1M
6M
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| NAV: 22 Nov 2024 | ₹35.52 |
| Min. SIP amount | ₹200 |
| Rating | 3 |
| 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
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 8.4% | 6.2% | 6.1% | 7.4% |
| Category average | 7.9% | 5.7% | 6.2% | NA |
| Rank with in category | 6 | 9 | 13 | NA |
Understand terms
Peer Comparison
| Debt, Banking and PSU funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
ICICI Prudential Banking & PSU Debt Direct Growth | 5 | 8.2% | 6.6% | 8,929.75 |
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth | 4 | 8.3% | 6.3% | 9,341.66 |
HDFC Banking and PSU Debt Fund Direct Growth | 4 | 8.3% | 6.2% | 5,748.27 |
Bandhan Banking & PSU Debt Fund Direct Growth | 4 | 7.9% | 6.1% | 13,434.76 |
Axis Banking & PSU Debt Direct Plan Growth | 4 | 7.9% | 6.1% | 13,159.60 |
Holdings (48)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 7.99% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 4.35% |
Export-Import Bank Of India | Financial | Debenture | 4.25% |
NLC India Ltd. | Energy | NCD | 3.40% |
Small Industries Devp. Bank of India Ltd. | Financial | NCD | 3.22% |
Power Grid Corporation Of India Ltd. | Energy | Bonds | 2.84% |
Bajaj Finance Ltd. | Financial | Debenture | 2.82% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 2.81% |
Indian Railway Finance Corporation Ltd. | Financial | Bonds/NCD | 2.79% |
National Housing Bank | Financial | Debenture | 2.77% |
NTPC Ltd. | Energy | NCD | 2.77% |
National Housing Bank | Financial | Debenture | 2.74% |
REC Ltd. | Financial | Debenture | 2.74% |
Bank Of Baroda | Financial | Debenture | 2.72% |
Power Finance Corporation Ltd. | Financial | Debenture | 2.68% |
Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | Debenture | 2.67% |
ICICI Bank Ltd. | Financial | Money Mkt | 2.60% |
Axis Bank Ltd. | Financial | CD | 2.51% |
HDFC Bank Ltd. | Financial | CD | 2.50% |
NHPC Ltd. | Energy | NCD | 2.44% |
Gujarat State | Construction | SDL | 2.24% |
GOI | Sovereign | GOI Sec | 1.88% |
REC Ltd. | Financial | Debenture | 1.61% |
National Highways Authority of India Ltd. | Services | Debenture | 1.45% |
Power Finance Corporation Ltd. | Financial | Debenture | 1.43% |
Power Finance Corporation Ltd. | Financial | NCD | 1.42% |
Power Finance Corporation Ltd. | Financial | NCD | 1.41% |
Power Finance Corporation Ltd. | Financial | Debenture | 1.39% |
REC Ltd. | Financial | Debenture | 1.39% |
Indian Railway Finance Corporation Ltd. | Financial | Debenture | 1.39% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 1.39% |
Indian Railway Finance Corporation Ltd. | Financial | Debenture | 1.38% |
HDFC Bank Ltd. | Financial | Debenture | 1.38% |
Maharashtra State | Others | SDL | 1.38% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 1.37% |
REC Ltd. | Financial | Debenture | 1.37% |
Indian Railway Finance Corporation Ltd. | Financial | NCD | 1.36% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 1.36% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 1.35% |
Punjab National Bank | Financial | CD | 1.33% |
Maharashtra State | Others | SDL | 1.12% |
Maharashtra State | Others | SDL | 0.86% |
GAIL (India) Ltd. | Energy | Debenture | 0.85% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 0.81% |
Maharashtra State | Others | SDL | 0.56% |
Axis Bank Ltd. | Financial | Debenture | 0.55% |
Maharashtra State | Others | SDL | 0.55% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 0.27% |
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 IraniAug 2016 - PresentView details
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 ShroffSep 2023 - PresentView details
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
E-mail
[email protected]Website
www.licmf.com
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
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