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(%) 21.07 12.16 12.68 N/A
Average Rolling Returns(%) 11.21 7.28 5.98 N/A

The Current NAV of LIC MF Banking & Financial Services Fund - Regular Plan - Growth is ₹17.99.

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 ₹295 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and SBI and account for 42% of its portfolio. Top 5 and 10 stocks of fund account for 54% and 70% 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 16.39 and PB ratio is 2.35

The asset allocation of LIC MF Banking & Financial Services Fund - Regular Plan - Growth is Stocks : 95.60%, Debt : 4.39% 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

© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.