Min. for 1st investment | Not Supported |
Min. for 2nd investment onwards | Not Supported |
Min. for SIP | Not Supported |
Average of the yearly returns of a mutual fund over a given period.
The total return of a mutual fund over a given period.
1Y | 3Y | 5Y | All | |
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Fund returns | -0.9% | 12.2% | 17.4% | 6.8% |
Category average | 0.9% | 15.9% | 23.3% | NA |
Rank with in category | 50 | 29 | 23 | NA |
A 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.
A 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.
A 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.
A form of tax payable for the purchase or sale of an asset or security.
Inclusive of GST
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
0.005% (from July 1st, 2020)
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%.
Rank (total assets) | #20 in India |
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Total AUM | ₹38,319.17Cr |
Date of Incorporation | 20 Apr 1994 |
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LIC MF Banking & Financial Services Fund Growth 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 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹38,319 Cr and the Latest NAV as of 29 Sep 2025 is ₹20.49. The LIC MF Banking & Financial Services Fund Growth 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. ;
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 benchmark | NIFTY Financial Services Total Return Index |
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