1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
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
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | -0.58 | -0.04 | -0.11 | -0.31 | -0.38 | 1.56 | 6.08 | 8.09 | 7.64 | 7.37 | 7.65 |
CCIL T Bill Liquidity Weight | 0.29 | 0.01 | 0.01 | 0.18 | 0.43 | 1.07 | 2.84 | 3.75 | 3.97 | 4.39 | 4.68 |
Debt: Banking and PSU | -0.72 | -0.05 | -0.20 | -0.60 | -0.44 | 1.92 | 6.94 | 8.30 | 8.07 | 8.21 | 8.55 |
Rank within category | 8 | 14 | 6 | 8 | 11 | 17 | 16 | 13 | 12 | 9 | 3 |
Number of funds in category | 22 | 23 | 23 | 22 | 21 | 20 | 19 | 16 | 14 | 11 | 3 |
As on 26-Feb-2021
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 | May-07 | 6.08 | 8.09 | 7.64 | 0.83 | 2,622 | |
IDFC Banking & PSU Debt Fund - Regular Plan | Mar-13 | 8.21 | 9.45 | 8.23 | 0.63 | 17,774 | |
Axis Banking & PSU Debt Fund | Jun-12 | 7.61 | 8.82 | 8.37 | 0.62 | 16,767 | |
Kotak Banking and PSU Debt Fund Regular Plan | Invest Online | Dec-98 | 7.42 | 8.94 | 8.46 | 0.77 | 11,292 | |
Nippon India Banking & PSU Debt Fund | Invest Online | May-15 | 7.95 | 8.86 | 8.42 | 0.79 | 7,712 |
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 | 4.90 | 25-Sep-2017 - 25-Sep-2018 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 8.01 | 1.75 | 1.91 | 3.62 | 1.97 | 5.21 |
CCIL T Bill Liquidity Weight | 3.72 | 0.36 | -2.62 | -5.07 | -- | -- |
Debt: Banking and PSU | 8.31 | 2.39 | 1.63 | 3.14 | 2.19 | 5.71 |
Rank within category | 14 | 1 | 2 | 6 | 8 | 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 31-Jan-2021
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 50 | 55 | 34 | 88 |
Modified Duration (yrs) | 1.95 | 2.44 | 1.95 | -- |
Average Maturity (yrs) | 2.32 | 3.74 | 2.32 | -- |
Yield to Maturity (%) | 4.45 | 6.48 | 4.24 | -- |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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7.32% GOI 28/01/2024 | GOI Securities | SOV | 0.07 - 24.62 | 7.20 |
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5.69% REC 30/09/2023 | Non Convertible Debenture | AAA | 0.00 - 6.13 | 6.13 |
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5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 | Debenture | AAA | 0.00 - 5.74 | 5.74 |
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Kotak Mahindra Bank 2021 | Certificate of Deposit | A1+ | 0.00 - 5.72 | 5.72 |
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Bank of Baroda 28/05/2021 | Certificate of Deposit | A1+ | 0.00 - 6.03 | 5.66 |
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5.85% GOI 2030 | GOI Securities | SOV | 0.00 - 5.39 | 5.39 |
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Axis Bank 2021 | Certificate of Deposit | A1+ | 0.00 - 4.76 | 4.76 |
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5.05% Indian Oil Corp. 25/11/2022 | Debenture | AAA | 0.00 - 3.98 | 3.98 |
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HPCL 34-D 23/02/2021 | Commercial Paper | A1+ | 0.00 - 3.81 | 3.81 |
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5.32% National Housing Bank 2023 | Non Convertible Debenture | AAA | 0.00 - 5.60 | 3.79 |
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6.83% Power Finance Corp. 24/04/2023 | Debenture | AAA | 0.00 - 2.70 | 2.70 |
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6.44% Indian Oil Corp. 14/04/2023 | Debenture | AAA | 0.00 - 4.66 | 2.57 |
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6.40% National Bank Agr. Rur. Devp 31/07/2023 | Non Convertible Debenture | AAA | 0.00 - 5.54 | 2.44 |
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7.17% Reliance Industries 2022 | Non Convertible Debenture | AAA | 1.89 - 3.60 | 2.02 |
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5.47% Power Finance Corp. 19/08/2023 | Debenture | AAA | 0.00 - 2.36 | 1.97 |
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4.78% HUDCO 28/02/2024 | Non Convertible Debenture | AAA | 0.00 - 1.90 | 1.90 |
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Axis Bank 28/05/2021 | Certificate of Deposit | A1+ | 0.00 - 2.01 | 1.89 |
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Bank of Baroda 2021 | Certificate of Deposit | A1+ | 0.00 - 2.01 | 1.88 |
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Export-Import Bank 2021 | Certificate of Deposit | A1+ | 0.00 - 2.24 | 1.88 |
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6.72% NTPC 24/11/2021 | Bonds | AAA | 1.70 - 3.69 | 1.70 |
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6.55% NTPC 17/04/2023 | Debenture | AAA | 0.00 - 2.43 | 1.66 |
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SIDBI 16/03/2021 | Commercial Paper | A1+ | 0.00 - 2.90 | 1.63 |
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8.15% REC 18/06/2021 | Bonds/Debentures | AAA | 1.63 - 3.44 | 1.63 |
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8.45% Power Finance Corp. 2022 | Non Convertible Debenture | AAA | 1.08 - 2.19 | 1.08 |
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8.35% REC 13/03/2022 | Debenture | AAA | 1.07 - 2.18 | 1.07 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2021
— 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:
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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.
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 | 0 |
Fund House: | LIC Mutual Fund |
Launch Date: | 31-May-2007 |
Return Since Launch: | 7.56% |
Benchmark: | NIFTY Banking and PSU Debt TRI |
Riskometer: | Moderate |
Type: | Open-ended |
Assets: | ₹ 2,622 Cr (As on 31-Jan-2021) |
Expense: | 0.83% (As on 31-Jan-2021) |
Risk Grade: | Low |
Return Grade: | Below Average |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 24-Feb-2021 | 0.0600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Daily | 05-Jan-2021 | 0.0097 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Weekly | 05-Jan-2021 | 0.0272 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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