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LIC MF Banking & PSU Fund Direct Growth
Debt
Banking and PSU
Moderate Risk
+7.56%
3Y annualised
-0.05% 1D
NAV: 19 Jan '26
₹38.55
Min. SIP amount
₹200
Fund size
₹1,873.26 Cr
Expense ratio
0.28%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,995 | +3.33% | |
| 3 years | ₹1,80,000 | ₹2,00,055 | +11.14% | |
| 5 years | ₹3,00,000 | ₹3,50,644 | +16.88% | |
| 10 years | ₹6,00,000 | ₹8,49,703 | +41.62% |
Holdings (48)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| National Highways Authority of India Ltd. | Services | Debenture | 5.98% |
| Export-Import Bank Of India | Financial | Bonds | 4.05% |
| Indian Railway Finance Corporation Ltd. | Financial | NCD | 3.99% |
| HDFC Bank Ltd. | Financial | CD | 3.85% |
| GOI | Sovereign | GOI Sec | 3.63% |
| NLC India Ltd. | Energy | NCD | 3.47% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds | 3.02% |
| Power Finance Corporation Ltd. | Financial | NCD | 2.89% |
| National Housing Bank | Financial | Debenture | 2.82% |
| REC Ltd. | Financial | Debenture | 2.81% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 2.76% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 2.75% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | Debenture | 2.71% |
| Jio Credit Ltd. | Financial | Bonds/NCD | 2.70% |
| Indian Bank | Financial | CD | 2.63% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 2.62% |
| Bank Of Baroda | Financial | CD | 2.60% |
| Axis Bank Ltd. | Financial | CD | 2.57% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 2.55% |
| HDFC Bank Ltd. | Financial | CD | 2.51% |
| GOI | Sovereign | GOI Sec | 2.17% |
| Power Grid Corporation Of India Ltd. | Energy | Debenture | 1.66% |
| GOI | Sovereign | GOI Sec | 1.61% |
| National Highways Authority of India Ltd. | Services | Debenture | 1.47% |
| Nuclear Power Corpn. Of India Ltd. | Energy | Debenture | 1.45% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 1.42% |
| GOI | Sovereign | GOI Sec | 1.42% |
| National Housing Bank | Financial | Debenture | 1.42% |
| Power Finance Corporation Ltd. | Financial | NCD | 1.42% |
| REC Ltd. | Financial | Debenture | 1.41% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds | 1.41% |
| Nuclear Power Corpn. Of India Ltd. | Energy | Debenture | 1.40% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 1.40% |
| NTPC Ltd. | Energy | NCD | 1.40% |
| REC Ltd. | Financial | Bonds | 1.39% |
| Housing & Urban Development Corporation Ltd. | Financial | NCD | 1.37% |
| Power Finance Corporation Ltd. | Financial | Bonds/NCD | 1.36% |
| HDFC Bank Ltd. | Financial | CD | 1.32% |
| Bank Of Baroda | Financial | CD | 1.30% |
| GOI | Sovereign | GOI Sec | 1.15% |
| GOI | Sovereign | CGL | 1.08% |
| Nuclear Power Corpn. Of India Ltd. | Energy | Debenture | 0.84% |
| Power Finance Corporation Ltd. | Financial | Bonds | 0.83% |
| Indian Railway Finance Corporation Ltd. | Financial | Bonds | 0.83% |
| Export-Import Bank Of India | Financial | Debenture | 0.58% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 0.55% |
| GOI | Sovereign | GOI Sec | 0.28% |
| GOI | Sovereign | GOI Sec | 0.14% |
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 | +7.6% | +6.0% | +7.3% | +7.4% |
| Category average (Debt Banking and PSU) | +7.3% | +5.7% | +7.1% | -- |
| Rank (Debt Banking and PSU) | 4 | 11 | 11 | -- |
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) | |
|---|---|---|---|---|
ICICI Prudential Banking & PSU Debt Direct Growth | +7.42% | +7.77% | 9,727.95 | |
UTI Banking & PSU Fund Direct Growth | +7.63% | +7.45% | 1,014.91 | |
TRUSTMF Banking & PSU Fund Direct Growth | +7.29% | +7.43% | 131.79 | |
Axis Banking & PSU Debt Direct Plan Growth | +7.27% | +7.27% | 13,573.62 | |
Bandhan Banking and PSU Fund Direct Growth | +6.92% | +7.27% | 12,650.77 | |
| Compare | ||||
Fund management
RSRahul SinghOct 2025 - PresentView details
RS
Rahul Singh
Oct 2025 - Present
View details
PHSPratik Harish ShroffSep 2023 - PresentView details
PHS
Pratik Harish Shroff
Sep 2023 - Present
View details
About LIC MF Banking & PSU Fund Direct Growth
LIC MF Banking & PSU 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. Rahul Singh is the Current Fund Manager of LIC MF Banking & PSU Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹45,363 Cr and the Latest NAV as of 19 Jan 2026 is ₹38.55.
The LIC MF Banking & PSU Fund Direct Growth is rated 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₹45,363.42 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,