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Fincash » Mutual Funds » LIC MF Banking Financial Services Fund

LIC MF Banking & Financial Services Fund - G

NAV  ₹19.8166 ↑ 0.40  (2.08 %) as on 17 Apr 25

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% since its launch.  Return for 2024 was 0.5% , 2023 was 20.5% and 2022 was 19.6% .

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

NAV as on 17 Apr 25₹19.8166 ↑ 0.40  (2.08 %)
Net Assets (AUM) as on 28 Feb 2025 ₹234 Cr.
Launch Date27 Mar 2015
CategoryEquity - Sectoral
RatingNot Rated
TypeOpen Ended Fund
RiskHigh
AMCLIC Mutual Fund Asset Mgmt Co Ltd
Alpha Ratio-18.02
Expense Ratio2.3 %
Sharpe Ratio-0.661
Information Ratio-0.23
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 17 Apr 25

DurationReturns
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

Historical performance (Yearly) on absolute basis

YearReturns
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

DateValue
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 ClassValue
Cash1.89%
Equity98.11%

Sector Allocation

SectorValue
Financial Services95.03%
Consumer Cyclical1.56%
Technology1.52%

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
Banks - Regional23%₹53 Cr308,337
↓ -9,436
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
Banks - Regional11%₹26 Cr217,094
↓ -1,106
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
Banks - Regional8%₹19 Cr275,507
↓ -1,403
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
Banks - Regional8%₹19 Cr185,155
↓ -943
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | KOTAKBANK
Banks - Regional4%₹9 Cr45,030
↓ -229
MAS Financial Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 22 | MASFIN
Credit Services4%₹9 Cr366,678
↑ 14,660
Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Dec 23 | M&MFIN
Credit Services3%₹7 Cr258,608
↓ -1,317
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 532810
Credit Services3%₹7 Cr182,314
↓ -928
CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 22 | CSBBANK
Banks - Regional3%₹7 Cr231,741
↑ 7,273
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC
Credit Services3%₹6 Cr67,618
↓ -344
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Fund Managers

NameSinceTenure
Jaiprakash Toshniwal6 Sep 213.57 Yr.

Custodians

CompanyAddress
Standard Chartered Bank - IndiaStandard Chartered Bank - India

Registrar & Transfer Agent

KFin Technologies Ltd
Address138 -Suyesh Solitaire, Nr. Podar International School,Kudasan, Gandhinagar, Gujarat
FAXN.A
EmailN.A

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
₹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

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