Name: LIC MF Banking & PSU Debt Fund Direct IDCW Daily
Brand: LIC Mutual Fund

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LIC MF Banking & PSU Debt Fund Direct IDCW Daily
Debt
Banking and PSU
Low to Moderate Risk
4.72%
1Y return
+0.05% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 20 Sep 2021₹11.97
Min. SIP amount₹1,000
Rating2star
Fund size₹2,214.17 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.7%8.5%7.8%8.0%
Category average4.4%8.4%7.7%NA
Rank with in category171513NA
Understand termsinfo
Holdings (51)NameSectorInstrumentAssets
National Highways Authority of India Ltd.
ServicesNCD6.7%
HDFC Bank Ltd.
FinancialCD5.6%
GOI
SovereignGOI Sec4.8%
Export-Import Bank Of India
FinancialCD4.4%
Indian Oil Corporation Ltd.
EnergyDebenture3.5%
Indian Railway Finance Corporation Ltd.
FinancialDebenture3.5%
GOI
SovereignGOI Sec3.2%
Indian Oil Corporation Ltd.
EnergyDebenture3.1%
Indian Railway Finance Corporation Ltd.
FinancialDebenture3.1%
Reliance Industries Ltd.
EnergyNCD2.5%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.28%
31 Jul 2021 - 31 Aug 2021
0.28%
30 Jun 2021 - 31 Jul 2021
0.28%
31 May 2021 - 30 Jun 2021
0.28%
30 Apr 2021 - 31 May 2021
0.28%
31 Mar 2021 - 30 Apr 2021
0.28%
28 Feb 2021 - 31 Mar 2021
0.28%
31 Jan 2021 - 28 Feb 2021
0.28%
31 Dec 2020 - 31 Jan 2021
0.28%
30 Nov 2020 - 31 Dec 2020
0.28%
31 Oct 2020 - 30 Nov 2020
0.28%
30 Sep 2020 - 31 Oct 2020
0.28%
31 Aug 2020 - 30 Sep 2020
0.28%
31 Jul 2020 - 31 Aug 2020
0.28%
30 Jun 2020 - 31 Jul 2020
0.28%
31 May 2020 - 30 Jun 2020
0.28%
30 Apr 2020 - 31 May 2020
0.28%
31 Mar 2020 - 30 Apr 2020
0.28%
29 Feb 2020 - 31 Mar 2020
0.28%
31 Jan 2020 - 29 Feb 2020
0.28%
31 Dec 2019 - 31 Jan 2020
0.28%
30 Nov 2019 - 31 Dec 2019
0.28%
31 Oct 2019 - 30 Nov 2019
0.27%
30 Sep 2019 - 31 Oct 2019
0.27%
31 Aug 2019 - 30 Sep 2019
0.27%
31 Jul 2019 - 31 Aug 2019
0.27%
30 Jun 2019 - 31 Jul 2019
0.27%
31 May 2019 - 30 Jun 2019
0.27%
30 Apr 2019 - 31 May 2019
0.28%
31 Mar 2019 - 30 Apr 2019
0.28%
28 Feb 2019 - 31 Mar 2019
0.28%
31 Jan 2019 - 28 Feb 2019
0.28%
31 Dec 2018 - 31 Jan 2019
0.27%
30 Nov 2018 - 31 Dec 2018
0.27%
31 Oct 2018 - 30 Nov 2018
0.27%
30 Sep 2018 - 31 Oct 2018
0.28%
31 Aug 2018 - 30 Sep 2018
0.28%
31 Jul 2018 - 31 Aug 2018
0.27%
30 Jun 2018 - 31 Jul 2018
0.28%
31 May 2018 - 30 Jun 2018
0.42%
30 Apr 2018 - 31 May 2018
0.42%
31 Mar 2018 - 30 Apr 2018
0.47%
28 Feb 2018 - 31 Mar 2018
0.47%
31 Jan 2018 - 28 Feb 2018
0.47%
31 Dec 2017 - 31 Jan 2018
0.47%
30 Nov 2017 - 31 Dec 2017
0.48%
31 Oct 2017 - 30 Nov 2017
0.47%
Expense ratio, exit load and taxExpense ratio: 0.28%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementMarzban Irani
Aug 2016 - Present
View details
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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.
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Fund house & investment objective
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LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM16,906.06 Cr
Date of Incorporation20 Apr 1994
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
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 20 Apr 1994. 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 ₹16,906 Cr and the Latest NAV as of 20 Sep 2021 is ₹11.97.
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. ...Read more
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 tha
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.
...Read more
Fund benchmarkNIFTY Banking and PSU Debt TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
Phone
022-66016000
Launch Date
20 Apr 1994
E-mail
[email protected]
Website
NA
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
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	4.7%	8.5%	7.8%	8.0%
Category average	4.4%	8.4%	7.7%	NA
Rank with in category	17	15	13	NA

Name	Sector	Instrument	Assets
National Highways Authority of India Ltd.	Services	NCD	6.7%
HDFC Bank Ltd.	Financial	CD	5.6%
GOI	Sovereign	GOI Sec	4.8%
Export-Import Bank Of India	Financial	CD	4.4%
Indian Oil Corporation Ltd.	Energy	Debenture	3.5%
Indian Railway Finance Corporation Ltd.	Financial	Debenture	3.5%
GOI	Sovereign	GOI Sec	3.2%
Indian Oil Corporation Ltd.	Energy	Debenture	3.1%
Indian Railway Finance Corporation Ltd.	Financial	Debenture	3.1%
Reliance Industries Ltd.	Energy	NCD	2.5%

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

Rating	2
Fund size	₹2,214.17 Cr

Rank (total assets)	#20 in India
Total AUM	16,906.06 Cr