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LIC MF Banking & PSU Fund (IDCW-W)

Banking and PSU Fund
Invest Now

  • NAV

    10.22(-0.09%)

  • Fund Size (CR)

    ₹1,851.9

  • Expense Ratio

    0.78

  • 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

    6.93%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: 0.18%
Annualized Return: 0% [object Object]

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 23 December 202410007.540.08%-0.12%96/166
1 Month29 November 202410041.380.41%-0.46%129/166
3 Month30 September 202410135.321.35%-1.42%114/166
6 Month28 June 202410387.063.87%-3.91%108/166
1 Year29 December 202310784.567.85%7.85%7.84%86/166
3 Year30 December 202111840.4618.40%5.79%6.08%103/156
5 Year30 December 201913170.7931.71%5.66%6.37%111/129
Since Inception31 May 200732514.60225.15%6.93%7.00%113/166

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 January 20241,30,000417482.55221.14% 221.14%
3 Year3 January 20223,70,0001193465.57222.56% 47.75%
5 Year1 January 20206,10,0001956043.76220.66% 26.24%
10 Year1 January 201512,10,0003883618.22220.96% 12.37%

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

0.30%

Standard Deviation

0.04%

Beta

-1.15%

Sharpe Ratio

1.31%

Treynor's Ratio

-1.39%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
E X I M Bank4.27%750080.18Corporate DebtsDebt Others
S I D B I4.07%750076.25Corporate DebtsDebt Others
N A B A R D4.07%750076.25Corporate DebtsDebt Others
NLC India3.43%60064.27Corporate DebtsDebt Others
S I D B I3.24%60060.81Corporate DebtsDebt Others
Power Grid Corpn2.86%50053.62Corporate DebtsDebt Others
Bajaj Finance2.84%50053.31Corporate DebtsDebt Others
I R F C2.81%500052.77Corporate DebtsDebt Others
Natl. Hous. Bank2.79%500052.31Corporate DebtsDebt Others
Natl. Hous. Bank2.76%500051.69Corporate DebtsDebt Others

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
TRUSTMF Banking & PSU Fund - Dir (IDCW-D) RI
190.340.61%2.02%5.16%10.30%8.28%
DSP Banking & Psu Debt Fund - Direct (IDCW-D)
3075.620.57%1.19%4.22%8.95%6.39%
DSP Banking & Psu Debt Fund - Direct (G)
3075.620.57%1.22%4.27%8.89%6.42%
DSP Banking & Psu Debt Fund - Direct (IDCW-Q)
3075.620.57%1.22%4.27%8.84%6.40%
Edelweiss Banking & Psu Debt Fund-Dir (IDCW-F)
270.970.35%0.89%3.69%8.77%5.56%

News

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

    LIC Mutual Fund has announced 24 December 2024 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 26 November 2024 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 24 October 2024 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

28 May 2007

Total AUM (Cr)

₹1875.72

LIC MF Banking & PSU Fund (IDCW-W) is an Banking and PSU Fund-oriented fund from the renowned AMC, LIC Mutual Fund. Launched in 28 May 2007, this fund is managed by Marzban Irani. With assets under management (AUM) worth ₹1,875.72 (Cr), as of 1 January 2025, LIC MF Banking & PSU Fund (IDCW-W) is categorized as a Banking and PSU Fund within its segment. The fund has generated a return of 6.93% since its launch.
The current NAV of LIC MF Banking & PSU Fund (IDCW-W) is ₹10.22, as on 1 January 2025. The fund's benchmark index is Nifty Banking & PSU Debt Index A-II. You can invest in LIC MF Banking & PSU Fund (IDCW-W) 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 5.79% and 5.66% 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 99.88% in Debt and 0.15% in cash and cash equivalents.

FAQs

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

LIC MF Banking & PSU Fund (IDCW-W) is a popular fund in the Banking and PSU Fund segment. The fund has generated a return of 6.93% since inception. Looking to invest in LIC MF Banking & PSU Fund (IDCW-W) How about earning 1% extra return? All this is possible with m.Stock! Investing in LIC MF Banking & PSU Fund (IDCW-W) 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 across products for life.
  • 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 (IDCW-W)
  • 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: Enter amount, select payment 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, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

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

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

In the short term, i.e., 1 year, LIC MF Banking & PSU Fund (IDCW-W) has generated annualised return of 7.85%. In the long-term, the fund has generated 5.79% and 5.66% in 3 and 5 years respectively. Since its inception, the fund has generated 6.93% returns.

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

The expense ratio of LIC MF Banking & PSU Fund (IDCW-W) Direct Growth is 0.78%. 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 (IDCW-W) Fund Direct Growth?

The Assets Under Management (AUM) of LIC MF Banking & PSU Fund (IDCW-W) is ₹1,875.72 (Cr) as of 2025-01-01 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 (IDCW-W) Direct Growth?

Redeeming or selling units of LIC MF Banking & PSU Fund (IDCW-W) 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 (IDCW-W):
  • 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 (IDCW-W)).
  • 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.