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LIC MF Banking & Financial Services Fund - Regular Plan download report


1 Lakh

Investment Grown to
₹ 1.33 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.50 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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
LIC MF Banking & Financial Services Reg-G 9.94 1.39 3.46 10.92 16.80 3.59 8.57 9.84 5.30 5.43 --
S&P BSE Bankex TRI 11.12 1.69 3.02 9.51 12.27 1.85 10.15 11.92 10.85 11.61 --
Equity: Sectoral-Banking 8.34 1.56 2.87 9.72 13.10 1.30 7.96 10.14 7.56 8.90 --
Rank within category 15 30 4 5 1 2 13 14 14 13 --
Number of funds in category 31 34 34 33 33 32 30 19 17 15 10

As on 11-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Banking & Financial Services Fund - Regular Plan  | Invest Online
1 star
Mar-15 8.57 9.84 5.30 2.77 63
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 4.81 12.66 11.84 1.94 3,553
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 6.37 13.30 10.21 2.71 568
Invesco India Financial Services Fund  | Invest Online
4 star
Jul-08 1.44 11.50 9.35 2.55 444
Nippon India ETF Nifty Bank BeES  | Invest Online
Unrated
May-04 9.24 10.67 10.08 0.19 9,645

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 15.98 18-Oct-2017 - 26-Oct-2017 -24.99 16-Mar-2020 - 23-Mar-2020
Month 21.55 30-Oct-2020 - 01-Dec-2020 -41.89 20-Feb-2020 - 23-Mar-2020
Quarter 38.55 24-Sep-2020 - 24-Dec-2020 -43.11 23-Dec-2019 - 23-Mar-2020
Year 78.92 23-Mar-2020 - 23-Mar-2021 -36.39 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
LIC MF Banking & Financial Services Reg-G 12.85 29.44 0.32 0.38 0.87 -1.03
S&P BSE Bankex TRI 15.39 33.19 0.36 0.44 -- --
Equity: Sectoral-Banking 14.09 33.17 0.33 0.40 0.96 -0.82
Rank within category 16 4 15 15 3 12
Number of funds in category 19 19 19 19 19 19

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 81.93
Top 5 Stocks (%) 60.32
Top 3 Sectors (%) 96.59
Portfolio P/B Ratio 1.95
Portfolio P/E Ratio 16.02

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,68,111 2,61,530
Giant (%) 64.95 72.14
Large (%) 12.02 12.25
Mid (%) 15.77 13.21
Small (%) 7.26 4.78
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up ICICI Bank Financial 21.57 19.56 11.79 19.56
down HDFC Bank Financial 20.69 28.08 15.02 15.02
up State Bank of India Financial 13.39 9.79 0.00 9.48
up Axis Bank Financial 14.39 10.30 2.24 9.18
up HDFC Financial 19.41 15.51 7.08 7.08
up City Union Bank Financial 15.85 8.23 3.22 5.29
up Karur Vysya Bank Financial 6.51 4.49 0.00 4.49
up SBI Cards & Payments Services Financial 45.93 4.01 0.00 4.01
up Sundaram Finance Financial 19.82 4.01 0.00 4.01
up The Federal Bank Financial 10.40 5.91 0.00 3.81
up Bank of Baroda Financial 7.40 3.61 0.00 3.18
up ICICI Prudential Life Insurance Co. Ltd. Insurance 71.66 2.73 0.00 2.54
up Mas Financial Services Financial 20.27 2.52 0.00 2.52
up Piramal Enterprises Healthcare 24.11 2.70 0.00 2.12
up ICICI Lombard General Insurance Company Insurance 42.29 5.38 0.00 1.88
up Bajaj Finance Financial 51.25 3.85 1.40 1.63
up LIC Insurance 105.04 0.79 0.00 0.79

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-Jul-2022

Fund Manager

— Jaiprakash Toshniwal since 06-Sep-2021

Education: Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University.

Experience: Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.

Funds Managed:


1.39%

Change from previous, NAV as on 11-Aug-2022

Growth: ₹ 14.5405

IDCW: ₹ 14.5380


Investment Strategy

The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 1,000
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 12% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 27-Mar-2015
Return Since Launch: 5.20%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 63 Cr (As on 31-Jul-2022)
Expense Ratio: 2.77% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Low
Turnover: 40.00%

Contact Information

AMC: LIC Mutual Fund Asset Management Company Ltd

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

Phone: 022-66016177 / 022-66016178

Fax: 022-22880633

Email: [email protected]

Website: http://www.licmf.com

Registrar & Transfer Agent: KFin Technologies 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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