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LIC MF Banking & PSU Debt Fund

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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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 -0.58 -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

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 6.08 8.09 7.64 0.83 2,622
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
 Mar-13 8.21 9.45 8.23 0.63 17,774
Axis Banking & PSU Debt Fund
5 star
 Jun-12 7.61 8.82 8.37 0.62 16,767
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
 Dec-98 7.42 8.94 8.46 0.77 11,292
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
 May-15 7.95 8.86 8.42 0.79 7,712

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 4.90 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

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

Portfolio Aggregates

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 -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.07 - 24.62 7.20
up 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 6.13 6.13
up 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 5.74 5.74
new Kotak Mahindra Bank 2021 Certificate of Deposit A1+ 0.00 - 5.72 5.72
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 6.03 5.66
up 5.85% GOI 2030 GOI Securities SOV 0.00 - 5.39 5.39
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 4.76 4.76
up 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 3.98 3.98
new HPCL 34-D 23/02/2021 Commercial Paper A1+ 0.00 - 3.81 3.81
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 5.60 3.79
up 6.83% Power Finance Corp. 24/04/2023 Debenture AAA 0.00 - 2.70 2.70
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 4.66 2.57
up 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 5.54 2.44
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.89 - 3.60 2.02
equal 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 2.36 1.97
new 4.78% HUDCO 28/02/2024 Non Convertible Debenture AAA 0.00 - 1.90 1.90
equal Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 2.01 1.89
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 2.01 1.88
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 2.24 1.88
equal 6.72% NTPC 24/11/2021 Bonds AAA 1.70 - 3.69 1.70
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 2.43 1.66
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 2.90 1.63
equal 8.15% REC 18/06/2021 Bonds/Debentures AAA 1.63 - 3.44 1.63
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.08 - 2.19 1.08
equal 8.35% REC 13/03/2022 Debenture AAA 1.07 - 2.18 1.07

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-Jan-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:

Invest Online
-0.04%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 27.2465

Dividend Weekly: ₹ 10.3381

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Dividend Monthly: ₹ 10.5312

Dividend Daily: ₹ 10.4931

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: 7.56%
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

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly24-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
 31-Jan-20190.0360
 28-Dec-20180.1080
 29-Nov-20180.0836
 26-Oct-20180.0480
Dividend 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
Dividend Weekly05-Jan-20210.0272

 29-Dec-20200.0118
 22-Dec-20200.0029
 08-Dec-20200.0053
 01-Dec-20200.0053
 24-Nov-20200.0192
 17-Nov-20200.0214
 10-Nov-20200.0170
 03-Nov-20200.0020
 27-Oct-20200.0075
 20-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

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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