LIC MF Banking & PSU Debt Fund Direct Plan Growth Option
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option

LIC MF Banking & PSU Debt Fund Direct Plan Growth Option

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Debt
Direct
Banking & Psu

NAV: ₹ 31.4 as on 31-03-2023

Fund Performance
zero opening, trading, fund transfer fee
23 people have invested ₹ 83.8K in mutual fund in the last three months

Fund Insights

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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%

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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

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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

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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%

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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)

Return
1M
3M
6M
1Y
3Y
5Y
LIC MF Banking & PSU Debt Fund Direct Plan Growth Option
1%
1.7%
3.3%
4.4%
5.2%
6.9%
Banking and PSU Index
0.7%
1.3%
2.8%
3.7%
5.2%
5.8%

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

Expense ratio
Expense ratio
0.28%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹1190 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
404.91%

Fund Distribution as on (28-Feb-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%

Sector Allocation

Feb'23

Jan'23

Dec'22

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 & Cash

Debt Holdings27
Holdings
Weight%
Holdings Trend
1M Change
7.26 8/22/2032 12:00:00 Am
7.26 8/22/2032 12:00:00 Am
15.03%
23.1%
Rec Limited
Rec Limited
8.26%
0%
Treps
Treps
7.78%
0%
7.38 6/20/2027 12:00:00 Am
7.38 6/20/2027 12:00:00 Am
5.96%
0%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
4.56%
0%

LIC MF Banking & PSU Debt Fund Direct Plan Growth Option: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
0.18%
0.45%
0.43%
Banking and PSU Index
0.21%
0.37%
0.33%
  • 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

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 1.2K Cr
₹ 1.2K Cr
₹ 1.2K Cr
  • 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%
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%
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%
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 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 %
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 %
Power Finance Corporation Ltd.'s allocation decreased from 4.08 % to 2.12 %
Debt allocation has gone down from 80.5% to 80.5%
Debt allocation has gone down from 80.5% to 80.5%
Cash allocation has gone up from 19.5% to 19.5%
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%

LIC MF Banking & PSU Debt Fund Direct Plan Growth Option Fund Manager

Marzban Irani

Marzban Irani

Fund Manager of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option, since 10 August 2016
Sanjay Pawar

Sanjay Pawar

Fund Manager of LIC MF Banking & PSU Debt Fund Direct Plan Growth Option, since 1 January 2022

Fund Highlights

Risk meter
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Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

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

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%

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%
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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%