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Fincash » Mutual Funds » LIC MF Banking Financial Services Fund

LIC MF Banking & Financial Services Fund - G

NAV  ₹21.3405 ↑ 0.29  (1.36 %) as on 9 Jun 25

Scheme 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 realised.

LIC MF Banking & Financial Services Fund is a Equity - Sectoral fund launched on 27 Mar 15. It is a fund with High risk and has given a CAGR return of 7.6% since its launch.  Return for 2024 was 0.5% , 2023 was 20.5% and 2022 was 19.6% .

Below is the key information for LIC MF Banking & Financial Services Fund

NAV as on 9 Jun 25₹21.3405 ↑ 0.29  (1.36 %)
Net Assets (AUM) as on 30 Apr 2025 ₹264 Cr.
Launch Date27 Mar 2015
CategoryEquity - Sectoral
RatingNot Rated
TypeOpen Ended Fund
RiskHigh
AMCLIC Mutual Fund Asset Mgmt Co Ltd
Alpha Ratio-16.9
Expense Ratio2.3 %
Sharpe Ratio-0.133
Information Ratio-0.42
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Jun 25

DurationReturns
1 Month 7.3%
3 Month 17.2%
6 Month 4.5%
1 Year 10.7%
3 Year 17.9%
5 Year 19.5%
10 Year
15 Year
Since launch 7.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2024 0.5%
2023 20.5%
2022 19.6%
2021 9.8%
2020 -2.1%
2019 19.9%
2018 -18%
2017 32.7%
2016 10.5%

Growth of 10k Over Years

DateValue
31 May 20₹10,000
31 May 21₹16,315
31 May 22₹15,770
31 May 23₹19,957
31 May 24₹23,051
31 May 25₹25,404

Asset Allocation

Asset ClassValue
Cash2.48%
Equity97.52%

Sector Allocation

SectorValue
Financial Services94.31%
Technology1.67%
Consumer Cyclical1.54%

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
Banks - Regional21%₹55 Cr285,422
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
Banks - Regional13%₹35 Cr241,886
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
Banks - Regional7%₹18 Cr153,802
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | KOTAKBANK
Banks - Regional7%₹17 Cr79,060
↑ 12,785
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
Banks - Regional6%₹15 Cr194,490
MAS Financial Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 22 | MASFIN
Credit Services4%₹10 Cr392,014
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 532810
Credit Services3%₹9 Cr214,360
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC
Credit Services3%₹7 Cr67,618
Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Dec 23 | M&MFIN
Credit Services3%₹7 Cr258,608
CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 22 | CSBBANK
Banks - Regional3%₹7 Cr190,848
↓ -40,893
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Fund Managers

NameSinceTenure
Jaiprakash Toshniwal6 Sep 213.74 Yr.

Custodians

CompanyAddress
Standard Chartered Bank - IndiaStandard Chartered Bank - India

Registrar & Transfer Agent

KFin Technologies Ltd
Address138 -Suyesh Solitaire, Nr. Podar International School,Kudasan, Gandhinagar, Gujarat
FAXN.A
EmailN.A

Administrator Companies

CompanyAddress
LIC Mutual Fund4th Floor, Industrial Assurance Bldg.,Opp.Churchgate Station,Churchgate

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
LIC MF Banking & Financial Services Fund
Growth
₹21.3405
↑ 0.29
4.48 %10.67 %17.95 %19.52 %
LIC MF Banking & Financial Services Fund
Normal Dividend, Payout
₹21.3367
↑ 0.29
4.48 %10.67 %17.95 %19.52 %
LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment
₹21.3367
↑ 0.29
4.48 %10.67 %17.95 %19.52 %
Data as on 9 Jun 25

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.