LIC MF Banking & PSU Fund Direct Growth
NAV as on 17-04-2025
₹ 37.11
▲0.1%
1D
Inception Returns
7.6%
/yr
Historical NAV & Returns
About LIC MF Banking & PSU Fund Direct Growth
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. This fund is suitable to keep your money safe.
Key Parameters
- LIC MF Banking & PSU Fund Direct Growth has ₹1702 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
LIC MF Banking & PSU Fund Direct Growth has given a CAGR return of 7.55% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.83%, 7.35% and 6.56% respectively.
Holdings
LIC MF Banking & PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are Small Industries Development Bank Of India, 7.1% Govt Stock 2034, NLc India Limited, Export-Import Bank Of India, Rural Electrification Corporation Limited
Taxation
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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of LIC MF Banking & PSU Fund Direct Growth
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 and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Banking & PSU Fund Direct Growth has no lock in period.
LIC MF Banking & PSU Fund Direct Growth Overview
| Expense ratio | 0.28% |
Benchmark | NIFTY Banking & PSU Debt TR INR |
| AUM | ₹1702 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹200 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 123.98% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (17-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 1.7K Cr as of Mar'25
- AUM decreased by 180.1 Cr between Mar'25 and Feb'25
Top 2 Sectors in March were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Small Industries Development Bank Of India | 4.61% | 0% | |
7.1% Govt Stock 2034 | 4.11% | -17.2% | |
NLc India Limited | 3.89% | 0% | |
Export-Import Bank Of India | 3.29% | -26.7% | |
Rural Electrification Corporation Limited | 3.12% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
LIC MF Banking & PSU Fund Direct Growth | 9.83% | 7.35% | 6.56% | 7.55% |
 Edelweiss Banking and PSU Debt Fund Direct Plan Growth | 10.1% | 7.64% | 7.28% | 8.32% |
 Aditya Birla Sun Life Banking & PSU Debt Fund Direct Plan Growth | 9.69% | 7.46% | 7.14% | 8.54% |
 ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth | 9.42% | 7.87% | 7.45% | 8.27% |
Mutual Fund Insights
LIC MF Banking & PSU Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹1702 Cr
Expense Ratio 0.28%
More funds from LIC
5Y CAGR
▲ 6.63
5Y CAGR
▲ 6.56
5Y CAGR
▲ 6.49
5Y CAGR
▲ 5.50
Frequently Asked Questions for LIC MF Banking & PSU Fund Direct Growth
LIC MF Banking & PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.37% | 2.37% |
6 Month Returns | 4.91% | 4.91% |
1 Year Returns | 9.83% | 9.83% |
3 Years Returns | 23.72% | 7.35% |
- 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.
AAA | 100 |