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Fincash » Mutual Funds » LIC MF Banking Financial Services Fund

LIC MF Banking & Financial Services Fund - G

NAV  ₹12.1989 ↓ 0.11   (0.91 %) as on 24 Jan 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 4.2% 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 24 Jan 20₹12.1989 ↓ 0.11   (0.91 %)
Net Assets (AUM) as on 31 Dec 2019 ₹61 Cr.
Launch Date27 Mar 2015
CategoryEquity - Sectoral
RatingNot Rated
TypeOpen Ended Fund
RiskHigh
AMCLIC Mutual Fund Asset Mgmt Co Ltd
Alpha Ratio-4.64
Expense Ratio2.82 %
Sharpe Ratio0.967
Information Ratio-1.32
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 24 Jan 20

DurationReturns
1 Month -0.8%
3 Month 6.7%
6 Month 11.8%
1 Year 19.5%
3 Year 7.1%
5 Year
10 Year
15 Year
Since launch 4.2%

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 Dec 15₹8,517
31 Dec 16₹9,413
31 Dec 17₹12,493
31 Dec 18₹10,244
31 Dec 19₹12,281
LIC MF Banking & Financial Services Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.95%
Equity99.05%
LIC MF Banking & Financial Services Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services99.05%
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
25%₹15 Cr117,750
↓ -500
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
14%₹8 Cr159,198
↓ -700
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
11%₹7 Cr41,781
↓ -180
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
10%₹6 Cr80,538
↓ -340
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFC
8%₹5 Cr21,137
↓ -90
City Union Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | CUB
8%₹5 Cr202,880
↓ -860
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 16 | FEDERALBNK
4%₹2 Cr274,646
↓ -1,159
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 17 | 500034
3%₹2 Cr4,777
↓ -20
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 May 16 | CHOLAFIN
3%₹2 Cr56,465
↓ -240
Equitas Holding Ltd (Financial Services)
Equity, Since 30 Apr 18 | 539844
2%₹1 Cr140,532
↓ -600
1 - 10 of 19
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Fund Managers

NameSinceTenure
Yogesh Patil1 Oct 181.16 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
₹12.1989
↑ 0.11
11.79 %19.54 %7.14 %-
LIC MF Banking & Financial Services Fund
Normal Dividend, Payout
₹12.1974
↑ 0.11
11.79 %19.54 %7.14 %-
LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment
₹12.1974
↑ 0.11
11.79 %19.54 %7.14 %-
Data as on 24 Jan 20

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