LIC MF Banking & Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
12.75%
3Y annualised
+0.31% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 May 2024₹20.88
Min. SIP amount₹1,000
Rating2
Fund size₹305.10Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns16.7%12.8%10.7%8.1%
Category average24.5%15.7%12.1%NA
Rank with in category161210NA
Understand terms

Holdings (31)

NameSectorInstrumentAssets
FinancialEquity20.42%
FinancialEquity12.19%
FinancialEquity6.86%
FinancialEquity5.56%
FinancialEquity4.43%
FinancialEquity3.63%
FinancialEquity3.57%
FinancialEquity3.42%
HealthcareEquity3.25%
FinancialEquity3.00%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

Lower expense ratio: 1.05%
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 1.05%

Inclusive of GST

Exit load

Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

Jaiprakash Toshniwal
Sep 2021 - Present
View details

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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