Formerly LIC MF Banking and PSU Debt Dl DR
However, Scripbox does not recommend investing in banking and psu mutual funds.
Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.
They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.
The category accounts for close to 8% of the total assets in the Debt Segment.
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
14 Years. The Fund has Sufficient history for analysis and the track record is good.
2,186 Cr. Medium within the category
Impact of Interest Rate Changes
High Interest Rate Risk. The impact on fund value is high when interest rates change
Credit Quality Of Fund's Portfolio
Low Credit Risk. The fund has a high credit quality compared to other debt funds
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.
Low to Moderate
Low to Moderate Risk
May 28, 2007
Launched (14y ago)
AUM in Crores
NIFTY Banking & PSU Debt TR INR
Returns Calculator Comparison
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 965,796||₹ 233,184||11.25%|
|EPF||₹ 900,761||₹ 168,149||8.50%|
|Property||₹ 867,662||₹ 135,050||7.00%|
|PPF||₹ 869,819||₹ 137,207||7.10%|
|Bank FD||₹ 846,471||₹ 113,859||6.00%|
|Gold||₹ 846,471||₹ 113,859||6.00%|
|Savings Bank||₹ 825,950||₹ 93,338||5.00%|
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Comparison with Debt Funds
About the AMC
LIC Mutual Fund Asset Management Limited
LIC Mutual Fund Asset Management Limited manages assets worth 13,885 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 24 equity,40 debt and 32 hybrid funds.
₹ 501 Cr
₹ 33 Cr
₹ 844 Cr
₹ 1,028 Cr
₹ 6,657 Cr
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LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (RIDCW-D) is a banking and psu debt fund and has delivered an annualised return of 5.0% over a period of 14 years .The fund was previously known as LIC MF Banking and PSU Debt Dl DR.The fund is managed by LIC Mutual Fund Asset Management Limited.The fund manager’s name is Marzban Irani.
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. However, there is no assurance that the objective of the scheme will be realized.
The LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (RIDCW-D) fund was launched on May 28, 2007. The NAV (Net Asset Value) of this banking and psu debt as of 2021-05-06 is ₹ 10.6246. The total AUM (Asset Under Management) of the fund as of 2021-05-07 is ₹ 2185.209. The category risk of the LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (RIDCW-D) fund is Low to Moderate Risk. The fund charges 0.83 % as expense ratio.
The fund’s highest allocation is towards debt and has invested 76.1% in this asset class. The top three holdings of the fund are 4.48% govt stock 2023,indian oil corporation limited and national highways authority of india
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Banking & PSU Debt TR INR.
LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (RIDCW-D) has a score of 3 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (RIDCW-D) has a score of 3 out of 5. The credit risk of the fund is 4 out of 5 as compared to other debt funds.