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4 star

LIC MF Banking & PSU Debt Fund


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, 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-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.80 0.05 0.33 1.55 4.07 5.61 10.53 8.54 8.04 7.84 7.86
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Banking and PSU 6.33 0.06 0.36 1.62 4.08 6.10 11.43 8.47 8.54 8.55 8.72
Rank within category 16 12 11 14 14 16 14 9 12 6 3
Number of funds in category 19 19 19 19 19 19 18 16 14 7 3

As on 03-Jul-2020

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
4 star
May-07 10.53 8.54 8.04 0.83 1,433
IDFC Banking & PSU Debt Fund - Regular Plan
4 star
Mar-13 13.06 9.52 8.66 0.65 16,791
Axis Banking & PSU Debt Fund  | Invest Online
5 star
Jun-12 11.80 9.28 8.79 0.62 15,317
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 11.79 8.87 8.83 0.61 6,163
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
3 star
Apr-08 11.89 8.68 9.16 0.67 12,231

Best & Worst Performance

Best (Period) Worst (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) 4.90 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.18 1.57 1.83 4.69 1.31 4.49
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.12 2.27 1.35 2.90 2.07 5.36
Rank within category 10 1 1 2 5 13
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 48 30 74
Modified Duration (yrs) -- -- -- 2.80
Average Maturity (yrs) 2.92 3.74 2.18 3.60
Yield to Maturity (%) 5.50 7.21 5.50 5.74

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 24.62 14.43
down 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 8.03 4.24
up 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 3.61 3.61
equal 6.35% Export-Import Bank 18/02/2025 Debenture AAA 0.00 - 4.25 3.58
up 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.89 - 4.18 3.55
new 6.87% National Bank Agr. Rur. Devp 2030 Bonds/NCDs AAA 0.00 - 3.54 3.54
new HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.52 3.52
up 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 3.21 3.21
down Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 5.73 3.14
equal 6.72% NTPC 24/11/2021 Bonds AAA 2.76 - 6.02 3.09
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 2.64 - 7.73 3.00
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 2.59 - 5.67 2.86
new 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 2.83 2.83
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 4.54 2.82
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 2.68 2.68
new Reserve Bank of India 182-D 04/06/2020 Treasury Bills SOV 0.00 - 1.88 1.88
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 2.19 1.84
equal 7.55% IRFC 2029 Debenture AAA 0.00 - 4.35 1.84
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 1.93 1.83
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 1.42 - 3.04 1.83
equal 9.48% REC 2021 Bonds AAA 0.00 - 2.40 1.81
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 3.51 1.81
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.39 1.81
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 3.04 1.80
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.00 - 3.04 1.80

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-May-2020

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:


0.05%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 26.7097

Dividend Weekly: ₹ 10.4142

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Dividend Monthly: ₹ 10.7964

Dividend Daily: ₹ 10.5510


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

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 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 31-May-2007
Return Since Launch: 7.79%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,433 Cr (As on 31-May-2020)
Expense: 0.83% (As on 31-May-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jul-20200.0056

 02-Jul-20200.0111
 01-Jul-20200.0076
 30-Jun-20200.0061
 29-Jun-20200.0047
 26-Jun-20200.0026
 25-Jun-20200.0046
 24-Jun-20200.0011
 23-Jun-20200.0018
 22-Jun-20200.0050
 19-Jun-20200.0027
 18-Jun-20200.0017
 17-Jun-20200.0017
 16-Jun-20200.0046
 15-Jun-20200.0094
 12-Jun-20200.0034
 11-Jun-20200.0096
 10-Jun-20200.0070
 26-May-20200.0067
 22-May-20200.0017
 21-May-20200.0006
 20-May-20200.0074
 19-May-20200.0137
 18-May-20200.0101
 14-May-20200.0193
Dividend Weekly30-Jun-20200.0324

 23-Jun-20200.0145
 16-Jun-20200.0320
 26-May-20200.0109
 19-May-20200.0182
 12-May-20200.0277
 05-May-20200.0097
 09-Mar-20200.0036
 03-Mar-20200.0006
 25-Feb-20200.0053
 18-Feb-20200.0090
 11-Feb-20200.0183
 04-Feb-20200.0185
 28-Jan-20200.0216
 21-Jan-20200.0140
 14-Jan-20200.0028
 07-Jan-20200.0162
 03-Dec-20190.0103
 26-Nov-20190.0148
 19-Nov-20190.0915
 11-Nov-20190.0053
 05-Nov-20190.0093
 29-Oct-20190.0083
 22-Oct-20190.0079
 15-Oct-20190.0103
Dividend Monthly25-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
 25-Mar-20190.0504
 25-Feb-20190.0360
 31-Jan-20190.0360
 28-Dec-20180.1080
 29-Nov-20180.0836
 26-Oct-20180.0480
 28-Sep-20180.0121
 04-Sep-20180.0347
 30-Jul-20180.0584
 29-Jun-20180.0392
 28-May-20180.0274
 27-Apr-20180.0357
 23-Mar-20180.0313
 27-Feb-20180.0495

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

Last Session

VR Helpline

Winning and losing

dateSaturday, 04-Jul-2020
time04:00 PM - 05:00 PM

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