Formerly LIC MF Banking and PSU Debt Wk 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.
15 Years. The Fund has Sufficient history for analysis and the track record is good.
1,313 Cr. Medium within the category
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low 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
Want the floating rate funds that are right for your short term investment needs?
NAV (May 19)
6 Month CAGR
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.
Launched (15y ago)
May 28, 2007
AUM in Crores
NIFTY Banking & PSU Debt TR INR
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
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.
indian railway finance corporation limited5.7%
axis bank limited5.7%
housing and urban development corporation limited4%
hindustan petroleum corporation limited3.9%
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 39,901 cr
₹ 16,108 cr
₹ 13,070 cr
₹ 15,495 cr
₹ 39,901 cr
LIC Mutual Fund Asset Management Limited
LIC Mutual Fund Asset Management Limited manages assets worth 14,997 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.
|Fund Name||Scripbox Opinion||Till Date CAGR|
LIC MF Banking & PSU Debt Fund (RIDCW-W) is a Banking And Psu Debt fund and has delivered an annualised return of 5% over a period of 14 years. The fund was previously known as LIC MF Banking and PSU Debt Wk DR. The fund is managed by LIC Mutual Fund Asset Management Limited. The fund managers are Marzban Irani, Sanjay Pawar.
Nav of LIC MF Banking & PSU Debt Fund (RIDCW-W) as of 5/19/2022 is ₹10.00 with the total AUM as of 5/20/2022 is ₹1312.379. With Scripbox you can compare and check the latest nav for all mutual funds in India. LIC MF Banking & PSU Debt Fund (RIDCW-W) was launched on May 28, 2007. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for LIC MF Banking & PSU Debt Fund (RIDCW-W) 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. Check your estimated returns on mutual funds by using sip calculator.
LIC MF Banking & PSU Debt Fund (RIDCW-W) 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 (RIDCW-W) is rated as a 1 fund in Debt and delivered 2.1% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with LIC MF Banking & PSU Debt Fund (RIDCW-W).
What is LIC MF Banking & PSU Debt Fund (RIDCW-W)?
How to invest in LIC MF Banking & PSU Debt Fund (RIDCW-W)?
You can invest in LIC MF Banking & PSU Debt Fund (RIDCW-W) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of LIC MF Banking & PSU Debt Fund (RIDCW-W)?
The minimum sip amount for LIC MF Banking & PSU Debt Fund (RIDCW-W) is ₹1000. You can invest in multiples of ₹5000.
Is LIC MF Banking & PSU Debt Fund (RIDCW-W) good to invest in?
As per Scripbox experts, LIC MF Banking & PSU Debt Fund (RIDCW-W) is a Not Recommended fund. You can investLIC MF Banking & PSU Debt Fund (RIDCW-W) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the LIC MF Banking & PSU Debt Fund (RIDCW-W)?
The expense ratio of the LIC MF Banking & PSU Debt Fund (RIDCW-W) is 0.83% for regular plan.