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LIC MF Banking & PSU Debt Fund IDCW Weekly

Debt
Banking and PSU
Low to Moderate Risk
Payout
5.44%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 Jun 2022₹10.04
Min. SIP amountNA
Rating2
Fund size₹1,302.19Cr

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns2.3%5.4%6.3%7.1%
Category average4.4%8.4%7.7%NA
Rank with in category131511NA
Understand terms

Holdings (33)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec8.0%
GOI
SovereignCGL6.0%
Indian Railway Finance Corporation Ltd.FinancialDebenture5.8%
Axis Bank Ltd.
FinancialCD5.7%
National Housing BankFinancialDebenture4.0%
Housing & Urban Development Corporation Ltd.FinancialDebenture4.0%
Hindustan Petroleum Corporation Ltd.EnergyDebenture3.9%
Bharat Petroleum Corporation Ltd.EnergyCP3.8%
HDFC Bank Ltd.
FinancialCD3.8%
Oil & Natural Gas Corporation Ltd.EnergyDebenture3.8%
See All

Expense ratio, exit load and tax

Expense ratio: 0.83%

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 investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

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
Website
NA
Amc Image
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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FAQs

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

You can easily invest in LIC MF Banking & PSU Debt Fund IDCW Weekly 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 IDCW Weekly 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 IDCW Weekly as SIP or lumpsum as per your investment objective and risk tolerance

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

The LIC MF Banking & PSU Debt Fund IDCW Weekly has been there from 30 May 2007 and the average annual returns provided by this fund is 2.25% since its inception.

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

The term Expense Ratio used for LIC MF Banking & PSU Debt Fund IDCW Weekly 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 IDCW Weekly is 0.83% as of 25 Jun 2022...

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

The AUM, short for Assets Under Management of LIC MF Banking & PSU Debt Fund IDCW Weekly is ₹1,302.19Cr as of 25 Jun 2022.

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

If you want to sell your LIC MF Banking & PSU Debt Fund IDCW Weekly 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 IDCW Weekly?

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

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

The NAV of LIC MF Banking & PSU Debt Fund IDCW Weekly is ₹10.04 as of 24 Jun 2022.

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

The PE ratio ratio of LIC MF Banking & PSU Debt Fund IDCW Weekly 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).

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