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(%) | 22.1 | 14.88 | 11.46 | 7.93 |
Average Rolling Returns(%) | 12.69 | 8.66 | 7.39 | N/A |
The Current NAV of LIC MF Banking & Financial Services Fund - Growth - Direct Plan is ₹20.37.
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 0.48%
The process for redemption is
The AUM of LIC MF Banking & Financial Services Fund - Growth - Direct Plan is currently ₹290 Crores.
The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 41% of its portfolio. Top 5 and 10 stocks of fund account for 51% and 67% 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 16.71 and PB ratio is 2.45
The asset allocation of LIC MF Banking & Financial Services Fund - Growth - Direct Plan is Stocks : 94.80%, Debt : 5.21% 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