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LIC MF Banking & PSU Fund - Direct (G)

Banking and PSU Fund
Invest Now

  • NAV

    37.11(0.14%)

  • Fund Size (CR)

    ₹1,701.81

  • Expense Ratio

    0.28

  • Scheme Type

    Active Fund

  • Value Research

  • Min. investment

    ₹5,000

  • Minimum Additional Investment

    ₹500

  • Minimum SIP Investment

    ₹100

  • Minimum Withdrawal

    ₹500

  • Exit Load Nil

    0%

  • Return Since Launch

    7.54%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: 3.42%
Annualized Return: 0% Absolute Return: Total return generated by your investment irrespective of the time frame.

Annualised return: Return generated by your investment every year.
Created with Highcharts 11.4.8NAVNAV Date: 17 January 2025 to 17 April 202520-01-202527-01-202503-02-202510-02-202517-02-202524-02-202503-03-202510-03-202517-03-202524-03-202531-03-202507-04-202514-04-20250510152025303540

Basic Details

Scheme Manager

Marzban Irani

Bench Mark

Nifty Banking & PSU Debt Index A-II

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 9 April 202510038.490.38%-0.30%18/166
1 Month13 March 202510232.202.32%-1.92%11/166
3 Month16 January 202510333.023.33%-2.91%1/166
6 Month16 October 202410474.784.75%-4.30%14/166
1 Year16 April 202410968.229.68%9.68%8.94%22/166
3 Year13 April 202212354.3323.54%7.27%7.06%44/156
5 Year16 April 202013805.1738.05%6.66%6.66%76/129
Since Inception1 January 201324437.15144.37%7.54%7.17%81/166

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year2 May 20241,20,000126382.875.32% 5.32%
3 Year2 May 20223,60,000408590.0313.50% 4.31%
5 Year4 May 20206,00,000716279.1219.38% 3.61%
10 Year5 May 201512,00,0001734919.2644.58% 3.76%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.33%

Standard Deviation

0.04%

Beta

0.48%

Sharpe Ratio

1.13%

Treynor's Ratio

0.37%

Jension's Alpha

Asset Allocation

Created with Highcharts 11.4.8Percentage (%)DebtCash & Others020406080100120

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
There's no data available of Stock Holdings

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
LIC MF Banking & PSU Fund - Direct (G)
1701.812.32%3.33%4.75%9.68%7.27%
TRUSTMF Banking & PSU Fund - Dir (IDCW-D) RI
131.361.85%3.16%5.18%11.02%9.18%
Edelweiss Banking & Psu Debt Fund-Dir (G)
263.162.30%3.25%4.50%9.92%7.55%
Edelweiss Banking & Psu Debt Fund-Dir (IDCW)
263.162.30%3.25%4.50%9.91%7.55%
DSP Banking & Psu Debt Fund - Direct (G)
3408.702.39%3.29%4.42%9.90%7.42%
Edelweiss Banking & Psu Debt Fund-Dir (IDCW-M)
263.162.30%3.25%4.50%9.90%7.54%

List of Schemes under LIC Mutual Fund

Fund NameCategoryRisk1Y ReturnsRatingsFund Size (Cr)
LIC MF Multi Asset Allocation FundHybridVery High0%0₹499.80
LIC MF Manufacturing FundEquityVery High0%0₹768.32
LIC MF Multi Cap FundEquityVery High14.88%0₹1,383.23
LIC MF Money Market FundDebtModerately Low6.66%1₹152.25
LIC MF Balanced Advantage FundHybridVery High10.83%3₹756.75
LIC MF Ultra Short Term FundDebtLow7.78%2₹306.80
LIC MF Overnight FundDebtModerately Low6.62%3₹410.31
LIC MF Healthcare FundEquityVery High19.31%2₹82.69
LIC MF Short Duration FundDebtModerate9.74%3₹110.64
LIC MF Arbitrage FundHybridLow7.56%2₹329.15
LIC MF Dividend Yield FundEquityVery High12.48%0₹490.38
LIC MF Long Term Value FundEquityVery High5.85%1₹148.90
LIC MF Focused FundEquityVery High7.26%0₹127.19
LIC MF Small Cap FundEquityVery High10.9%3₹493.73
LIC MF Midcap FundEquityVery High10.63%2₹301.59
LIC MF Banking & Fina Serv FundEquityVery High7.09%1₹253.87
LIC MF Large & Mid Cap FundEquityVery High13.85%3₹2,859.42
LIC MF Children's FundSolution OrientedVery High5.28%2₹14.85
LIC MF Conservative Hybrid FundHybridModerately High8.9%1₹50.24
LIC MF Gold FundOtherHigh27.48%5₹103.66
LIC MF Nifty Next 50 Index FundOtherVery High3.07%3₹91.22
LIC MF Equity Savings FundHybridModerately High9.19%2₹19.12
LIC MF BSE Sensex Index FundOtherVery High6.39%1₹84.12
LIC MF ELSS Tax SaverEquityVery High16%2₹1,088.39
LIC MF Low Duration FundDebtModerately Low8.23%4₹1,449.53
LIC MF Liquid FundDebtModerately Low7.35%3₹9,366.68
LIC MF Infrastructure FundEquityVery High11.81%4₹873.86
LIC MF Nifty 50 Index FundOtherVery High6.81%2₹315.65
LIC MF Banking & PSU FundDebtModerate9.68%3₹1,701.81
LIC MF Gilt FundDebtModerately Low11.14%2₹86.83
LIC MF Large Cap FundEquityVery High9.96%1₹1,379.07
LIC MF Flexi Cap FundEquityVery High2.94%3₹919.64
LIC MF Medium to Long Duration FundDebtModerate11.8%3₹190.83
LIC MF Equity Hybrid FundHybridVery High8.01%2₹497.21

News

  • LIC Mutual Fund announces Income Distribution cum Capital Withdrawal (IDCW) under its schemes

    LIC Mutual Fund has announced 25 March 2025 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

    LIC MF Aggressive Hybrid Fund ' Regular Plan - IDCW Option: 0.10

    LIC MF Conservative Hybrid Fund ' Regular Plan ' Yearly IDCW Option & Direct Plan - Yearly IDCW Option: 0.72 each.

    LIC MF Balanced Advantage Fund ' Regular Plan ' IDCW Option & Direct Plan - IDCW Option: 0.50 each.

    Powered by Capital Market - Live News

  • LIC Mutual Fund announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme

    LIC Mutual Fund has announced 25 February 2025 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

    LIC MF Aggressive Hybrid Fund ' Regular Plan - IDCW Option: 0.10

    Powered by Capital Market - Live News

  • LIC Mutual Fund announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme

    LIC Mutual Fund has announced 27 January 2025 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

    LIC MF Aggressive Hybrid Fund ' Regular Plan - IDCW Option: 0.10

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹1701.81

LIC MF Banking & PSU Fund - Direct (G) is an Banking and PSU Fund-oriented fund from the renowned AMC, LIC Mutual Fund. Launched in 1 January 2013, this fund is managed by Marzban Irani. With assets under management (AUM) worth ₹1,701.81 (Cr), as of 17 April 2025, LIC MF Banking & PSU Fund - Direct (G) is categorized as a Banking and PSU Fund within its segment. The fund has generated a return of 7.54% since its launch.
The current NAV of LIC MF Banking & PSU Fund - Direct (G) is ₹37.11, as on 17 April 2025. The fund's benchmark index is Nifty Banking & PSU Debt Index A-II. You can invest in LIC MF Banking & PSU Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 7.27% and 6.66% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 99.95% in Debt and 0.07% in cash and cash equivalents.

FAQs

How to Invest in LIC MF Banking & PSU Fund - Direct (G) Direct Growth?

LIC MF Banking & PSU Fund - Direct (G) is a popular fund in the Banking and PSU Fund segment. The fund has generated a return of 7.54% since inception. Looking to invest in LIC MF Banking & PSU Fund - Direct (G) How about earning 1% extra return? All this is possible with m.Stock! Investing in LIC MF Banking & PSU Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, LIC MF Banking & PSU Fund - Direct (G)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in LIC MF Banking & PSU Fund - Direct (G) today and reap the benefits of this Banking and PSU Fund fund!

How much returns has LIC MF Banking & PSU Fund - Direct (G) Direct Growth generated?

In the short term, i.e., 1 year, LIC MF Banking & PSU Fund - Direct (G) has generated annualised return of 9.68%. In the long-term, the fund has generated 7.27% and 6.66% in 3 and 5 years respectively. Since its inception, the fund has generated 7.54% returns.

What is the expense ratio of LIC MF Banking & PSU Fund - Direct (G) Direct Growth?

The expense ratio of LIC MF Banking & PSU Fund - Direct (G) Direct Growth is 0.28%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of LIC MF Banking & PSU Fund - Direct (G) Fund Direct Growth?

The Assets Under Management (AUM) of LIC MF Banking & PSU Fund - Direct (G) is ₹1,701.81 (Cr) as of 2025-04-17 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from LIC MF Banking & PSU Fund - Direct (G) Direct Growth?

Redeeming or selling units of LIC MF Banking & PSU Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from LIC MF Banking & PSU Fund - Direct (G):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case LIC MF Banking & PSU Fund - Direct (G)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.