LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl
Equity
Direct
Sector - Financial Services
NAV: ₹ 20.42 as on 22-04-2024
Fund Performance
About the LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl 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 Payout of Income Distribution cum Cap Wdrl has ₹290 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.5.
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl Overview
 | 0.48% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹290 Cr |
 | 27 March, 2015 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 45.54% |
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl Distribution as on (31-Mar-24)
Size breakup
Large cap
52.2%
Small cap
25.4%
Mid cap
17.2%
Sector Allocation
Financial Services
100%
Top Holdings of LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl as on (31-Mar-24)
Equity Holdings28
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -1.43% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 0.97% in Mar'24
AUM Change
- AUM of the fund stands at 289.5 Cr as of Mar'24
- AUM decreased by 5.7 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 4.8% |
 HDFC Bank Ltd | 4% |
 ICICI Bank Ltd | 1.9% |
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | -0.6% |
 Piramal Enterprises Ltd | 4.4% |
 IIFL Finance Ltd | 9.5% |
Peer Analysis
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl 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 8.18% since inception which is less than its category average return of 15.45%
Fund Allocations
This fund has an allocation of 94.79% in Equity, 0% in Debt and 5.21% in Cash related instruments
AUM size ₹290 Cr
This fund has AUM of ₹290 Cr which is less than its category average of ₹ 1553 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.35%
Frequently Asked Questions
The current NAV of LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl is ₹20.42 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 3.84% | 3.84% |
6 Month Returns | 7.44% | 7.44% |
1 Year Returns | 23.73% | 23.73% |
3 Years Returns | 60.85% | 17.17% |
5 Years Returns | 79.18% | 12.37% |
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0.48% as on March 2024
₹290 Cr as on March 2024
HDFC Bank Ltd(21.58%), ICICI Bank Ltd(12.77%), Axis Bank Ltd(6.49%), State Bank of India(5.89%), The Federal Bank Ltd(4.32%) as on March 2024
The alpha ratio for the LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl | 5.64 | 3.87 | 0.19 |
As on March 2024
The alpha for LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl 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 Payout of Income Distribution cum Cap Wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl | 0.82 | 0.92 | 0.94 |
As on March 2024
The Beta for LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl 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 Payout of Income Distribution cum Cap Wdrl 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 Payout of Income Distribution cum Cap Wdrl | 1.13 | 0.63 | 0.37 |
As on March 2024
The sharpe ratio for LIC MF Banking & Financial Services Fund Direct Payout of Income Distribution cum Cap Wdrl 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 Payout of Income Distribution cum Cap Wdrl 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 Payout of Income Distribution cum Cap Wdrl | 12.35 | 15.52 | 24.15 |
As on March 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 1.15 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.63 as on March 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 Payout of Income Distribution cum Cap Wdrl is 1%