LIC MF Banking & PSU Fund Direct Growth

Debt
Direct
Banking & Psu
LIC MF Banking & PSU Fund Direct Growth

About the Fund

LIC MF Banking & PSU Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Pawar, Marzban Irani. This fund is suitable to keep your money safe.

Key Parameters

  1. LIC MF Banking & PSU Fund Direct Growth has ₹1408 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

LIC MF Banking & PSU Fund Direct Growth has given a CAGR return of 7.39% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.33%, 5.59% and 6.18% respectively.

Holdings

LIC MF Banking & PSU Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, Small Industries Development Bank Of India, Power Grid Corporation Of India Limited, Bank Of Baroda, Power Grid Corporation Of India Limited

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of LIC MF Banking & PSU Fund Direct Growth

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks, public sector undertakings, public financial institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized.

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 & PSU Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
29 people have invested ₹ 6.2L in LIC MF Banking & PSU Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.28%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹1408 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
270.4%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
52.8%
Government
45.6%
Cash Equivalent
1.6%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
6.18%
-2.9%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.49%
0%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
4.09%
0%
Bank Of Baroda
Bank Of Baroda
3.77%
0%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
3.67%
0%

Sanjay Pawar
Sanjay Pawar
Fund Manager of LIC MF Banking & PSU Fund Direct Growth, since 1 January 2022
Marzban Irani
Marzban Irani
Fund Manager of LIC MF Banking & PSU Fund Direct Growth, since 10 August 2016

Mutual Fund Insights

Insights icon
In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.8% return, outperforming this fund by 0.47%.
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In the last 5 years, Nippon India Banking & PSU Debt Fund Direct Growth has given 7.04% return, outperforming this fund by 0.87% per annum.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.82% return, outperforming this fund by 2.23% per annum.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.28% which is lower than the category average expense ratio of 0.55%.

LIC MF Banking & PSU Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.39% since inception which is more than its category average return of 5.59%
AUM size ₹1408 Cr

AUM size ₹1408 Cr

This fund has AUM of ₹1408 Cr which is less than its category average of ₹ 3605 Cr
Expense Ratio 0.28%

Expense Ratio 0.28%

This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions

The current NAV of LIC MF Banking & PSU Fund Direct Growth is ₹34.53 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
LIC MF Banking & PSU Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.74%
0.74%
6 Month Returns
4.18%
4.18%
1 Year Returns
7.33%
7.33%
3 Years Returns
17.71%
5.59%
5 Years Returns
34.94%
6.18%
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.
0.28% as on June 2024
₹1408 Cr as on June 2024
7.18% Govt Stock 2033(6.18%), Small Industries Development Bank Of India(4.49%), Power Grid Corporation Of India Limited(4.09%), Bank Of Baroda(3.77%), Power Grid Corporation Of India Limited(3.67%) as on June 2024
Corporate(52.84%), Government(45.57%), Cash Equivalent(1.59%) as on June 2024
Yield to Maturity is 7.52 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.05 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Sanjay Pawar, Marzban Irani are the fund managers of LIC MF Banking & PSU Fund Direct Growth
The Exit load of LIC MF Banking & PSU Fund Direct Growth is 0%