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Fincash » Mutual Funds » LIC MF Banking Financial Services Fund

LIC MF Banking & Financial Services Fund - G

NAV  ₹8.6242 ↑ 0.14  (1.70 %) as on 25 Sep 20

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 -2.7% since its launch.  Return for 2019 was 19.9% , 2018 was -18% and 2017 was 32.7% .

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

NAV as on 25 Sep 20₹8.6242 ↑ 0.14  (1.70 %)
Net Assets (AUM) as on 31 Aug 2020 ₹49 Cr.
Launch Date27 Mar 2015
CategoryEquity - Sectoral
RatingNot Rated
TypeOpen Ended Fund
RiskHigh
AMCLIC Mutual Fund Asset Mgmt Co Ltd
Alpha Ratio-6.52
Expense Ratio2.82 %
Sharpe Ratio-0.273
Information Ratio-0.96
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 25 Sep 20

DurationReturns
1 Month -7.1%
3 Month -0.8%
6 Month 12.1%
1 Year -24.9%
3 Year -8.3%
5 Year -1.6%
10 Year
15 Year
Since launch -2.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2019 19.9%
2018 -18%
2017 32.7%
2016 10.5%
2015
2014
2013
2012
2011

Growth of 10k Over Years

DateValue
31 Aug 15₹10,000
31 Aug 16₹10,789
31 Aug 17₹12,178
31 Aug 18₹12,110
31 Aug 19₹11,498
31 Aug 20₹9,974
LIC MF Banking & Financial Services Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash7.23%
Equity92.77%
LIC MF Banking & Financial Services Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services92.77%
LIC MF Banking & Financial Services Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
Banks - Regional26%₹13 Cr114,900
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
Banks - Regional14%₹7 Cr171,498
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
Banks - Regional11%₹5 Cr37,101
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFC
Mortgage Finance8%₹4 Cr20,937
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
Banks - Regional8%₹4 Cr75,338
City Union Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | CUB
Banks - Regional5%₹3 Cr192,371
↑ 69,700
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNK
Banks - Regional4%₹2 Cr342,300
↑ 83,000
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
Banks - Regional4%₹2 Cr83,900
DCB Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532772
Banks - Regional3%₹2 Cr177,876
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 18 | 540716
Insurance - Diversified3%₹2 Cr12,204
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Fund Managers

NameSinceTenure
Yogesh Patil1 Oct 181.92 Yr.

Custodians

CompanyAddress
Standard Chartered Bank - IndiaStandard Chartered Bank - India

Registrar & Transfer Agent

KFin Technologies Private Limited
Address"KARVY HOUSE",46, Avenue 4, Street No.1,,Banjara Hills,
FAX91-40-23311968
Emailmailmanager@karvy.com

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
₹8.6242
↑ 0.14
12.11 %-24.88 %-8.33 %-1.59 %
LIC MF Banking & Financial Services Fund
Normal Dividend, Payout
₹8.6229
↑ 0.14
12.1 %-24.89 %-8.33 %-1.59 %
LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment
₹8.6229
↑ 0.14
12.1 %-24.89 %-8.33 %-1.59 %
Data as on 25 Sep 20

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