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LIC MF Banking & PSU Debt Fund

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.42 0.06 0.12 0.55 1.75 3.53 9.69 7.70 7.43 7.55 7.54
Debt: Banking and PSU 0.45 0.07 0.13 0.62 2.02 3.98 9.78 7.30 7.95 8.27 8.38
Rank within category 13 11 9 15 17 15 14 6 11 4 3
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.76 (14-Jun-2019 - 16-Jul-2019) -0.23 (24-Aug-2018 - 25-Sep-2018)
Quarter 4.14 (09-May-2019 - 08-Aug-2019) 0.99 (30-Nov-2017 - 01-Mar-2018)
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 7.47 1.33 1.31 3.13 3.28 7.12
Debt: Banking and PSU 7.19 2.04 0.83 1.62 4.73 9.24
Rank within category 7 1 2 1 2 16
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 43 17 66
Modified Duration (yrs) -- -- -- 2.63
Average Maturity (yrs) 2.28 4.13 1.49 3.40
Yield to Maturity (%) 6.79 7.92 6.39 6.91

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 7.67 7.67
new Export-Import Bank 24/06/2020 Certificate of Deposit A1+ 0.00 - 6.62 6.62
up 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 4.54 4.54
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.00 - 5.19 4.23
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 6.03 3.83
equal 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 3.83 3.83
new Axis Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 3.69 3.69
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 3.59 3.59
equal 6.72% NTPC 24/11/2021 Bonds AAA 3.10 - 7.69 3.28
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 8.51 3.11
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 7.73 3.09
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 5.67 3.08
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.64 2.89
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 2.59 2.59
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 4.18 2.28
equal 9.48% REC 2021 Bonds AAA 0.00 - 2.40 1.96
equal State Bank of India 2056 Debenture AA+ 0.00 - 3.08 1.96
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 3.08 1.95
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.39 1.94
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.00 - 3.04 1.93
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 3.04 1.93
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 3.04 1.93
equal 8.54% Bajaj Finance 2022 Debenture AAA 0.00 - 3.56 1.93
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 2.35 1.92
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 3.51 1.91

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-Dec-2019

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:

Invest Online
0.06%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 25.3509

Dividend Weekly: ₹ 10.1494

More

Dividend Monthly: ₹ 10.3661

Dividend Daily: ₹ 10.3180

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: 7.63%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,323 Cr (As on 31-Dec-2019)
Expense: 0.83% (As on 31-Dec-2019)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.0021

 16-Jan-20200.0020
 15-Jan-20200.0006
 13-Jan-20200.0006
 09-Jan-20200.0025
 08-Jan-20200.0024
 07-Jan-20200.0029
 03-Jan-20200.0068
 02-Jan-20200.0023
 01-Jan-20200.0011
 04-Dec-20190.0612
 02-Dec-20190.0027
 29-Nov-20190.0141
 28-Nov-20190.0006
 25-Nov-20190.0040
 22-Nov-20190.0023
 04-Oct-20190.0021
 03-Oct-20190.0001
 30-Sep-20190.0039
 27-Sep-20190.0018
 26-Sep-20190.0389
 25-Sep-20190.0144
 23-Sep-20190.0028
 19-Sep-20190.0024
 18-Sep-20190.0022
Dividend Weekly14-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
 07-Oct-20190.0088
 01-Oct-20190.0154
 24-Sep-20190.0070
 17-Sep-20190.0106
 09-Sep-20190.0070
 03-Sep-20190.0069
 27-Aug-20190.0098
 20-Aug-20190.0087
 13-Aug-20190.0117
 06-Aug-20190.0100
 30-Jul-20190.0112
 23-Jul-20190.0198
 16-Jul-20190.0248
 09-Jul-20190.0139
 02-Jul-20190.0111
Dividend Monthly30-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
 29-Dec-20170.0232
 30-Nov-20170.0278

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: www.licmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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