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Home>Mutual Funds>LIC Mutual Fund>LIC MF Banking & PSU Debt Fund Direct IDCW Weekly

LIC MF Banking & PSU Debt Fund Direct IDCW Weekly

Debt
Banking and PSU
Low to Moderate Risk
Payout
7.37%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 Jan 2022₹10.05
Min. SIP amount₹1,000
Rating2
Fund size₹1,570.88Cr

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.6%7.4%7.4%7.7%
Category average4.4%8.4%7.7%NA
Rank with in category171510NA
Understand terms

Holdings (37)

NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills10.3%
FinancialCP6.3%
HDFC Bank Ltd.
FinancialCD6.3%
GOI
SovereignGOI Sec5.4%
Axis Bank Ltd.
FinancialCD4.8%
FinancialDebenture4.6%
EnergyDebenture4.5%
FinancialDebenture3.3%
EnergyNCD3.3%
FinancialDebenture3.3%
See All

Pros and cons

Category: Debt Banking and PSU

Pros

Exit load is zero
Lower expense ratio: 0.28%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 0.28%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

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

Fund management

Marzban Irani
Aug 2016 - Present
View details
Sanjay Pawar
Jan 2022 - Present
View details

Fund house & investment objective

Fund house contact details

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