Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
LIC MF Banking & PSU Debt Fund Direct Growth
+7.27%
3Y annualised
-0.09% 1D
NAV: 15 Sep '26
₹40.04
Min. for SIP
₹200
Fund size (AUM)
₹1,648.88 Cr
Expense ratio
0.28%
Rating
3
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,588 | +2.65% | |
| 3 years | ₹1,80,000 | ₹1,98,794 | +10.44% | |
| 5 years | ₹3,00,000 | ₹3,55,399 | +18.47% | |
| 10 years | ₹6,00,000 | ₹8,46,330 | +41.05% |
Holdings (50)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Repo | Unspecified | Repo | 9.23% |
| GOVERNMENT OF INDIA 37176 182 DAYS TBILL 03SP26 FV RS 100 | Financial | Treasury Bills | 6.06% |
| Nuclear Power Corpn. Of India Ltd. 8.14 25/03/2028 | Energy & Utilities | Debenture | 3.81% |
| NLC INDIA LIMITED SR I 8.09 LOA 29MY29 FVRS10LAC | Energy & Utilities | Non Convertible Debenture | 3.76% |
| NATIONAL HIGHWAYS AUTHORITY OF INDIA SERIES IV 8.37 BD 21JN29 FVRS10LAC | Industrials | Debenture | 3.25% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR V 7.83 BD 24NV28 FVRS1LAC | Financial | Debenture | 3.22% |
| JAMNAGAR UTILITIES & POWER PRIVATE LIMITED SR PPD8 7.43 LOA 24OT34 FVRS1LAC | Industrials | Debenture | 3.15% |
| BHARTI TELECOM LIMITED SR XXIX 7.75 NCD 29FB28 FVRS1LAC | Technology | Debenture | 3.12% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 181 7.37 BD 31JL29 FVRS1LAC | Financial | Non Convertible Debenture | 3.11% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24H 7.62 BD 10MY29 FVRS1LAC | Financial | Debenture | 3.10% |
| REC LIMITED SR 223B 7.46 BD 30JU28 FVRS1LAC | Financial | Debenture | 3.07% |
| GOVERNMENT OF INDIA 37705 091 DAYS TBILL 29OT26 FV RS 100 | Financial | Treasury Bills | 3.01% |
| HDFC BANK LIMITED CD 21DEC26 | Financial | Certificate of Deposit | 2.97% |
| KOTAK MAHINDRA BANK LIMITED CD 08JAN27 | Financial | Certificate of Deposit | 2.96% |
| BANK OF BARODA CD 11JAN27 | Financial | Certificate of Deposit | 2.96% |
| ICICI BANK LIMITED CD 27JAN27 | Financial | Certificate of Deposit | 2.95% |
| CANARA BANK CD 28JAN27 | Financial | Certificate of Deposit | 2.95% |
| NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT CD 02MAR27 | Financial | Certificate of Deposit | 2.93% |
| INDIAN BANK CD 21JUN27 | Financial | Certificate of Deposit | 2.87% |
| POWER FINANCE CORPORATION LIMITED SR 246A 7.42 BD 15AP28 FVRS1LAC | Financial | Bonds | 2.51% |
| EXPORT IMPORT BANK OF INDIA SR-R-16 8.83 BD 03NV29 FVRS10LAC | Financial | Bonds | 2.36% |
| CANARA BANK CD 29JUN27 | Financial | Certificate of Deposit | 2.00% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 180 7.39 BD 15JL34 FVRS1LAC | Financial | Debenture | 1.85% |
| JIO CREDIT LIMITED SR III 7.05 NCD 13OT27 FVRS1LAC | Financial | Bonds/NCDs | 1.60% |
| POWER FINANCE CORPORATION LIMITED SR 253 6.73 BD 15OT27 FVRS1LAC | Financial | Bonds/NCDs | 1.60% |
| RURAL ELECTRIFICATION CORPORATION LIMITED SERIES GOI-V 8.54 BD 15NV28 FVRS10LAC | Financial | Debenture | 1.59% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26A 6.66 BD 12OT28 FVRS1LAC | Financial | Debenture | 1.58% |
| REC LIMITED SR 257 TR A 7.28 BD 31AG29 FVRS1LAC | Financial | Non Convertible Debenture | 1.54% |
| POWER FINANCE CORPORATION LTD. SR 200 7.40 BD 08MY30 FVRS10LAC | Financial | Non Convertible Debenture | 1.54% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VIII 7.49 BD 11JU29 FVRS1LAC | Financial | Bonds | 1.53% |
| 7.23% Housing & Urban Development Corporation Limited (18/07/2029) | Financial | Debenture | 1.52% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR PC1POB1 7.43 LOA 31JN30 FVRS10LAC | Financial | Debenture | 1.52% |
| HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SR D 6.64 NCD 17JL28 FVRS1LAC | Financial | Non Convertible Debenture | 1.51% |
| REC LIMITED SR 247 A 6.87 BD 31MY30 FVRS1LAC | Financial | Bonds | 1.50% |
| PUNJAB NATIONAL BANK CD 05FEB27 | Financial | Certificate of Deposit | 1.47% |
| 7.71% GOI 18-May-2066 | Entities | GOI Securities | 1.32% |
| Government of India | Entities | GOI Securities | 1.04% |
| Nuclear Power Corpn. Of India Ltd Debenture 8.13 28/03/2028 | Energy & Utilities | Debenture | 0.95% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 191A 6.47 BD 30MY28 FVRS1LAC | Financial | Bonds | 0.92% |
| POWER FINANCE CORPORATION LIMITED SR 250A 6.61 BD 15JL28 FVRS1LAC | Financial | Bonds | 0.91% |
| BAJAJ FINANCE LIMITED 7.79 NCD 04JL36 FVRS1LAC | Financial | Non Convertible Debenture | 0.90% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11AUG27 | Financial | Certificate of Deposit | 0.85% |
| EXPORT IMPORT BANK OF INDIA SR Z01 7.45 BD 12AP28 FVRS1LAC | Financial | Debenture | 0.63% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SERIES MIF 1A 6.57 LOA 01JU27 FVRS10LAC | Financial | Debenture | 0.61% |
| GOVERNMENT OF INDIA 37847 182 DAYS TBILL 18FB27 FV RS 100 | Financial | Treasury Bills | 0.59% |
| GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100 | Entities | GOI Securities | 0.59% |
| Others Class A2 AIF | Unspecified | Alternative Investment Fund | 0.33% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR III 7.34 BD 26FB29 FVRS1LAC | Financial | Bonds | 0.32% |
| GOVERNMENT OF INDIA 33071 GOI 19JU53 7.3 FV RS 100 | Entities | GOI Securities | 0.30% |
| Net Payables | Unspecified | Net Payables | -5.97% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹500
Min. for SIP
₹200
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +7.3% | +6.3% | +7.0% | +7.3% |
| Category average (Debt Banking and PSU) | +7.3% | +5.7% | +7.1% | -- |
| Rank (Debt Banking and PSU) | 5 | 6 | 10 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed as per your Income Tax slab.
Check past data
Fund management
PHSPratik Harish ShroffSep 2023 - PresentView details
PHS
Pratik Harish Shroff
Sep 2023 - Present
View details
RSRahul SinghOct 2025 - PresentView details
RS
Rahul Singh
Oct 2025 - Present
View details
About LIC MF Banking & PSU Debt Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Pratik Harish Shroff is the Current Fund Manager of LIC MF Banking & PSU Debt Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹51,563 Cr and the Latest NAV as of 15 Sep 2026 is ₹40.04.
The LIC MF Banking & PSU Debt Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000.
;
Investment Objective
The Scheme seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Fund benchmarkNifty Banking & PSU Debt Index A-II
Fund house
Rank (total assets)#20 in India
Total AUM₹51,562.63 Cr
Date of Incorporation20 Apr 1994
Launch Date20 Apr 1994
AddressIndustrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,