LIC MF Banking & PSU Fund Direct Growth

Debt
Banking and PSU
Moderate Risk
6.28%
3Y annualised
-0.08% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 06 Dec 2024₹35.68
Min. SIP amount₹200
Rating3
Fund size₹1,591.08Cr

Return calculator

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

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns8.7%6.3%6.2%7.4%
Category average8.1%5.8%6.3%NA
Rank with in category6913NA
Understand terms

Holdings (48)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec7.99%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture4.35%
Export-Import Bank Of India
FinancialDebenture4.25%
EnergyNCD3.40%
Small Industries Devp. Bank of India Ltd.
FinancialNCD3.22%
EnergyBonds2.84%
FinancialDebenture2.82%
National Bank For Agriculture & Rural Development
FinancialDebenture2.81%
FinancialBonds/NCD2.79%
FinancialDebenture2.77%
NTPC Ltd.
EnergyNCD2.77%
National Housing Bank
FinancialDebenture2.74%
FinancialDebenture2.74%
FinancialDebenture2.72%
Power Finance Corporation Ltd.
FinancialDebenture2.68%
Jamnagar Utilities and Power Pvt. Ltd.
Capital GoodsDebenture2.67%
ICICI Bank Ltd.
FinancialMoney Mkt2.60%
Axis Bank Ltd.
FinancialCD2.51%
HDFC Bank Ltd.
FinancialCD2.50%
NHPC Ltd.
EnergyNCD2.44%
Gujarat State
ConstructionSDL2.24%
SovereignGOI Sec1.88%
FinancialDebenture1.61%
ServicesDebenture1.45%
FinancialDebenture1.43%
FinancialNCD1.42%
FinancialNCD1.41%
FinancialDebenture1.39%
REC Ltd.
FinancialDebenture1.39%
FinancialDebenture1.39%
National Bank For Agriculture & Rural Development
FinancialDebenture1.39%
Indian Railway Finance Corporation Ltd.
FinancialDebenture1.38%
HDFC Bank Ltd.
FinancialDebenture1.38%
Maharashtra State
OthersSDL1.38%
National Bank For Agriculture & Rural Development
FinancialDebenture1.37%
REC Ltd.
FinancialDebenture1.37%
Indian Railway Finance Corporation Ltd.
FinancialNCD1.36%
National Bank For Agriculture & Rural Development
FinancialDebenture1.36%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture1.35%
Punjab National Bank
FinancialCD1.33%
Maharashtra State
OthersSDL1.12%
Maharashtra State
OthersSDL0.86%
EnergyDebenture0.85%
National Bank For Agriculture & Rural Development
FinancialDebenture0.81%
Maharashtra State
OthersSDL0.56%
Axis Bank Ltd.
FinancialDebenture0.55%
Maharashtra State
OthersSDL0.55%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture0.27%
See All

Pros and cons

Category: Debt Banking and PSU

Pros

Exit load is zero
Lower expense ratio: 0.28%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Consistently higher annualised returns than category average for the past 1Y and 3Y

Cons

5Y and 10Y annualised returns lower than category average

Expense ratio, exit load and tax

Expense ratio: 0.28%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹200

Fund management

Marzban Irani
Aug 2016 - Present
View details

Education
Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.
Experience
Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.
Also manages these schemes

Pratik Harish Shroff
Sep 2023 - Present
View details

Education
Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta
Experience
Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
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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