LIC MF Banking & Financial Services Fund Direct Growth
NAV as on 11-04-2025
₹ 21.01
▲1.7%
1D
Inception Returns
7.7%
/yr
Historical NAV & Returns
Absolute
▲
▼
51 people have invested ₹ 1.8L in LIC MF Banking & Financial Services Fund Direct Growth in the last three months
About LIC MF Banking & Financial Services Fund Direct Growth
LIC MF Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 27 March, 2015. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Banking & Financial Services Fund Direct Growth has ₹254 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
LIC MF Banking & Financial Services Fund Direct Growth has given a CAGR return of 7.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.46%, 12.24% and 19.56% respectively.
Holdings
LIC MF Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of LIC MF Banking & Financial Services Fund Direct Growth
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Banking & Financial Services Fund Direct Growth has no lock in period.
LIC MF Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 1.05% |
Benchmark | Nifty Financial Services TR INR |
| AUM | ₹254 Cr |
| Inception Date | 27 March, 2015 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 59.76% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for LIC MF Banking & Financial Services Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Trailing Returns
as on (11-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
59%
Small cap
25.8%
Mid cap
9.8%
Sector Allocation
Financial Services
96.9%
Consumer Cyclical
1.6%
Tech
1.5%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 6.99% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.26% in Mar'25
- AUM of the fund stands at 233.8 Cr as of Feb'25
- AUM decreased by 12.7 Cr between Feb'25 and Jan'25
Mid Cap allocation has gone up from 6.4% to 8.9%
Large Cap allocation has gone down from 62.2% to 59.9%
Small Cap allocation has gone down from 30.6% to 29.4%
Cash allocation has gone up from 0.8% to 1.9%
Top 3 Sectors in February were Financial Services, Consumer Cyclical & Tech
Feb'25
Financial Services
97%
Consumer Cyclical
2%
Tech
2%
Jan'25
Financial Services
97%
Consumer Cyclical
2%
Tech
2%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 20.55% | -3% | |
 ICICI Bank Ltd | 12.85% | -0.5% | |
 Axis Bank Ltd | 6.68% | -0.5% | |
 State Bank of India | 5.91% | -0.5% | |
 Kotak Mahindra Bank Ltd | 5.67% | -0.5% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
LIC MF Banking & Financial Services Fund Direct Growth | 0.46% | 12.24% | 19.56% | 7.67% |
 Tata Banking & Financial Services Fund Direct Growth | 11.8% | 17.6% | 23% | 17.7% |
 SBI Banking & Financial Services Direct Growth | 11.71% | 16.61% | 23.99% | 15.26% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 9.75% | 15.93% | - | 17.09% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 6.1% |
 HDFC Bank Ltd | 4.7% |
 ICICI Bank Ltd | 4.5% |
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Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹29.68K Cr
as on 31-Mar-2025
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com
Mutual Fund Insights
Over the last 1 year, this fund has decreased expense ratio by 12.5% moving from 1.20 to 1.05.
In the last 5 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 28.55% return, outperforming this fund by 8.99% per annum.
In the last 1 year, DSP Banking & Financial Services Fund Direct Growth has given 17.67% return, outperforming this fund by 17.21%.
Over the last 1 month, this fund has experienced a 8.6% growth in AUM moving from 233.85 Cr to 253.87 Cr.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.63% return, outperforming this fund by 6.39% per annum.
LIC MF Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 7.67% since inception which is less than its category average return of 12.57%
Fund Allocations
This fund has an allocation of 94.52% in Equity, 0% in Debt and 5.48% in Cash related instruments
AUM size ₹254 Cr
This fund has AUM of ₹254 Cr which is less than its category average of ₹ 1885 Cr
Expense Ratio 1.05%
This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.28%
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5Y CAGR
▲ 33.06
5Y CAGR
▲ 25.81
5Y CAGR
▲ 33.58
5Y CAGR
▲ 19.37
5Y CAGR
▲ 26.51
Frequently Asked Questions for LIC MF Banking & Financial Services Fund Direct Growth
The current NAV of LIC MF Banking & Financial Services Fund Direct Growth is ₹21.01 as on 11-Apr-2025.
Existing (Absolute + CAGR) as on 11-Apr-2025.
LIC MF Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.62% | 5.62% |
6 Month Returns | -4.15% | -4.15% |
1 Year Returns | 0.46% | 0.46% |
3 Years Returns | 41.4% | 12.24% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.05% as on March 2025
₹254 Cr as on March 2025
HDFC Bank Ltd(20.55%), ICICI Bank Ltd(12.85%), Axis Bank Ltd(6.68%), State Bank of India(5.91%), Kotak Mahindra Bank Ltd(5.67%) as on March 2025
Financial Services(91.35%), Tech(1.65%), Consumer Cyclical(1.51%) as on March 2025
The alpha ratio for the LIC MF Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Banking & Financial Services Fund Direct Growth | -14.24 | -0.06 | -0.21 |
As on March 2025
The alpha for LIC MF Banking & Financial Services Fund Direct Growth is calculated against Nifty Financial Services TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the LIC MF Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF Banking & Financial Services Fund Direct Growth | 1.15 | 0.95 | 0.92 |
As on March 2025
The Beta for LIC MF Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the LIC MF Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
LIC MF Banking & Financial Services Fund Direct Growth | 0.04 | 0.52 | 0.81 |
As on March 2025
The sharpe ratio for LIC MF Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the LIC MF Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
LIC MF Banking & Financial Services Fund Direct Growth | 15.76 | 15.28 | 19.23 |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.02 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of LIC MF Banking & Financial Services Fund Direct Growth is 1%