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Historical NAV
₹ 14.7632
NAV (Oct 21)
Fund Returns
Last 1Y
50.7%
Last 3Y
16.4%
Last 5Y
7.2%
Last 10Y
NA
Since Inception
6.1%
6 Month CAGR
25.7%
Scheme Information
Investment Objective
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However,there can be no assurance that the investment objective of the Scheme will be achieved.
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.
LIC Mutual Fund Asset Management Limited manages assets worth 18,625 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.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
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01
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About LIC MF Banking & Financial Services Fund (G)
About LIC MF Banking & Financial Services Fund (G)
LIC MF Banking & Financial Services Fund (G) is a Sectoral / Thematic - Bfsi Equity fund and has delivered an annualised return of 6.1% over a period of 6 years. . The fund is managed by LIC Mutual Fund Asset Management Limited. The fund manager’s name is Yogesh Patil
LIC MF Banking & Financial Services Fund (G) Investment Objective
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However,there can be no assurance that the investment objective of the Scheme will be achieved. . However, there is no assurance that the objective of the scheme will be realized.
LIC MF Banking & Financial Services Fund (G) NAV,AUM,Risk
The LIC MF Banking & Financial Services Fund (G) fund was launched on Mar 27, 2015. The NAV (Net Asset Value) of this Sectoral / Thematic - Bfsi Equity fund as of 2021-10-21 is ₹14.76. The total AUM (Asset Under Management) of the fund as of 22/10/2021 is ₹61.785. The category risk of the LIC MF Banking & Financial Services Fund (G) fund is Very High Risk. The fund charges 2.8 % as expense ratio.
LIC MF Banking & Financial Services Fund (G) Holdings
The fund’s highest allocation is towards Equity and has invested 97.3% in this asset class. The top three holdings of the fund are , hdfc bank ltd , icici bank ltd , state bank of india , axis bank ltd , housing development finance corp ltd , kotak mahindra bank ltd , the federal bank ltd , city union bank ltd , treps , bajaj finance ltd , hdfc life insurance company limited , sbi life insurance company limited , bank of baroda , central depository services (india) ltd , dcb bank ltd , icici prudential life insurance company limited , sundaram finance ltd , icici lombard general insurance co ltd , net receivables / (payables) , rbl bank ltd
LIC MF Banking & Financial Services Fund (G) Sip
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.
LIC MF Banking & Financial Services Fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty Financial Services TR INR
LIC MF Banking & Financial Services Fund (G) Review
LIC MF Banking & Financial Services Fund (G) has a score of 2 on a scale of 5. The fund scores 3 out of 5 based on historical performance.
As compared to the other funds in its category, LIC MF Banking & Financial Services Fund (G) has a score of 1 out of 5
Scipbox has rated this fund 2 out of 5 based on consistency of performance over various years / tenures.
