VR Logo

LIC MF Banking & PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.94 0.11 0.07 1.25 2.28 4.42 10.96 8.65 8.29 8.39 --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 --
Debt: Banking and PSU 2.15 0.11 0.06 1.44 2.55 4.90 11.36 8.34 8.55 8.80 --
Rank within category 14 11 10 16 16 15 14 6 11 3 --
Number of funds in category 19 19 19 19 19 18 17 15 13 4 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.89 (01-Jul-2019 - 08-Jul-2019) -0.41 (04-Dec-2019 - 11-Dec-2019)
Month 1.80 (14-Jun-2019 - 16-Jul-2019) -0.18 (27-Aug-2018 - 26-Sep-2018)
Quarter 4.28 (09-May-2019 - 08-Aug-2019) 1.13 (05-Feb-2015 - 07-May-2015)
Year 12.20 (01-Nov-2018 - 01-Nov-2019) 5.56 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.09 1.33 1.82 4.20 3.23 7.61
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.52 2.04 1.05 2.03 4.66 9.35
Rank within category 6 1 1 1 2 15
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 43 18 68
Modified Duration (yrs) -- -- -- 2.56
Average Maturity (yrs) 2.25 4.13 1.49 3.11
Yield to Maturity (%) 6.56 7.57 6.39 6.75

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 7.67 6.99
equal Export-Import Bank 24/06/2020 Certificate of Deposit A1+ 0.00 - 6.62 6.05
up Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 5.73 5.73
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.36 4.36
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 4.54 4.14
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.00 - 5.19 3.85
equal 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 3.83 3.51
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 6.03 3.49
equal Axis Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 3.69 3.37
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 3.59 3.28
equal 6.72% NTPC 24/11/2021 Bonds AAA 2.98 - 6.88 2.98
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 8.51 2.83
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 7.73 2.82
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 5.67 2.80
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 5.18 2.48
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 4.18 2.08
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.42 1.80
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.39 1.78
equal 9.48% REC 2021 Bonds AAA 0.00 - 2.40 1.78
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 3.08 1.77
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 3.04 1.77
equal 8.54% Bajaj Finance 2022 Debenture AAA 0.00 - 3.56 1.76
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.00 - 3.04 1.76
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 3.04 1.76
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 2.35 1.75

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-Jan-2020

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:


0.11%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 26.9557

Dividend Weekly: ₹ 10.1089

More

Dividend Monthly: ₹ 10.6103

Dividend Daily: ₹ 11.0850


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 (₹) --
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 03-Jan-2013
Return Since Launch: 8.38%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,456 Cr (As on 31-Jan-2020)
Expense: 0.28% (As on 31-Jan-2020)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly18-Feb-20200.0097

 11-Feb-20200.0471
 04-Feb-20200.0193
 28-Jan-20200.0223
 21-Jan-20200.0161
 14-Jan-20200.0036
 07-Jan-20200.0170
 31-Dec-20190.0031
 03-Dec-20190.0133
 26-Nov-20190.0134
 19-Nov-20190.0218
 05-Nov-20190.0257
 29-Oct-20190.0188
 22-Oct-20190.0171
 15-Oct-20190.0165
 07-Oct-20190.0131
 09-Sep-20190.0093
 03-Sep-20190.0120
 27-Aug-20190.0337
 20-Aug-20190.0008
 13-Aug-20190.0064
 06-Aug-20190.0305
 30-Jul-20190.0068
 16-Jul-20190.0458
 09-Jul-20190.0631
Dividend Monthly27-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
 04-Sep-20180.0391
 30-Jul-20180.0625
 29-Jun-20180.0438
 28-May-20180.0318
 27-Apr-20180.0407
 23-Mar-20180.0386
 27-Feb-20180.0636
 29-Dec-20170.0218
Dividend Daily28-Aug-20190.0015

 27-Aug-20190.0017
 26-Aug-20190.0047
 23-Aug-20190.0016
 22-Aug-20190.0015
 21-Aug-20190.0014
 20-Aug-20190.0010
 19-Aug-20190.0043
 16-Aug-20190.0029
 14-Aug-20190.0014
 13-Aug-20190.0074
 09-Aug-20190.0012
 08-Aug-20190.0013
 07-Aug-20190.0030
 06-Aug-20190.0308
 05-Aug-20190.0053
 02-Aug-20190.0014
 24-Jul-20190.0017
 23-Jul-20190.0018
 22-Jul-20190.0141
 19-Jul-20190.2215
 17-Jan-20190.0011
 16-Jan-20190.0015
 15-Jan-20190.0017
 14-Jan-20190.0045

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: 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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM