Fund Details
LIC MF Banking & PSU Debt Fund Direct Dividend Daily
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.28% |
| NAV | ₹11.63 (02 Mar 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹2,622 Cr |
Returns
Comparison
1. Lower expense ratio - 0.28%
2. 3Y Returns are higher than the category average returns
3. Exit load is zero
1. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 7.2% |
| REC Ltd. | Financial | NCD | 6.1% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 5.7% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 5.7% |
| Bank Of Baroda | Financial | CD | 5.7% |
| GOI | Sovereign | GOI Sec | 5.4% |
| Axis Bank Ltd. | Financial | CD | 4.8% |
| Indian Oil Corpn. Ltd. | Energy | Debenture | 4.0% |
| Hindustan Petroleum Corpn. Ltd. | Energy | CP | 3.8% |
| National Housing Bank | Financial | NCD | 3.8% |
Fund Managers
LIC MF Banking & PSU Debt Fund Direct Dividend Daily Details
LIC MF Banking & PSU Debt Fund Direct Dividend 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 Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹2,622 Cr and the Latest NAV as of 02 Mar 2021 is ₹11.63.
The LIC MF Banking & PSU Debt Fund Direct Dividend Daily is rated 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.
