JT
Jaiprakash ToshniwalFund Manager Since 6 Sept 2021
EquitySector - Financial Services
LIC MF Banking & Financial Services Fund Direct Growth
3Y Annualised
14.88%
-1.19% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
0.42%
-1.19% 1D
Benchmark
SBI Nifty 10 yr Benchmark G-Sec ETF
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
This Fund
4 years 12 months
NIFTY 50
5 years 4 months
FD
9 years 7 months
Fund info
Fund size
₹278.17 Cr
Min. SIP amount
₹1000
Min. Lumpsum amount
₹5000
Exit load
0.01%
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.
Risk Profile
Very High Risk
Peer Comparison
This Fund's Performance Compared With Peers
Over the Period of oneMonth
Fund Managers
About LIC MF Banking & Financial Services Fund Direct Growth
LIC MF Banking & Financial Services Fund Direct Growth is a Equity mutual fund scheme from LIC Mutual Fund Asset Management Limited. This fund has been in existence for 10 years, having been launched on 2015-03-27. LIC MF Banking & Financial Services Fund Direct Growth has ₹278.17 Cr worth of assets under management (AUM) as of Tue Mar 03 2026. The latest Net Asset Value (NAV) of LIC MF Banking & Financial Services Fund Direct Growth as of Mon Mar 02 2026 is ₹24.7924. The fund has an expense ratio of 1.2%, which is medium comparable to most other Equity funds.
LIC MF Banking & Financial Services Fund Direct Growth returns for the last 1 year are 25.23%. Since launch, it has delivered 8.66% average annual returns.
The LIC MF Banking & Financial Services Fund Direct Growth has the majority of its money invested in Financial Services sectors.
Top 5 Holdings of LIC MF Banking & Financial Services Fund Direct Growth.
- HDFC Bank Ltd: 17.70%
- ICICI Bank Ltd: 12.37%
- Axis Bank Ltd: 8.34%
- Kotak Mahindra Bank Ltd: 6.41%
- State Bank of India: 5.40%
AMC Information
| Name | LIC Mutual Fund Asset Management Limited |
|---|---|
| Founding Date | 2015-03-27 |
| cs.co@licmf.com | |
| Phone | +91 022-66016000 |
| Website | www.licmf.com |
| Address | LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station, |
Tax Implications of LIC MF Banking & Financial Services Fund Direct Growth
| Short Term Gains | 20% + applicable Surcharge + 4% Cess |
|---|---|
| Long Term Gains | 12.5% without indexation + applicable Surcharge + 4% Cess |
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Calculate Your Returns
Estimated Returns in 3 Years (Based on past 3Y returns)
₹0
Total Amount
₹0
