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LIC Banking And PSU Debt Fund

LIC Banking And PSU Debt Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

7.79

as on 02 Aug 2021

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 12,524 today.

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NAV Performance

LIC Banking And PSU Debt Fund performance graph for last 3 years
Performance of LIC Banking And PSU Debt Fund for last 3 Years

Fund Information

  • ₹ 27.811

    as on 02 Aug 2021
  • Regular - Growth

  • 9 / 19

  • ₹ 5,000

  • ₹ 2,200 Cr.

    as on 02 Aug 2021
  • 0.83%

    since 31 May 2021
  • 30 May 2007

  • Debt - Banking and PSU Fund

  • CRISIL 10 Year Gilt Index

  • LIC mutual fund

    Show All Funds

Highlights of this fund

LIC Banking And PSU Debt Fund is an Open-ended Debt Fund. The fund belongs to Banking and PSU Fund 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 30 May 2007. This fund is offered by one of the top AMC (Assets Management Company) LIC mutual fund. You can also view here all other Debt funds offered by LIC mutual fund.

Latest NAV of the fund is ₹ 27.811 as on 02 Aug 2021.

This fund has 14 years of track record. Since 31 May 2021 expense ratio of this fund is 0.83%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.

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 primary investment objective of the Scheme is to 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. There is no assurance that the investment objective of the Scheme will be realized.

List of Fund Managers of LIC Banking And PSU Debt Fund

  • About Marzban Irani

    Picture of Marzban IraniMr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai. 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.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderately Low Risk

Fund Return Comparison

Fund Name 1 Week 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 0.18% 0.81% 1.46% 3.18% 5.09% 8.69% 10.05% 8.03% 9.15% 5.00% 7.39% 9.13% 8.38% 8.72%
Category Average 0.10% 0.54% 1.12% 2.52% 4.34% 7.48% 8.31% 7.52% 8.30% 4.44% 6.41% 7.55% 7.51% 7.91%
LIC Banking And PSU Debt Fund 0.07%₹ 10,006 0.52%₹ 10,051 0.92%₹ 10,091 2.16%₹ 10,215 3.40%₹ 10,339 3.56%₹ 12,229 6.34%₹ 11,309 5.33%₹ 25,344 7.79%₹ 12,524 6.66%₹ 39,819 7.27%₹ 14,206 7.13%₹ 71,823 7.50%₹ 20,623 7.28%₹ 1,74,614
Aditya Birla Sun Life Banking & PSU Debt Fund 0.12%₹ 10,011 0.66%₹ 10,066 1.36%₹ 10,135 2.80%₹ 10,279 4.85%₹ 10,484 4.99%₹ 12,320 7.84%₹ 11,631 7.00%₹ 25,769 8.77%₹ 12,869 8.06%₹ 40,658 7.91%₹ 14,633 7.96%₹ 73,342 9.15%₹ 24,013 8.72%₹ 1,88,272
ICICI Prudential Banking And PSU Debt Fund 0.18%₹ 10,017 0.48%₹ 10,047 1.30%₹ 10,129 2.40%₹ 10,239 4.91%₹ 10,491 4.87%₹ 12,313 7.30%₹ 11,514 6.58%₹ 25,661 8.05%₹ 12,617 7.52%₹ 40,336 7.56%₹ 14,401 7.41%₹ 72,342 8.60%₹ 22,828 8.21%₹ 1,83,326
Kotak Banking And PSU Debt Fund 0.15%₹ 10,015 0.51%₹ 10,050 1.46%₹ 10,145 2.57%₹ 10,257 4.62%₹ 10,461 4.69%₹ 12,301 7.82%₹ 11,627 6.75%₹ 25,705 8.88%₹ 12,911 8.00%₹ 40,624 8.03%₹ 14,719 8.03%₹ 73,475 - -
Axis Banking & PSU Debt Fund 0.10%₹ 10,009 0.62%₹ 10,061 1.12%₹ 10,112 2.50%₹ 10,250 4.60%₹ 10,459 4.55%₹ 12,293 7.56%₹ 11,572 6.42%₹ 25,622 8.62%₹ 12,818 7.67%₹ 40,423 8.01%₹ 14,704 7.99%₹ 73,392 - -
L&T Banking And PSU Debt Fund 0.14%₹ 10,014 0.81%₹ 10,080 1.24%₹ 10,123 2.75%₹ 10,274 4.65%₹ 10,465 4.74%₹ 12,305 7.84%₹ 11,632 6.68%₹ 25,688 8.26%₹ 12,690 7.69%₹ 40,437 7.62%₹ 14,442 7.60%₹ 72,690 - -

Portfolio Holdings

Portfolio holdings pattern of LIC Banking And PSU Debt Fund as on 04 Aug 2021 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    98.89%
  • Others Holdings:

    1.11%

Top Debt Instrument Type holdings of LIC Banking And PSU Debt Fund

Instrument TypeHolding PercentageHolding Values in Crore
NCD & Bonds 66.01% ₹ 1,452.55 Cr.
GOI 11.41% ₹ 250.95 Cr.
CP 9.05% ₹ 199.07 Cr.
CD 8.79% ₹ 193.27 Cr.
T-Bills 3.63% ₹ 79.95 Cr.
Others 1.11% -

Top Debt Holdings of LIC Banking And PSU Debt Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Govt of India 11.41% ₹ 250.95 Cr.
Bond - National Housing Bank 9.05% ₹ 199.11 Cr.
Bond - Indian Oil Corporation Ltd. 8.87% ₹ 195.31 Cr.
Bond - Power Finance Corporation Ltd. 8.22% ₹ 181.00 Cr.
Bond - Axis Bank Ltd. 7.69% ₹ 169.17 Cr.
Others 54.76%

Other Holdings

Holding TypeHolding Percentage
TREPS 1.86%
Net Receivables -0.75%