Home>
Mutual funds>
LIC Mutual Fund>
LIC MF Banking & Financial Services Fund Direct Growth

LIC MF Banking & Financial Services Fund Direct Growth

Equity

Direct

Sector - Financial Services

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 ₹303 Cr worth of assets under management (AUM) as on Jun 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 8.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 14.62%, 16.10% and 14.16% respectively.

Holdings

LIC MF Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, CreditAccess Grameen Ltd Ordinary Shares

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 benefit
Dividends 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.

Fund Performance

40 people have invested ₹ 2.9L in LIC MF Banking & Financial Services Fund Direct Growth in the last three months

INDmoney Rank

IND ranking is not available for this fund.

Beats FD returns for both 3Y & 5Y duration

No bad points found for this fund.

Fund Overview

Expense ratio	1.05%
Benchmark	S&P BSE BANKEX INR
AUM	₹303 Cr
Inception Date	27 March, 2015
Min Lumpsum/SIP	₹5000/₹1000
Exit Load	1%
Lock In	No Lock-in
TurnOver	45.54%
Risk	Very High Risk

Fund Distribution
as on (30-Jun-24)

Equity 95.5%
Debt & Cash 4.6%

Large cap

57.7%

Small cap

18.5%

Mid cap

18%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services

100%

All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

Equity

Holdings	Weight%	1M Change
HDFC Bank Ltd	22.15%	0%
ICICI Bank Ltd	12.18%	0%
Axis Bank Ltd	7.38%	0%
State Bank of India	5.65%	0%
CreditAccess Grameen Ltd Ordinary Shares	3.25%	0%

See all

Returns %
Fund Ratios
Overview

Funds	1Y Returns	3Y Returns	5Y Returns	Since Inception
LIC MF Banking & Financial Services Fund Direct Growth	14.6%	16.1%	14.2%	8.9%
Invesco India Financial Services Fund Direct Plan Growth	34.6%	19.4%	18.7%	16.8%
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option	30.7%	21.9%	20%	15.2%
SBI Banking & Financial Services Direct Growth	28.2%	16.6%	16.9%	16.1%

See all

Returns for the month of Jun

Gainers
Losers

Top Losers	1M Return
IndusInd Bank Ltd	-5.2%
State Bank of India	3.8%
Power Finance Corporation Ltd	7.3%

Mutual Fund Insights

In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.97% return, outperforming this fund by 5.81% per annum.

In the last 1 year, Quant BFSI Fund Direct Growth has given 64.81% return, outperforming this fund by 50.19%.

In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.94% return, outperforming this fund by 5.83% 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 8.88% since inception which is less than its category average return of 16.72%

Fund Allocations

This fund has an allocation of 95.45% in Equity, 0% in Debt and 4.55% in Cash related instruments

AUM size ₹303 Cr

This fund has AUM of ₹303 Cr which is less than its category average of ₹ 1656 Cr

Expense Ratio 1.05%

This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of LIC MF Banking & Financial Services Fund Direct Growth is ₹21.89 as on 25-Jul-2024.

Existing (Absolute + CAGR) as on 25-Jul-2024.

LIC MF Banking & Financial Services Fund Direct Growth	Absolute Returns	CAGR Returns
1 Month Returns	-0.62%	-0.62%
6 Month Returns	10.95%	10.95%
1 Year Returns	14.62%	14.62%
3 Years Returns	56.51%	16.1%
5 Years Returns	93.87%	14.16%

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.

1.05% as on June 2024

₹303 Cr as on June 2024

HDFC Bank Ltd(22.15%), ICICI Bank Ltd(12.18%), Axis Bank Ltd(7.38%), State Bank of India(5.65%), CreditAccess Grameen Ltd Ordinary Shares(3.25%) as on June 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	2.86	3.94	0.95

As on June 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	0.93	0.93	0.94

As on June 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	0.88	0.74	0.42

As on June 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	14.54	15.87	24.4

As on June 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 1.38 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

Information ratio is 0.61 as on June 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%

LIC MF Banking & Financial Services Fund Direct Growth