LIC MF Banking & PSU Fund Direct Growth
NAV as on 09-05-2025
₹ 37.2
Inception Returns
7.5%
/yr
Historical NAV & Returns
Absolute
▲
▼
28 people have invested ₹ 65.8K in LIC MF Banking & PSU Fund Direct Growth in the last three months
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 ₹1829 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 7.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.57%, 7.55% and 6.35% 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 | ₹1829 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 (09-May-25)
Fund Distribution
as on (31-Dec-69)
AAA
100%
Sector Allocation
Government
50.3%
Corporate
46.7%
Cash Equivalent
3%
All changes are between Oct'69 and 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 Stocks bought last month
Small Industries Development Bank Of India's allocation increased from 0.27% to 4.31%
Power Finance Corporation Limited's allocation increased from 1.5% to 2.86%
Power Grid Corporation Of India Limited's allocation increased from 2.29% to 3.03%
Top Stocks sold last month
Export-Import Bank Of India's allocation decreased from 5.26 % to 4.53 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 4.31 %
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 3.44 %
Debt allocation has gone up from 91% to 91.9%
Cash allocation has gone down from 8.8% to 7.8%
Top 2 Sectors in March were Government, Corporate
Mar'25
Government
50%
Corporate
47%
Feb'25
Government
51%
Corporate
45%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Small Industries Development Bank Of India | 4.36% | 0% | |
7.1% Govt Stock 2034 | 3.89% | 0% | |
NLc India Limited | 3.67% | 0% | |
Export-Import Bank Of India | 3.1% | 0% | |
Rural Electrification Corporation Limited | 2.95% | 0% | |
Bank Of Baroda | 2.92% | 0% | |
Power Finance Corporation Limited | 2.9% | 0% | |
Reliance Utilities And Power Private Limited | 2.87% | 0% | |
National Housing Bank | 2.85% | 100% | |
Export Import Bank Of India | 2.84% | 0% | |
National Bank For Agriculture And Rural Development | 2.8% | 100% | |
National Bank For Agriculture And Rural Development | 2.8% | 0% | |
Indian Railway Finance Corporation Limited | 2.8% | 0% | |
Housing and Urban Development Corporation, Ltd. 6.9% | 2.74% | 0% | |
Axis Bank Limited | 2.67% | 0% | |
Nhpc Limited | 2.62% | 0% | |
Canara Bank | 2.62% | 0% | |
Indian Railway Finance Corporation Limited | 2.52% | 0% | |
07.71 GJ Sgs 2034 | 2.36% | 0% | |
Power Grid Corporation Of India Limited | 2.15% | 0% | |
Indian Bank | 2.09% | 0% | |
Rec Limited | 1.69% | 0% | |
Power Finance Corporation Limited | 1.52% | 0% | |
Rec Limited | 1.5% | 0% | |
Power Finance Corporation Limited | 1.5% | 0% | |
07.66 GJ Sdl 2032 | 1.47% | 0% | |
Indian Railway Finance Corporation Limited | 1.46% | 0% | |
National Highways Authority Of India | 1.45% | 0% | |
6.79% Govt Stock 2034 | 1.45% | 0% | |
Indian Oil Corporation Limited | 1.45% | 0% | |
Power Grid Corporation Of India Limited | 1.43% | 100% | |
National Bank For Agriculture And Rural Development | 1.43% | 0% | |
Export-Import Bank Of India | 1.42% | 0% | |
7.37% Housing & Urban Development Corp Ltd. ** | 1.42% | 0% | |
Nuclear Power Corporation Of India Limited | 1.42% | 0% | |
Housing And Urban Development Corporation Ltd. | 1.42% | 0% | |
Power Grid Corporation Of India Limited | 1.41% | -50% | |
Small Industries Development Bank Of India | 1.41% | 0% | |
7.18% Govt Stock 2033 | 1.4% | 0% | |
Rec Limited 7.34% | 1.39% | 100% | |
Canara Bank | 1.34% | 0% | |
07.72 MH Sdl 2034 | 0.9% | 0% | |
07.47 MH Sdl 2034 | 0.87% | 0% | |
7.12% State Government Of Maharashtra 2036 | 0.86% | 0% | |
7.48% National Bank For Agriculture And Rural Development | 0.84% | 0% | |
Power Finance Corporation Limited** | 0.84% | 0% | |
Indian Oil Corporation Limited | 0.81% | 0% | |
HDFC Bank Limited | 0.79% | 0% | |
Axis Bank Limited | 0.78% | 100% | |
Nhpc Limited | 0.58% | 0% | |
Ntpc Limited | 0.57% | 0% | |
Power Finance Corporation Ltd. | 0.57% | 0% | |
07.70 MH Sgs 2033 | 0.44% | 0% | |
Punjab National Bank | 0.28% | 0% | |
SBI CDMDF--A2 | 0.26% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
LIC MF Banking & PSU Fund Direct Growth | 9.57% | 7.55% | 6.35% | 7.53% |
 DSP Banking & PSU Debt Fund Direct Growth | 9.76% | 7.71% | 6.59% | 8.1% |
 Edelweiss Banking and PSU Debt Fund Direct Plan Growth | 9.7% | 8.24% | 6.83% | 8.3% |
 Aditya Birla Sun Life Banking & PSU Debt Fund Direct Plan Growth | 9.42% | 7.68% | 6.88% | 8.52% |
 ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth | 9.14% | 7.97% | 7.18% | 8.25% |
 Axis Banking & PSU Debt Fund Direct Plan Growth | 9.04% | 7.23% | 6.53% | 7.9% |
 Bandhan Banking & PSU Debt Fund Direct Growth | 9.01% | 7.37% | 6.67% | 7.86% |
 ITI Banking & PSU Fund Direct Gr | 8.87% | 7.48% | - | 6.37% |
 UTI Banking & PSU Fund Direct Plan Growth | 8.78% | 7.58% | 7.42% | 7.28% |
 HSBC Banking & PSU Debt fund Direct Plan Growth Option | 8.77% | 7.44% | 6.12% | 7.58% |
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Marzban Irani
Fund Manager of LIC MF Banking & PSU Fund Direct Growth, since 10 August 2016
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹29.68K Cr
as on 31-Mar-2025
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com
Mutual Fund Insights
In the last 3 years, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.97% return, outperforming this fund by 0.42% per annum.
In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.76% return, outperforming this fund by 0.19%.
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.42% return, outperforming this fund by 1.07% per annum.
Over the last 6 months, this fund has experienced a 14.9% growth in AUM moving from 1.59K Cr to 1.82K Cr.
This fund 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 0.56%.
LIC MF Banking & PSU Fund Direct Growth 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 7.53% since inception which is more than its category average return of 6.23%
AUM size ₹1829 Cr
This fund has AUM of ₹1829 Cr which is less than its category average of ₹ 4126 Cr
Expense Ratio 0.28%
This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.51%
More funds from LIC
5Y CAGR
▲ 6.07
5Y CAGR
▲ 6.36
5Y CAGR
▲ 6.47
5Y CAGR
▲ 5.52
Frequently Asked Questions for LIC MF Banking & PSU Fund Direct Growth
The current NAV of LIC MF Banking & PSU Fund Direct Growth is ₹37.2 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
LIC MF Banking & PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.75% | 0.75% |
6 Month Returns | 4.84% | 4.84% |
1 Year Returns | 9.57% | 9.57% |
3 Years Returns | 24.39% | 7.55% |
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 April 2025
₹1829 Cr as on April 2025
Small Industries Development Bank Of India(4.36%), 7.1% Govt Stock 2034(3.89%), NLc India Limited(3.67%), Export-Import Bank Of India(3.1%), Rural Electrification Corporation Limited(2.95%) as on April 2025
Government(48.41%), Corporate(48.28%), Cash Equivalent(3.3%) as on April 2025
Yield to Maturity is 7.07 as on April 2025. 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 3.8 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Marzban Irani is the fund manager of LIC MF Banking & PSU Fund Direct Growth
The Exit load of LIC MF Banking & PSU Fund Direct Growth is 0%