• Mutual Funds
  • LIC Mutual Fund
  • LIC MF Banking & PSU Debt Fund (RIDCW-W)

Formerly LIC MF Banking and PSU Debt Wk DR

LIC Mutual Fund

LIC MF Banking & PSU Debt Fund (RIDCW-W)

DebtBanking And Psu

10.0029

NAV (May 19)

5.5%
3 Year CAGR
Scripbox Opinion

Not Recommended

Click here for top ranked funds in banking and psu mutual funds.

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.

Our analysis of this fundLearn how we rate funds ->

Track Record

15 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

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

Invest in this fund

Scripbox Recommended Debt Funds

Want the floating rate funds that are right for your short term investment needs?

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

10.0029

NAV (May 19)

Fund Returns

Last 1Y

2.1%

Last 3Y

5.5%

Last 5Y

4.4%

Last 10Y

5%

Since Inception

5%

6 Month CAGR

0.6%

Scheme Information

Investment Objective

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.

Expense Ratio

0.83

Launched (15y ago)

May 28, 2007

AUM in Crores

1312.379

ISIN

INF767K01576

Lock-in

No Lock-in

Benchmark

NIFTY Banking & PSU Debt TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Sanjay Pawar

Fund Manager

Marzban Irani

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 93,3385.00%

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.

Asset allocation and Holdings

Last updated on 2022-05-19

Top Debt Holdings

treps

18.2%
18.2%

indian railway finance corporation limited

5.7%
5.7%

axis bank limited

5.7%
5.7%

housing and urban development corporation limited

4%
4%

hindustan petroleum corporation limited

3.9%
3.9%
See all holdings
allocation by market cap

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 39,901 cr

5

₹ 16,108 cr

5

₹ 13,070 cr

5

₹ 15,495 cr

5

₹ 39,901 cr

5

About the AMC

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.

amc-img

  • 022-66016000
  • cs.co@licmf.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    5.2%

    5.5%

    8.5%

    7.9%

    4.2%

    6.9%

    3.6%

    5.4%

    3.6%

    5.4%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    LIC MF Banking & PSU Debt Fund (RIDCW-W) Review

    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).

    Frequently Asked Questions

    What is LIC MF Banking & PSU Debt Fund (RIDCW-W)?

    LIC MF Banking & PSU Debt Fund (RIDCW-W) is a Banking And Psu Debt scheme predominantly investing across Debt stocks with an investment objective to generate wealth over the long term.

    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.