Name: LIC MF Banking & Financial Services Fund Regular Growth
Brand: LIC Mutual Fund

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LIC MF Banking & Financial Services Fund Regular Growth
Equity
Sectoral / Thematic
Very High Risk
48.94%
1Y return
-0.15% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 30 Jul 2021₹13.08
Min. SIP Amount₹1,000
Rating1star
Fund Size₹60.41 Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
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 returns48.9%6.3%6.2%4.3%
Category average56.1%9.1%12.0%NA
Rank with in category211515NA
Understand termsinfo
Holdings (15)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity23.7%
ICICI Bank Ltd.FinancialEquity15.9%
Kotak Mahindra Bank Ltd.FinancialEquity9.1%
Housing Development Finance Corpn. Ltd.FinancialEquity7.8%
Axis Bank Ltd.FinancialEquity7.6%
State Bank of India
FinancialEquity7.2%
The Federal Bank Ltd.FinancialEquity5.8%
City Union Bank Ltd.FinancialEquity4.5%
Central Depository Services (India) Ltd.FinancialEquity3.2%
ICICI Lombard General Insurance Company Ltd.
InsuranceEquity2.6%
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. 
Expense ratio, exit load and taxExpense ratio: 2.8%Inclusive of GST
Exit loadFor units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.
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 termsinfo
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹5,000
Min. for SIP₹1,000
Fund managementYogesh Patil
Oct 2018 - Present
View Details
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Education
Mr. Patil is an MBA (Finance).
Experience
Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
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LIC MF Large & Mid Cap Fund Regular Growth
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LIC MF Banking & Financial Services Fund Direct IDCW
LIC MF Banking & Financial Services Fund Regular IDCW
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Fund house & investment objective
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LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM16,906.06 Cr
Date of Incorporation20 Apr 1994
LIC MF Banking & Financial Services Fund Regular Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to 
LIC MF Banking & Financial Services Fund Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹16,906 Cr and the Latest NAV as of 30 Jul 2021 is ₹13.08.
The LIC MF Banking & Financial Services Fund Regular Growth is rated Very 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....Read more
Investment Objective
The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of co
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.
...Read more
Fund benchmarkNIFTY Financial Services TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
Phone
022-66016000
Launch Date
20 Apr 1994
E-mail
[email protected]
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,
Email
[email protected]
Website
www.karvymfs.com
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LIC MF Banking & Financial Services Fund Regular Growth
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	1Y	3Y	5Y	All
Fund returns	48.9%	6.3%	6.2%	4.3%
Category average	56.1%	9.1%	12.0%	NA
Rank with in category	21	15	15	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	23.7%
ICICI Bank Ltd.	Financial	Equity	15.9%
Kotak Mahindra Bank Ltd.	Financial	Equity	9.1%
Housing Development Finance Corpn. Ltd.	Financial	Equity	7.8%
Axis Bank Ltd.	Financial	Equity	7.6%
State Bank of India	Financial	Equity	7.2%
The Federal Bank Ltd.	Financial	Equity	5.8%
City Union Bank Ltd.	Financial	Equity	4.5%
Central Depository Services (India) Ltd.	Financial	Equity	3.2%
ICICI Lombard General Insurance Company Ltd.	Insurance	Equity	2.6%

Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹5,000

Rating	1
Fund Size	₹60.41 Cr

Rank (total assets)	#20 in India
Total AUM	16,906.06 Cr