Debt
Direct
Banking & Psu
NAV as on 06-09-2024
₹ 34.95
Inception Returns
7.4%
/yr
LIC MF Banking & PSU Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani, Sanjay Pawar. This fund is suitable to keep your money safe.
LIC MF Banking & PSU Fund Direct Growth has given a CAGR return of 7.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.96%, 5.76% and 6.18% respectively.
LIC MF Banking & PSU Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, Export-Import Bank of India 7.45%, Small Industries Development Bank Of India, Power Grid Corporation Of India Limited, Small Industries Development Bank Of India
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The primary investment objective of the Scheme is to 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. There is no assurance that the investment objective of the Scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Banking & PSU Fund Direct Growth has no lock in period.
Expense ratio | 0.28% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹1507 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 123.98% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
LIC MF Banking & PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.69% | 0.69% |
6 Month Returns | 4.1% | 4.1% |
1 Year Returns | 7.96% | 7.96% |
3 Years Returns | 18.28% | 5.76% |
5 Years Returns | 34.95% | 6.18% |
AAA | 100 |