LIC MF Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 11-10-2024
₹ 21.92
▲0.7%
1D
Inception Returns
8.6%
/yr
About the 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 . The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Banking & Financial Services Fund Direct Growth has ₹291 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
LIC MF Banking & Financial Services Fund Direct Growth has given a CAGR return of 8.61% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 14.08%, 13.51% and 13.60% respectively.
Holdings
LIC MF Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Power Finance Corp 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of LIC MF Banking & Financial Services Fund Direct Growth
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 1000.00. LIC MF Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
85 people have invested ₹ 1.7L in LIC MF Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank
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IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.05% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹291 Cr |
| Inception Date | 27 March, 2015 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 59.76% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (11-Oct-24)
Fund Distribution
as on (31-Aug-24)
Large cap
60.7%
Small cap
28.5%
Mid cap
7.6%
Sector Allocation
Financial Services
98.2%
Tech
1.8%
All changes are between Jun'24 and Aug'24
- This fund’s returns stands at 0.05% whereas the fund’s underlying benchmark Nifty 500 returns stands at 0.97% as on Aug'24
- This fund underperformed Nifty 500 by 0.92% in Aug'24
- AUM of the fund stands at 292.7 Cr as of Aug'24
- AUM decreased by 3.3 Cr between Aug'24 and Jul'24
Top Stocks bought last month
Shriram Finance Ltd's allocation increased from 1.24% to 1.95%
HDFC Bank Ltd's allocation increased from 21.77% to 22.31%
MAS Financial Services Ltd Ordinary Shares's allocation increased from 1.31% to 1.45%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 12.64 % to 11.45 %
Axis Bank Ltd's allocation decreased from 6.97 % to 6.56 %
State Bank of India's allocation decreased from 5.95 % to 5.62 %
Mid Cap allocation has gone down from 18% to 14.8%
Large Cap allocation has gone up from 57.7% to 59.9%
Small Cap allocation has gone up from 18.5% to 20.1%
Cash allocation has gone up from 3.3% to 3.8%
Top 2 Sectors in August were Financial Services, Tech
Aug'24
Financial Services
98%
Tech
2%
Jul'24
Financial Services
100%
See all
Top Growth Drivers | 1M Return |
|---|---|
 ICICI Bank Ltd | 0.6% |
 Aadhar Housing Finance Ltd | 0.5% |
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Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.42K Cr
as on 31-Aug-2024
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 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.99% return, outperforming this fund by 6.39% per annum.
Over the last 3 months, this fund has experienced a 3.9% drop in AUM moving from 303.28 Cr to 291.33 Cr.
In the last 1 year, Quant BFSI Fund Direct Growth has given 43.96% return, outperforming this fund by 29.88%.
Over the last 1 year, this fund has decreased expense ratio by 31.8% moving from 1.54 to 1.05.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.53% return, outperforming this fund by 6.01% per annum.
LIC MF Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 8.61% since inception which is less than its category average return of 16.39%
Fund Allocations
This fund has an allocation of 96.82% in Equity, 0% in Debt and 3.18% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 1733 Cr
Expense Ratio 1.05%
This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of LIC MF Banking & Financial Services Fund Direct Growth is ₹21.92 as on 11-Oct-2024.
Existing (Absolute + CAGR) as on 11-Oct-2024.
LIC MF Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.16% | -1.16% |
6 Month Returns | 5.16% | 5.16% |
1 Year Returns | 14.08% | 14.08% |
3 Years Returns | 46.27% | 13.51% |
5 Years Returns | 89.15% | 13.6% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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1.05% as on September 2024
₹291 Cr as on September 2024
HDFC Bank Ltd(23.72%), ICICI Bank Ltd(11.35%), Axis Bank Ltd(7.47%), State Bank of India(5.46%), Power Finance Corp Ltd(3.37%) as on September 2024
Financial Services(92.62%), Consumer Cyclical(2.42%), Tech(1.78%) as on September 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 | -5.01 | 3.66 | 0.06 |
As on September 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 | 0.99 | 0.99 | 0.94 |
As on September 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 | 0.77 | 0.6 | 0.45 |
As on September 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 | 14.43 | 15.84 | 24.08 |
As on September 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 1.1 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.67 as on September 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%