LIC MF Banking & Financial Services Fund Direct Growth

LIC MF Banking & Financial Services Fund Direct Growth

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Equity
Direct
Sector - Financial Services
NAV: ₹ 20.12 as on 28-02-2024
Fund Performance
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33 people have invested ₹ 1.6L in LIC MF Banking & Financial Services Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 20.39% return, outperforming this fund by 5.84% per annum.
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In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 41.86% return, outperforming this fund by 16.7%.
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Over the last 1 month, this fund has experienced a 3.4% drop in AUM moving from 308.02 Cr to 297.68 Cr.
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Over the last 3 months, this fund has decreased expense ratio by 22.1% moving from 1.54 to 1.20.
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In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 19.84% return, outperforming this fund by 5.31% per annum.

INDmoney Rank of LIC MF Banking & Financial Services Fund Direct Growth

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IND ranking is not available for this fund.

Pros

Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

About the LIC MF Banking & Financial Services Fund Direct Growth

LIC MF Banking & Financial Services Fund Direct Growth 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

  1. LIC MF Banking & Financial Services Fund Direct Growth has ₹298 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 1.2.

LIC MF Banking & Financial Services Fund Direct Growth Overview

Expense ratio
Expense ratio
1.2%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹298 Cr
Inception Date
Inception Date
27 March, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
45.54%

LIC MF Banking & Financial Services Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Size breakup

Large cap
56.2%
Small cap
23.8%
Mid cap
18.1%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
100%

Top Holdings of LIC MF Banking & Financial Services Fund Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings23

LIC MF Banking & Financial Services Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
-3.16%
7.26%
4.27%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at -3.16% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed Nifty 500 by 4.87% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 297.7 Cr
₹ 308 Cr
₹ 291.7 Cr
  • AUM of the fund stands at 297.7 Cr as of Jan'24
  • AUM decreased by 10.3 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in LIC MF Banking & Financial Services Fund Direct Growth portfolio Returns for the month of Jan

LIC MF Banking & Financial Services Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

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

About the fund

This fund has delivered an average annual returns of 8.31% since inception which is less than its category average return of 15.64%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.1% in Equity, 0% in Debt and 1.9% in Cash related instruments
AUM size ₹298 Cr

AUM size ₹298 Cr

This fund has AUM of ₹298 Cr which is less than its category average of ₹ 1520 Cr
Expense Ratio 1.2%

Expense Ratio 1.2%

This fund has an expense ratio of 1.2% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of LIC MF Banking & Financial Services Fund Direct Growth is ₹20.12 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
LIC MF Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.52%
2.52%
6 Month Returns
7.66%
7.66%
1 Year Returns
25.17%
25.17%
3 Years Returns
50.23%
14.53%
5 Years Returns
97.19%
14.54%
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1.2% as on January 2024
₹298 Cr as on January 2024
HDFC Bank Ltd(21.21%), ICICI Bank Ltd(16.5%), State Bank of India(9.96%), Axis Bank Ltd(7.32%), The Federal Bank Ltd(4.12%) as on January 2024
The alpha ratio for the LIC MF Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF Banking & Financial Services Fund Direct Growth
8.48
5.18
1.17
As on January 2024
The alpha for LIC MF Banking & Financial Services Fund Direct Growth 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 Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF Banking & Financial Services Fund Direct Growth
0.88
0.94
0.94
As on January 2024
The Beta for LIC MF Banking & Financial Services Fund Direct Growth 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 Growth 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 Growth
1.24
0.79
0.46
As on January 2024
The sharpe ratio for LIC MF Banking & Financial Services Fund Direct Growth 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 Growth 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 Growth
12.13
16.5
24.6
As on January 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 1.52 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1 as on January 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 Growth is 1%