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LIC MF Banking & Financial Services Fund(IDCW)

IDCW
21.671.52% (+0.32)

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LIC MF Banking & Financial Services Fund(IDCW)

IDCW
EquitySectoral Fund - Banks & Financial Services
Small-size FundAssets Under Mgmt: ₹ 263 Cr
Very High RiskPrinciple investment will be at very high risk
21.671.52% (+0.32)

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Returns
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EquitySectoral Fund - Banks & Financial Services
Small-size FundAssets Under Mgmt: ₹ 263 Cr
Very High RiskPrinciple investment will be at very high risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
1.0520.10-0.00
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
1.5125.200.61

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs1.00%
Nil upto 12% of units and 1% on remaining units on or before 90D Nil after 90D
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 500
BenchmarkBenchmark
Nifty Financial Services - TRI

About Sectoral Fund - Banks & Financial Services

Sectoral Funds - Banks & Financial Services are equity schemes that majorly invest in financial sector companies. It will give exposure to entire financial sector which comprised a wide range of bank and financial services.

Peers & Comparison

Comparing 3 mutual funds from 
EquitySectoral Fund - Banks & Financial Services

Returns

Scheme

Ratios

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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
LIC MF Banking & Financial Services Fund(IDCW)4.26%15.26%8.23%
ICICI Pru Banking & Fin Serv Fund(IDCW-Payout)5.99%6.97%10.30%
SBI Banking & Financial Services Fund(IDCW-Payout)23.02%19.21%14.62%
Nippon India Banking & Financial Services Fund(IDCW)7.43%14.15%7.44%

Price Comparison

Compare LIC MF Banking & Financial Services Fund(IDCW) with any MF, ETF, stock or index
Compare LIC MF Banking & Financial Services Fund(IDCW) with any MF, ETF, stock or index
LIC MF Banking & Financial Services Fund(IDCW)
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Asset Allocation

Actual

Target

Mar 2024

Jun 2024

Sep 2024

Nov 2024

ACTUAL
Cash & EquivalentsEquity1.62%98.38%

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Tickertape Separator

Sector Distribution

+6 moreInvestment Banking & BrokerageConsumer FinancePublic BanksSpecialized FinancePrivate Banks12.52 %4.85 %5.36 %8.26 %15.06 %53.95 %

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Tickertape Separator

Sector Weightage

Sep 23Dec 23Mar 24Jun 24Sep 24Nov 2461.22%62.59%62.17%59.77%54.41%53.95%
Private Banks as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Equity

Others

  • Constituent
    Holding Weight
    3M Change
  • HDFC Bank Ltd
    HDFCBANK
    3M change : 1.55 %

    Holdings

    23.86 %

    1.55 %
  • ICICI Bank Ltd
    ICICIBANK
    3M change : -0.67 %

    Holdings

    10.78 %

    -0.67 %
  • State Bank of India
    SBIN
    3M change : 2.64 %

    Holdings

    8.26 %

    2.64 %

AMC Profile

LIC Mutual Fund was established on 20th April 1989 by LIC of India. Its current Asset under Management (AUM) surpasses Rs.14 crore.

  • No.of Schemes

    34

  • Total AUM

    ₹ 30,249.84 Cr.

Fund Manager Profile

Jaiprakash Toshniwal

AUM:  ₹2,270.16 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: 10yrs

Qualification

CFA ,MS Finance (CFA),B.com

Past Experience

Senior Equity Research Analyst - LIC Mutual Fund Asset Management Ltd. (28th January 2021 onwards) • Equity Research Analyst - India First Life Insurance (16th August 2011 - 27th January 2021) • Equity Research Analyst - Taurus Mutual Fund (December 2009 - August 2011)

Funds Managed (16)

Manager Performance (0)

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Tax Implications

Invested period < 1 year

Gains are treated as short-term capital gains and taxed at 20%

Invested period > 1 year

Gains are treated as long-term capital gains and taxed at 12.5%

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Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.

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Opinions and Fund Reviews

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