LIC MF Banking & PSU Debt Fund Direct Growth+0.12%

5Groww
11.43%
1 Year Return
Debt
Banking & PSU
5.0 star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Banking & PSU Debt Fund Direct Growth

RiskVery Low
Min SIP Amount₹1000
Expense Ratio0.27%
NAV25.43 (08 Jul 2019)
Fund Started31 Dec 2012
Fund Size712 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Banking & PSU Debt Fund Direct Growth
11.4%
8.5%
8.2%
8.3%
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
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 11.4% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 5 years
    2. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 1000 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk-adjusted returns are lower compared to the category
    4. Risk is higher compared to the benchmark
    5. Higher expense ratio
    6. 1Y Returns are lower than the benchmark
    7. 3Y Returns are lower than the benchmark
    8. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    State Bank of IndiaFinancial ServicesFRB8.5%
    7.35 Bharat Petroleum Corporation Ltd. Mar 10 2022 EnergyDebentures8.3%
    7.17 National Highway Authority of India Dec 23 2021 ServicesBond8.2%
    HDFC Bank Ltd.Financial ServicesCD7.8%
    Triparty RepoCurrent AssetsMoney Market6.0%
    8.94 Export-Import Bank of India Ltd. Dec 31 2022 Financial ServicesBond5.7%
    Indian BankFinancial ServicesCD5.6%
    7.59 Housing & Urban Development Corporation Ltd. Jun 21 2020 Financial ServicesDebentures5.6%
    9.05 Dewan Housing Finance Corporation Ltd. Sep 9 2019 Financial ServicesDebentures5.6%
    7.42 Power Finance Corporation Ltd. Jul 26 2020 Financial ServicesBond5.6%
    See All

    Fund Managers

    addMarzban Irani
    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, 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

    Other Details

    LIC MF Banking & PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 31 Dec 2012. Marzban Irani is the Current Fund Manager of LIC MF Banking & PSU Debt Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹712 Cr and the Latest NAV as of 08 Jul 2019 is ₹25.43.

    The LIC MF Banking & PSU Debt Fund Direct Growth is rated Very Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    The investment objective of the scheme is to provide reasonable possible current income - consistent with preservation of capital and providing liquidity - from investing in a diversified portfolio of short-term money market and debt securities.

    Tax Implications

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    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
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