- Mutual Funds
- LIC Mutual Fund
- LIC MF Banking & PSU Fund (Growth)
Formerly LIC MF Banking & PSU Debt Gr
LIC MF Banking & PSU Fund (Growth)
₹ 32.2145
NAV (Jul 25)
Banking and psu funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 32.2145
NAV (Jul 25)
Fund Returns
Last 1Y | 6.9% |
Last 3Y | 5% |
Last 5Y | 5.7% |
Last 10Y | 6.6% |
Since Inception | 7.1% |
6 Month CAGR | 3.9% |
Scheme Information
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 | 0.78 |
Launched (17y ago) | May 28, 2007 |
AUM in Crores | 1408.325 |
ISIN | INF767K01535 |
Lock-in | No Lock-in |
Benchmark | NIFTY Banking & PSU Debt TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1 |
Standard Deviation (5yr) | 1.5 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -0.827 |
Sharpe Ratio (5yr) | 0.405 |
YTM | 7.52 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| LIC MF Banking & PSU Fund (Growth) | 8,38,183 | 1,05,571 | 5.6% | |
| 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 Debt Holdings
small industries development bank of india
4.4%power grid corporation of india limited
4%bank of baroda
3.7%power grid corporation of india limited
3.6%7.1% govt stock 2034
3.5%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,916 cr | ||
₹ 10,652 cr | ||
₹ 53,696 cr | ||
₹ 15,103 cr | ||
₹ 15,072 cr |
About the AMC
LIC Mutual Fund Asset Management Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
5.1% | 7.7% | ||
5.1% | 6.6% | ||
5.1% | 6.6% | ||
13.2% | 5.5% | ||
37.4% | 10.4% |
LIC MF Banking & PSU Fund (G) Review
LIC MF Banking & PSU Fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 7.1% over a period of 17 years. The fund was previously known as LIC MF Banking & PSU Debt Gr. The fund is managed by LIC Mutual Fund Asset Management Limited. The fund managers are Marzban Irani, Pratik Shroff.
Nav of LIC MF Banking & PSU Fund (G) as of 7/25/2024 is ₹32.21 with the total AUM as of 7/26/2024 is ₹1408.325. With Scripbox you can compare and check the latest nav for all mutual funds in India. LIC MF Banking & PSU Fund (G) was launched on May 28, 2007. The category risk of the fund is Moderate Risk.
The minimum SIP amount for LIC MF Banking & PSU 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 & PSU Fund (G) 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 Fund (G) is rated as a 1 fund in Debt and delivered 6.8% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with LIC MF Banking & PSU Fund (G).
Frequently Asked Questions
What is LIC MF Banking & PSU Fund (G)?
How to invest in LIC MF Banking & PSU Fund (G)?
You can invest in LIC MF Banking & PSU 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 & PSU Fund (G)?
The minimum sip amount for LIC MF Banking & PSU Fund (G) is ₹1000. You can invest in multiples of ₹5000.
Is LIC MF Banking & PSU Fund (G) good to invest in?
As per Scripbox experts, LIC MF Banking & PSU Fund (G) is a Not Recommended fund. You can investLIC MF Banking & PSU 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 & PSU Fund (G)?
The expense ratio of the LIC MF Banking & PSU Fund (G) is 0.78% for regular plan.