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.

₹37.67

NAV as on 27 Jun 2025

7.56%/per year

Since Inception

Absolute Gain%

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32 people have invested ₹ 2.7L in LIC MF Banking & PSU Fund Direct Growth in the last three months

Fund Performance

as on (27-Jun-25)

Period
This Fund
Banking and PSU Index
1 Month
-0.04%
-0.16%
3 Months
2.95%
2.5%
6 Months
5.39%
4.57%
1 Year
9.75%
8.63%
3 Years
7.81%
7.37%
5 Years
6.14%
5.92%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
LIC MF Banking & PSU Fund
7/12
1,932Cr
0.28%
9.75%
7.81%
7.56%
Kotak Banking and PSU Debt Fund Direct Growth
1/12
6,198Cr
0.4%
9.51%
8.17%
8.27%
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth
2/12
9,130Cr
0.39%
9.38%
7.88%
8.52%
ICICI Prudential Banking and PSU Debt Fund Direct Growth
3/12
10,485Cr
0.39%
9.13%
8.25%
8.26%
See all

LIC MF Banking & PSU Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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Total Investment

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Total Corpus

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LIC MF Banking & PSU Fund Asset Allocation

See fund asset allocation details as on (14-Jun-25)

Fund Distribution

as on (14-Jun-25)

Debt & Cash 99.8%

AAA
100%
Cash allocation has gone down from 12% to 9.5%
Cash allocation has gone down from 12% to 9.5%
Debt allocation has gone up from 87.8% to 90.2%
Debt allocation has gone up from 87.8% to 90.2%

LIC MF Banking & PSU Fund Sector Allocation

See fund sector allocation details as on (14-Jun-25)

Sector Allocation

Debt & Cash 99.8%

Corporate
48.6%
Government
39.7%
Cash Equivalent
11.7%

Top 2 Sectors in May were Government, Corporate

May'25

Corporate

52%

Government

46%

Apr'25

Government

48%

Corporate

48%

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₹1932 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 ₹1932 Cr worth of assets under management (AUM) as on Jun 2025 and is more 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 7.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.75%, 7.81% and 6.14% respectively.

Holdings

LIC MF Banking & PSU Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are Small Industries Development Bank Of India, NLc India Limited, 6.79% Govt Stock 2034, 7.1% Govt Stock 2034, Export Import 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 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
May'25
Apr'25
Mar'25
AUM
₹ 1.9K Cr
₹ 1.8K Cr
₹ 1.7K Cr
  • AUM of the fund stands at 1.9K Cr as of May'25
  • AUM increased by 102.8 Cr between May'25 and Apr'25

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

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 ₹37.67. 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 9.75% in 1 year, 7.81% in 3 years, 6.14% in 5 years.

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

The fund managers are Marzban Irani.

What is the exit load of the fund?

The exit load is . Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

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 ₹1932 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 Small Industries Development Bank Of India(4.12%), NLc India Limited(3.22%), 6.79% Govt Stock 2034(3.19%)