VR Logo

2 star

LIC MF Banking & PSU Debt Fund download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • 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
LIC MF Banking & PSU Debt-G 1.35 0.02 0.02 0.38 1.08 1.17 2.43 4.95 6.25 6.57 6.84
CCIL T Bill Liquidity Weight 1.19 -0.02 0.07 0.20 0.64 1.04 1.99 2.59 3.27 3.63 4.21
Debt: Banking and PSU 1.23 0.02 0.01 0.47 1.34 1.26 2.77 5.85 6.44 7.16 7.76
Rank within category 8 14 11 18 21 9 15 15 11 13 4
Number of funds in category 22 22 22 22 22 22 22 17 16 14 4

As on 08-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Banking & PSU Debt Fund  | Invest Online
2 star
May-07 2.43 4.95 6.25 0.83 1,297
IDFC Banking & PSU Debt Fund - Regular Plan  | Invest Online
5 star
Mar-13 2.73 6.28 7.05 0.62 16,162
Axis Banking & PSU Debt Fund
5 star
Jun-12 3.13 5.96 7.01 0.62 14,171
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 3.04 6.15 6.67 0.69 10,061
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 3.38 5.95 6.17 0.80 8,487

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.58 24-Mar-2020 - 31-Mar-2020 -1.94 12-Mar-2020 - 19-Mar-2020
Month 3.55 24-Mar-2020 - 23-Apr-2020 -2.41 20-Feb-2020 - 23-Mar-2020
Quarter 5.96 24-Mar-2020 - 24-Jun-2020 -0.62 23-Dec-2019 - 23-Mar-2020
Year 11.59 01-Nov-2018 - 01-Nov-2019 1.88 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
LIC MF Banking & PSU Debt-G 4.98 1.62 0.92 1.98 2.02 3.29
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 5.87 2.25 1.11 2.23 2.14 4.29
Rank within category 15 2 13 11 6 15
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-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 35 51 33 64
Modified Duration (yrs) 1.03 1.41 0.75 1.67
Average Maturity (yrs) 1.15 1.60 0.81 2.29
Yield to Maturity (%) 6.24 6.24 4.18 6.60
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.38% GOI 20/06/2027 GOI Securities SOV 0.00 - 7.10 7.10
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 0.00 - 5.88 5.88
new Export-Import Bank 184-D 28/09/2022 Certificate of Deposit A1+ 0.00 - 5.73 5.73
down Reserve Bank of India 91-D 04/08/2022 Treasury Bills SOV 0.00 - 11.48 5.40
down 5.63% GOI 2026 GOI Securities SOV 0.04 - 5.39 4.56
equal 6.99% Housing & Urban Development Corporation 2022 Debenture AAA 2.46 - 4.06 4.06
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 2.44 - 4.03 4.03
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 2.35 - 5.46 3.88
equal 4.50% Oil & Natural Gas Corporation 2024 Debenture AAA 0.00 - 3.83 3.83
new State Bank of India 2022 Certificate of Deposit A1+ 0.00 - 3.82 3.82
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 3.73 3.73
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 2.09 - 3.59 3.46
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 3.31 3.31
equal 6.55% NTPC 17/04/2023 Debenture AAA 1.91 - 3.20 3.14
equal 7.15% SIDBI 2025 Debenture AAA 0.00 - 2.74 2.74
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.67 - 2.84 2.69
equal 9.25% Power Grid Corporation 26/12/2022 Bonds AAA 1.27 - 2.06 2.06
equal 7.34% Housing & Urban Development Corporation 16/09/2022 Debenture AAA 1.25 - 2.05 2.05
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 2.01 - 5.43 2.03
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.03 2.03
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.22 - 1.99 1.99
equal 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 1.19 - 2.04 1.95
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 1.18 - 1.95 1.95
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 1.21 - 2.07 1.95
new 7.25% National Bank Agr. Rur. Devp 2025 Debenture AAA 0.00 - 1.94 1.94

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-Jul-2022

Fund Manager

— Marzban Irani since 10-Aug-2016

Education: Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.

Experience: Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.

Funds Managed:

— Sanjay Pawar since 01-Jan-2022

Education: Mr. Pawar is a B.Com, MBA

Experience: Prior to joining LIC Mutual Fund, he has worked with Taurus Mutual Fund, Edelweiss Securities Ltd., CRISIL Limited, ICAP.

Funds Managed:


0.02%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 28.4904

IDCW Weekly: ₹ 10.0449

More

IDCW Monthly: ₹ 10.6628

IDCW Daily: ₹ 10.8144


Investment Strategy

The Scheme seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 1,000
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 31-May-2007
Return Since Launch: 7.13%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,297 Cr (As on 31-Jul-2022)
Expense Ratio: 0.83% (As on 30-Jun-2022)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily04-Aug-20220.0040

 02-Aug-20220.0078
 01-Aug-20220.0102
 29-Jul-20220.0046
 28-Jul-20220.0011
 25-Jul-20220.0058
 22-Jul-20220.0015
 21-Jul-20220.0012
 20-Jul-20220.0015
 19-Jul-20220.0014
 18-Jul-20220.0012
 14-Jul-20220.0003
 13-Jul-20220.0051
 12-Jul-20220.0022
 11-Jul-20220.0019
 07-Jul-20220.0006
 06-Jul-20220.0070
 05-Jul-20220.0032
 04-Jul-20220.0057
 02-May-20220.0002
 07-Apr-20220.0007
 05-Apr-20220.0007
 04-Apr-20220.0052
 31-Mar-20220.0035
 30-Mar-20220.0029
IDCW Weekly02-Aug-20220.0238

 26-Jul-20220.0076
 19-Jul-20220.0073
 12-Jul-20220.0109
 05-Jul-20220.0092
 05-Apr-20220.0115
 29-Mar-20220.0077
 22-Mar-20220.0106
 15-Mar-20220.0078
 22-Feb-20220.0039
 15-Feb-20220.0218
 08-Feb-20220.0018
 25-Jan-20220.0052
 18-Jan-20220.0058
 11-Jan-20220.0056
 04-Jan-20220.0044
 14-Dec-20210.0073
 07-Dec-20210.0032
 30-Nov-20210.0068
 23-Nov-20210.0054
 16-Nov-20210.0026
 09-Nov-20210.0153
 21-Sep-20210.0050
 31-Aug-20210.0107
 24-Aug-20210.0104
IDCW Monthly25-Nov-20210.0400

 25-Oct-20210.0600
 27-Sep-20210.0600
 25-May-20210.0600
 26-Apr-20210.0600
 25-Mar-20210.0600
 24-Feb-20210.0600
 28-Jan-20210.0600
 29-Dec-20200.0600
 25-Nov-20200.0600
 28-Oct-20200.0600
 29-Sep-20200.0600
 27-Aug-20200.0600
 29-Jul-20200.0600
 25-Feb-20200.0432
 27-Jan-20200.0432
 30-Dec-20190.0432
 27-Nov-20190.0432
 29-Oct-20190.0432
 24-Sep-20190.0432
 27-Aug-20190.0432
 29-Jul-20190.0432
 25-Jun-20190.0432
 27-May-20190.0432
 30-Apr-20190.0432

Contact Information

AMC: LIC Mutual Fund Asset Management Company Ltd

Address: Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai - 400020

Phone: 022-66016177 / 022-66016178

Fax: 022-22880633

Email: [email protected]

Website: http://www.licmf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

How to be financially independent

DateMon, 15-Aug-2022
Time12:30 PM - 12:40 PM

attending You have reserved a spot