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LIC MF Banking & Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.29 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.07 Lakh

Analyst's Choice?

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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 20.12 5.09 13.05 22.65 8.99 -- --
S&P BSE Finance TRI 17.41 4.13 13.72 20.01 19.51 -- --
Equity: Sectoral-Banking 19.37 4.20 14.08 21.91 18.51 -- --
Rank within category 7 2 10 7 11 -- --
Number of funds in category 12 13 13 12 11 8 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 18.26 (04-Oct-2017 - 03-Nov-2017) -18.87 (07-Sep-2018 - 08-Oct-2018)
Quarter 25.85 (20-May-2016 - 19-Aug-2016) -22.82 (27-Nov-2015 - 26-Feb-2016)
Year 55.02 (04-May-2016 - 04-May-2017) -27.09 (26-Oct-2017 - 26-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.97 21.75 0.19 0.30 1.00 -9.85
S&P BSE Finance TRI 18.83 17.37 0.75 1.10 -- --
Equity: Sectoral-Banking 17.94 18.18 0.69 0.97 0.92 -0.72
Rank within category 11 11 11 11 11 11
Number of funds in category 11 11 11 11 11 11

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

As on 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 16
Top 10 Stocks (%) 88.78
Top 5 Stocks (%) 68.32
Top 3 Sectors (%) 99.06
Portfolio P/B Ratio 3.23
Portfolio P/E Ratio 31.80

Portfolio Aggregates

Fund Benchmark Category*
Average Mkt Cap (Rs Cr) 1,74,651 2,20,251
Giant (%) 72.26 74.66
Large (%) 6.33 11.62
Mid (%) 16.04 11.16
Small (%) 5.37 4.74
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 29.57 25.18 1.97 25.18
down ICICI Bank Financial 67.66 13.69 5.92 13.69
down Kotak Mahindra Bank Financial 39.32 11.93 1.26 11.32
down Axis Bank Financial 47.71 10.89 3.70 9.98
down HDFC Financial 33.50 9.35 0.00 8.15
down City Union Bank Financial 23.22 9.78 5.23 7.65
down Federal Bank Financial 11.42 7.26 3.14 4.10
down Bajaj Finance Financial 49.61 6.41 0.00 3.26
down Cholamandalam Invest. & Fin. Financial 20.32 7.99 1.61 2.96
down Equitas Holdings Financial 398.76 4.36 0.00 2.49
down Indusind Bank Financial 24.77 7.93 0.00 2.37
down ICICI Lombard General Insurance Financial 56.52 5.95 0.00 2.36
down Karur Vysya Bank Financial 22.33 2.60 0.00 1.74
down SBI Life Insurance Company Financial 79.64 1.65 0.00 1.54
down L&T Finance Holdings Financial 12.55 4.34 0.00 1.18
down DCB Bank Financial 15.05 5.64 1.09 1.09

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 30-Nov-2019

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:


0.56%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 12.8191

Dividend: ₹ 12.7850


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
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 60 Cr (As on 30-Nov-2019)
Expense: 1.49% (As on 30-Nov-2019)
Risk Grade: High
Return Grade: Low
Turnover: --

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: www.licmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM