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Fincash » Mutual Funds » LIC MF Banking Financial Services Fund

LIC MF Banking & Financial Services Fund - G

NAV  ₹16.5131 ↑ 0.11  (0.65 %) as on 7 Jun 23

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 6.3% since its launch.  Return for 2022 was 19.6% , 2021 was 9.8% and 2020 was -2.1% .

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

NAV as on 7 Jun 23₹16.5131 ↑ 0.11  (0.65 %)
Net Assets (AUM) as on 30 Apr 2023 ₹141 Cr.
Launch Date27 Mar 2015
CategoryEquity - Sectoral
RatingNot Rated
TypeOpen Ended Fund
RiskHigh
AMCLIC Mutual Fund Asset Mgmt Co Ltd
Alpha Ratio2.68
Expense Ratio2.28 %
Sharpe Ratio0.695
Information Ratio-0.27
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 7 Jun 23

DurationReturns
1 Month 6.1%
3 Month 8.1%
6 Month 4.4%
1 Year 29.7%
3 Year 24.1%
5 Year 8.8%
10 Year
15 Year
Since launch 6.3%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 19.6%
2021 9.8%
2020 -2.1%
2019 19.9%
2018 -18%
2017 32.7%
2016 10.5%
2015
2014

Growth of 10k Over Years

DateValue
31 May 18₹10,000
31 May 19₹10,815
31 May 20₹7,462
31 May 21₹12,174
31 May 22₹11,768
31 May 23₹14,892
LIC MF Banking & Financial Services Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.19%
Equity95.81%
LIC MF Banking & Financial Services Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services93.59%
Health Care2.22%
LIC MF Banking & Financial Services Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
Banks - Regional16%₹22 Cr242,909
↓ -31,432
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
Banks - Regional11%₹15 Cr90,637
↑ 8,341
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
Banks - Regional10%₹14 Cr241,458
↑ 6,107
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | AXISBANK
Banks - Regional9%₹13 Cr152,330
↑ 8,453
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFC
Mortgage Finance9%₹12 Cr44,599
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNK
Banks - Regional4%₹6 Cr463,411
↑ 51,724
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC
Credit Services4%₹6 Cr64,052
Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | KARURVYSYA
Banks - Regional4%₹6 Cr591,554
↑ 69,493
Cholamandalam Financial Holdings Ltd Shs Dematerialised (Financial Services)
Equity, Since 31 Jan 23 | CHOLAHLDNG
Credit Services4%₹6 Cr93,979
↑ 4,965
DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | DCBBANK
Banks - Regional4%₹5 Cr491,087
↑ 78,759
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Fund Managers

NameSinceTenure
Jaiprakash Toshniwal6 Sep 211.65 Yr.

Custodians

CompanyAddress
Standard Chartered Bank - IndiaStandard Chartered Bank - India

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
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
₹16.5131
↑ 0.11
4.37 %29.71 %24.14 %8.77 %
LIC MF Banking & Financial Services Fund
Normal Dividend, Payout
₹16.5102
↑ 0.11
4.36 %29.71 %24.14 %8.77 %
LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment
₹16.5102
↑ 0.11
4.36 %29.71 %24.14 %8.77 %
Data as on 7 Jun 23

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