11.9057
15.2192
1
1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
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
Dividends
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| 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 | -8.86 | -1.89 | -0.39 | -8.70 | -11.82 | -15.49 | -5.08 | 2.85 | 0.11 | 2.76 | -- |
| S&P BSE Bankex TRI | -4.46 | -2.48 | -0.59 | -8.05 | -10.35 | -10.89 | 1.25 | 5.72 | 8.70 | 9.55 | -- |
| Equity: Sectoral-Banking | -7.42 | -2.43 | -0.30 | -8.69 | -11.17 | -13.87 | -1.78 | 3.51 | 4.91 | 6.86 | -- |
| Rank within category | 24 | 1 | 14 | 21 | 26 | 23 | 25 | 15 | 15 | 13 | -- |
| Number of funds in category | 31 | 33 | 33 | 33 | 32 | 30 | 28 | 18 | 17 | 15 | 8 |
As on 19-May-2022
| 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 | |
Mar-15 | -5.08 | 2.85 | 0.11 | 2.76% | 56 |
| SBI Banking & Financial Services Fund - Regular Plan | Invest Online |  |
Feb-15 | -4.48 | 6.27 | 10.13 | 2.09% | 3,240 |
| Tata Banking and Financial Services Fund - Regular Plan | Invest Online |  |
Dec-15 | -6.03 | 5.99 | 7.88 | 2.40% | 947 |
| Sundaram Financial Services Opportunities Fund - Regular Plan | |
Jun-08 | -3.24 | 7.92 | 7.24 | 2.62% | 511 |
| Invesco India Financial Services Fund | Invest Online | |
Jul-08 | -3.46 | 6.33 | 8.36 | 2.67% | 415 |
| 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 |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| LIC MF Banking & Financial Services Reg-G | 10.02 | 28.78 | 0.23 | 0.26 | 0.87 | -1.93 |
| S&P BSE Bankex TRI | 13.24 | 32.71 | 0.30 | 0.36 | -- | -- |
| Equity: Sectoral-Banking | 11.67 | 32.63 | 0.26 | 0.30 | 0.96 | -1.13 |
| Rank within category | 15 | 5 | 15 | 15 | 4 | 15 |
| Number of funds in category | 18 | 18 | 18 | 18 | 18 | 18 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Apr-2022
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| Number of Stocks | 18 |
| Top 10 Stocks (%) | 79.64 |
| Top 5 Stocks (%) | 61.88 |
| Top 3 Sectors (%) | 97.32 |
| Portfolio P/B Ratio | 2.03 |
| Portfolio P/E Ratio | 18.24 |
| Fund | Category | |
|---|---|---|
| Average Mkt Cap (Rs Cr) | 1,96,734 | 2,51,304 |
| Giant (%) | 69.16 | 72.46 |
| Large (%) | 13.71 | 12.95 |
| Mid (%) | 13.36 | 12.27 |
| Small (%) | 3.77 | 4.24 |
| Tiny (%) | -- | -- |
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| Company | Sector | P/E | 3Y High | 3Y Low | % Assets | |
|---|---|---|---|---|---|---|
|
ICICI Bank | Financial | 19.64 | 18.39 | 11.14 | 18.39 |
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HDFC Bank | Financial | 19.27 | 28.08 | 17.63 | 18.15 |
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Axis Bank | Financial | 14.64 | 10.89 | 2.24 | 9.13 |
|
State Bank of India | Financial | 11.67 | 9.79 | 0.00 | 8.78 |
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HDFC | Financial | 17.68 | 15.51 | 7.25 | 7.43 |
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City Union Bank | Financial | 13.95 | 8.23 | 3.22 | 4.72 |
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Kotak Mahindra Bank | Financial | 30.04 | 12.05 | 3.74 | 3.74 |
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The Federal Bank | Financial | 9.11 | 5.91 | 0.00 | 3.33 |
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Bank of Baroda | Financial | 6.55 | 3.61 | 0.00 | 3.00 |
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SBI Cards & Payments Services | Financial | 43.27 | 3.11 | 0.00 | 2.97 |
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Karur Vysya Bank | Financial | 6.31 | 2.89 | 0.00 | 2.88 |
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Sundaram Finance | Financial | 18.26 | 2.83 | 0.00 | 2.83 |
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ICICI Prudential Life Insurance Co. Ltd. | Insurance | 96.86 | 2.73 | 0.00 | 2.70 |
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Piramal Enterprises | Healthcare | 36.83 | 2.70 | 0.00 | 2.50 |
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SBI Life Insurance Company | Insurance | 71.18 | 3.50 | 1.10 | 2.17 |
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Shriram Transport Finance Company | Financial | 10.85 | 2.12 | 0.00 | 2.12 |
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Bajaj Finance | Financial | 49.76 | 3.85 | 1.69 | 1.69 |
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Mas Financial Services | Financial | 20.40 | 0.79 | 0.00 | 0.79 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Apr-2022
— 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:
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.
| 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 |
| Fund House: | LIC Mutual Fund |
| Launch Date: | 27-Mar-2015 |
| Return Since Launch: | 2.65% |
| Benchmark: | NIFTY Financial Services TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | ₹ 56 Cr (As on 30-Apr-2022) |
| Expense: | 2.76% (As on 30-Apr-2022) |
| Risk Grade: | Above Average |
| Return Grade: | Low |
| Turnover: | 33.00% |
Fundwire - 08-Nov-2017
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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Friday, 27-May-2022
12:30 PM - 12:40 PM