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

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

1 Year 3 Year 5 Year 9 Year
CAGR(%) 20.35 13.43 10.15 6.72
Average Rolling Returns(%) 11.29 7.34 6.12 N/A

The Current NAV of LIC MF Banking & Financial Services Fund - Regular Plan - Growth is ₹18.49.

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 - Regular Plan - Growth fund’s expense ratio is 2.33%

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 - Regular Plan - Growth 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 - Regular Plan - Growth 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 - Regular Plan - Growth Fund is Equity - Sectoral Fund - Banks & Financial Service.

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

LIC MF Banking & Financial Services Fund - Regular Plan - Growth current PE ratio is 16.71 and PB ratio is 2.45

The asset allocation of LIC MF Banking & Financial Services Fund - Regular Plan - Growth is Stocks : 94.80%, Debt : 5.21% and Gold : 0%

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

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

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