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2 star

LIC MF Banking & PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.93 0.02 0.08 0.38 0.64 1.80 3.17 7.88 7.45 7.57 --
CCIL T Bill Liquidity Weight 1.85 0.02 0.06 0.18 0.45 1.07 1.97 3.22 3.54 3.99 --
Debt: Banking and PSU 3.67 0.04 0.10 0.49 0.92 2.29 3.96 8.39 7.43 8.11 --
Rank within category 20 19 16 18 18 20 19 15 9 12 --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 0

As on 30-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Banking & PSU Debt Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.17 7.88 7.45 0.28% 1,909
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
Mar-13 3.74 9.18 7.98 0.31% 18,845
Axis Banking & PSU Debt Fund - Direct Plan
4 star
Jan-13 3.64 8.38 7.89 0.33% 16,526
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.17 8.60 7.21 0.35% 13,926
HDFC Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 4.42 8.89 7.64 0.36% 9,470

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.59 24-Mar-2020 - 31-Mar-2020 -1.93 12-Mar-2020 - 19-Mar-2020
Month 3.60 24-Mar-2020 - 23-Apr-2020 -2.36 20-Feb-2020 - 23-Mar-2020
Quarter 6.11 24-Mar-2020 - 24-Jun-2020 -0.48 23-Dec-2019 - 23-Mar-2020
Year 12.20 01-Nov-2018 - 01-Nov-2019 3.11 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.63 1.86 2.06 4.18 2.44 5.34
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Banking and PSU 8.11 2.43 1.93 3.87 2.31 5.74
Rank within category 15 2 11 7 10 13
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 45 55 45 80
Modified Duration (yrs) 1.05 2.44 1.05 --
Average Maturity (yrs) 1.16 2.96 1.16 --
Yield to Maturity (%) 4.34 4.46 4.13 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 09/12/2021 Treasury Bills SOV 0.00 - 7.93 7.93
equal HDFC Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 6.53 6.53
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 5.46 5.46
new 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 5.74 5.16
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 6.71 5.03
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.93 3.81
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.01 - 3.90 3.77
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 2.57 - 3.66 3.66
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 2.02 - 2.87 2.87
equal 6.99% Housing & Urban Development Corporation 2022 Debenture AAA 0.00 - 2.86 2.86
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 2.84 2.84
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 2.79 2.79
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.77 2.77
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 2.65 2.64
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 0.00 - 2.67 2.62
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 1.98 - 4.58 2.43
equal 6.72% NTPC 24/11/2021 Bonds AAA 1.70 - 2.40 2.40
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 2.40 2.40
equal 6.55% NTPC 17/04/2023 Debenture AAA 1.66 - 2.22 2.22
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.44 - 4.14 1.91
equal 9.25% Power Grid Corporation 26/12/2022 Bonds AAA 0.00 - 1.48 1.48
equal 7.96% Maharashtra State 29/06/2026 State Development Loan SOV 0.00 - 1.44 1.44
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.08 - 1.42 1.42
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 0.00 - 1.40 1.40
equal 8.35% REC 13/03/2022 Debenture AAA 1.07 - 1.40 1.40

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Marzban Irani since 10-Aug-2016

Education: Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.

Experience: Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.

Funds Managed:


0.02%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 29.7090

IDCW Weekly: ₹ 10.0505

More

IDCW Monthly: ₹ 11.1888

IDCW Daily: ₹ 12.0209


Investment Strategy

The Scheme seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 03-Jan-2013
Return Since Launch: 7.83%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,909 Cr (As on 31-Oct-2021)
Expense: 0.28% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly30-Nov-20210.0078

 23-Nov-20210.0065
 31-Aug-20210.0127
 24-Aug-20210.0075
 17-Aug-20210.0185
 10-Aug-20210.0043
 03-Aug-20210.0087
 27-Jul-20210.0084
 20-Jul-20210.0162
 13-Jul-20210.0155
 15-Jun-20210.0081
 08-Jun-20210.0128
 25-May-20210.0152
 18-May-20210.0062
 11-May-20210.0170
 04-May-20210.0150
 27-Apr-20210.0210
 06-Apr-20210.1160
 05-Jan-20210.0275
 29-Dec-20200.0175
 08-Dec-20200.0062
 01-Dec-20200.0062
 24-Nov-20200.0197
 17-Nov-20200.0218
 10-Nov-20200.0199
IDCW Monthly29-Dec-20200.0600

 25-Nov-20200.0600
 28-Oct-20200.0600
 29-Sep-20200.0600
 27-Aug-20200.0600
 29-Jul-20200.0600
 25-Jun-20200.0600
 25-Feb-20200.0432
 27-Jan-20200.0432
 30-Dec-20190.0432
 27-Nov-20190.0432
 29-Oct-20190.0432
 24-Sep-20190.0432
 27-Aug-20190.0432
 29-Jul-20190.0432
 25-Jun-20190.0432
 27-May-20190.0432
 30-Apr-20190.0259
 25-Mar-20190.0936
 25-Feb-20190.0648
 31-Jan-20190.0720
 28-Dec-20180.0720
 29-Nov-20180.0877
 26-Oct-20180.0513
 28-Sep-20180.0146
IDCW Daily22-Dec-20200.0016

 21-Dec-20200.0010
 18-Dec-20200.0008
 10-Dec-20200.0007
 07-Dec-20200.0015
 04-Dec-20200.0007
 26-Nov-20200.0021
 25-Nov-20200.0032
 24-Nov-20200.0036
 23-Nov-20200.0044
 20-Nov-20200.0029
 19-Nov-20200.0063
 18-Nov-20200.0055
 17-Nov-20200.0074
 13-Nov-20200.0088
 12-Nov-20200.0048
 06-Nov-20200.0065
 05-Nov-20200.0150
 04-Nov-20200.0002
 26-Oct-20200.0113
 23-Oct-20200.0036
 20-Oct-20200.0049
 19-Oct-20200.0001
 15-Oct-20200.0002
 14-Oct-20200.0022

Contact Information

AMC: LIC Mutual Fund Asset Management Company Ltd

Address: Industrial Assurance Building 4th Floor, Opp. Churchgate Station Mumbai - 400020

Phone: 022-66016000 / 1800-258-5678

Fax: 022-22880633

Email: [email protected]

Website: http://www.licmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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