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 6.3% since its launch. Return for 2022 was 19.6% , 2021 was 9.8% and 2020 was -2.1% . NAV as on 7 Jun 23 ₹16.5131 ↑ 0.11 (0.65 %) Net Assets (AUM) as on 30 Apr 2023 ₹141 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 2.68 Expense Ratio 2.28 % Sharpe Ratio 0.695 Information Ratio -0.27 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 7 Jun 23 Duration Returns 1 Month 6.1% 3 Month 8.1% 6 Month 4.4% 1 Year 29.7% 3 Year 24.1% 5 Year 8.8% 10 Year 15 Year Since launch 6.3% Historical Annual Returns
Year Returns 2022 19.6% 2021 9.8% 2020 -2.1% 2019 19.9% 2018 -18% 2017 32.7% 2016 10.5% 2015 2014 Growth of 10k Over Years
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,815 31 May 20 ₹7,462 31 May 21 ₹12,174 31 May 22 ₹11,768 31 May 23 ₹14,892 Asset Allocation
Asset Class Value Cash 4.19% Equity 95.81% Sector Allocation
Sector Value Financial Services 93.59% Health Care 2.22% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANKBanks - Regional 16% ₹22 Cr 242,909
↓ -31,432 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANKBanks - Regional 11% ₹15 Cr 90,637
↑ 8,341 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBINBanks - Regional 10% ₹14 Cr 241,458
↑ 6,107 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | AXISBANKBanks - Regional 9% ₹13 Cr 152,330
↑ 8,453 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFCMortgage Finance 9% ₹12 Cr 44,599 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNKBanks - Regional 4% ₹6 Cr 463,411
↑ 51,724 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACCCredit Services 4% ₹6 Cr 64,052 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | KARURVYSYABanks - Regional 4% ₹6 Cr 591,554
↑ 69,493 Cholamandalam Financial Holdings Ltd Shs Dematerialised (Financial Services)
Equity, Since 31 Jan 23 | CHOLAHLDNGCredit Services 4% ₹6 Cr 93,979
↑ 4,965 DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | DCBBANKBanks - Regional 4% ₹5 Cr 491,087
↑ 78,759
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Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 1.65 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 ₹16.5131
↑ 0.11 4.37 % 29.71 % 24.14 % 8.77 % LIC MF Banking & Financial Services Fund
Normal Dividend, Payout ₹16.5102
↑ 0.11 4.36 % 29.71 % 24.14 % 8.77 % LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment ₹16.5102
↑ 0.11 4.36 % 29.71 % 24.14 % 8.77 % Data as on 7 Jun 23