FAQ : LIC MF Banking & Financial Services Fund - Growth - Direct Plan

LIC MF Banking & Financial Services Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 23.23 15.93 11.54 7.58
Average Rolling Returns(%) 11.46 7.46 6.23 N/A

The Current NAV of LIC MF Banking & Financial Services Fund - Growth - Direct Plan is ₹20.71.

You should look for a fund with better more consistent performance track record. Funds returns likely to be fairly different than its benchmark Nifty Financial Services , as Funds portfolio is somewhat different.

LIC MF Banking & Financial Services Fund - Growth - Direct Plan fund’s expense ratio is 1.05%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of LIC MF Banking & Financial Services Fund - Growth - Direct Plan is currently ₹305 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 39% of its portfolio. Top 5 and 10 stocks of fund account for 49% and 66% of fund’s portfolio respectively.

Top three sectors of LIC MF Banking & Financial Services Fund - Growth - Direct Plan fund are BFSI, Miscellaneous and accounting for 100% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Sectoral Fund - Banks & Financial Service it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of LIC MF Banking & Financial Services Fund - Growth - Direct Plan Fund is Equity - Sectoral Fund - Banks & Financial Service.

Jaiprakash Toshniwal manages the LIC MF Banking & Financial Services Fund - Growth - Direct Plan Fund.

LIC MF Banking & Financial Services Fund - Growth - Direct Plan current PE ratio is 17.50 and PB ratio is 2.46

The asset allocation of LIC MF Banking & Financial Services Fund - Growth - Direct Plan is Stocks : 97.24%, Debt : 2.76% and Gold : 0%

The minimum SIP amount for LIC MF Banking & Financial Services Fund - Growth - Direct Plan is ₹1000.00 and minimum lumpsum is ₹5000.00

The exit load for LIC MF Banking & Financial Services Fund - Growth - Direct Plan is Nil upto 12% of units and 1% on remaining units or or before 90 days, Nil after 90 days

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