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LIC Mutual Fund

LIC MF Banking & Financial Services Fund (Growth)

EquitySectoral / Thematic - Bfsi

20.0561

NAV (Jun 24)

11.8%
5 Year CAGR
Scripbox Opinion
Not Recommended
Click here for top ranked funds in sectoral / thematic - bfsi mutual funds.

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).

Our analysis of this fundLearn how we rate funds ->

Fund Size

Neutral

The performance of the fund on a Fund Size metric has been Neutral

Outperformance Consistency

Neutral

The performance of the fund on a Outperformance Consistency metric has been Neutral

Scripbox Recommended Equity Funds
Want the equity funds that are right for your long term equity investment needs?Learn more

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

20.0561

NAV (Jun 24)

Fund Returns

Last 1Y
19.5%
Last 3Y
13.3%
Last 5Y
11.1%
Last 10Y
NA
Since Inception
7.6%
6 Month CAGR
7.1%

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.

Expense Ratio
2.42
Launched (9y ago)
Mar 27, 2015
AUM in Crores
285.188
ISIN
INF767K01NH2
Lock-in
No Lock-in
Benchmark
Nifty Financial Services TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
15.4
Standard Deviation (5yr)
24.2
Beta (3yr)
0.92
Beta (5yr)
0.94
Sharpe Ratio (3yr)
0.47
Sharpe Ratio (5yr)
0.302
YTM
0
Fund Managers

Jaiprakash Toshniwal

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
LIC MF Banking & Financial Services Fund (Growth)70%9,79,519 2,46,90711.8%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 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 2024-06-24

Top Stock Holdings

hdfc bank ltd

21.4%
21.4%

icici bank ltd

12.1%
12.1%

axis bank ltd

7.2%
7.2%

state bank of india

5.9%
5.9%

the federal bank ltd

4.2%
4.2%
See all holdings

Allocation by Sector

financial services

98.2%
98.2%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
DSP ELSS Tax Saver Fund (G)
DSP ELSS Tax Saver Fund (G)

₹ 15,161 cr

₹ 19,454 cr

₹ 22,620 cr

₹ 42,669 cr

₹ 66,383 cr

amc-img

About the AMC

LIC Mutual Fund Asset Management Limited

LIC Mutual Fund Asset Management Limited manages assets worth 28,347 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 48 equity,45 debt and 36 hybrid funds.amc-img
phone-img022-66016000
Fund NameScripbox Opinion
Till Date CAGR

4.9%

7.7%

4.9%

6.6%

4.9%

6.6%

14.5%

5.7%

37.6%

10.2%

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 7.9% over a period of 9 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 6/24/2024 is ₹20.06 with the total AUM as of 6/25/2024 is ₹285.188. 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 Nifty Financial Services TR INR.

LIC MF Banking & Financial Services Fund (G) is rated as a 1 fund in Equity and delivered 20% 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)?

LIC MF Banking & Financial Services Fund (G) is a Sectoral / Thematic - Bfsi Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

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 2.42% for regular plan.