LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund

Equity

LIC Mutual Fund

Sector - Financial Services

Get the latest NAV of LIC MF Banking & Financial Services Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹22.75

▼-0.4%1D

NAV as on 20 Mar 2026

7.77%/per year

Since Inception

Absolute Gain%

▲▼

85 people have invested ₹ 15.5L in LIC MF Banking & Financial Services Fund in the last three months

LIC MF Banking & Financial Services Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (20-Mar-26)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-10.56%
-9.1%
-4.03%
9.35%
12.87%
11.23%
Nifty 500
-8.57%
-10.38%
-8.51%
0.55%
13.94%
11.63%
Sector - Financial Services Avg
-11.5%
-8.05%
-2.14%
11.17%
15.62%
12.48%
Best in Sector - Financial Services
-7.53%
-6.21%
-1.36%
22.37%
21.51%
15.83%
Worst in Sector - Financial Services
-12.6%
-11.87%
-9.25%
1.83%
8.74%
10.49%
Category Rank
11/11
11/11
11/11
11/11
7/8
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INDmoney Rank

Powered by IND quant engine

IND ranking is not available for this fund.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
LIC MF Banking & Financial Services Fund
12/12
277Cr
1.2%
9.35%
12.87%
-1.05
1.00
0.69
1.27
-0.24
SBI Banking & Financial Services Fund
1/12
10,725Cr
0.72%
11.61%
21.05%
7.88
0.83
1.49
3.27
1.31
Mirae Asset Banking and Financial Services Fund
2/12
2,272Cr
0.57%
11.02%
18.45%
4.48
0.97
1.14
2.48
0.88
Invesco India Financial Services Fund
3/12
1,650Cr
0.79%
10.92%
21.51%
8.25
0.82
1.39
2.73
1.03
See all
Positive: Beats FD returns for both 3Y & 5Y duration
Beats FD returns for both 3Y & 5Y duration
Negative: 5Y returns in the bottom 25% of the category
5Y returns in the bottom 25% of the category
Negative: 3Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

LIC MF Banking & Financial Services Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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LIC MF Banking & Financial Services Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

Large cap
58%
Small cap
23.3%
Mid cap
14.6%
Small Cap allocation has gone down from 24% to 23.3%
Small Cap allocation has gone down from 24% to 23.3%
Mid Cap allocation has gone down from 16.1% to 14.6%
Mid Cap allocation has gone down from 16.1% to 14.6%
Large Cap allocation has gone up from 56.7% to 58%
Large Cap allocation has gone up from 56.7% to 58%
Cash allocation has gone up from 3.3% to 4.1%
Cash allocation has gone up from 3.3% to 4.1%

LIC MF Banking & Financial Services Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Financial Services
95.1%
Tech
2.9%
Consumer Cyclical
2%

Top 3 Sectors in February were Financial Services, Tech & Consumer Cyclical

Feb'26

Financial Services

95%

Tech

3%

Consumer Cyclical

2%

Jan'26

Financial Services

95%

Tech

3%

Consumer Cyclical

2%

LIC MF Banking & Financial Services Fund Holdings Details

as on (28-Feb-26)

Holdings
Weight%
1M Change
HDFC Bank Ltd
16.56%
-2.4%
ICICI Bank Ltd
12.62%
0%
Axis Bank Ltd
8.44%
0%
Kotak Mahindra Bank Ltd
7.77%
18.9%
State Bank of India
6.04%
0%
See all
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 6.41% to 7.77%
Kotak Mahindra Bank Ltd's allocation increased from 6.41% to 7.77%
Bajaj Finance Ltd's allocation increased from 0.88% to 1.53%
Bajaj Finance Ltd's allocation increased from 0.88% to 1.53%
State Bank of India's allocation increased from 5.4% to 6.04%
State Bank of India's allocation increased from 5.4% to 6.04%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 17.7 % to 16.56 %
HDFC Bank Ltd's allocation decreased from 17.7 % to 16.56 %
MAS Financial Services Ltd Ordinary Shares's allocation decreased from 4.59 % to 4.59 %
MAS Financial Services Ltd Ordinary Shares's allocation decreased from 4.59 % to 4.59 %
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 2.59 % to 2.48 %
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 2.59 % to 2.48 %

LIC MF Banking & Financial Services Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.2%
Benchmark
Nifty Financial Services TR INR
AUM₹277 Cr
Inception Date27 March, 2015
Min Lumpsum/SIP₹5,000/₹200
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
50.02%
Risk
Risk meter
pointer
Very High Risk

About LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund is an equity fund. This fund was started on 27 March, 2015. The fund is managed by Jaiprakash Toshniwal. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Banking & Financial Services Fund has ₹277 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 1.2.

Returns

LIC MF Banking & Financial Services Fund has given a CAGR return of 7.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.35%, 12.87% and 11.23% respectively.

Holdings

LIC MF Banking & Financial Services Fund 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, Kotak Mahindra Bank Ltd, State Bank of India

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 benefit
Dividends 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

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 has no lock in period.

Fund Manager

Jaiprakash Toshniwal

Fund Manager of LIC MF Banking & Financial Services Fund, since 6 September 2021

Learn more about LIC Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 277.4 Cr
₹ 278.2 Cr
₹ 279.3 Cr
  • AUM of the fund stands at 277.4 Cr as of Feb'26
  • AUM decreased by 0.7 Cr between Feb'26 and Jan'26

Compare LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund

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Frequently Asked Questions for LIC MF Banking & Financial Services Fund

How do I invest in LIC MF Banking & Financial Services Fund?

INDmoney makes it simple to invest in the LIC MF Banking & Financial Services Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘LIC MF Banking & Financial Services Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of LIC MF Banking & Financial Services Fund?

The NAV of the fund today is ₹22.75. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

LIC MF Banking & Financial Services Fund fund has generated a return of 9.35% in 1 year, 12.87% in 3 years, 11.23% in 5 years.

Who is the fund manager of LIC MF Banking & Financial Services Fund?

The fund managers are Jaiprakash Toshniwal.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-90 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 1.20%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹277 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of LIC MF Banking & Financial Services Fund?

The top 3 holdings of the fund are HDFC Bank Ltd(16.56%), ICICI Bank Ltd(12.62%), Axis Bank Ltd(8.44%)