Fund Performance
Lumpsum
SIP
15.07
as on 28 Nov 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 15,241 today.
NAV Performance
Fund Information
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₹ 17.538
as on 28 Nov 2023 -
Regular - Growth
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-
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₹ 5,000
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₹ 141 Cr.
as on 31 May 2023 -
2.51%
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27 Mar 2015
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Nifty Financial Services TRI
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LIC Mutual Fund
Show All Funds -
LIC MF Banking & Financial Services Fund - Regular Plan - Growth charges 1.0% of sell value; if fund sold before 90 days. There are no other charges.
Highlights of this fund
LIC Banking And Financial Services Fund is an Open-ended Equity Fund. The fund belongs to Sectoral/Thematic category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 27 Mar 2015. This fund is offered by one of the top AMC (Assets Management Company) LIC Mutual Fund. You can also view here all other Equity funds offered by LIC Mutual Fund.
Latest NAV of the fund is ₹ 17.538 as on 28 Nov 2023.
This fund has 8 years of track record. Since 31 Mar 2023 expense ratio of this fund is 2.51%. Ideally you shoulds compare this fund with the benchmark Nifty Financial Services TRI.
You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.
Fund 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.
List of Fund Managers of LIC Banking And Financial Services Fund
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About Jaiprakash Toshniwal
Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University. Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with
India First Life Insurance and Taurus Mutual Fund.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Very High Risk
Fund Return Comparison
| Fund Name | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 10.64% | 14.71% | 36.45% | 40.04% | 38.01% | 40.84% | 28.51% | 22.48% | 61.01% | 42.34% | 36.10% | 34.14% | 22.19% |
| Category Average | 6.27% | 6.47% | 17.90% | 20.40% | 13.75% | 22.32% | 16.71% | 15.99% | 32.69% | 22.14% | 19.31% | 20.76% | 15.39% |
| LIC Banking And Financial Services Fund | 2.58%₹ 10,257 | 0.81%₹ 10,080 | 8.13%₹ 10,812 | 11.13%₹ 11,112 | 16.26%₹ 13,033 | 13.86%₹ 12,972 | 17.58%₹ 28,536 | 15.07%₹ 15,241 | 14.90%₹ 44,922 | 12.17%₹ 17,765 | 14.57%₹ 86,442 | - | - |
| ICICI Prudential Infrastructure Fund | 7.60%₹ 10,759 | 8.71%₹ 10,870 | 22.83%₹ 12,282 | 31.24%₹ 13,124 | 41.46%₹ 14,554 | 29.09%₹ 16,688 | 35.21%₹ 33,364 | 40.84%₹ 27,965 | 33.87%₹ 58,265 | 22.70%₹ 27,829 | 31.03%₹ 1,28,567 | 18.16%₹ 53,107 | 18.83%₹ 3,23,398 |
| Quant Infrastructure Fund | 10.64%₹ 11,063 | 13.57%₹ 11,356 | 24.21%₹ 12,421 | 18.02%₹ 11,801 | 40.21%₹ 14,481 | 16.60%₹ 13,607 | 25.45%₹ 30,657 | 40.28%₹ 27,630 | 28.19%₹ 54,021 | 28.51%₹ 35,072 | 34.14%₹ 1,38,329 | 21.42%₹ 69,700 | 22.19%₹ 3,87,889 |
| HDFC Infrastructure Fund | 7.29%₹ 10,729 | 9.79%₹ 10,978 | 36.45%₹ 13,645 | 40.04%₹ 14,003 | 61.01%₹ 15,681 | 29.69%₹ 16,842 | 42.34%₹ 35,396 | 40.03%₹ 27,481 | 36.10%₹ 59,985 | 17.01%₹ 21,943 | 28.54%₹ 1,21,209 | 14.53%₹ 38,868 | 14.28%₹ 2,53,145 |
| Aditya Birla Sun Life PSU Equity Fund | 8.73%₹ 10,872 | 14.71%₹ 11,471 | 29.42%₹ 12,941 | 33.41%₹ 13,341 | 52.33%₹ 15,186 | 30.64%₹ 17,091 | 38.40%₹ 34,269 | 36.07%₹ 25,214 | 33.49%₹ 57,974 | - | - | - | - |
| Nippon India Power & Infra Fund | 8.56%₹ 10,856 | 11.22%₹ 11,122 | 29.48%₹ 12,947 | 38.09%₹ 13,808 | 55.19%₹ 15,350 | 25.66%₹ 15,809 | 39.68%₹ 34,635 | 36.05%₹ 25,205 | 33.73%₹ 58,156 | 21.13%₹ 26,095 | 29.60%₹ 1,24,307 | 18.01%₹ 52,451 | 18.23%₹ 3,13,055 |
Portfolio Holdings
Top Sector Holdings of LIC Banking And Financial Services Fund
| Name of Sector | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Banks | 59.00% | ₹ 92.73 Cr. |
| NBFC | 12.07% | ₹ 18.96 Cr. |
| Housing Finance | 9.37% | ₹ 14.72 Cr. |
| Other Financial Services | 5.82% | ₹ 9.13 Cr. |
| Investment Companies | 3.69% | ₹ 5.79 Cr. |
| Others | 10.05% | - |
Top Stock Holdings of LIC Banking And Financial Services Fund
| Name of Stocks | Holding Percentage | Holding Values in Crore |
|---|---|---|
| ICICI Bank Ltd. | 14.77% | ₹ 23.21 Cr. |
| HDFC Bank Ltd. | 10.30% | ₹ 16.19 Cr. |
| Housing Development Finance Corporation Ltd. | 9.37% | ₹ 14.72 Cr. |
| Axis Bank Ltd. | 9.36% | ₹ 14.71 Cr. |
| State Bank Of India | 9.26% | ₹ 14.55 Cr. |
| Others | 46.94% | - |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 4.45% |
| Net Receivables | 0.34% |