LIC MF Banking & Financial Services Fund Growth

Equity
Sectoral
Very High Risk
+12.24%
3Y annualised
+0.05% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 29 Sep 2025
₹20.49
Rating
1
Min. SIP amount
Not Supported
Fund size
₹266.84Cr

Return calculator

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

Holdings (34)

NameSectorInstrumentAssets
FinancialEquity19.38%
FinancialEquity12.29%
FinancialEquity6.62%
FinancialEquity6.50%
FinancialEquity4.68%
FinancialEquity4.36%
FinancialEquity3.57%
FinancialEquity3.33%
FinancialEquity3.10%
FinancialEquity2.97%
FinancialEquity2.68%
FinancialEquity2.55%
FinancialEquity2.45%
FinancialEquity2.35%
FinancialEquity2.19%
FinancialEquity2.17%
HealthcareEquity2.17%
AutomobileEquity1.93%
ServicesEquity1.52%
FinancialEquity1.40%
ServicesEquity1.29%
FinancialEquity1.07%
FinancialEquity0.97%
FinancialEquity0.96%
FinancialEquity0.84%
FinancialEquity0.57%
ServicesEquity0.55%
ServicesEquity0.55%
FinancialEquity0.49%
ServicesEquity0.46%
FinancialEquity0.43%
FinancialEquity0.38%
FinancialEquity0.30%
FinancialEquity0.22%
See All

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Returns and rankings

Category: Equity Sectoral
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-0.9%12.2%17.4%6.8%
Category average0.9%15.9%23.3%NA
Rank with in category502923NA
Understand terms

Expense ratio, exit load and tax

Expense ratio: 2.45%

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

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%.

Understand terms
Check past data

Fund management

Jaiprakash 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

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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