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LIC MF Banking & Financial Services Fund Direct Growth

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LIC MF Banking & Financial Services Fund Direct Growth

LIC MF Banking & Financial Services Fund Direct Growth

  • Very High Risk
  • Equity
  • Sector - Financial Services
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NAV as on Mar 31, 2025
i
Price per unit of the scheme.
₹ 21.1810 -0.01% 1 Day Change
6.99%
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.
4
Scheme Rating
*Morningstar Rating Methodologyi

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

This Fund
LIC MF Banking & Financial Services Fund Direct Growth
VS
Equity: Sector - Financial Services Average NAV
Topper in Equity: Sector - Financial Services
All Fund
*For the other fund, rescaled NAVs are used
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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
₹ 233.85 Cr(As on Feb, 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 Mar 31, 2025 is ₹21.18. Its expense ratio is 1.54 %. The fund has an AUM of ₹233.85 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
i
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 ₹ 4,186.98 Cr
  • Highest Return In 1 Yr 11.10 %
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 LIC MF Balanced Advantage Fund Direct Growth
--
₹13.91
5.99%
3.63%
Very High Risk
₹719.51Cr
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
₹21.18
6.99%
7.24%
Very High Risk
₹233.85Cr
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
--
₹14.20
0.64%
0.50%
Low Risk
₹349.48Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
--
₹13.91
-1.08%
-3.24%
Very High Risk
₹719.51Cr
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
₹21.18
-1.97%
0.53%
Very High Risk
₹233.85Cr
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
--
₹14.20
1.86%
1.48%
Low Risk
₹349.48Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
--
₹13.91
-1.47%
-6.80%
Very High Risk
₹719.51Cr
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
₹21.18
-8.27%
-5.81%
Very High Risk
₹233.85Cr
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
--
₹14.20
3.80%
3.21%
Low Risk
₹349.48Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
₹13.91
11.10%
5.25%
Very High Risk
₹719.51Cr
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
₹21.18
6.50%
8.69%
Very High Risk
₹233.85Cr
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
₹14.20
7.61%
6.80%
Low Risk
₹349.48Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
--
₹13.91
11.67%
11.03%
Very High Risk
₹719.51Cr
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
₹21.18
14.84%
16.59%
Very High Risk
₹233.85Cr
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
--
₹14.20
6.99%
6.48%
Low Risk
₹349.48Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
--
₹13.91
--
15.55%
Very High Risk
₹719.51Cr
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
₹21.18
20.00%
23.57%
Very High Risk
₹233.85Cr
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
--
₹14.20
5.71%
5.34%
Low Risk
₹349.48Cr
1M 3M 6M 1Y 3Y 5Y
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
Very High Risk --
  • NAV ₹13.91
  • Fund Size ₹719.51Cr
Fund Return 5.99%
Category Return 3.63%
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
Very High Risk
  • NAV ₹21.18
  • Fund Size ₹233.85Cr
Fund Return 6.99%
Category Return 7.24%
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
Low Risk --
  • NAV ₹14.20
  • Fund Size ₹349.48Cr
Fund Return 0.64%
Category Return 0.50%
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
Very High Risk --
  • NAV ₹13.91
  • Fund Size ₹719.51Cr
Fund Return -1.08%
Category Return -3.24%
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
Very High Risk
  • NAV ₹21.18
  • Fund Size ₹233.85Cr
Fund Return -1.97%
Category Return 0.53%
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
Low Risk --
  • NAV ₹14.20
  • Fund Size ₹349.48Cr
Fund Return 1.86%
Category Return 1.48%
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
Very High Risk --
  • NAV ₹13.91
  • Fund Size ₹719.51Cr
Fund Return -1.47%
Category Return -6.80%
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
Very High Risk
  • NAV ₹21.18
  • Fund Size ₹233.85Cr
Fund Return -8.27%
Category Return -5.81%
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
Low Risk --
  • NAV ₹14.20
  • Fund Size ₹349.48Cr
Fund Return 3.80%
Category Return 3.21%
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
Very High Risk --
  • NAV ₹13.91
  • Fund Size ₹719.51Cr
Fund Return 11.10%
Category Return 5.25%
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
Very High Risk
  • NAV ₹21.18
  • Fund Size ₹233.85Cr
Fund Return 6.50%
Category Return 8.69%
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
Low Risk --
  • NAV ₹14.20
  • Fund Size ₹349.48Cr
Fund Return 7.61%
Category Return 6.80%
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
Very High Risk --
  • NAV ₹13.91
  • Fund Size ₹719.51Cr
Fund Return 11.67%
Category Return 11.03%
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
Very High Risk
  • NAV ₹21.18
  • Fund Size ₹233.85Cr
Fund Return 14.84%
Category Return 16.59%
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
Low Risk --
  • NAV ₹14.20
  • Fund Size ₹349.48Cr
Fund Return 6.99%
Category Return 6.48%
LIC MF Balanced Advantage Fund Direct Growth LIC MF Balanced Advantage Fund Direct Growth
Very High Risk --
  • NAV ₹13.91
  • Fund Size ₹719.51Cr
Fund Return --
Category Return 15.55%
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
Very High Risk
  • NAV ₹21.18
  • Fund Size ₹233.85Cr
Fund Return 20.00%
Category Return 23.57%
LIC MF Arbitrage Direct Plan Growth LIC MF Arbitrage Direct Plan Growth
Low Risk --
  • NAV ₹14.20
  • Fund Size ₹349.48Cr
Fund Return 5.71%
Category Return 5.34%
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Feb 2025
EQUITY (98.11%)
DEBT (0.00%)
CASH (1.89%)
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.
    2.32
    This Fund
    VS
    3.88
    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.
    0.79
    This Fund
    VS
    0.91
    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.
    86.39
    This Fund
    VS
    86.92
    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.
    0.41
    This Fund
    VS
    0.48
    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.
    14.89
    This Fund
    VS
    15.23
    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 ITI Banking and Financial Services Fund Direct Growth
--
₹15.04
9.22%
7.24%
Very High Risk
₹259.84 Cr
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
--
₹20.03
9.11%
7.24%
Very High Risk
₹1,681.43 Cr
Kotak Banking & Financial Services Fund Direct Growth Kotak Banking & Financial Services Fund Direct Growth
--
₹14.80
8.99%
7.24%
Very High Risk
₹1,007.47 Cr
UTI Banking and Financial Services Fund-Direct Growth Option UTI Banking and Financial Services Fund-Direct Growth Option
₹199.63
8.84%
7.24%
Very High Risk
₹1,106.91 Cr
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
₹49.65
8.80%
7.24%
Very High Risk
₹210.53 Cr
Taurus Banking & Financial Services Fund Direct Plan Growth Option Taurus Banking & Financial Services Fund Direct Plan Growth Option
₹55.85
8.45%
7.24%
Very High Risk
₹10.24 Cr
ITI Banking and Financial Services Fund Direct Growth ITI Banking and Financial Services Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹15.04
  • Fund Size ₹259.84 Cr
Fund Return 9.22%
Category Return 7.24%
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹20.03
  • Fund Size ₹1,681.43 Cr
Fund Return 9.11%
Category Return 7.24%
Kotak Banking & Financial Services Fund Direct Growth Kotak Banking & Financial Services Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹14.80
  • Fund Size ₹1,007.47 Cr
Fund Return 8.99%
Category Return 7.24%
UTI Banking and Financial Services Fund-Direct Growth Option UTI Banking and Financial Services Fund-Direct Growth Option
VERY HIGH RISK
  • NAV ₹199.63
  • Fund Size ₹1,106.91 Cr
Fund Return 8.84%
Category Return 7.24%
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Baroda BNP Paribas Banking and Financial Services Fund Direct Growth
VERY HIGH RISK
  • NAV ₹49.65
  • Fund Size ₹210.53 Cr
Fund Return 8.80%
Category Return 7.24%
Taurus Banking & Financial Services Fund Direct Plan Growth Option Taurus Banking & Financial Services Fund Direct Plan Growth Option
VERY HIGH RISK
  • NAV ₹55.85
  • Fund Size ₹10.24 Cr
Fund Return 8.45%
Category Return 7.24%
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 Infrastructure Fund Direct Plan Growth Option LIC MF Infrastructure Fund Direct Plan Growth Option
₹49.63
12.36%
9.98%
Very High Risk
₹763.24 Cr
LIC MF Large & Mid Cap Direct Growth LIC MF Large & Mid Cap Direct Growth
₹41.33
9.59%
6.07%
Very High Risk
₹2,597.92 Cr
LIC MF ELSS-Direct Plan Growth Option LIC MF ELSS-Direct Plan Growth Option
₹165.92
8.24%
5.97%
Very High Risk
₹1,007.32 Cr
LIC MF Multi Cap Fund Direct Growth LIC MF Multi Cap Fund Direct Growth
--
₹15.94
7.97%
7.06%
Very High Risk
₹1,260.76 Cr
LIC MF Large Cap Fund Direct Plan Growth LIC MF Large Cap Fund Direct Plan Growth
₹58.79
7.96%
6.55%
Very High Risk
₹1,283.83 Cr
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
₹21.18
6.99%
7.24%
Very High Risk
₹233.85 Cr
LIC MF Infrastructure Fund Direct Plan Growth Option LIC MF Infrastructure Fund Direct Plan Growth Option
VERY HIGH RISK
  • NAV ₹49.63
  • Fund Size ₹763.24 Cr
Fund Return 12.36%
Category Return 9.98%
LIC MF Large & Mid Cap Direct Growth LIC MF Large & Mid Cap Direct Growth
VERY HIGH RISK
  • NAV ₹41.33
  • Fund Size ₹2,597.92 Cr
Fund Return 9.59%
Category Return 6.07%
LIC MF ELSS-Direct Plan Growth Option LIC MF ELSS-Direct Plan Growth Option
VERY HIGH RISK
  • NAV ₹165.92
  • Fund Size ₹1,007.32 Cr
Fund Return 8.24%
Category Return 5.97%
LIC MF Multi Cap Fund Direct Growth LIC MF Multi Cap Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹15.94
  • Fund Size ₹1,260.76 Cr
Fund Return 7.97%
Category Return 7.06%
LIC MF Large Cap Fund Direct Plan Growth LIC MF Large Cap Fund Direct Plan Growth
VERY HIGH RISK
  • NAV ₹58.79
  • Fund Size ₹1,283.83 Cr
Fund Return 7.96%
Category Return 6.55%
LIC MF Banking & Financial Services Fund Direct Growth LIC MF Banking & Financial Services Fund Direct Growth
VERY HIGH RISK
  • NAV ₹21.18
  • Fund Size ₹233.85 Cr
Fund Return 6.99%
Category Return 7.24%
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 ₹ 34,106.58 crores. It’s current offering of mutual fund schemes includes 10 equity, 7 debt and 6 hybrid schemes.
Phone
+91 022-66016000
Email
cs.co@licmf.com
AUM
₹ 34,106.58 Cr (
As on Feb 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 Mar 31, 2025) is ₹ 21.18
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 6.99%, 3 months is -1.97%, 6 months is -8.27%, and 1 year is 6.50%.
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 14.84% and 5 years is 20.00%.
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 233.85 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 98.11% in Equity, and 1.89% in Cash & Money Market Securities

CALCULATORS

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