Overview (as on 05 May 2021)



1y returns


Fund AUM

₹2,185 Cr

Expense Ratio




Min Lumpsum


Fund Performance


Asset Allocation

Sector Allocation
Cash Equivalent
Debt Credit Ratings

Key Metrics

Modified Duration 

1.46 yr

Average Maturity 

1.73 yr

Yield to Maturity 



Fund Details

Investment Objectives
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.
Scheme Name
LIC MF Banking & PSU Debt Fund Daily Payout of Income Dis cum Cap Wrdl
Scheme Document
Exit Load

After 0 Years : 0%

Plan Started
28 May, 2007
Fund Manager
Marzban Irani
Fund House Details
Fund House
LIC Mutual Fund Asset Management Limited
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,

Other Related Plans

Peer Funds

LIC MF Banking & PSU Debt Fund Daily Payout of ...



INDmoney Analysis


    Fund is in Bottom 50 percent in its Category

    Return score is based upon:

    Benchmark out performance
    Consistency of returns
    Indicative yields

    Fund is in Top 20 percent in its Category

    Risk score is based upon:

    Market sensitivity
    Credit risk
    Underlying maturity

    Fund has high quality bonds and commercial papers

    Credit Quality is based upon:

    Long term credit rating
    Credit rating outlook
    Probability of default

    Based on credit rating and modified duration of underlying instruments

Fund Manager

Marzban Irani
Marzban Irani


Work Experience
"Since June 2011 with Tata Asset Management Ltd as Sr Fund Manager. Aug 2010 to June 2011 with MetLife Insurance as Chief Manager Reporting to Head Of Investments. Jan 2008 to Aug 2010 Mirae Asset Management Ltd as Fund Manager Reporting to Head Of Fixed Income. Sep 2000 to Dec 2007 with Tata Asset Management Ltd as Fund Manager Reporting to Head Of Fixed Income."

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[SEBI RIA Registration No: INA100012190] [Type of Registration: Non-Individual] [Validity of registration: December 17, 2018-Perpetual] [Address: 616, 6th Floor, Suncity Success Tower, Golf Course Extension Road, Sector – 65, Gurugram, Haryana- 122005] [Principal Officer details: Mr. Gaurav Sharma, Email id:, Contact No. 8800826254] [Corresponding SEBI local office address: Securities and Exchange Board of India, Local Office, First Floor, SCO 127-128, Sector 17C, Chandigarh-160017]

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