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 Below is the key information for LIC MF Banking & Financial Services Fund Returns up to 1 year are on Historical performance (Yearly) on absolute basis LIC MF Banking & Financial Services Fund - G
Scheme Objective
CAGR
return of 7.3% since its launch. Return for 2024 was 0.5% , 2023 was 20.5% and 2022 was 19.6% . NAV as on 19 Sep 25 ₹20.9596 ↓ -0.12 (-0.57 %) Net Assets (AUM) as on 31 Aug 2025 ₹267 Cr. Launch Date 27 Mar 2015 Category Equity - Sectoral Rating Type Open Ended Fund Risk High AMC LIC Mutual Fund Asset Mgmt Co Ltd Alpha Ratio -7.08 Expense Ratio 2.27 % Sharpe Ratio -0.257 Information Ratio -0.38 Benchmark Not Available Min Investment ₹5,000 Min SIP Investment ₹1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) NAV Price Chart
Returns
Annual Compounded Returns
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 Sep 25 Duration Returns 1 Month -0.2% 3 Month 1.7% 6 Month 13.8% 1 Year 2.5% 3 Year 11% 5 Year 18.5% 10 Year 15 Year Since launch 7.3% Historical Annual Returns
Year Returns 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
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹14,703 31 Aug 22 ₹15,894 31 Aug 23 ₹18,501 31 Aug 24 ₹21,221 31 Aug 25 ₹21,586 Asset Allocation
Asset Class Value Cash 4.76% Equity 95.24% Sector Allocation
Sector Value Financial Services 90.81% Technology 2.61% Consumer Cyclical 1.81% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANKBanks - Regional 20% ₹55 Cr 271,753
↓ -8,516 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANKBanks - Regional 13% ₹35 Cr 234,537
↓ -7,349 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215Banks - Regional 6% ₹18 Cr 166,028
↓ -529 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | KOTAKBANKBanks - Regional 6% ₹17 Cr 86,262
↓ -2,703 MAS Financial Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 22 | MASFINCredit Services 5% ₹12 Cr 402,877
↓ -43,377 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBINBanks - Regional 4% ₹12 Cr 144,858
↓ -17,620 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 24 | SBICARDCredit Services 3% ₹10 Cr 118,687
↑ 16,465 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 532810Credit Services 3% ₹9 Cr 218,047
↓ -31,778 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACCCredit Services 3% ₹8 Cr 65,564
↓ -2,054 IIFL Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | 532636Credit Services 3% ₹7 Cr 153,101
↓ -4,797
Talk to our investment specialistFund Managers
Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 3.99 Yr. Custodians
Company Address Standard Chartered Bank - India Standard Chartered Bank - India Registrar & Transfer Agent
KFin Technologies Ltd Address 138 -Suyesh Solitaire, Nr. Podar International School,Kudasan, Gandhinagar, Gujarat FAX N.A Email N.A Administrator Companies
Company Address LIC Mutual Fund 4th Floor, Industrial Assurance Bldg.,Opp.Churchgate Station,Churchgate Auditors
Company Address S. R. BATLIBOI & Co Express Tower, 6th Floor,Nariman Point,Mumbai All Plan & Options
Fund and Plan NAV 6 Month 1 Year 3 Year 5 Year LIC MF Banking & Financial Services Fund
Growth ₹20.9596
↓ -0.12 13.78 % 2.53 % 11.04 % 18.52 % LIC MF Banking & Financial Services Fund
Normal Dividend, Payout ₹20.956
↓ -0.12 13.78 % 2.53 % 11.04 % 18.52 % LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment ₹20.956
↓ -0.12 13.78 % 2.53 % 11.04 % 18.52 % Data as on 19 Sep 25