How to Invest in LIC MF Banking & PSU Debt Fund Direct IDCW Daily?

You can easily invest in LIC MF Banking & PSU Debt Fund Direct IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for LIC MF Banking & PSU Debt Fund Direct IDCW Daily from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in LIC MF Banking & PSU Debt Fund Direct IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does LIC MF Banking & PSU Debt Fund Direct IDCW Daily provide?

The LIC MF Banking & PSU Debt Fund Direct IDCW Daily has been there from 03 Jan 2013 and the average annual returns provided by this fund is 6.71% since its inception.

How much expense ratio is charged by LIC MF Banking & PSU Debt Fund Direct IDCW Daily?

The term Expense Ratio used for LIC MF Banking & PSU Debt Fund Direct IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of LIC MF Banking & PSU Debt Fund Direct IDCW Daily is 0.28% as of 07 Dec 2023...

What is the AUM of LIC MF Banking & PSU Debt Fund Direct IDCW Daily?

The AUM, short for Assets Under Management of LIC MF Banking & PSU Debt Fund Direct IDCW Daily is ₹1,114.94Cr as of 07 Dec 2023.

How to Redeem LIC MF Banking & PSU Debt Fund Direct IDCW Daily?

If you want to sell your LIC MF Banking & PSU Debt Fund Direct IDCW Daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of LIC MF Banking & PSU Debt Fund Direct IDCW Daily?

You can select either SIP or Lumpsum investment of LIC MF Banking & PSU Debt Fund Direct IDCW Daily based on your investment objective and risk tolerance.

What is the NAV of LIC MF Banking & PSU Debt Fund Direct IDCW Daily?

The NAV of LIC MF Banking & PSU Debt Fund Direct IDCW Daily is ₹13.28 as of 06 Dec 2023.

What is the PE and PB ratio of LIC MF Banking & PSU Debt Fund Direct IDCW Daily?

The PE ratio ratio of LIC MF Banking & PSU Debt Fund Direct IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

LIC MF Banking & PSU Debt Fund Direct IDCW Daily - NAV, Mutual Fund Performance & Portfolio

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LIC MF Banking & PSU Debt Fund Direct IDCW Daily
Debt
Banking and PSU
Moderate Risk
Payout
4.45%
3Y annualised
+0.04% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 06 Dec 2023₹13.28
Min. SIP amount₹1,000
Rating3
Fund size₹1,114.94Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
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 returns6.7%4.5%6.7%7.3%
Category average6.3%4.4%6.6%NA
Rank with in category121312NA
Understand terms
Holdings (32)NameSectorInstrumentAssets
REC Ltd.
FinancialDebenture7.0%
Power Grid Corporation Of India Ltd.
EnergyBonds4.8%
National Bank For Agriculture & Rural Development
FinancialDebenture4.7%
Bajaj Finance Ltd.
FinancialDebenture4.7%
NTPC Ltd.
EnergyNCD4.7%
Indian Railway Finance Corporation Ltd.
FinancialBonds/NCD4.6%
State Bank of India
FinancialDebenture4.5%
Bank Of Baroda
FinancialDebenture4.5%
Small Industries Devp. Bank of India Ltd.
FinancialNCD4.5%
GOI
SovereignGOI Sec4.5%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Banking and PSU
Pros
Cons
Exit load is zero
10Y annualised returns lower than category average by 0.18%
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, 3Y and 5Y
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
03 Dec 2023 - Present
0.28%
02 Dec 2023 - 03 Dec 2023
0.28%
01 Dec 2023 - 02 Dec 2023
0.28%
30 Nov 2023 - 01 Dec 2023
0.28%
29 Nov 2023 - 30 Nov 2023
0.28%
28 Nov 2023 - 29 Nov 2023
0.28%
27 Nov 2023 - 28 Nov 2023
0.28%
26 Nov 2023 - 27 Nov 2023
0.28%
25 Nov 2023 - 26 Nov 2023
0.28%
24 Nov 2023 - 25 Nov 2023
0.28%
23 Nov 2023 - 24 Nov 2023
0.28%
22 Nov 2023 - 23 Nov 2023
0.28%
21 Nov 2023 - 22 Nov 2023
0.28%
20 Nov 2023 - 21 Nov 2023
0.28%
19 Nov 2023 - 20 Nov 2023
0.28%
18 Nov 2023 - 19 Nov 2023
0.28%
17 Nov 2023 - 18 Nov 2023
0.28%
16 Nov 2023 - 17 Nov 2023
0.28%
15 Nov 2023 - 16 Nov 2023
0.28%
14 Nov 2023 - 15 Nov 2023
0.28%
13 Nov 2023 - 14 Nov 2023
0.28%
12 Nov 2023 - 13 Nov 2023
0.28%
11 Nov 2023 - 12 Nov 2023
0.28%
10 Nov 2023 - 11 Nov 2023
0.28%
09 Nov 2023 - 10 Nov 2023
0.28%
08 Nov 2023 - 09 Nov 2023
0.28%
07 Nov 2023 - 08 Nov 2023
0.28%
06 Nov 2023 - 07 Nov 2023
0.28%
05 Nov 2023 - 06 Nov 2023
0.28%
04 Nov 2023 - 05 Nov 2023
0.28%
03 Nov 2023 - 04 Nov 2023
0.28%
02 Nov 2023 - 03 Nov 2023
0.28%
01 Nov 2023 - 02 Nov 2023
0.28%
31 Oct 2023 - 01 Nov 2023
0.28%
30 Oct 2023 - 31 Oct 2023
0.28%
29 Oct 2023 - 30 Oct 2023
0.28%
28 Oct 2023 - 29 Oct 2023
0.28%
27 Oct 2023 - 28 Oct 2023
0.28%
26 Oct 2023 - 27 Oct 2023
0.28%
25 Oct 2023 - 26 Oct 2023
0.28%
24 Oct 2023 - 25 Oct 2023
0.28%
23 Oct 2023 - 24 Oct 2023
0.28%
22 Oct 2023 - 23 Oct 2023
0.28%
21 Oct 2023 - 22 Oct 2023
0.28%
20 Oct 2023 - 21 Oct 2023
0.28%
19 Oct 2023 - 20 Oct 2023
0.28%
18 Oct 2023 - 19 Oct 2023
0.28%
17 Oct 2023 - 18 Oct 2023
0.28%
16 Oct 2023 - 17 Oct 2023
0.28%
15 Oct 2023 - 16 Oct 2023
0.28%
14 Oct 2023 - 15 Oct 2023
0.28%
13 Oct 2023 - 14 Oct 2023
0.28%
12 Oct 2023 - 13 Oct 2023
0.28%
11 Oct 2023 - 12 Oct 2023
0.28%
10 Oct 2023 - 11 Oct 2023
0.28%
09 Oct 2023 - 10 Oct 2023
0.28%
08 Oct 2023 - 09 Oct 2023
0.28%
07 Oct 2023 - 08 Oct 2023
0.28%
06 Oct 2023 - 07 Oct 2023
0.28%
05 Oct 2023 - 06 Oct 2023
0.28%
04 Oct 2023 - 05 Oct 2023
0.28%
03 Oct 2023 - 04 Oct 2023
0.28%
02 Oct 2023 - 03 Oct 2023
0.28%
01 Oct 2023 - 02 Oct 2023
0.28%
30 Sep 2023 - 01 Oct 2023
0.28%
29 Sep 2023 - 30 Sep 2023
0.28%
28 Sep 2023 - 29 Sep 2023
0.28%
27 Sep 2023 - 28 Sep 2023
0.28%
26 Sep 2023 - 27 Sep 2023
0.28%
25 Sep 2023 - 26 Sep 2023
0.28%
24 Sep 2023 - 25 Sep 2023
0.28%
23 Sep 2023 - 24 Sep 2023
0.28%
22 Sep 2023 - 23 Sep 2023
0.28%
21 Sep 2023 - 22 Sep 2023
0.28%
20 Sep 2023 - 21 Sep 2023
0.28%
19 Sep 2023 - 20 Sep 2023
0.28%
18 Sep 2023 - 19 Sep 2023
0.28%
17 Sep 2023 - 18 Sep 2023
0.28%
16 Sep 2023 - 17 Sep 2023
0.28%
15 Sep 2023 - 16 Sep 2023
0.28%
14 Sep 2023 - 15 Sep 2023
0.28%
13 Sep 2023 - 14 Sep 2023
0.28%
12 Sep 2023 - 13 Sep 2023
0.28%
11 Sep 2023 - 12 Sep 2023
0.28%
10 Sep 2023 - 11 Sep 2023
0.28%
09 Sep 2023 - 10 Sep 2023
0.28%
08 Sep 2023 - 09 Sep 2023
0.28%
07 Sep 2023 - 08 Sep 2023
0.28%
06 Sep 2023 - 07 Sep 2023
0.28%
05 Sep 2023 - 06 Sep 2023
0.28%
04 Sep 2023 - 05 Sep 2023
0.28%
03 Sep 2023 - 04 Sep 2023
0.28%
02 Sep 2023 - 03 Sep 2023
0.28%
01 Sep 2023 - 02 Sep 2023
0.28%
31 Aug 2023 - 01 Sep 2023
0.28%
31 Jul 2023 - 31 Aug 2023
0.28%
30 Jun 2023 - 31 Jul 2023
0.28%
31 May 2023 - 30 Jun 2023
0.28%
30 Apr 2023 - 31 May 2023
0.28%
31 Mar 2023 - 30 Apr 2023
0.28%
28 Feb 2023 - 31 Mar 2023
0.28%
31 Jan 2023 - 28 Feb 2023
0.28%
31 Dec 2022 - 31 Jan 2023
0.28%
31 Dec 2022 - 31 Dec 2022
0.28%
31 Dec 2022 - 31 Dec 2022
0.28%
30 Nov 2022 - 31 Dec 2022
0.28%
30 Nov 2022 - 30 Nov 2022
0.28%
30 Nov 2022 - 30 Nov 2022
0.28%
31 Oct 2022 - 30 Nov 2022
0.28%
31 Oct 2022 - 31 Oct 2022
0.28%
31 Oct 2022 - 31 Oct 2022
0.28%
31 Oct 2022 - 31 Oct 2022
0.28%
30 Sep 2022 - 31 Oct 2022
0.28%
30 Sep 2022 - 30 Sep 2022
0.28%
30 Sep 2022 - 30 Sep 2022
0.28%
31 Aug 2022 - 30 Sep 2022
0.28%
31 Aug 2022 - 31 Aug 2022
0.28%
31 Jul 2022 - 31 Aug 2022
0.28%
31 Jul 2022 - 31 Jul 2022
0.28%
30 Jun 2022 - 31 Jul 2022
0.28%
30 Jun 2022 - 30 Jun 2022
0.28%
31 May 2022 - 30 Jun 2022
0.28%
31 May 2022 - 31 May 2022
0.28%
30 Apr 2022 - 31 May 2022
0.28%
30 Apr 2022 - 30 Apr 2022
0.28%
31 Mar 2022 - 30 Apr 2022
0.28%
31 Mar 2022 - 31 Mar 2022
0.28%
28 Feb 2022 - 31 Mar 2022
0.28%
28 Feb 2022 - 28 Feb 2022
0.28%
31 Jan 2022 - 28 Feb 2022
0.28%
31 Dec 2021 - 31 Jan 2022
0.28%
30 Nov 2021 - 31 Dec 2021
0.28%
31 Oct 2021 - 30 Nov 2021
0.28%
30 Sep 2021 - 31 Oct 2021
0.28%
31 Aug 2021 - 30 Sep 2021
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.
Understand terms
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
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
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct Growth
LIC MF Medium to Long Duration Bond Fund Direct Growth
LIC MF Gilt Fund Direct Growth
LIC MF Children's Gift Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series I Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series 2 Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series 3 Direct Growth
LIC MF Arbitrage Fund Direct Growth
LIC MF Short Duration Fund Direct Growth
LIC MF Equity Savings Fund Direct Growth
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
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct Growth
LIC MF Medium to Long Duration Bond Fund Direct Growth
LIC MF Gilt Fund Direct Growth
LIC MF Children's Gift Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct Growth
LIC MF Arbitrage Fund Direct Growth
LIC MF Short Duration Fund Direct Growth
LIC MF Equity Savings Fund Direct Growth
Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹17,913.46Cr
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 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 ₹17,913 Cr and the Latest NAV as of 06 Dec 2023 is ₹13.28.
The LIC MF Banking & PSU Debt Fund Direct IDCW Daily is rated Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe 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 and PSU Debt Index
Scheme Information Document(SID)
Fund house contact details
Address
Industrial Assurance Building4th Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016000 / 1800-258-5678
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
www.karvymfs.com
Compare funds
LIC MF Banking & PSU Debt Fund Direct IDCW Daily
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Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	6.7%	4.5%	6.7%	7.3%
Category average	6.3%	4.4%	6.6%	NA
Rank with in category	12	13	12	NA

Name	Sector	Instrument	Assets
REC Ltd.	Financial	Debenture	7.0%
Power Grid Corporation Of India Ltd.	Energy	Bonds	4.8%
National Bank For Agriculture & Rural Development	Financial	Debenture	4.7%
Bajaj Finance Ltd.	Financial	Debenture	4.7%
NTPC Ltd.	Energy	NCD	4.7%
Indian Railway Finance Corporation Ltd.	Financial	Bonds/NCD	4.6%
State Bank of India	Financial	Debenture	4.5%
Bank Of Baroda	Financial	Debenture	4.5%
Small Industries Devp. Bank of India Ltd.	Financial	NCD	4.5%
GOI	Sovereign	GOI Sec	4.5%

Rank (total assets)	#20 in India
Total AUM	₹17,913.46Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	NIFTY Banking and PSU Debt Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹500

Rating	3
Fund size	₹1,114.94Cr

LIC MF Banking & PSU Debt Fund Direct IDCW Daily

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (32)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.28%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Marzban IraniAug 2016 - PresentView details

Pratik Harish ShroffSep 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Marzban Irani
Aug 2016 - Present
View details

Pratik Harish Shroff
Sep 2023 - Present
View details