2019 - 30 Nov 2019
60%
Sep 2019 - 31 Oct 2019
46%
Aug 2019 - 30 Sep 2019
46%
Jul 2019 - 31 Aug 2019
46%
Jun 2019 - 31 Jul 2019
46%
May 2019 - 30 Jun 2019
46%
Apr 2019 - 31 May 2019
46%
Mar 2019 - 30 Apr 2019
55%
Feb 2019 - 31 Mar 2019
46%
Jan 2019 - 28 Feb 2019
49%
Dec 2018 - 31 Jan 2019
50%
Nov 2018 - 31 Dec 2018
84%
Oct 2018 - 30 Nov 2018
84%
Sep 2018 - 31 Oct 2018
14%
Aug 2018 - 30 Sep 2018
14%
Jul 2018 - 31 Aug 2018
14%
Jun 2018 - 31 Jul 2018
14%
May 2018 - 30 Jun 2018
83%
Apr 2018 - 31 May 2018
73%
Mar 2018 - 30 Apr 2018
84%
Feb 2018 - 31 Mar 2018
00%
Jan 2018 - 28 Feb 2018
00%
Dec 2017 - 31 Jan 2018
00%
Nov 2017 - 31 Dec 2017
00%
Oct 2017 - 30 Nov 2017
00%
Expense ratio, exit load and taxExpense ratio: 2.51%Inclusive of GST
Exit loadExit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementJaiprakash 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
LIC MF Flexi Cap Fund Direct Growth
LIC MF Large Cap Fund Direct Growth
LIC MF Nifty 50 Index Fund Direct Growth
LIC MF S&P BSE Sensex Fund Direct Growth
LIC MF Banking & Financial Services Fund Direct Growth
LIC MF Arbitrage Fund Direct Growth
LIC MF Balanced Advantage Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Equity Savings Fund Direct Growth
LIC MF Focused 30 Equity Fund Direct Growth
LIC MF Long Term Value Fund Direct Growth
Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹17,913.46Cr
Date of Incorporation20 Apr 1994
 LIC MF Banking & Financial Services Fund Regular IDCW is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Banking & Financial Services Fund Regular IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹17,913 Cr and the Latest NAV as of 01 Dec 2023 is ₹17.90.
The LIC MF Banking & Financial Services Fund Regular IDCW is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
;
Investment ObjectiveThe 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
Scheme Information Document(SID)
Fund house contact details
Address
Industrial Assurance Building4th Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016000 / 1800-258-5678
Launch Date
Apr 1994
E-mail
[email protected]
Website
www.licmf.com
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
LIC MF Banking & Financial Services Fund Regular IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	10.6%	14.0%	10.8%	6.7%
Category average	11.0%	18.2%	12.4%	NA
Rank with in category	16	21	12	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	23.0%
ICICI Bank Ltd.	Financial	Equity	15.6%
State Bank of India	Financial	Equity	9.4%
Axis Bank Ltd.	Financial	Equity	7.4%
The Federal Bank Ltd.	Financial	Equity	5.2%
CreditAccess Grameen Ltd.	Financial	Equity	4.9%
L&T Finance Holdings Ltd.	Financial	Equity	3.3%
DCB Bank Ltd.	Financial	Equity	3.2%
Piramal Enterprises Ltd.	Healthcare	Equity	3.1%
Five-Star Business Finance Ltd.	Financial	Equity	3.0%

Rank (total assets)	#20 in India
Total AUM	₹17,913.46Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	NIFTY Financial Services Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	2
Fund size	₹279.82Cr

LIC MF Banking & Financial Services Fund Regular IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (20)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 2.51%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Jaiprakash ToshniwalSep 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Jaiprakash Toshniwal
Sep 2021 - Present
View details