LIC MF Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 21-11-2024
₹ 21.15
1D
Inception Returns
8.1%
/yr
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 ₹261 Cr worth of assets under management (AUM) as on Oct 2024 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 8.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.61%, 11.37% and 11.22% respectively.
Holdings
LIC MF Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Power Finance Corp 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Historical NAV & Returns
Annualised
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66 people have invested ₹ 2.4L in LIC MF Banking & Financial Services Fund Direct Growth in the last three months
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
LIC MF Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 1.05% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹261 Cr |
| Inception Date | 27 March, 2015 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 59.76% |
| STCG | Redeeming 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 |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
60%
Small cap
30.9%
Mid cap
7.2%
Sector Allocation
Financial Services
95.8%
Consumer Cyclical
2.2%
Tech
2%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.26% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.26% in Oct'24
- AUM of the fund stands at 261.1 Cr as of Oct'24
- AUM decreased by 30.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 1.12% to 1.52%
State Bank of India's allocation increased from 5.46% to 5.78%
Axis Bank Ltd's allocation increased from 7.47% to 7.69%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 23.72 % to 23.23 %
ICICI Bank Ltd's allocation decreased from 11.35 % to 10.8 %
Power Finance Corp Ltd's allocation decreased from 3.37 % to 3.19 %
Small Cap allocation has gone up from 28.5% to 30.9%
Mid Cap allocation has gone down from 7.6% to 7.2%
Large Cap allocation has gone down from 60.7% to 60%
Cash allocation has gone down from 3.2% to 2%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech
Oct'24
Financial Services
96%
Consumer Cyclical
2%
Tech
2%
Sep'24
Financial Services
96%
Consumer Cyclical
2%
Tech
2%
See all
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Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.84K Cr
as on 31-Oct-2024
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
In the last 1 year, SBI Banking & Financial Services Direct Growth has given 29.65% return, outperforming this fund by 20.04%.
Over the last 1 month, this fund has experienced a 10.4% drop in AUM moving from 291.33 Cr to 261.14 Cr.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 17.23% return, outperforming this fund by 5.86% per annum.
In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 16.44% return, outperforming this fund by 5.22% 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 8.07% since inception which is less than its category average return of 14.21%
Fund Allocations
This fund has an allocation of 98.01% in Equity, 0% in Debt and 1.99% in Cash related instruments
AUM size ₹261 Cr
This fund has AUM of ₹261 Cr which is less than its category average of ₹ 1738 Cr
Expense Ratio 1.05%
This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.38%
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 ₹21.15 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
LIC MF Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.68% | -4.68% |
6 Month Returns | 2.41% | 2.41% |
1 Year Returns | 9.61% | 9.61% |
3 Years Returns | 38.12% | 11.37% |
5 Years Returns | 70.16% | 11.22% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.05% as on October 2024
₹261 Cr as on October 2024
HDFC Bank Ltd(23.23%), ICICI Bank Ltd(10.8%), Axis Bank Ltd(7.69%), State Bank of India(5.78%), Power Finance Corp Ltd(3.19%) as on October 2024
Financial Services(93.94%), Consumer Cyclical(2.15%), Tech(1.93%) as on October 2024
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 | -8.7 | 2.5 | 0.18 |
As on October 2024
The alpha for LIC MF Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX 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 | 1.07 | 1 | 0.95 |
As on October 2024
The Beta for LIC MF Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 | 0.62 | 0.41 | 0.41 |
As on October 2024
The sharpe ratio for LIC MF Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 | 15.06 | 16.06 | 24.21 |
As on October 2024
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 0.73 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.44 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of LIC MF Banking & Financial Services Fund Direct Growth is 1%