LIC MF Banking & PSU Debt Fund Direct Plan Growth Option
Debt
Direct
Banking & Psu
NAV: ₹ 31.4 as on 31-03-2023
Fund Performance
23 people have invested ₹ 83.8K in mutual fund in the last three months
Fund Insights
In the last 1 year, UTI Banking & PSU Debt Fund Direct Plan Growth has given 11.35% return, outperforming LIC MF Banking & PSU Debt Fund Direct Plan Growth Option by 6.92%
In the last 3 years, UTI Banking & PSU Debt Fund Direct Plan Growth has given 7.24% return, outperforming LIC MF Banking & PSU Debt Fund Direct Plan Growth Option by 2.09% per annum
In the last 5 years, Edelweiss Banking and PSU Debt Fund Direct Plan Growth has given 7.95% return, outperforming LIC MF Banking & PSU Debt Fund Direct Plan Growth Option by 1.09% per annum
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.28% which is lower than the category average expense ratio of 0.55%
Over the last 3 months, LIC MF Banking & PSU Debt Fund Direct Plan Growth Option has experienced a 7.2% drop in AUM moving from 1.28K Cr to 1.19K Cr
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option Performance as on (31-Mar-23)
About the Fund
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani, Sanjay Pawar. This fund is suitable to keep your money safe.
Key parameters
1) LIC MF Banking & PSU Debt Fund Direct Plan Growth Option has a NAV of ₹31.3638 as on 31-03-2023.
2) LIC MF Banking & PSU Debt Fund Direct Plan Growth Option has ₹1190 Cr worth of assets under management (AUM) as on 28-02-2023 and is less than category average.
3) The fund has an expense ratio 0.28 %.
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option Overview
 | 0.28% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹1190 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 404.91% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Government
45.2%
Corporate
36.3%
Cash Equivalent
18.5%
Top Holdings of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option as on (31-Mar-23)
Debt Holdings27
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 7.26 8/22/2032 12:00:00 Am | 15.03% | 23.1% | |
Rec Limited | 8.26% | 0% | |
Treps | 7.78% | 0% | |
7.38 6/20/2027 12:00:00 Am | 5.96% | 0% | |
Power Grid Corporation Of India Limited | 4.56% | 0% |
See all
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.18% whereas the fund’s underlying benchmark Banking and PSU Index returns stands at 0.21% as on Feb'23
- This fund underperformed Banking and PSU Index by 0.03% in Feb'23
AUM Change
- AUM of the fund stands at 1.2K Cr as of Feb'23
- AUM decreased by 51.4 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Oil And Natural Gas Corporation Limited's allocation increased from 2.09% to 4.1%
National Housing Bank's allocation increased from 2.18% to 3.88%
Indian Oil Corporation Limited's allocation increased from 1.2% to 2.16%
Top Stocks sold last month
National Bank For Agriculture And Rural Development's allocation decreased from 4.33 % to 4.18 %
National Housing Bank's allocation decreased from 3.69 % to 2.18 %
Power Finance Corporation Ltd.'s allocation decreased from 4.08 % to 2.12 %
Debt allocation has gone down from 80.5% to 80.5%
Cash allocation has gone up from 19.5% to 19.5%
Top 2 Sectors in February were Corporate, Government
Feb'23
Government
45%
Corporate
36%
Jan'23
Corporate
49%
Government
40%
Peer Analysis
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option Fund Manager
Marzban Irani
Fund Manager of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option, since 10 August 2016
Top funds managed
Sanjay Pawar
Fund Manager of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option, since 1 January 2022
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.35% since inception which is more than its category average return of 5.39%
AUM size ₹1190 Cr
This fund has AUM of ₹1190 Cr which is less than its category average of ₹ 3500 Cr
Expense Ratio 0.28%
This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.48%
Frequently Asked Questions
The current NAV of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option is 31.36 as on 31-Mar-2023.
Existing (Absolute + CAGR)
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 1.03% | 1.03% |
6 Month Returns | 3.29% | 3.29% |
1 Year Returns | 4.43% | 4.43% |
3 Years Returns | 16.26% | 5.15% |
5 Years Returns | 39.35% | 6.86% |
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.
0.28 as on March 2023
1190 Cr as on March 2023
Yield to Maturity is 7.66 as on March 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.51 as on March 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Marzban Irani,Sanjay Pawar are the fund managers of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option
The Exit load of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option is 0%