LIC MF Banking & Fina Serv Fund – Dir Growth

Equity · Sectoral / Thematic
 · ★★
₹ 1,000
Min SIP
₹ 5,000
Min Lumpsum
1.54 %
Expense Ratio
★★
Rating
278
Fund Size (in Cr)
10 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 18 August 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 13.8% 23.8% 9.9% 7.6%
Category Average 6.8% 21.9% 11.4% -

Scheme Allocation

By Holding
By Sector
By Asset
19.86%
16.15%
8.46%
4.25%
Others
42.26%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 19.86%
ICICI Bank Banks Equity 16.15%
St Bk of India Banks Equity 9.02%
Axis Bank Banks Equity 8.46%
Federal Bank Banks Equity 4.25%
CreditAcc. Gram. Finance Equity 3.69%
L&T Fin.Holdings Finance Equity 3.34%
Piramal Enterp. Finance Equity 3.09%
Bajaj Finance Finance Equity 2.49%
DCB Bank Banks Equity 2.48%
Five-Star Bus.Fi Finance Equity 2.42%
MAS FINANC SER Finance Equity 2.41%
Karur Vysya Bank Banks Equity 2.34%
CSB Bank Banks Equity 2.31%
360 ONE Finance Equity 2.07%
Cholaman.Inv.&Fn Finance Equity 2.02%
AAVAS Financiers Finance Equity 1.79%
Kotak Mah. Bank Banks Equity 1.74%
SBI Cards Finance Equity 1.65%
Chola Financial Finance Equity 1.5%
HDFC Life Insur. Insurance Equity 0.49%
Banks
66.61%
Finance
26.47%
Debt
4.14%
Cash & Others
2.29%
Insurance
0.49%
Equity
93.57%
Reverse Repos
4.14%
Net Curr Ass/Net Receivables
2.29%

Advance Ratio

0.19
Alpha
5.89
SD
0.93
Beta
0.32
Sharpe

Exit Load

Exit Load 12% of the unit alloted shall be redeemed without any exit load, on or before completion of 90 days from the date of allotment of units. 1% - on remaining units, if redeemed or switched out on or before completion of 90 days from the date of allotment of units. Nil - if redeemed or switched out after completion of 90 days from the date of allotment of units.

Fund Objective

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.

Fund Managers

Jaiprakash Toshniwal

Mr Jaiprakash Toshniwal, CFA, MS Finance, B.Com, joined LIC Mutual Fund as a Senior Equity Research Analyst in February 2021 and was promoted as Fund Manager and Senior Equity Analyst in September 2021. Before joining LIC MF, he served IndiaFirst Life Insurance Company Limited as Equity Research Analyst, Taurus Asset Management Company Ltd as Equity Analyst, and ULJK Securities as Research Analyst. His special interest are in the field of Portfolio Management, Equity Research, Financial Analysis, Investment Banking, and Financial Modelling.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

LIC Mutual Fund
AUM:
18,553 Cr
Address:
4th Floor, Industrial Insurance Buildg, Opp.Churchgate Station Mumbai 400 020.
Contact:
022-66016000
Email ID:
cs.co@licmf.com

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Frequently Asked Questions

How to invest in LIC MF Banking & Fina Serv Fund – Dir Growth ?

You can invest in LIC MF Banking & Fina Serv Fund – Dir Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for LIC MF Banking & Fina Serv Fund – Dir Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of LIC MF Banking & Fina Serv Fund – Dir Growth ?

The NAV of LIC MF Banking & Fina Serv Fund – Dir Growth is ₹18.7 as of 18 August 2023.

How to redeem LIC MF Banking & Fina Serv Fund – Dir Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of LIC MF Banking & Fina Serv Fund – Dir Growth?

The minimum SIP amount of LIC MF Banking & Fina Serv Fund – Dir Growth is ₹1000

What are the top sectors LIC MF Banking & Fina Serv Fund – Dir Growth has invested in?

The top sectors LIC MF Banking & Fina Serv Fund – Dir Growth has invested in are
  1. Banks - 66.61%
  2. Finance - 26.47%
  3. Debt - 4.14%
  4. Cash & Others - 2.29%
  5. Insurance - 0.49%

Can I make investments in both the SIP and Lump Sum schemes of LIC MF Banking & Fina Serv Fund – Dir Growth?

Yes, You can select both SIP or Lumpsum investment of LIC MF Banking & Fina Serv Fund – Dir Growth based on your investment objective and risk tolerance.

How much returns have LIC MF Banking & Fina Serv Fund – Dir Growth generated ?

The LIC MF Banking & Fina Serv Fund – Dir Growth has delivered 7.6% since inception

What is the expense ratio of LIC MF Banking & Fina Serv Fund – Dir Growth ?

The expense ratio of LIC MF Banking & Fina Serv Fund – Dir Growth is 1.54 % as of 18 August 2023.

What is the AUM of LIC MF Banking & Fina Serv Fund – Dir Growth?

The AUM of LIC MF Banking & Fina Serv Fund – Dir Growth is ₹18,553 Cr as of 18 August 2023

What are the top stock holdings of LIC MF Banking & Fina Serv Fund – Dir Growth?

The top stock holdings of LIC MF Banking & Fina Serv Fund – Dir Growth are
  1. HDFC Bank - 19.86%
  2. ICICI Bank - 16.15%
  3. St Bk of India - 9.02%
  4. Axis Bank - 8.46%
  5. Federal Bank - 4.25%

How can I redeem my investments in LIC MF Banking & Fina Serv Fund – Dir Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select LIC MF Banking & Fina Serv Fund – Dir Growth in Scheme, enter the redemption amount, and click on submit button.
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