VR Logo

1 star

LIC MF Banking & Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.36 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.83 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 18.12 -0.01 1.64 5.18 8.77 12.56 57.63 10.70 8.08 -- --
S&P BSE Bankex TRI 20.95 0.70 3.46 5.91 10.41 12.45 71.41 12.86 14.10 -- --
Equity: Sectoral-Banking 23.94 0.14 1.94 5.62 10.02 14.66 66.05 13.70 14.17 -- --
Rank within category 13 13 12 11 12 9 13 10 11 -- --
Number of funds in category 14 15 15 15 14 14 13 12 11 8 0

As on 17-Sep-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 - Direct Plan  | Invest Online
1 star
Mar-15 57.63 10.70 8.08 1.49 61
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 62.81 16.36 17.63 0.87 2,889
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 62.79 17.27 17.59 0.91 810
Sundaram Financial Services Opportunities Fund - Direct Plan
4 star
Jan-13 67.38 17.23 14.51 1.18 430
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 69.34 13.46 14.87 1.20 5,097

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.03 18-Oct-2017 - 26-Oct-2017 -24.98 16-Mar-2020 - 23-Mar-2020
Month 21.67 30-Oct-2020 - 01-Dec-2020 -41.84 20-Feb-2020 - 23-Mar-2020
Quarter 38.94 24-Sep-2020 - 24-Dec-2020 -42.95 23-Dec-2019 - 23-Mar-2020
Year 80.93 23-Mar-2020 - 23-Mar-2021 -35.74 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.37 30.42 0.27 0.31 0.89 -1.49
S&P BSE Bankex TRI 15.12 33.61 0.33 0.40 -- --
Equity: Sectoral-Banking 15.81 31.59 0.38 0.43 0.92 1.58
Rank within category 11 6 11 10 5 11
Number of funds in category 12 12 12 12 12 12

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

As on 31-Aug-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 86.54
Top 5 Stocks (%) 65.29
Top 3 Sectors (%) 96.31
Portfolio P/B Ratio 2.52
Portfolio P/E Ratio 23.60

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,82,494 2,72,908
Giant (%) 82.41 75.38
Large (%) 4.75 9.16
Mid (%) 10.50 13.20
Small (%) 2.34 2.97
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 26.70 28.08 9.41 23.52
down ICICI Bank Financial 24.94 17.33 9.43 17.09
down Axis Bank Financial 29.30 10.89 2.24 8.69
down State Bank of India Financial 16.20 8.54 0.00 8.05
down HDFC Financial 25.32 15.51 4.80 7.94
down Kotak Mahindra Bank Financial 40.00 12.05 5.68 6.94
equal The Federal Bank Financial 10.86 7.26 0.00 5.13
equal City Union Bank Financial 18.54 9.78 3.22 4.02
equal Bajaj Finance Financial 100.52 5.91 1.80 2.75
down Central Depository Services Financial 64.64 4.26 0.00 2.41
up HDFC Life Insurance Insurance 127.95 2.40 0.00 2.40
equal SBI Life Insurance Company Insurance 93.05 3.50 0.00 2.16
down DCB Bank Financial 9.84 4.07 0.42 1.82
down ICICI Lombard General Insurance Company Insurance 64.10 5.95 1.23 1.23
equal ICICI Prudential Life Insurance Co. Ltd. Insurance 208.84 2.73 0.00 1.07
new Bank of Baroda Financial 12.47 0.71 0.00 0.71
down RBL Bank Financial -- 1.16 0.00 0.38

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-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:


-0.01%

Change from previous, NAV as on 17-Sep-2021

Growth: ₹ 15.0949

IDCW: ₹ 15.0288


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: 6.56%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 61 Cr (As on 31-Aug-2021)
Expense: 1.49% (As on 31-Aug-2021)
Risk Grade: Above Average
Return Grade: Low
Turnover: 11.00%

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

Upcoming Video

Viewpoint

The Case for ESG Investing

DateThursday, 30-Sep-2021
Time04:00 PM - 04:30 PM