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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
LIC MF Banking & PSU Debt Fund Direct Growth
+7.36%
3Y annualised
+0.04% 1D
NAV: 25 Aug '26
₹39.99
Min. for SIP
₹200
Fund size (AUM)
₹1,869.28 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 (51)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| NATIONAL HIGHWAYS AUTHORITY OF INDIA SERIES IV 8.37 BD 21JN29 FVRS10LAC | Industrials | Debenture | 5.73% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR III 7.34 BD 26FB29 FVRS1LAC | Financial | Bonds | 4.53% |
| Repo | Unspecified | Repo | 4.11% |
| GOVERNMENT OF INDIA 37705 091 DAYS TBILL 29OT26 FV RS 100 | Financial | Treasury Bills | 3.96% |
| CANARA BANK CD 28JAN27 | Financial | Certificate of Deposit | 3.88% |
| 7.71% GOI 18-May-2066 | Entities | GOI Securities | 3.38% |
| Nuclear Power Corpn. Of India Ltd. 8.14 25/03/2028 | Energy & Utilities | Debenture | 3.35% |
| NLC INDIA LIMITED SR I 8.09 LOA 29MY29 FVRS10LAC | Energy & Utilities | Non Convertible Debenture | 3.32% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC | Financial | Bonds | 2.85% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR V 7.83 BD 24NV28 FVRS1LAC | Financial | Debenture | 2.84% |
| JIO CREDIT LIMITED SR III 7.05 NCD 13OT27 FVRS1LAC | Financial | Bonds/NCDs | 2.80% |
| JAMNAGAR UTILITIES & POWER PRIVATE LIMITED SR PPD8 7.43 LOA 24OT34 FVRS1LAC | Industrials | Debenture | 2.80% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 181 7.37 BD 31JL29 FVRS1LAC | Financial | Non Convertible Debenture | 2.74% |
| BHARTI TELECOM LIMITED SR XXIX 7.75 NCD 29FB28 FVRS1LAC | Technology | Debenture | 2.74% |
| REC LIMITED SR 223B 7.46 BD 30JU28 FVRS1LAC | Financial | Debenture | 2.70% |
| HDFC BANK LIMITED CD 21DEC26 | Financial | Certificate of Deposit | 2.60% |
| KOTAK MAHINDRA BANK LIMITED CD 08JAN27 | Financial | Certificate of Deposit | 2.60% |
| BANK OF BARODA CD 11JAN27 | Financial | Certificate of Deposit | 2.59% |
| ICICI BANK LIMITED CD 27JAN27 | Financial | Certificate of Deposit | 2.59% |
| NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT CD 02MAR27 | Financial | Certificate of Deposit | 2.57% |
| INDIAN BANK CD 21JUN27 | Financial | Certificate of Deposit | 2.52% |
| POWER FINANCE CORPORATION LIMITED SR 246A 7.42 BD 15AP28 FVRS1LAC | Financial | Bonds | 2.21% |
| EXPORT IMPORT BANK OF INDIA SR-R-16 8.83 BD 03NV29 FVRS10LAC | Financial | Bonds | 2.08% |
| CANARA BANK CD 29JUN27 | Financial | Certificate of Deposit | 1.76% |
| POWER FINANCE CORPORATION LIMITED SR 253 6.73 BD 15OT27 FVRS1LAC | Financial | Bonds/NCDs | 1.40% |
| RURAL ELECTRIFICATION CORPORATION LIMITED SERIES GOI-V 8.54 BD 15NV28 FVRS10LAC | Financial | Debenture | 1.40% |
| STATE DEVELOPMENT LOAN 37276 KAR 25MR34 7.61 FV RS 100 | Unspecified | State Development Loan | 1.39% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26A 6.66 BD 12OT28 FVRS1LAC | Financial | Debenture | 1.39% |
| POWER FINANCE CORPORATION LIMITED SR 259A 6.96 BD 02MR28 FVRS1LAC | Financial | Debenture | 1.37% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24H 7.62 BD 10MY29 FVRS1LAC | Financial | Debenture | 1.37% |
| POWER FINANCE CORPORATION LTD. SR 200 7.40 BD 08MY30 FVRS10LAC | Financial | Non Convertible Debenture | 1.36% |
| REC LIMITED SR 234-B 7.58 BD 31MY29 FVRS1LAC | Financial | Debenture | 1.36% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VIII 7.49 BD 11JU29 FVRS1LAC | Financial | Bonds | 1.35% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR PC1POB1 7.43 LOA 31JN30 FVRS10LAC | Financial | Debenture | 1.34% |
| 7.23% Housing & Urban Development Corporation Limited (18/07/2029) | Financial | Debenture | 1.34% |
| TATA CAPITAL HOUSING FINANCE LIMITED SR B 7.123 NCD 21JL27 FVRS1LAC | Financial | Non Convertible Debenture | 1.33% |
| REC LIMITED SR 247 A 6.87 BD 31MY30 FVRS1LAC | Financial | Bonds | 1.33% |
| HDFC Bank Limited (25/08/2026) ** # | Financial | Certificate of Deposit | 1.33% |
| HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SR D 6.64 NCD 17JL28 FVRS1LAC | Financial | Non Convertible Debenture | 1.32% |
| BANK OF BARODA CD 15JUN27 | Financial | Certificate of Deposit | 1.26% |
| GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 | Entities | GOI Securities | 1.00% |
| Government of India | Entities | GOI Securities | 0.92% |
| Nuclear Power Corpn. Of India Ltd Debenture 8.13 28/03/2028 | Energy & Utilities | Debenture | 0.84% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 191A 6.47 BD 30MY28 FVRS1LAC | Financial | Bonds | 0.81% |
| POWER FINANCE CORPORATION LIMITED SR 250A 6.61 BD 15JL28 FVRS1LAC | Financial | Bonds | 0.80% |
| EXPORT IMPORT BANK OF INDIA SR Z01 7.45 BD 12AP28 FVRS1LAC | Financial | Debenture | 0.56% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SERIES MIF 1A 6.57 LOA 01JU27 FVRS10LAC | Financial | Debenture | 0.54% |
| Others Class A2 AIF | Unspecified | Alternative Investment Fund | 0.29% |
| GOVERNMENT OF INDIA 33071 GOI 19JU53 7.3 FV RS 100 | Entities | GOI Securities | 0.26% |
| GOVERNMENT OF INDIA 34208 GOI 08AP34 7.1 FV RS 100 | Entities | GOI Securities | 0.14% |
| Net Payables | Unspecified | Net Payables | -1.08% |
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 | +7.4% | +6.3% | +7.1% | +7.4% |
| Category average (Debt Banking and PSU) | +7.3% | +5.7% | +7.1% | -- |
| Rank (Debt Banking and PSU) | 5 | 9 | 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
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +6.63% | +7.55% | 585.13 | |
 | +6.10% | +7.44% | 1,482.56 | |
 | +6.03% | +7.40% | 8,849.66 | |
 | +6.11% | +7.23% | 12,121.96 | |
 | +5.26% | +7.16% | 8,833.13 | |
| Compare | ||||
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 ₹50,099 Cr and the Latest NAV as of 25 Aug 2026 is ₹39.99.
The LIC MF Banking & PSU Debt Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000.
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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₹50,099.49 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,