Fund Details
LIC MF Banking & PSU Debt Fund Direct Growth
| Risk | Low to Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.28% |
| NAV | ₹29.35 (23 Jul 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹2,200 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 |
|---|---|---|---|
| National Highways Authority of India Ltd. | Services | NCD | 6.7% |
| Indian Oil Corporation Ltd. | Energy | Debenture | 5.8% |
| GOI | Sovereign | GOI Sec | 4.9% |
| NTPC Ltd. | Energy | CP | 4.5% |
| National Housing Bank | Financial | NCD | 4.4% |
| GOI | Sovereign | GOI Sec | 4.2% |
| Reserve Bank of India | Financial | T-Bills | 3.6% |
| Axis Bank Ltd. | Financial | CD | 3.4% |
| Axis Bank Ltd. | Financial | CD | 3.4% |
| Indian Oil Corporation Ltd. | Energy | Debenture | 3.1% |
Fund Managers
LIC MF Banking & PSU Debt Fund Direct Growth Details
LIC MF Banking & PSU Debt Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,200 Cr and the Latest NAV as of 23 Jul 2021 is ₹29.35.
The LIC MF Banking & PSU Debt Fund Direct Growth 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.
