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.

₹23.12

▲0.2%1D

NAV as on 19 May 2025

8.61%/per year

Since Inception

Absolute Gain%

▲▼

47 people have invested ₹ 2.1L in LIC MF Banking & Financial Services Fund Direct Growth 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 (19-May-25)

The fund has outperformed the benchmark (Nifty 500) over 1Y, 3Y, but underperformed over 5Y.

Period
This Fund
Nifty 500
Category Avg
1 Month
3.73%
5.46%
4.45%
3 Months
14.37%
10.3%
13.34%
6 Months
8.48%
3.91%
9.29%
1 Year
11.63%
8.14%
14.12%
3 Years
21.08%
19.05%
22.21%
5 Years
23.91%
25.71%
26.69%

INDmoney Rank

Powered by IND quant engine

IND ranking is not available for this fund.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
LIC MF Banking & Financial Services Fund
11/11
264Cr
1.05%
11.63%
21.08%
8.61%
Tata Banking & Financial Services Fund Direct Growth
1/11
2,752Cr
0.5%
21.49%
25.63%
18.36%
Nippon India Banking & Financial Services Fund Direct Growth
2/11
6,967Cr
1.06%
18.34%
25.04%
14.7%
SBI Banking & Financial Services Fund Direct Growth
3/11
7,650Cr
0.75%
20.54%
24.5%
15.89%
See all
Positive: Beats FD returns for both 3Y & 5Y duration
Beats FD returns for both 3Y & 5Y duration
Negative: 5Y returns in the bottom 25% of the category
5Y returns in the bottom 25% of the category
Negative: 3Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

LIC MF Banking & Financial Services Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

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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 (13-May-25)

Fund Distribution

as on (13-May-25)

Equity 97.5%

Debt & Cash 2.5%

Large cap
60.7%
Small cap
27.2%
Mid cap
9.7%
Mid Cap allocation has gone down from 9.8% to 9.7%
Mid Cap allocation has gone down from 9.8% to 9.7%
Large Cap allocation has gone up from 59% to 60.7%
Large Cap allocation has gone up from 59% to 60.7%
Small Cap allocation has gone up from 25.8% to 27.2%
Small Cap allocation has gone up from 25.8% to 27.2%
Cash allocation has gone down from 5.5% to 2.5%
Cash allocation has gone down from 5.5% to 2.5%

LIC MF Banking & Financial Services Fund Sector Allocation

See fund sector allocation details as on (13-May-25)

Sector Allocation

Equity 97.5%

Debt & Cash 2.5%

Financial Services
95.8%
Consumer Cyclical
2.2%
Tech
2%

Top 3 Sectors in April were Financial Services, Tech & Consumer Cyclical

Apr'25

Financial Services

97%

Tech

2%

Consumer Cyclical

2%

Mar'25

Financial Services

97%

Tech

2%

Consumer Cyclical

2%

LIC MF Banking & Financial Services Fund Holdings Details

as on (30-Apr-25)

Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
20.81%
0%
ICICI Bank Ltd
13.08%
0%
Axis Bank Ltd
6.9%
0%
Kotak Mahindra Bank Ltd
6.61%
19.3%
State Bank of India
5.81%
0%
See all
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 5.67% to 6.61%
Kotak Mahindra Bank Ltd's allocation increased from 5.67% to 6.61%
Piramal Enterprises Ltd's allocation increased from 1.45% to 1.95%
Piramal Enterprises Ltd's allocation increased from 1.45% to 1.95%
Cholamandalam Investment and Finance Co Ltd's allocation increased from 0.68% to 1.17%
Cholamandalam Investment and Finance Co Ltd's allocation increased from 0.68% to 1.17%
Top Stocks sold last month
State Bank of India's allocation decreased from 5.91 % to 5.81 %
State Bank of India's allocation decreased from 5.91 % to 5.81 %
Power Finance Corp Ltd's allocation decreased from 3.5 % to 3.31 %
Power Finance Corp Ltd's allocation decreased from 3.5 % to 3.31 %
Mahindra & Mahindra Financial Services Ltd's allocation decreased from 2.88 % to 2.57 %
Mahindra & Mahindra Financial Services Ltd's allocation decreased from 2.88 % to 2.57 %

LIC MF Banking & Financial Services Fund Direct Growth Overview

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

Expense ratio1.05%
Benchmark
Nifty Financial Services TR INR
AUM₹264 Cr
Inception Date27 March, 2015
Min Lumpsum/SIP₹5000/₹200
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
59.76%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
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 . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Banking & Financial Services Fund Direct Growth has ₹264 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
  2. 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 11.63%, 21.08% and 23.91% respectively.

Holdings

LIC MF Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India

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 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 200.00. LIC MF Banking & Financial Services Fund Direct Growth has no lock in period.

Learn more about LIC Mutual Fund
Parameters
Apr'25
Mar'25
Feb'25
AUM
₹ 264 Cr
₹ 253.9 Cr
₹ 233.8 Cr
  • AUM of the fund stands at 264 Cr as of Apr'25
  • AUM increased by 10.1 Cr between Apr'25 and Mar'25

Compare LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund

VS

ICICI Prudential Banking and Financial Services Fund Direct Growth

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

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

The current NAV of LIC MF Banking & Financial Services Fund Direct Growth is ₹23.12 as on 19-May-2025.

What are the average returns of LIC MF Banking & Financial Services Fund Direct Growth?

Existing (Absolute + CAGR) as on 19-May-2025.
LIC MF Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.73%
3.73%
6 Month Returns
8.48%
8.48%
1 Year Returns
11.63%
11.63%
3 Years Returns
77.53%
21.08%

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

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.

What is the expense ratio of LIC MF Banking & Financial Services Fund Direct Growth?

1.05% as on April 2025

What is net assets under management (AUM) of LIC MF Banking & Financial Services Fund Direct Growth?

₹264 Cr as on April 2025

What are the top 5 holdings of LIC MF Banking & Financial Services Fund Direct Growth?

HDFC Bank Ltd(20.81%), ICICI Bank Ltd(13.08%), Axis Bank Ltd(6.9%), Kotak Mahindra Bank Ltd(6.61%), State Bank of India(5.81%) as on April 2025

What are the top 3 sectors that this LIC MF Banking & Financial Services Fund Direct Growth has invested in?

Financial Services(94.31%), Tech(1.67%), Consumer Cyclical(1.54%) as on April 2025

What is the alpha of LIC MF Banking & Financial Services Fund Direct Growth?

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
-15.28
-0.4
0.02
As on April 2025
The alpha for LIC MF Banking & Financial Services Fund Direct Growth is calculated against Nifty Financial Services TR 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%.

What is the beta of LIC MF Banking & Financial Services Fund Direct Growth??

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
1.14
0.97
0.91
As on April 2025
The Beta for LIC MF Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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.

What is the sharpe ratio of LIC MF Banking & Financial Services Fund Direct Growth?

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
-0.03
0.64
0.76
As on April 2025
The sharpe ratio for LIC MF Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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.

What is the standard deviation of LIC MF Banking & Financial Services Fund Direct Growth?

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
15.32
15.42
18.63
As on April 2025
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.

What is the Sortino ratio of LIC MF Banking & Financial Services Fund Direct Growth?

Sortino ratio is 1.29 as on April 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

What is the exit load of LIC MF Banking & Financial Services Fund Direct Growth?

The Exit load of LIC MF Banking & Financial Services Fund Direct Growth is 1%