LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk
Equity
Sector - Financial Services

NAV as on May 5, 2025

Price per unit of the scheme.

₹ 22.42340.19%1 Day Change

5.95%

Minimum Investment₹5000

Expense Ratio1.54%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.

Scheme Rating

*Morningstar Rating Methodology i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

1M 3M 6M 1Y 3Y 5Y

This Fund

LIC MF Banking & Financial Services Fund Direct Growth

Equity: Sector - Financial Services Average NAV

Topper in Equity: Sector - Financial Services

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

LIC MF Banking & Financial Services Fund Direct Growth

Investment Type

Monthly Investment

Time Period (yrs)

Annual Return in %

Invested Amount
₹0
Return
₹0

Current Value
₹0

FUND SUMMARY

Benchmark

IISL Nifty Financial Services TR INR

Expense Ratio

1.54%

Category Avg Expense Ratio

0.91%

Minimum Investment (Lumpsum/SIP)

₹ 5000 /₹ 1000

Lock In (Years)

No Lock-in

Fund Size

₹ 253.87 Cr(As on Mar, 2025)

Inception Date

Mar 27, 2015

Turnover

58.00 %

Exit Load

1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units. Ÿ Nil, if redeemed or switched out after completion of 90 days from the date of allotment of units.

ABOUT THE FUND

Objective: The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.

LIC MF Banking & Financial Services Fund Direct Growth is an Equity - Sector - Financial Services fund. The fund was launched inMar 27, 2015. Its risk level is . The NAV of the fund as onMay 05, 2025 is ₹22.42. Its expense ratio is 1.54 %. The fund has an AUM of ₹253.87 Cr.The fund is managed byJaiprakash Toshniwal.
The minimum initial investment is ₹5000 in Lumpsum mode.

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FUND MANAGER

Jaiprakash Toshniwal

Lead Fund Manager.

Sep 6, 2021 - Present

Fund Manager Rank14Out of 14
i
Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
Schemes managed11
Total AUM₹ 4,888.26 Cr
Highest Return In 1 Yr11.43 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

LIC MF Balanced Advantage Fund Direct Growth

₹ 14.18

4.05%

2.21%

Very High Risk

₹756.75Cr

LIC MF Banking & Financial Services Fund Direct Growth

₹ 22.42

5.95%

5.93%

Very High Risk

₹253.87Cr

LIC MF Arbitrage Direct Plan Growth

₹ 14.30

0.50%

0.63%

Low Risk

₹329.15Cr

LIC MF Balanced Advantage Fund Direct Growth

Very High Risk--

NAV₹ 14.18
Fund Size₹756.75Cr

Fund Return4.05%

Category Return2.21%

LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

NAV₹ 22.42
Fund Size₹253.87Cr

Fund Return5.95%

Category Return5.93%

LIC MF Arbitrage Direct Plan Growth

Low Risk--

NAV₹ 14.30
Fund Size₹329.15Cr

Fund Return0.50%

Category Return0.63%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Mar, 2025

EQUITY (94.52%)

DEBT (-%)

CASH (5.48%)

Allocation by Market Cap

Large Cap(59.00%)

Mid Cap(9.77%)

Small Cap(25.75%)

Industry Holdings

Banks Regional63.05%
Credit Services23.00%
Asset Management2.92%
Specialty Finance2.11%
Financial Exchanges1.85%
Information Technology Services1.75%

Stock Holdings

HDFC Bank Ltd20.55%
ICICI Bank Ltd12.85%
Axis Bank Ltd6.68%
State Bank of India5.91%
Kotak Mahindra Bank Ltd5.67%
MAS Financial Services Ltd Ordinary Shares3.80%

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.

Consistency
i
It represents the consistency of a fund in beating its benchmark.
Downside Risk
i
Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
Risk Adjusted Return
i
Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
Volatility
i
Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
Upside Capture Ratio
i
Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
Downside Capture Ratio
i
Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.

Alpha: Excess return of the fund over benchmark
i
Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
1.90
This Fund
VS
3.81
Category Avg
R-Squared: How well the fund tracks benchmark
i
R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
87.19
This Fund
VS
87.76
Category Avg

Beta: Risk of the fund in relation to benchmark
i
Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
0.96
This Fund
VS
0.96
Category Avg
Sharpe Ratio: Risk adjusted return of the fund
i
Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
0.64
This Fund
VS
0.74
Category Avg

Sortino Ratio: Return per unit of bad risk
i
A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
1.29
This Fund
VS
1.45
Category Avg
Standard Devation: Volatility of the fund
i
Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
15.42
This Fund
VS
15.78
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

LIC Mutual Fund Asset Management Limited

LIC Mutual Fund Asset Management Limited manages assets worth ₹ 35,551.15 crores. It’s current offering of mutual fund schemes includes 10 equity, 7 debt and 6 hybrid schemes.

Phone

+91 022-66016000

cs.co@licmf.com

AUM

₹ 35,551.15 Cr (

As on Mar 31, 2025

)

Address

4th Floor, Industrial Assurance Building, Mumbai,400 020

FAQ's

What is the category of LIC MF Banking & Financial Services Fund Direct Growth ?

The category of LIC MF Banking & Financial Services Fund Direct Growth is Equity - Sector - Financial Services

What is the current NAV of LIC MF Banking & Financial Services Fund Direct Growth ?

The current NAV of LIC MF Banking & Financial Services Fund Direct Growth as on May 05, 2025 is ₹22.42

How safe is LIC MF Banking & Financial Services Fund Direct Growth ?

The risk level of LIC MF Banking & Financial Services Fund Direct Growth is Very High.

What are short term returns given by LIC MF Banking & Financial Services Fund Direct Growth ?

The return given by LIC MF Banking & Financial Services Fund Direct Growth in 1 month is 5.95%, 3 months is 6.74%, 6 months is 2.01%, and 1 year is 5.83%

What are the long term returns given by LIC MF Banking & Financial Services Fund Direct Growth ?

The return given by LIC MF Banking & Financial Services Fund Direct Growth in 3 years is 17.63% and 5 years is 21.54%.

What is the expense ratio of LIC MF Banking & Financial Services Fund Direct Growth ?

The expense ratio of LIC MF Banking & Financial Services Fund Direct Growth is 1.54%

What is the AUM of LIC MF Banking & Financial Services Fund Direct Growth ?

The assets under Management (AUM) of LIC MF Banking & Financial Services Fund Direct Growth is Rs 253.87 crores.

What is the minimum investment in LIC MF Banking & Financial Services Fund Direct Growth ?

The minimum Lumpsum investment in LIC MF Banking & Financial Services Fund Direct Growth is ₹5,000.00 and the minimum SIP investment in LIC MF Banking & Financial Services Fund Direct Growth is ₹1,000.00

What is the asset allocation of LIC MF Banking & Financial Services Fund Direct Growth?

LIC MF Banking & Financial Services Fund Direct Growth has an exposure of 94.52% in Equity and 5.48% in Cash & Money Market Securities