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 7% since its launch. Return for 2024 was 0.5% , 2023 was 20.5% and 2022 was 19.6% . NAV as on 17 Apr 25 ₹19.8166 ↑ 0.40 (2.08 %) Net Assets (AUM) as on 28 Feb 2025 ₹234 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 -18.02 Expense Ratio 2.3 % Sharpe Ratio -0.661 Information Ratio -0.23 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 17 Apr 25 Duration Returns 1 Month 11.3% 3 Month 8.7% 6 Month 0.3% 1 Year 7.6% 3 Year 13.2% 5 Year 19.2% 10 Year 15 Year Since launch 7% Historical Annual Returns
Year Returns 2023 0.5% 2022 20.5% 2021 19.6% 2020 9.8% 2019 -2.1% 2018 19.9% 2017 -18% 2016 32.7% 2015 10.5% Growth of 10k Over Years
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹15,843 31 Mar 22 ₹17,046 31 Mar 23 ₹19,204 31 Mar 24 ₹23,122 31 Mar 25 ₹24,229 Asset Allocation
Asset Class Value Cash 1.89% Equity 98.11% Sector Allocation
Sector Value Financial Services 95.03% Consumer Cyclical 1.56% Technology 1.52% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANKBanks - Regional 23% ₹53 Cr 308,337
↓ -9,436 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANKBanks - Regional 11% ₹26 Cr 217,094
↓ -1,106 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBINBanks - Regional 8% ₹19 Cr 275,507
↓ -1,403 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215Banks - Regional 8% ₹19 Cr 185,155
↓ -943 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | KOTAKBANKBanks - Regional 4% ₹9 Cr 45,030
↓ -229 MAS Financial Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 22 | MASFINCredit Services 4% ₹9 Cr 366,678
↑ 14,660 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Dec 23 | M&MFINCredit Services 3% ₹7 Cr 258,608
↓ -1,317 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 532810Credit Services 3% ₹7 Cr 182,314
↓ -928 CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 22 | CSBBANKBanks - Regional 3% ₹7 Cr 231,741
↑ 7,273 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACCCredit Services 3% ₹6 Cr 67,618
↓ -344
Talk to our investment specialistFund Managers
Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 3.57 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 ₹19.8166
↑ 0.40 0.32 % 7.57 % 13.16 % 19.2 % LIC MF Banking & Financial Services Fund
Normal Dividend, Payout ₹19.8132
↑ 0.40 0.32 % 7.57 % 13.16 % 19.2 % LIC MF Banking & Financial Services Fund
Normal Dividend, Reinvestment ₹19.8132
↑ 0.40 0.32 % 7.57 % 13.16 % 19.2 % Data as on 17 Apr 25