Fincash » Mutual Funds » LIC MF Banking Financial Services Fund
Table of Contents 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 6.6% since its launch. Return for 2023 was 20.5% , 2022 was 19.6% and 2021 was 9.8% . NAV as on 15 Mar 24 ₹17.7934 ↓ -0.04 (-0.22 %) Net Assets (AUM) as on 31 Jan 2024 ₹298 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 7.24 Expense Ratio 2.29 % Sharpe Ratio 1.138 Information Ratio 0.72 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 15 Mar 24 Duration Returns 1 Month -3.8% 3 Month -7% 6 Month -0.8% 1 Year 23.1% 3 Year 11.3% 5 Year 10.6% 10 Year 15 Year Since launch 6.6% Historical Annual Returns
Year Returns 2023 20.5% 2022 19.6% 2021 9.8% 2020 -2.1% 2019 19.9% 2018 -18% 2017 32.7% 2016 10.5% 2015 Growth of 10k Over Years
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,423 28 Feb 21 ₹12,818 28 Feb 22 ₹13,143 28 Feb 23 ₹15,026 29 Feb 24 ₹18,353 Asset Allocation
Asset Class Value Cash 4.39% Equity 95.61% Sector Allocation
Sector Value Financial Services 95.61% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANKBanks - Regional 21% ₹61 Cr 431,629 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANKBanks - Regional 14% ₹41 Cr 394,288
↓ -83,300 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBINBanks - Regional 8% ₹22 Cr 296,539
↓ -166,173 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215Banks - Regional 7% ₹22 Cr 204,142 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNKBanks - Regional 4% ₹13 Cr 831,927 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACCCredit Services 4% ₹11 Cr 72,320 DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | 532772Banks - Regional 3% ₹10 Cr 780,100 Piramal Enterprises Ltd (Financial Services)
Equity, Since 31 Oct 21 | 500302Financial Conglomerates 3% ₹10 Cr 107,161 IIFL Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | 532636Credit Services 3% ₹9 Cr 148,991
↑ 101,193 L&T Finance Holdings Ltd (Financial Services)
Equity, Since 31 Mar 23 | L&TFHCredit Services 3% ₹9 Cr 517,534
↓ -118,953
Talk to our investment specialistFund Managers
Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 2.48 Yr. Custodians
Company Address Standard Chartered Bank - India Standard Chartered Bank - India Registrar & Transfer Agent
KFin Technologies Ltd Address KFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar, FAX 91-40-23311968 Email mailmanager@karvy.com 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 ₹17.7934
↓ -0.04 -0.83 % 23.13 % 11.34 % 10.55 % LIC MF Banking & Financial Services Fund
Normal Dividend, Payout ₹17.7903
↓ -0.04 -0.83 % 23.13 % 11.34 % 10.55 % LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment ₹17.7903
↓ -0.04 -0.83 % 23.13 % 11.34 % 10.55 % Data as on 15 Mar 24