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4 star

LIC MF Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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.

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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 7.57 0.07 0.10 1.00 1.05 4.59 8.80 8.47 7.94 7.68 7.86
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Banking and PSU 8.64 0.09 0.22 1.24 1.38 5.34 10.11 8.47 8.39 8.74 8.76
Rank within category 17 12 18 17 18 16 17 11 12 10 3
Number of funds in category 19 20 20 20 19 19 19 16 14 10 3

As on 23-Oct-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 8.80 8.47 7.94 0.83 1,751
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 11.03 9.48 8.60 0.65 18,980
Axis Banking & PSU Debt Fund
5 star
Jun-12 9.76 9.17 8.67 0.62 17,591
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 10.80 8.95 8.80 0.74 9,277
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 10.99 8.91 8.76 0.80 6,429

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 8.00 1.67 1.76 3.88 1.70 4.91
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Banking and PSU 7.94 2.36 1.32 2.65 2.24 5.48
Rank within category 10 1 2 2 6 12
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 48 34 82
Modified Duration (yrs) 2.08 2.43 2.00 2.88
Average Maturity (yrs) 2.50 3.74 2.18 3.75
Yield to Maturity (%) 4.68 6.79 4.56 5.39
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 7.01 7.01
up 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 6.52 6.52
new Reserve Bank of India 91-D 10/12/2020 Treasury Bills SOV 0.00 - 5.68 5.68
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 5.77 5.66
equal SIDBI 28/01/2021 Commercial Paper A1+ 0.00 - 5.76 5.65
up 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 5.48 5.48
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 5.60 5.47
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 4.66 3.84
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.89 - 3.60 2.98
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.55 2.94
new Axis Bank 28/10/2020 Certificate of Deposit A1+ 0.00 - 2.85 2.85
equal 6.72% NTPC 24/11/2021 Bonds AAA 2.52 - 4.00 2.52
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 2.90 2.42
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 2.42 2.37
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 2.35 - 3.76 2.35
equal 7.15% HDFC 16/09/2021 Debenture AAA 2.34 - 4.54 2.34
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 1.83 1.73
new 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.72 1.72
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 0.00 - 1.71 1.59
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 2.19 1.52
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.51 - 2.39 1.51
equal 8.35% REC 13/03/2022 Debenture AAA 1.50 - 2.37 1.50
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 1.50 - 2.37 1.50
equal 9.48% REC 2021 Bonds AAA 1.49 - 2.40 1.49
equal 7.34% HUDCO 16/09/2022 Debenture AAA 1.49 - 2.35 1.49

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-Sep-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:


0.07%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 27.1565

Dividend Weekly: ₹ 10.4229

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Dividend Monthly: ₹ 10.7949

Dividend Daily: ₹ 10.5763


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: 7.74%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,751 Cr (As on 30-Sep-2020)
Expense: 0.83% (As on 30-Sep-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Oct-20200.0028

 20-Oct-20200.0037
 15-Oct-20200.0036
 14-Oct-20200.0061
 13-Oct-20200.0090
 12-Oct-20200.0074
 09-Oct-20200.0299
 08-Oct-20200.0070
 07-Oct-20200.0061
 06-Oct-20200.0046
 05-Oct-20200.0060
 03-Sep-20200.0070
 05-Aug-20200.0032
 04-Aug-20200.0020
 03-Aug-20200.0024
 20-Jul-20200.0046
 17-Jul-20200.0026
 16-Jul-20200.0012
 15-Jul-20200.0039
 13-Jul-20200.0045
 10-Jul-20200.0124
 09-Jul-20200.0046
 08-Jul-20200.0018
 07-Jul-20200.0032
 06-Jul-20200.0105
Dividend Weekly20-Oct-20200.0133

 13-Oct-20200.0587
 06-Oct-20200.0205
 04-Aug-20200.0106
 21-Jul-20200.0146
 14-Jul-20200.0239
 07-Jul-20200.0228
 30-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
Dividend Monthly29-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
 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

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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