LIC MF Banking & Financial Services Fund Direct Growth

LIC MF Banking & Financial Services Fund Direct Growth

Equity

LIC Mutual Fund

Sector - Financial Services

Get the latest NAV of LIC MF Banking & Financial Services Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹22.00

▼-1.4%1D

NAV as on 30 Oct 2026

7.04%/per year

Since Inception

Absolute Gain%

▲▼

30 people have invested ₹ 3.8L in LIC MF Banking & Financial Services Fund in the last three months

LIC MF Banking & Financial Services Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (30-Oct-26)

The fund has underperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-4.47%
-10.44%
-7.19%
-11.59%
5.3%
7.15%
Nifty 500
0.17%
-6.67%
-3.47%
-7.65%
9.38%
7.43%
Sector - Financial Services Avg
-0.81%
-4.83%
-1.72%
-4.76%
10.53%
9.29%
Best in Sector - Financial Services
1.33%
-1.5%
3.47%
-0.26%
17.63%
12.58%
Worst in Sector - Financial Services
-8.2%
-10.98%
-7.19%
-11.59%
5.3%
7.15%
Category Rank
11/12
11/11
12/12
11/11
5/8
--

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
LIC MF Banking & Financial Services Fund
16/16
256Cr
1.65%
-11.59%
5.3%
-3.91
0.99
0.04
0.05
-0.70
Invesco India Financial Services Fund
1/16
1,789Cr
0.96%
-2.22%
15.03%
5.15
0.91
0.58
0.87
0.72
Sundaram Financial Services Opportunities Fund
2/16
1,614Cr
0.93%
-5.53%
10.28%
0.54
1.01
0.30
0.43
0.06
Quant BFSI Fund
3/16
894Cr
1.95%
-0.26%
17.63%
8.55
0.79
0.62
0.93
0.51
See all

LIC MF Banking & Financial Services Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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LIC MF Banking & Financial Services Fund Asset Allocation

See fund asset allocation details as on (14-Oct-26)

Fund Distribution

as on (14-Oct-26)

Large cap
38.9%
Mid cap
34.4%
Small cap
22.4%
Mid Cap allocation has gone down from 36.7% to 34.4%
Mid Cap allocation has gone down from 36.7% to 34.4%
Large Cap allocation has gone down from 39.5% to 38.9%
Large Cap allocation has gone down from 39.5% to 38.9%
Small Cap allocation has gone up from 21.9% to 22.4%
Small Cap allocation has gone up from 21.9% to 22.4%
Cash allocation has gone up from 1.9% to 4.3%
Cash allocation has gone up from 1.9% to 4.3%

LIC MF Banking & Financial Services Fund Sector Allocation

See fund sector allocation details as on (14-Oct-26)

Sector Allocation

Financial Services
94.5%
Tech
3%
Consumer Cyclical
2.5%

Top 2 Sectors in September were Financial Services, Tech

Sep'26

Financial Services

95%

Tech

5%

Aug'26

Financial Services

95%

Tech

5%

LIC MF Banking & Financial Services Fund Holdings Details

as on (31-Oct-26)

Holdings
Weight%
1M Change
ICICI Bank Ltd
13.61%
0%
AU Small Finance Bank Ltd
7.33%
0%
Axis Bank Ltd
5.32%
0%
One97 Communications Ltd
5.24%
0%
HDFC Bank Ltd
5.08%
0%
See all
Top Stocks bought last month
Bajaj Finance Ltd's allocation increased from 1.39% to 4.86%
Bajaj Finance Ltd's allocation increased from 1.39% to 4.86%
Shriram Finance Ltd's allocation increased from 1.84% to 4%
Shriram Finance Ltd's allocation increased from 1.84% to 4%
HDFC Bank Ltd's allocation increased from 4.75% to 5.08%
HDFC Bank Ltd's allocation increased from 4.75% to 5.08%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 13.98 % to 13.61 %
ICICI Bank Ltd's allocation decreased from 13.98 % to 13.61 %
AU Small Finance Bank Ltd's allocation decreased from 7.36 % to 7.33 %
AU Small Finance Bank Ltd's allocation decreased from 7.36 % to 7.33 %
IndusInd Bank Ltd's allocation decreased from 4.87 % to 4.62 %
IndusInd Bank Ltd's allocation decreased from 4.87 % to 4.62 %

LIC MF Banking & Financial Services Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.65%
Benchmark
Nifty Financial Services TR INR
AUM₹256 Cr
Inception Date27 March, 2015
Min Lumpsum/SIP₹5,000/₹200
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
46.26%
Risk
Risk meter
pointer
Very High Risk

About LIC MF Banking & Financial Services Fund

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 Sudhanshu Asthana. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Banking & Financial Services Fund has ₹256 Cr worth of assets under management (AUM) as on Oct 2026 and is more than category average.
  2. The fund has an expense ratio 1.7.

Returns

LIC MF Banking & Financial Services Fund has given a CAGR return of 7.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -11.59%, 5.30% and 7.15% respectively.

Holdings

LIC MF Banking & Financial Services Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are ICICI Bank Ltd, AU Small Finance Bank Ltd, Axis Bank Ltd, One97 Communications Ltd, HDFC Bank Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of LIC MF Banking & Financial Services Fund

The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.

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 & Financial Services Fund has no lock in period.

Fund Manager

Sudhanshu Asthana

Fund Manager of LIC MF Banking & Financial Services Fund, since 7 April 2026

Learn more about LIC Mutual Fund
Parameters
Sep'26
Aug'26
Jul'26
AUM
₹ 256.4 Cr
₹ 274.5 Cr
₹ 269.8 Cr
  • AUM of the fund stands at 256.4 Cr as of Sep'26
  • AUM decreased by 18.1 Cr between Sep'26 and Aug'26

Compare LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund

VS

ICICI Prudential Banking and Financial Services Fund

Frequently Asked Questions for LIC MF Banking & Financial Services Fund Direct Growth

How do I invest in LIC MF Banking & Financial Services Fund?

INDmoney makes it simple to invest in the LIC MF Banking & Financial Services Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘LIC MF Banking & Financial Services Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of LIC MF Banking & Financial Services Fund?

The NAV of the fund today is ₹22.00. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

LIC MF Banking & Financial Services Fund fund has generated a return of -11.59% in 1 year, 5.30% in 3 years, 7.15% in 5 years.

Who is the fund manager of LIC MF Banking & Financial Services Fund?

The fund managers are Sudhanshu Asthana.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-90 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 1.65%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹256 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of LIC MF Banking & Financial Services Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(13.61%), AU Small Finance Bank Ltd(7.33%), Axis Bank Ltd(5.32%)