LIC MF Banking & Financial Services Fund Direct Growth

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LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk
Equity
Sector - Financial Services

NAV as on Feb 27, 2025

Price per unit of the scheme.

₹ 20.0172 0.71% 1 Day Change

0.96%

Minimum Investment ₹5000

Expense Ratio 1.54%

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 --)

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

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

-- Out of -- funds in the category

Category Avg Return
--

Fund Return

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

SBI Banking & Financial Services Direct Growth

All Fund

*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 SIP ONE -TIME

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

0.92%

Minimum Investment (Lumpsum/SIP)

₹5000/₹1000

Lock In (Years)

No Lock-in

Fund Size

₹ 246.53 Cr(As on Jan, 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 in Mar 27, 2015. Its risk level is Very High. The NAV of the fund as on Feb 27, 2025 is ₹20.02. Its expense ratio is 1.54 %. The fund has an AUM of ₹246.53 Cr.The fund is managed by Jaiprakash 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 Rank 14 Out 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 managed 11
Total AUM ₹ 4,563.22 Cr
Highest Return In 1 Yr 7.56 %

Other Funds

table
card

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

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

LIC MF Balanced Advantage Fund Direct Growth

₹13.31

-1.90%

-2.46%

Very High Risk

₹769.41Cr

LIC MF Banking & Financial Services Fund Direct Growth

₹20.02

0.96%

0.70%

Very High Risk

₹246.53Cr

LIC MF Arbitrage Direct Plan Growth

₹14.10

0.59%

0.22%

Low Risk

₹353.27Cr

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

LIC MF Balanced Advantage Fund Direct Growth

₹13.31

-5.00%

-5.41%

Very High Risk

₹769.41Cr

LIC MF Banking & Financial Services Fund Direct Growth

₹20.02

-9.34%

-7.59%

Very High Risk

₹246.53Cr

LIC MF Arbitrage Direct Plan Growth

₹14.10

1.81%

1.38%

Low Risk

₹353.27Cr

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

LIC MF Balanced Advantage Fund Direct Growth

₹13.31

-4.01%

-6.73%

Very High Risk

₹769.41Cr

LIC MF Banking & Financial Services Fund Direct Growth

₹20.02

-9.66%

-6.61%

Very High Risk

₹246.53Cr

LIC MF Arbitrage Direct Plan Growth

₹14.10

3.64%

2.91%

Low Risk

₹353.27Cr

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

LIC MF Balanced Advantage Fund Direct Growth

₹13.31

7.10%

3.14%

Very High Risk

₹769.41Cr

LIC MF Banking & Financial Services Fund Direct Growth

₹20.02

-1.82%

1.99%

Very High Risk

₹246.53Cr

LIC MF Arbitrage Direct Plan Growth

₹14.10

7.56%

6.75%

Low Risk

₹353.27Cr

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

LIC MF Balanced Advantage Fund Direct Growth

₹13.31

10.39%

10.86%

Very High Risk

₹769.41Cr

LIC MF Banking & Financial Services Fund Direct Growth

₹20.02

12.29%

13.85%

Very High Risk

₹246.53Cr

LIC MF Arbitrage Direct Plan Growth

₹14.10

6.79%

6.24%

Low Risk

₹353.27Cr

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

LIC MF Balanced Advantage Fund Direct Growth

₹13.31

11.31%

Very High Risk

₹769.41Cr

LIC MF Banking & Financial Services Fund Direct Growth

₹20.02

10.11%

12.04%

Very High Risk

₹246.53Cr

LIC MF Arbitrage Direct Plan Growth

₹14.10

5.70%

5.27%

Low Risk

₹353.27Cr

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

LIC MF Balanced Advantage Fund Direct Growth

Very High Risk --

NAV ₹13.31
Fund Size ₹769.41Cr

Fund Return -1.90%

Category Return -2.46%

LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

NAV ₹20.02
Fund Size ₹246.53Cr

Fund Return 0.96%

Category Return 0.70%

LIC MF Arbitrage Direct Plan Growth

Low Risk --

NAV ₹14.10
Fund Size ₹353.27Cr

Fund Return 0.59%

Category Return 0.22%

LIC MF Balanced Advantage Fund Direct Growth

Very High Risk --

NAV ₹13.31
Fund Size ₹769.41Cr

Fund Return -5.00%

Category Return -5.41%

LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

NAV ₹20.02
Fund Size ₹246.53Cr

Fund Return -9.34%

Category Return -7.59%

LIC MF Arbitrage Direct Plan Growth

Low Risk --

NAV ₹14.10
Fund Size ₹353.27Cr

Fund Return 1.81%

Category Return 1.38%

LIC MF Balanced Advantage Fund Direct Growth

Very High Risk --

NAV ₹13.31
Fund Size ₹769.41Cr

Fund Return -4.01%

Category Return -6.73%

LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

NAV ₹20.02
Fund Size ₹246.53Cr

Fund Return -9.66%

Category Return -6.61%

LIC MF Arbitrage Direct Plan Growth

Low Risk --

NAV ₹14.10
Fund Size ₹353.27Cr

Fund Return 3.64%

Category Return 2.91%

LIC MF Balanced Advantage Fund Direct Growth

Very High Risk --

NAV ₹13.31
Fund Size ₹769.41Cr

Fund Return 7.10%

Category Return 3.14%

LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

NAV ₹20.02
Fund Size ₹246.53Cr

Fund Return -1.82%

Category Return 1.99%

LIC MF Arbitrage Direct Plan Growth

Low Risk --

NAV ₹14.10
Fund Size ₹353.27Cr

Fund Return 7.56%

Category Return 6.75%

LIC MF Balanced Advantage Fund Direct Growth

Very High Risk --

NAV ₹13.31
Fund Size ₹769.41Cr

Fund Return 10.39%

Category Return 10.86%

LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

NAV ₹20.02
Fund Size ₹246.53Cr

Fund Return 12.29%

Category Return 13.85%

LIC MF Arbitrage Direct Plan Growth

Low Risk --

NAV ₹14.10
Fund Size ₹353.27Cr

Fund Return 6.79%

Category Return 6.24%

LIC MF Balanced Advantage Fund Direct Growth

Very High Risk --

NAV ₹13.31
Fund Size ₹769.41Cr

Fund Return --

Category Return 11.31%

LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

NAV ₹20.02
Fund Size ₹246.53Cr

Fund Return 10.11%

Category Return 12.04%

LIC MF Arbitrage Direct Plan Growth

Low Risk --

NAV ₹14.10
Fund Size ₹353.27Cr

Fund Return 5.70%

Category Return 5.27%

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

DETAILED PORTFOLIO

As on Jan 2025

EQUITY (99.16%)

DEBT (0.00%)

CASH (0.84%)

Allocation by Market Cap

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.

2.14

This Fund

VS

3.77

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.

0.98

This Fund

VS

0.98

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.

0.66

This Fund

VS

0.79

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.

86.64

This Fund

VS

87.51

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.

0.35

This Fund

VS

0.43

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.

15.23

This Fund

VS

15.47

Category Avg

Benchmark used in calculation : BSE BANKEX INR

PEER ANALYSIS

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

table
card

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

ITI Banking and Financial Services Fund Direct Growth

₹13.89

2.59%

0.70%

Very High Risk

₹265.94 Cr

Nippon India Banking & Financial Services Fund Direct Plan - Growth

₹595.39

2.57%

0.70%

Very High Risk

₹6,225.84 Cr

UTI Banking and Financial Services Fund-Direct Growth Option

₹185.66

2.43%

0.70%

Very High Risk

₹1,127.80 Cr

Sundaram Financial Services Opportunities Fund Direct Plan Growth Option

₹101.59

1.95%

0.70%

Very High Risk

₹1,385.95 Cr

Aditya Birla Sun Life Banking & Financial Services Direct Growth

₹58.48

1.88%

0.70%

Very High Risk

₹3,101.32 Cr

ICICI Prudential Banking and Financial Services Fund Direct Plan Growth

₹131.05

1.68%

0.70%

Very High Risk

₹9,045.56 Cr

ITI Banking and Financial Services Fund Direct Growth

VERY HIGH RISK --

NAV ₹13.89
Fund Size ₹265.94 Cr

Fund Return 2.59%

Category Return -0.70%

Nippon India Banking & Financial Services Fund Direct Plan - Growth

VERY HIGH RISK

NAV ₹595.39
Fund Size ₹6,225.84 Cr

Fund Return 2.57%

Category Return -0.70%

UTI Banking and Financial Services Fund-Direct Growth Option

VERY HIGH RISK

NAV ₹185.66
Fund Size ₹1,127.80 Cr

Fund Return 2.43%

Category Return -0.70%

Sundaram Financial Services Opportunities Fund Direct Plan Growth Option

VERY HIGH RISK

NAV ₹101.59
Fund Size ₹1,385.95 Cr

Fund Return 1.95%

Category Return -0.70%

Aditya Birla Sun Life Banking & Financial Services Direct Growth

VERY HIGH RISK

NAV ₹58.48
Fund Size ₹3,101.32 Cr

Fund Return 1.88%

Category Return -0.70%

ICICI Prudential Banking and Financial Services Fund Direct Plan Growth

VERY HIGH RISK

NAV ₹131.05
Fund Size ₹9,045.56 Cr

Fund Return 1.68%

Category Return -0.70%

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

Top funds from this amc

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

table
card

Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

LIC MF Banking & Financial Services Fund Direct Growth

₹20.02

0.96%

0.70%

Very High Risk

₹246.53 Cr

LIC MF Ultra Short Term Fund Direct Growth

₹1,314.79

0.65%

0.52%

Low Risk

₹361.35 Cr

LIC MF Savings Fund Direct Plan Growth Option

₹41.63

0.64%

0.48%

Low to Moderate Risk

₹1,744.95 Cr

LIC MF Liquid Fund-Direct Plan-Growth Option

₹4,676.69

0.60%

0.45%

Low to Moderate Risk

₹12,286.53 Cr

LIC MF Short Term Debt Fund Direct Growth

₹15.02

0.59%

0.55%

Low to Moderate Risk

₹120.93 Cr

LIC MF Arbitrage Direct Plan Growth

₹14.10

0.59%

0.22%

Low Risk

₹353.27 Cr

LIC MF Banking & Financial Services Fund Direct Growth

VERY HIGH RISK

NAV ₹20.02
Fund Size ₹246.53 Cr

Fund Return 0.96%

Category Return 0.70%

LIC MF Ultra Short Term Fund Direct Growth

LOW RISK

NAV ₹1,314.79
Fund Size ₹361.35 Cr

Fund Return 0.65%

Category Return 0.52%

LIC MF Savings Fund Direct Plan Growth Option

LOW TO MODERATE RISK

NAV ₹41.63
Fund Size ₹1,744.95 Cr

Fund Return 0.64%

Category Return 0.48%

LIC MF Liquid Fund-Direct Plan-Growth Option

LOW TO MODERATE RISK --

NAV ₹4,676.69
Fund Size ₹12,286.53 Cr

Fund Return 0.60%

Category Return 0.45%

LIC MF Short Term Debt Fund Direct Growth

LOW TO MODERATE RISK

NAV ₹15.02
Fund Size ₹120.93 Cr

Fund Return 0.59%

Category Return 0.55%

LIC MF Arbitrage Direct Plan Growth

LOW RISK --

NAV ₹14.10
Fund Size ₹353.27 Cr

Fund Return 0.59%

Category Return 0.22%

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 ₹ 35,120.20 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

₹ 35,120.20 Cr (

As on Jan 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 Feb 27, 2025) is ₹ 20.02

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 0.96%, 3 months is -9.34%, 6 months is -9.66%, and 1 year is -1.82%.

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 12.29% and 5 years is 10.11%.

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 246.53 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 ₹5000 and the minimum SIP investment in LIC MF Banking & Financial Services Fund Direct Growth is ₹1000

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

The LIC MF Banking & Financial Services Fund Direct Growth has an exposure of 99.16% in Equity, and 0.84% in Cash & Money Market Securities

COMPANIES

INDICES ANALYSIS

AMCs

MUTUAL FUNDS

NEWS

LIC MF Banking & Financial Services Fund Direct Growth

FUND RATING

RISK-O-METER

FUND PERFORMANCE

FUND COMPARISON

RETURN CALCULATOR

FUND SUMMARY

ABOUT THE FUND

FUND MANAGER

DETAILED PORTFOLIO

PERFORMANCE MEASURES

HISTORICAL RISK MEASURES

PEER ANALYSIS

Top funds from this amc

ABOUT THE AMC

FAQ’S

CALCULATORS

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