LIC MF Banking & PSU Fund

LIC MF Banking & PSU Fund

Debt

LIC Mutual Fund

Banking & Psu

Get the latest NAV of LIC MF Banking & PSU Fund. 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.

₹38.87

NAV as on 13 Mar 2026

7.39%/per year

Since Inception

Absolute Gain%

▲▼

24 people have invested ₹ 64.7K in LIC MF Banking & PSU Fund in the last three months

LIC MF Banking & PSU Fund Performance vs. Banking and PSU Index

Fund returns vs Benchmark returns vs Category Average returns as on (13-Mar-26)

The fund has consistently outperformed the benchmark (Banking and PSU Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.12%
0.83%
2.33%
7.31%
7.63%
6.21%
Banking and PSU Index
0.03%
0.74%
2.06%
6.37%
6.29%
5.42%
Banking & Psu Avg
0.02%
0.7%
2.09%
6.56%
7.08%
6.25%
Best in Banking & Psu
0.36%
1.4%
3.24%
7.95%
7.79%
7.49%
Worst in Banking & Psu
0.01%
0.68%
2.06%
6.26%
7.03%
5.78%
Category Rank
10/12
7/12
7/12
9/12
9/12
--

LIC MF Banking & PSU Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

5
/12
51% Performance
44% Risk Management
60% Cost

Ranked 5 out of 12 mutual funds in the banking & psu category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
LIC MF Banking & PSU Fund
5/12
1,879Cr
0.28%
7.31%
7.63%
0.50
1.11
0.88
1.67
1.42
ICICI Prudential Banking and PSU Debt Fund
1/12
9,489Cr
0.39%
7.21%
7.74%
0.80
0.76
1.35
2.71
1.55
UTI Banking & PSU Fund
2/12
1,099Cr
0.2%
7.44%
7.63%
0.62
0.79
1.09
2.34
1.05
Kotak Banking and PSU Debt Fund
3/12
5,409Cr
0.4%
7.5%
7.78%
0.65
1.05
1.03
1.97
1.85
See all

LIC MF Banking & PSU Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
▲
▼

LIC MF Banking & PSU Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

AAA
100%
Cash allocation has gone up from 19.1% to 36.9%
Cash allocation has gone up from 19.1% to 36.9%
Debt allocation has gone down from 80.7% to 62.8%
Debt allocation has gone down from 80.7% to 62.8%

LIC MF Banking & PSU Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Corporate
49.5%
Government
46.8%
Cash Equivalent
3.8%

Top 2 Sectors in February were Corporate, Government

Feb'26

Corporate

59%

Government

30%

Jan'26

Corporate

55%

Government

36%

LIC MF Banking & PSU Fund Overview

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

Expense ratio0.28%
Benchmark
NIFTY Banking & PSU Debt TR INR
AUM₹1879 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5,000/₹200
Exit Load0%
Lock InNo Lock-in
TurnOver
121.74%
Risk
Risk meter
pointer
Moderate Risk

About LIC MF Banking & PSU Fund

LIC MF Banking & PSU Fund is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Rahul Singh, Pratik Shroff. This fund is suitable to keep your money safe.

Key Parameters

  1. LIC MF Banking & PSU Fund has ₹1879 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

LIC MF Banking & PSU Fund 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 7.31%, 7.63% and 6.21% respectively.

Holdings

LIC MF Banking & PSU Fund has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Highways Authority Of India, Canara Bank, HDFC Bank Limited, NLc India Limited, Small Industries Development Bank Of India

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of LIC MF Banking & PSU Fund

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 200.00. LIC MF Banking & PSU Fund has no lock in period.

Fund Manager

Rahul Singh

Fund Manager of LIC MF Banking & PSU Fund, since 1 October 2025

Pratik Shroff

Fund Manager of LIC MF Banking & PSU Fund, since 26 September 2023

Learn more about LIC Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 1.9K Cr
₹ 1.9K Cr
₹ 1.9K Cr
  • AUM of the fund stands at 1.9K Cr as of Feb'26
  • AUM increased by 12.7 Cr between Feb'26 and Jan'26

Frequently Asked Questions for LIC MF Banking & PSU Fund

How do I invest in LIC MF Banking & PSU Fund?

INDmoney makes it simple to invest in the LIC MF Banking & PSU Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘LIC MF Banking & PSU Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of LIC MF Banking & PSU Fund?

The NAV of the fund today is ₹38.87. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

LIC MF Banking & PSU Fund fund has generated a return of 7.31% in 1 year, 7.63% in 3 years, 6.21% in 5 years.

Who is the fund manager of LIC MF Banking & PSU Fund?

The fund managers are Rahul Singh, Pratik Shroff.

What is the expense ratio of the fund?

The expense ratio is 0.28%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹1879 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of LIC MF Banking & PSU Fund?

The top 3 holdings of the fund are National Highways Authority Of India(5.56%), Canara Bank(5.01%), HDFC Bank Limited(3.87%)