LIC MF Banking & PSU Fund Direct Growth

LIC MF Banking & PSU Fund Direct Growth

Debt

LIC Mutual Fund

Banking & Psu

Get the latest NAV of LIC MF Banking & PSU 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.

₹37.20

NAV as on 09 May 2025

7.53%/per year

Since Inception

Absolute Gain%

▲▼

27 people have invested ₹ 63.8K in LIC MF Banking & PSU Fund Direct Growth in the last three months

Fund Performance

as on (09-May-25)

Period
This Fund
Banking and PSU Index
1 Month
0.75%
0.63%
3 Months
2.98%
2.61%
6 Months
4.84%
4.23%
1 Year
9.57%
8.5%
3 Years
7.55%
7.17%
5 Years
6.35%
6.24%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
LIC MF Banking & PSU Fund
10/12
1,829Cr
0.28%
9.57%
7.55%
7.53%
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth
3/12
8,826Cr
0.39%
9.42%
7.68%
8.52%
ICICI Prudential Banking and PSU Debt Fund Direct Growth
4/12
10,415Cr
0.39%
9.14%
7.97%
8.25%
Axis Banking & PSU Debt Fund Direct Growth
5/12
13,313Cr
0.35%
9.04%
7.23%
7.9%
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

as on (31-Dec-69)

Fund Distribution

as on (31-Dec-69)

Debt & Cash 99.7%

AAA
100%
Cash allocation has gone down from 8.8% to 7.8%
Cash allocation has gone down from 8.8% to 7.8%
Debt allocation has gone up from 91% to 91.9%
Debt allocation has gone up from 91% to 91.9%

LIC MF Banking & PSU Fund Sector Allocation

as on (31-Dec-69)

Sector Allocation

Debt & Cash 99.7%

Government
49.2%
Corporate
47.7%
Cash Equivalent
3.1%

Top 2 Sectors in March were Government, Corporate

Mar'25

Government

50%

Corporate

47%

Feb'25

Government

51%

Corporate

45%

LIC MF Banking & PSU Fund Holdings Details

as on (30-Apr-25)

Debt & Cash

Holdings
Weight%
1M Change
Small Industries Development Bank Of India
4.36%
0%
7.1% Govt Stock 2034
3.89%
0%
NLc India Limited
3.67%
0%
Export-Import Bank Of India
3.1%
0%
Rural Electrification Corporation Limited
2.95%
0%
See all
Top Stocks bought last month
Small Industries Development Bank Of India's allocation increased from 0.27% to 4.31%
Small Industries Development Bank Of India's allocation increased from 0.27% to 4.31%
Power Finance Corporation Limited's allocation increased from 1.5% to 2.86%
Power Finance Corporation Limited's allocation increased from 1.5% to 2.86%
Power Grid Corporation Of India Limited's allocation increased from 2.29% to 3.03%
Power Grid Corporation Of India Limited's allocation increased from 2.29% to 3.03%
Top Stocks sold last month
Export-Import Bank Of India's allocation decreased from 5.26 % to 4.53 %
Export-Import Bank Of India's allocation decreased from 5.26 % to 4.53 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 4.31 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 4.31 %
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 3.44 %
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 3.44 %

LIC MF Banking & PSU Fund Direct Growth 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₹1829 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹200
Exit Load0%
Lock InNo Lock-in
TurnOver
123.98%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

About LIC MF Banking & PSU 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 Marzban Irani. This fund is suitable to keep your money safe.

Key Parameters

  1. LIC MF Banking & PSU Fund Direct Growth has ₹1829 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 7.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.57%, 7.55% and 6.35% respectively.

Holdings

LIC MF Banking & PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are Small Industries Development Bank Of India, 7.1% Govt Stock 2034, NLc India Limited, Export-Import Bank Of India, Rural Electrification Corporation 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:
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 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 200.00. LIC MF Banking & PSU Fund Direct Growth has no lock in period.

Fund Manager

Marzban Irani

Fund Manager of LIC MF Banking & PSU Fund Direct Growth, since 10 August 2016

Learn more about LIC Mutual Fund
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 1.7K Cr
₹ 1.9K Cr
₹ 1.8K Cr
  • AUM of the fund stands at 1.7K Cr as of Mar'25
  • AUM decreased by 180.1 Cr between Mar'25 and Feb'25

Frequently Asked Questions for LIC MF Banking & PSU Fund Direct Growth

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

The current NAV of LIC MF Banking & PSU Fund Direct Growth is ₹37.2 as on 09-May-2025.

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

Existing (Absolute + CAGR) as on 09-May-2025.
LIC MF Banking & PSU Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.75%
0.75%
6 Month Returns
4.84%
4.84%
1 Year Returns
9.57%
9.57%
3 Years Returns
24.39%
7.55%

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

0.28% as on April 2025

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

₹1829 Cr as on April 2025

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

Small Industries Development Bank Of India(4.36%), 7.1% Govt Stock 2034(3.89%), NLc India Limited(3.67%), Export-Import Bank Of India(3.1%), Rural Electrification Corporation Limited(2.95%) as on April 2025

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

Government(48.41%), Corporate(48.28%), Cash Equivalent(3.3%) as on April 2025

What is the yield to maturity ratio of LIC MF Banking & PSU Fund Direct Growth?

Yield to Maturity is 7.07 as on April 2025. 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.

What is the modified duration of LIC MF Banking & PSU Fund Direct Growth?

Modified Duration is 3.8 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.

What is the credit rating breakup of LIC MF Banking & PSU Fund Direct Growth?

AAA
100

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

Marzban Irani is the fund manager of LIC MF Banking & PSU Fund Direct Growth

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

The Exit load of LIC MF Banking & PSU Fund Direct Growth is 0%