LIC MF Banking & PSU Debt Fund Direct IDCW Weekly

Debt
Banking and PSU
Moderate Risk
Payout
4.73%
3Y annualised
0.00% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 22 Sep 2023₹10.05
Min. SIP amount₹1,000
Rating3
Fund size₹1,118.38Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns7.0%4.7%7.0%7.4%
Category average6.6%4.8%6.9%NA
Rank with in category111613NA
Understand terms

Holdings (29)

NameSectorInstrumentAssets
FinancialDebenture9.2%
State Bank of India
FinancialCD6.7%
National Housing Bank
FinancialNCD5.4%
SovereignGOI Sec4.8%
Small Industries Devp. Bank of India Ltd.
FinancialNCD4.8%
EnergyBonds4.7%
National Bank For Agriculture & Rural Development
FinancialDebenture4.6%
FinancialDebenture4.6%
NTPC Ltd.
EnergyNCD4.6%
EnergyDebenture4.5%
See All

Pros and cons

Category: Debt Banking and PSU

Pros

Cons

Exit load is zero
3Y and 10Y annualised returns lower than category average
Lower expense ratio: 0.28%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
1Y and 5Y annualised returns higher than category average

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.

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

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

Sanjay Pawar
Jan 2022 - Present
View details

Education
Mr. Pawar is a B.Com, MBA
Experience
Prior to joining LIC Mutual Fund, he has worked with Taurus Mutual Fund, Edelweiss Securities Ltd., CRISIL Limited, ICAP.
Also manages these schemes

Fund house & investment objective

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
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,

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