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Fincash » Mutual Funds » LIC MF Banking Financial Services Fund

LIC MF Banking & Financial Services Fund - G

NAV  ₹17.7934 ↓ -0.04  (-0.22 %) as on 15 Mar 24

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 6.6% 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 15 Mar 24₹17.7934 ↓ -0.04  (-0.22 %)
Net Assets (AUM) as on 31 Jan 2024 ₹298 Cr.
Launch Date27 Mar 2015
CategoryEquity - Sectoral
RatingNot Rated
TypeOpen Ended Fund
RiskHigh
AMCLIC Mutual Fund Asset Mgmt Co Ltd
Alpha Ratio7.24
Expense Ratio2.29 %
Sharpe Ratio1.138
Information Ratio0.72
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 15 Mar 24

DurationReturns
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

Historical performance (Yearly) on absolute basis

YearReturns
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

DateValue
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
LIC MF Banking & Financial Services Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.39%
Equity95.61%
LIC MF Banking & Financial Services Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services95.61%
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
Banks - Regional21%₹61 Cr431,629
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
Banks - Regional14%₹41 Cr394,288
↓ -83,300
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
Banks - Regional8%₹22 Cr296,539
↓ -166,173
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
Banks - Regional7%₹22 Cr204,142
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNK
Banks - Regional4%₹13 Cr831,927
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC
Credit Services4%₹11 Cr72,320
DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | 532772
Banks - Regional3%₹10 Cr780,100
Piramal Enterprises Ltd (Financial Services)
Equity, Since 31 Oct 21 | 500302
Financial Conglomerates3%₹10 Cr107,161
IIFL Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | 532636
Credit Services3%₹9 Cr148,991
↑ 101,193
L&T Finance Holdings Ltd (Financial Services)
Equity, Since 31 Mar 23 | L&TFH
Credit Services3%₹9 Cr517,534
↓ -118,953
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Fund Managers

NameSinceTenure
Jaiprakash Toshniwal6 Sep 212.48 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
₹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

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