LIC MF Banking & Financial Services Fund Direct Growth-2.16%

1Groww
-5.72%
1 Year Return
Equity
Sectoral/Thematic
1.0 star
6M
1Y
3Y
All

Fund Details

LIC MF Banking & Financial Services Fund Direct Growth

RiskVery High
Min SIP Amount₹1000
Expense Ratio1.49%
NAV11.98 (08 Jul 2019)
Fund Started26 Mar 2015
Fund Size57 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Banking & Financial Services Fund Direct Growth
-5.7%
3.1%
NA
2.2%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    30
    with -5.7% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    1. Age is less than 5 years
    2. Risk is higher compared to the benchmark
    3. 1Y Returns are lower than the benchmark
    4. 3Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.Financial ServicesEquity19.3%
    ICICI Bank Ltd. Financial ServicesEquity10.3%
    Kotak Mahindra Bank Ltd.Financial ServicesEquity10.2%
    Axis Bank Ltd.Financial ServicesEquity9.1%
    Triparty RepoCurrent AssetsMoney Market7.1%
    City Union Bank Ltd.Financial ServicesEquity6.8%
    IndusInd Bank Ltd.Financial ServicesEquity6.5%
    Housing Development Finance Corporation Ltd.Financial ServicesEquity6.1%
    Federal Bank Ltd.Financial ServicesEquity6.0%
    Bajaj Finance Ltd.Financial ServicesEquity3.8%
    See All

    Fund Managers

    addYogesh Patil
    Education
    Mr. Patil is an MBA (Finance).
    Experience
    Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
    Funds Managed

    Other Details

    LIC MF Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 26 Mar 2015. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Banking & Financial Services Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹57 Cr and the Latest NAV as of 08 Jul 2019 is ₹11.98.

    The LIC MF Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months..

    Investment Objective

    The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that in invested substantially in equity and equity related securities of companies engaged in banking and financial services sector. However there can be no assurance that the investment objective of the scheme will be achieved.

    Tax Implications

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹500
    Min for Second Investment
    For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.
    Exit Load

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    About LIC Mutual Fund

    Address
    4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
    Phone
    022-66016000
    Launch Date
    19 Apr 1994
    Website
    NA
    LIC Mutual Fund
    Asset Management Company
    Custodian
    Standard Chartered Bank
    Registrar & Transfer Agent
    Karvy
    Address
    NA
    Invest Now
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