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1 star

LIC MF Banking & Financial Services Fund - Regular Plan


1 Lakh

Investment declined to
₹ 0.80 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.95 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 multi-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
Fund -28.35 2.18 0.55 -8.75 1.14 8.96 -23.98 -7.09 -1.12 -- --
S&P BSE Bankex TRI -32.85 3.38 1.33 -11.73 0.63 7.20 -26.98 -2.78 5.15 -- --
Equity: Sectoral-Banking -31.56 2.98 1.07 -10.79 0.20 9.83 -26.26 -6.04 2.40 -- --
Rank within category 8 25 23 5 8 12 10 13 13 -- --
Number of funds in category 23 25 25 24 23 23 22 17 15 10 8

As on 28-Sep-2020

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 -23.98 -7.09 -1.12 2.57 49
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -16.78 2.47 11.35 2.13 1,525
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -18.38 -1.14 -- 2.59 468
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -28.45 -3.68 4.77 0.18 5,918
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -28.49 -3.73 4.84 0.18 5,085

Best & Worst Performance

Best (Period) Worst (Period)
Week 15.98 (18-Oct-2017 - 26-Oct-2017) -24.99 (16-Mar-2020 - 23-Mar-2020)
Month 18.82 (22-May-2020 - 23-Jun-2020) -41.89 (20-Feb-2020 - 23-Mar-2020)
Quarter 25.67 (20-May-2016 - 19-Aug-2016) -43.11 (23-Dec-2019 - 23-Mar-2020)
Year 53.65 (11-Feb-2016 - 10-Feb-2017) -36.39 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -2.19 28.73 -0.26 -0.28 0.91 -6.62
S&P BSE Bankex TRI 4.37 29.19 -0.03 -0.03 -- --
Equity: Sectoral-Banking 0.23 30.19 -0.14 -0.18 0.98 -4.15
Rank within category 14 7 14 15 7 14
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-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 14
Top 10 Stocks (%) 84.70
Top 5 Stocks (%) 65.66
Top 3 Sectors (%) 92.78
Portfolio P/B Ratio 2.09
Portfolio P/E Ratio 20.49

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,78,295 1,70,368
Giant (%) 78.33 75.06
Large (%) 8.14 9.64
Mid (%) 10.01 13.91
Small (%) 3.53 4.05
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
equal HDFC Bank Financial 20.35 28.08 1.97 26.01
equal ICICI Bank Financial 24.61 14.29 5.92 13.73
equal Kotak Mahindra Bank Financial 29.73 11.93 1.26 10.55
equal HDFC Financial 13.76 15.51 0.00 7.78
equal Axis Bank Financial 79.46 10.89 2.24 7.59
up City Union Bank Financial 22.47 9.78 3.22 5.27
up Federal Bank Financial 6.24 7.26 0.00 3.84
equal State Bank of India Financial 7.74 8.66 0.00 3.61
equal DCB Bank Financial 7.56 5.64 0.42 3.21
equal ICICI Lombard General Insurance Company Financial 44.94 5.95 0.00 3.11
equal SBI Life Insurance Company Financial 56.42 3.50 0.00 2.28
equal Bajaj Finance Financial 39.96 6.41 0.00 2.04
equal ICICI Prudential Life Insurance Co. Ltd. Financial 56.46 2.73 0.00 2.02
equal Central Depository Services Financial 41.11 2.73 0.00 1.74

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-Aug-2020

Fund Manager

— Yogesh Patil since 05-Oct-2018

Education: Mr. Patil is an MBA (Finance).

Experience: Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.

Funds Managed:


2.18%

Change from previous, NAV as on 28-Sep-2020

Growth: ₹ 8.8118

Dividend: ₹ 8.8105


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

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 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: -2.27%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 49 Cr (As on 31-Aug-2020)
Expense: 2.57% (As on 31-Aug-2020)
Risk Grade: High
Return Grade: Low
Turnover: 36.00%

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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