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Mutual FundsLIC MF Banking & Financial Services Fund Direct - GrowthL
LIC MF Banking & Financial Services Fund Direct - Growth
69.33%
5 Year Absolute Returns3Morning Star
2Value Research
L
LIC MF Banking & Financial Services Fund Direct - Growth
69.33%5 Y Returns
5 Y Returnsas on 08 Jul 2026
3Morning Star
2Value Research
LIC MF Banking & Financial Services Fund Direct - Growth is a Equity mutual fund scheme launched on 27 Mar 2015. Investors can begin their investment journey with a minimum SIP of ₹200 or a lumpsum investment of ₹5,000. The fund manages total assets worth ₹256.29 crores, and the current NAV stands at ₹24.5397 as of 08 Jul 2026. The fund has delivered absolute returns of 5.02% in the past 1 year. For the last 3 years the fund has delivered a CAGR of 9.58%. For 5 years it has given a CAGR of 11.11%. The expense ratio of the fund is 0.99%.
NAV ₹ 24.5397 (-2.53%)
CAGR 11.11%
NAV
NIFTY50
NAV
NIFTY50
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
5Y
₹ 32.73 L
3.50%
₹ 36.98 L
8.00%
₹ 40.24 L
11.11%
Savings Account
Regular Funds
This Fund on Dhan
Total Investment
₹ 30,00,000
Returns
₹ 10,24,481 (11.11%)
Maturity Value
₹ 40,24,481
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
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*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 256.29 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹256.29 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
Sorry, No Data Available at this Moment!
Stock Holdings
Sorry, No Data Available at this Moment!
Fund Comparison
Fund Details
52W High NAV
₹ 25.9094
Min. SIP Amount
₹ 200.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 256.29
Expense Ratio
0.99%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 21.6837
Inception Date
27 Mar 2015
Fund Age
11 Yrs
Benchmark
Nifty Financial Services TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Sudhanshu Asthana | post graduate in Economics and has diploma in Investment Management |
Fund Objective
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Risk-O-Meter
Investors understand that their principal will be at
Very High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
LIC Mutual Fund
No. of Schemes
35
Total AUM
₹ 39,473.81 Cr
Contact Details
4th Floor, Industrial InsuranceBuilding, Opp.Churchgate StatiMumbai 400 020.
Contact Details
022-660160004th Floor, Industrial InsuranceBuilding, Opp.Churchgate StatiMumbai 400 020.
Open NFOs
Sorry, No Data Available at this Moment!
FAQs
When was LIC MF Banking & Financial Services Fund launched?
LIC MF Banking & Financial Services Fund was launched on 27 Mar 2015.
What is the current NAV of LIC MF Banking & Financial Services Fund?
The current NAV of LIC MF Banking & Financial Services Fund is ₹24.5397 as of 08 Jul 2026.
What is the AUM of LIC MF Banking & Financial Services Fund?
The latest value of AUM of LIC MF Banking & Financial Services Fund is ₹256.29 crores as of 08 Jul 2026.
What is the rate of return of LIC MF Banking & Financial Services Fund?
The return on investment of LIC MF Banking & Financial Services Fund is:
- In the past 1Y: 5.02%
- In the past 3Y: 9.58%
- In the past 5Y: 11.11%
What is the expense ratio of LIC MF Banking & Financial Services Fund?
The expense ratio of LIC MF Banking & Financial Services Fund is 0.99%.
What is exit load of LIC MF Banking & Financial Services Fund?
The exit load of LIC MF Banking & Financial Services Fund is as follows:
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
What is the portfolio of LIC MF Banking & Financial Services Fund?
The portfolio of LIC MF Banking & Financial Services Fund includes:
Top 3 sectoral holdings include:
No data to show right now!
Top 3 sectoral holdings include:
How risky is investing in LIC MF Banking & Financial Services Fund?
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of LIC MF Banking & Financial Services Fund is Very High.
Who is the fund manager LIC MF Banking & Financial Services Fund?
The fund manager of LIC MF Banking & Financial Services Fund is Sudhanshu Asthana.
What is the minimum investment required in LIC MF Banking & Financial Services Fund?
If you wish to invest in LIC MF Banking & Financial Services Fund, the minimum SIP amount is ₹200 and Lumpsum is ₹5,000.
How to invest in LIC MF Banking & Financial Services Fund directly?
You can easily invest in mutual funds at 0% commission on Dhan. Here's how you can directly invest in LIC MF Banking & Financial Services Fund:
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.
