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2 star

LIC MF Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 2.09 -0.02 -0.02 -0.02 0.72 1.82 3.05 7.63 7.01 7.05 7.38
CCIL T Bill Liquidity Weight 1.62 0.00 0.01 0.11 0.51 1.07 2.07 3.32 3.62 4.06 4.52
Debt: Banking and PSU 2.77 -0.03 -0.05 -0.11 1.01 2.40 4.02 8.29 7.32 7.85 8.31
Rank within category 21 11 8 7 21 21 19 15 13 12 3
Number of funds in category 21 22 22 22 22 22 19 17 15 13 3

As on 20-Oct-2021

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 3.05 7.63 7.01 0.83% 1,959
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 3.99 9.37 7.78 0.63% 19,205
Axis Banking & PSU Debt Fund
4 star
Jun-12 3.84 8.60 7.81 0.62% 16,745
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 4.35 8.68 7.48 0.67% 15,823
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 4.80 9.09 7.79 0.76% 9,332

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 3.14 14-Oct-2020 - 14-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.58 1.85 1.96 3.50 2.39 5.09
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Banking and PSU 8.21 2.43 1.91 3.58 2.22 5.62
Rank within category 15 2 12 11 9 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-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 49 55 45 82
Modified Duration (yrs) 1.33 2.44 1.20 2.43
Average Maturity (yrs) 1.55 2.96 1.33 3.22
Yield to Maturity (%) 4.30 4.61 4.13 5.01
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
new Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 8.16 8.16
equal HDFC Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 6.35 6.35
up 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 5.31 5.31
down 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 6.71 4.88
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.01 - 6.50 3.90
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 2.57 - 4.00 3.56
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 2.02 - 3.16 2.79
equal 6.99% Housing & Urban Development Corporation 2022 Debenture AAA 0.00 - 2.78 2.78
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 2.77 2.77
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 2.71 2.71
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.70 2.70
new 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 0.00 - 2.67 2.67
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 2.65 2.65
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 2.53 2.53
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 1.98 - 5.57 2.36
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 2.36 2.34
equal 6.72% NTPC 24/11/2021 Bonds AAA 1.70 - 2.65 2.33
equal 6.55% NTPC 17/04/2023 Debenture AAA 1.66 - 2.43 2.16
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.93 1.99
down 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.79 1.96
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.44 - 5.54 1.86
new 6.10% GOI 2031 GOI Securities SOV 0.00 - 1.49 1.49
equal 9.25% Power Grid Corporation 26/12/2022 Bonds AAA 0.00 - 1.44 1.44
equal 7.96% Maharashtra State 29/06/2026 State Development Loan SOV 0.00 - 1.41 1.41
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.08 - 1.58 1.38

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-2021

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:


-0.02%

Change from previous, NAV as on 20-Oct-2021

Growth: ₹ 27.9774

IDCW Weekly: ₹ 10.0477

More

IDCW Monthly: ₹ 10.5707

IDCW Daily: ₹ 10.7746


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 31-May-2007
Return Since Launch: 7.41%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,959 Cr (As on 30-Sep-2021)
Expense: 0.83% (As on 30-Sep-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly27-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
 25-Mar-20190.0504
 25-Feb-20190.0360
IDCW Weekly21-Sep-20210.0050

 31-Aug-20210.0107
 24-Aug-20210.0104
 17-Aug-20210.0090
 10-Aug-20210.0039
 03-Aug-20210.0084
 27-Jul-20210.0097
 20-Jul-20210.0094
 13-Jul-20210.0101
 06-Jul-20210.0034
 29-Jun-20210.0069
 22-Jun-20210.0062
 15-Jun-20210.0112
 08-Jun-20210.0089
 01-Jun-20210.0121
 25-May-20210.0100
 18-May-20210.0104
 11-May-20210.0096
 04-May-20210.0073
 27-Apr-20210.0096
 20-Apr-20210.0064
 15-Apr-20210.0161
 06-Apr-20210.3644
 05-Jan-20210.0272
 29-Dec-20200.0118
IDCW Daily05-Jan-20210.0097

 04-Jan-20210.0094
 01-Jan-20210.0031
 31-Dec-20200.0022
 30-Dec-20200.0032
 29-Dec-20200.0041
 28-Dec-20200.0054
 24-Dec-20200.0006
 23-Dec-20200.0018
 22-Dec-20200.0011
 10-Dec-20200.0002
 07-Dec-20200.0002
 26-Nov-20200.0055
 25-Nov-20200.0068
 24-Nov-20200.0031
 23-Nov-20200.0035
 20-Nov-20200.0025
 19-Nov-20200.0056
 18-Nov-20200.0049
 17-Nov-20200.0061
 13-Nov-20200.0078
 12-Nov-20200.0034
 06-Nov-20200.0057
 05-Nov-20200.0130
 26-Oct-20200.0098

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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