Fund Details
LIC MF Banking & PSU Debt Fund Direct IDCW Daily
| Risk | Low to Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.28% |
| NAV | ₹11.79 (12 May 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹2,234 Cr |
Returns
Comparison
1. Lower expense ratio - 0.28%
2. 3Y Returns are higher than the category average returns
3. Exit load is zero
4. 5Y Returns are higher than the category average returns
1. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 6.9% |
| Bank Of Baroda | Financial | CD | 6.8% |
| Indian Oil Corpn. Ltd. | Energy | Debenture | 6.0% |
| National Highways Authority of India Ltd. | Services | NCD | 4.8% |
| National Housing Bank | Financial | NCD | 4.6% |
| Export-Import Bank Of India | Financial | CD | 4.6% |
| GOI | Sovereign | GOI Sec | 3.5% |
| Indian Oil Corpn. Ltd. | Energy | Debenture | 3.1% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 2.9% |
| GOI | Sovereign | GOI Sec | 2.9% |
Fund Managers
LIC MF Banking & PSU Debt Fund Direct IDCW Daily Details
LIC MF Banking & PSU Debt Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Marzban Irani is the Current Fund Manager of LIC MF Banking & PSU Debt Fund Direct IDCW Daily fund.The fund currently has an Asset Under Management(AUM) of ₹2,234 Cr and the Latest NAV as of 12 May 2021 is ₹11.79.
The LIC MF Banking & PSU Debt Fund Direct IDCW Daily is rated Low to Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
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.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
