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1 star

LIC MF Banking & Financial Services Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.33 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.44 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
Fund 11.06 -0.72 -4.43 -7.90 -2.77 0.81 16.07 9.98 5.96 -- --
S&P BSE Bankex TRI 14.01 -0.85 -4.04 -8.67 -1.67 1.41 20.57 11.08 14.23 -- --
Equity: Sectoral-Banking 16.58 -0.56 -4.33 -8.20 -2.02 1.52 23.38 9.55 11.05 -- --
Rank within category 24 17 22 13 17 13 23 11 15 -- --
Number of funds in category 28 30 30 30 30 28 27 18 17 11 8

As on 30-Nov-2021

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 16.07 9.98 5.96 2.80% 63
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 18.06 14.16 16.17 1.96% 3,106
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 20.35 14.49 15.77 2.45% 856
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 22.95 15.51 13.66 2.55% 485
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 20.55 9.52 13.77 0.18% 10,655

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
Fund 18.82 28.61 0.52 0.59 0.86 0.09
S&P BSE Bankex TRI 21.13 32.75 0.53 0.63 -- --
Equity: Sectoral-Banking 19.35 32.73 0.50 0.57 0.96 -1.03
Rank within category 14 3 9 9 4 9
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 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 86.54
Top 5 Stocks (%) 65.15
Top 3 Sectors (%) 97.80
Portfolio P/B Ratio 2.50
Portfolio P/E Ratio 23.74

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,84,349 2,87,693
Giant (%) 78.31 74.70
Large (%) 8.66 10.32
Mid (%) 11.20 12.64
Small (%) 1.83 4.68
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
down HDFC Bank Financial 24.18 28.08 18.83 22.38
down ICICI Bank Financial 23.36 17.65 10.19 17.65
equal State Bank of India Financial 14.35 9.25 0.00 9.25
equal Axis Bank Financial 20.15 10.89 2.24 8.00
equal HDFC Financial 23.44 15.51 5.94 7.87
equal Kotak Mahindra Bank Financial 38.97 12.05 6.83 7.19
down The Federal Bank Financial 10.26 6.40 0.00 4.87
equal City Union Bank Financial 16.80 8.23 3.22 4.34
equal Bajaj Finance Financial 84.81 3.91 1.80 2.63
equal Bank of Baroda Financial 11.64 2.36 0.00 2.36
equal HDFC Life Insurance Insurance 121.62 2.40 0.00 2.22
equal Central Depository Services Financial 59.41 4.26 0.00 2.07
equal SBI Life Insurance Company Insurance 94.02 3.50 0.97 2.02
equal DCB Bank Financial 9.29 3.26 0.42 1.75
up Sundaram Finance Financial 21.43 1.51 0.00 1.51
new Piramal Enterprises Healthcare 49.43 1.04 0.00 1.04
new SBI Cards & Payments Services Financial 86.62 0.65 0.00 0.65

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-Oct-2021

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:


-0.72%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 13.3721

IDCW: ₹ 13.3699


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 (₹) --
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: 4.44%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 63 Cr (As on 31-Oct-2021)
Expense: 2.80% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Low
Turnover: 15.00%

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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