- Mutual Funds
- LIC Mutual Fund
- LIC MF Banking & Financial Services Fund (Growth)
LIC MF Banking & Financial Services Fund (Growth)
₹ 16.2196
NAV (May 26)
Sectoral / thematic - bfsi funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 16.2196
NAV (May 26)
Fund Returns
Last 1Y | 28.9% |
Last 3Y | 29.2% |
Last 5Y | 8.6% |
Last 10Y | NA |
Since Inception | 6.1% |
6 Month CAGR | 3% |
Scheme Information
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.
Expense Ratio | 2.51 |
Launched (8y ago) | Mar 27, 2015 |
AUM in Crores | 140.894 |
ISIN | INF767K01NH2 |
Lock-in | No Lock-in |
Benchmark | IISL Nifty Financial Services TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 21.2 |
Standard Deviation (5yr) | 25.6 |
Beta (3yr) | 0.89 |
Beta (5yr) | 0.96 |
Sharpe Ratio (3yr) | 0.798 |
Sharpe Ratio (5yr) | 0.205 |
YTM | 0 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| LIC MF Banking & Financial Services Fund (Growth) | 9,03,025 | 1,70,413 | 8.6% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 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.
Asset allocation and Holdings
Top Stock Holdings
icici bank ltd
15.8%hdfc bank ltd
10.9%state bank of india
9.9%axis bank ltd
9.3%housing development finance corp ltd
8.8%Allocation by Sector
financial services
93.6%healthcare
2.2%Comparison with Equity Funds
| Fund Name | Fund Size | Outperformance Consistency |
|---|---|---|
₹ 10,178 cr | ||
₹ 8,056 cr | ||
₹ 14,448 cr | ||
₹ 8,860 cr | ||
₹ 7,811 cr |
About the AMC
LIC Mutual Fund Asset Management Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.2% | 6.9% | ||
4.1% | 5.4% | ||
4.1% | 5.4% | ||
26.9% | 13.2% | ||
4.9% | 6.4% |
LIC MF Banking & Financial Services Fund (G) Review
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 8 years. The fund is managed by LIC Mutual Fund Asset Management Limited. The fund manager’s name is Jaiprakash Toshniwal.
Nav of LIC MF Banking & Financial Services Fund (G) as of 5/26/2023 is ₹16.22 with the total AUM as of 5/27/2023 is ₹140.894. With Scripbox you can compare and check the latest nav for all mutual funds in India. LIC MF Banking & Financial Services Fund (G) was launched on Mar 27, 2015. The category risk of the fund is Very High Risk.
The minimum SIP amount for LIC MF Banking & Financial Services Fund (G) 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 & Financial Services Fund (G) 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) is rated as a 1 fund in Equity and delivered 28.9% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with LIC MF Banking & Financial Services Fund (G).
Frequently Asked Questions
What is LIC MF Banking & Financial Services Fund (G)?
How to invest in LIC MF Banking & Financial Services Fund (G)?
You can invest in LIC MF Banking & Financial Services Fund (G) 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 & Financial Services Fund (G)?
The minimum sip amount for LIC MF Banking & Financial Services Fund (G) is ₹1000. You can invest in multiples of ₹5000.
Is LIC MF Banking & Financial Services Fund (G) good to invest in?
As per Scripbox experts, LIC MF Banking & Financial Services Fund (G) is a Not Recommended fund. You can investLIC MF Banking & Financial Services Fund (G) 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 & Financial Services Fund (G)?
The expense ratio of the LIC MF Banking & Financial Services Fund (G) is 2.51% for regular plan.