7.0127
12.427
1
1 Lakh
Investment declined to₹ 10000
Monthly SIP Declined 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 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| 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 | -23.98 | -7.09 | -1.12 | 2.57 | 49 |
| SBI Banking & Financial Services Fund - Regular Plan | Invest Online |  |
Feb-15 | -16.78 | 2.47 | 11.35 | 2.13 | 1,525 |
| Tata Banking and Financial Services Fund - Regular Plan | Invest Online |  |
Dec-15 | -18.38 | -1.14 | -- | 2.59 | 468 |
| Nippon India ETF Bank BeES | Invest Online | May-04 | -28.45 | -3.68 | 4.77 | 0.18 | 5,918 | |
| Kotak Banking ETF Fund Regular | Invest Online | Dec-14 | -28.49 | -3.73 | 4.84 | 0.18 | 5,085 |
| 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) |
| 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
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| 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 |
| 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 (%) | -- | -- |
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| Company | Sector | P/E | 3Y High | 3Y Low | % Assets | |
|---|---|---|---|---|---|---|
|
HDFC Bank | Financial | 20.35 | 28.08 | 1.97 | 26.01 |
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ICICI Bank | Financial | 24.61 | 14.29 | 5.92 | 13.73 |
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Kotak Mahindra Bank | Financial | 29.73 | 11.93 | 1.26 | 10.55 |
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HDFC | Financial | 13.76 | 15.51 | 0.00 | 7.78 |
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Axis Bank | Financial | 79.46 | 10.89 | 2.24 | 7.59 |
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City Union Bank | Financial | 22.47 | 9.78 | 3.22 | 5.27 |
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Federal Bank | Financial | 6.24 | 7.26 | 0.00 | 3.84 |
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State Bank of India | Financial | 7.74 | 8.66 | 0.00 | 3.61 |
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DCB Bank | Financial | 7.56 | 5.64 | 0.42 | 3.21 |
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ICICI Lombard General Insurance Company | Financial | 44.94 | 5.95 | 0.00 | 3.11 |
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SBI Life Insurance Company | Financial | 56.42 | 3.50 | 0.00 | 2.28 |
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Bajaj Finance | Financial | 39.96 | 6.41 | 0.00 | 2.04 |
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ICICI Prudential Life Insurance Co. Ltd. | Financial | 56.46 | 2.73 | 0.00 | 2.02 |
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Central Depository Services | Financial | 41.11 | 2.73 | 0.00 | 1.74 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Aug-2020
— 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:
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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.
| 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 |
| 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% |
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
Friday, 09-Oct-2020
12:30 PM - 01:00 PM