LIC MF Banking & Financial Services Fund - G

NAV ₹19.5532 ↑ 0.32 (1.67 %) as on 8 Oct 24

Table of Contents

Scheme Objective
NAV Price Chart
Returns
- Historical Returns
- Compounded Returns
Growth Of 10k Over Years
Holdings / Portfolio
All Plan & Options
Fund Manager Information
Custodians
Registrar & Transfer Agent (RTA)
Administrator Companies
Auditors

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 7.1% since its launch. Return for 2023 was 20.5% , 2022 was 19.6% and 2021 was 9.8% .

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

NAV as on 8 Oct 24	₹19.5532 ↑ 0.32 (1.67 %)
Net Assets (AUM) as on 31 Aug 2024	₹293 Cr.
Launch Date	27 Mar 2015
Category	Equity - Sectoral
Rating	Not Rated
Type	Open Ended Fund
Risk	High
AMC	LIC Mutual Fund Asset Mgmt Co Ltd

Alpha Ratio	-5.86
Expense Ratio	2.3 %
Sharpe Ratio	0.547
Information Ratio	0.45
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

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Oct 24

Duration	Returns
1 Month	-3.1%
3 Month	-5.8%
6 Month	2.3%
1 Year	9.7%
3 Year	11.2%
5 Year	11.8%
10 Year
15 Year
Since launch	7.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

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
30 Sep 19	₹10,000
30 Sep 20	₹7,727
30 Sep 21	₹12,225
30 Sep 22	₹12,777
30 Sep 23	₹15,353
30 Sep 24	₹17,895

Asset Allocation

Asset Class	Value
Cash	3.82%
Equity	96.18%

Sector Allocation

Sector	Value
Financial Services	94.47%
Technology	1.71%

Top Securities Holdings / Portfolio

Holdings/Securities

Name	Global Industry	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| 500180	Banks - Regional	22%	₹65 Cr	398,905
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| 532174	Banks - Regional	11%	₹34 Cr	272,782 ↓ -35,216
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| 532215	Banks - Regional	7%	₹19 Cr	163,390 ↓ -13,478
State Bank of India (Financial Services) Equity, Since 31 Mar 20 \| 500112	Banks - Regional	6%	₹16 Cr	201,860
Power Finance Corp Ltd (Financial Services) Equity, Since 30 Sep 23 \| PFC	Credit Services	4%	₹11 Cr	200,878
CreditAccess Grameen Ltd Ordinary Shares (Financial Services) Equity, Since 30 Sep 22 \| CREDITACC	Credit Services	3%	₹9 Cr	74,502
IndusInd Bank Ltd (Financial Services) Equity, Since 29 Feb 24 \| 532187	Banks - Regional	3%	₹9 Cr	62,294
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 29 Feb 24 \| 500247	Banks - Regional	3%	₹9 Cr	49,613
IIFL Finance Ltd (Financial Services) Equity, Since 31 Jan 24 \| IIFL	Credit Services	3%	₹8 Cr	165,545
Piramal Enterprises Ltd (Financial Services) Equity, Since 31 Oct 21 \| PEL	Financial Conglomerates	3%	₹7 Cr	70,720 ↓ -14,914

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Fund Managers

Name	Since	Tenure
Jaiprakash Toshniwal	6 Sep 21	2.99 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	₹19.5532 ↑ 0.32	2.28 %	9.68 %	11.16 %	11.77 %
LIC MF Banking & Financial Services Fund Normal Dividend, Payout	₹19.5498 ↑ 0.32	2.28 %	9.68 %	11.16 %	11.77 %
LIC MF Banking & Financial Services Fund Normal Dividend, Reinvestment	₹19.5498 ↑ 0.32	2.28 %	9.68 %	11.16 %	11.77 %
Data as on 8 Oct 24

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

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