LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl
LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl

LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl

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Equity
Direct
Sector - Financial Services

NAV: ₹ 17.2 as on 02-12-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
2.9%
7.3%
23.4%
17.3%
10.8%
6%
Benchmark
2.8%
5%
13.4%
7.5%
17.7%
12%
Category
5.5%
9.9%
22.5%
17.8%
10.8%
9.3%
About the Fund

LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl is an equity fund. This fund was started on  27 March, 2015. The fund is managed by Jaiprakash Toshniwal. The fund could potentially beat inflation in the long-run.

Key parameters

1) LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl has a NAV of 17.1674 as on 02-12-2022.

2) LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl has 89 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.

3) The fund has an expense ratio 1.54 %.

Fund Overview

Expense ratio
Expense ratio
1.54%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹89 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
28.01%

Fund Distribution

  • Equity 94.4%
  • Debt & Cash 5.6%
Size breakup
Large cap
68.8%
Small cap
20.2%
Mid cap
5.4%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

97.7%

Health

2.3%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings18
Equity Holdings17
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 16.7 Cr in last 1M
Oct'22 return outperformed benchmark

Change in AUM

Oct'22
₹ 88.9 Cr
Sep'22
₹ 72.2 Cr
Aug'22
₹ 70 Cr

Fund Returns vs Benchmark

Oct'22
6.33%
5.37%
Sep'22
-1.83%
-2.51%
Aug'22
6.31%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
18
20
20
Top 5 Company Concentration
56.2%
56.5%
57%
Company having highest exposure
ICICI Bank Ltd (17.5%)
ICICI Bank Ltd (19.1%)
ICICI Bank Ltd (18.8%)
No of Sectors
3
3
3
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (92.2%)
Financial Services (92.6%)
Financial Services (92.7%)

Fund Manager

Jaiprakash Toshniwal

Jaiprakash Toshniwal

Managing this fund since 6 September 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
LIC MF Banking & Financial Services Fund Direct Growth
10.89%
10.8%
LIC MF Nifty 50 Index Fund Direct Plan Growth Option
16.5%
--
LIC MF S & P BSE Sensex Index Direct Plan Growth option
16.28%
--

AMC details

Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+912222812038
Fund House
LIC Mutual Fund Asset Management Limited

Fund Highlights

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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 7.29% since inception which is less than its category average return of 29.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.4% in Equity, 0% in Debt and 5.6% in Cash related instruments
AUM size ₹89 Cr

AUM size ₹89 Cr

This fund has AUM of ₹89 Cr which is less than its category average of ₹ 1460 Cr
Expense Ratio 1.54%

Expense Ratio 1.54%

This fund has an expense ratio of 1.54% which is less than its category average expense ratio of 1.6%

Frequently Asked Questions

The current NAV of LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl is 17.17.
Existing (Absolute + CAGR)
LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
2.94%
2.94%
6 Month Returns
23.37%
23.37%
1 Year Returns
17.31%
17.31%
3 Years Returns
35.92%
10.77%
5 Years Returns
34.08%
6.04%
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1.54 as on November 2022
89 Cr as on November 2022
ICICI Bank Ltd(17.53%),HDFC Bank Ltd(13.03%),Axis Bank Ltd(9.74%),State Bank of India(9.33%),Karur Vysya Bank Ltd(6.6%) as on November 2022
Financial Services(92.23%),Cash Equivalent(5.6%),Health(2.18%) as on November 2022
The alpha ratio for the LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl
7.72
-0.37
-7.07
As on month end.
The alpha for LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl 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 Reinvestment of Income Distribution cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl
1
0.94
0.96
As on month end.
The Beta for LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl 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 Reinvestment of Income Distribution cum Cap Wdrl 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 Reinvestment of Income Distribution cum Cap Wdrl
0.79
0.36
0.16
As on month end.
The sharpe ratio for LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl 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 Reinvestment of Income Distribution cum Cap Wdrl 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 Reinvestment of Income Distribution cum Cap Wdrl
19.67
29.57
26.23
As on month end.
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.
0.5
Jaiprakash Toshniwal is the fund manager of LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl
The Exit load of LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl is 1%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.