
LIC MF Banking & Financial Services Fund Direct Growth
LIC MF Banking & Financial Services Fund Direct Growth
as on 06 Nov 2026
LIC MF Banking & Financial Services Fund Direct Growth is a Equity mutual fund scheme launched on 27 Mar 2015. The current NAV stands at ₹24.2079 as of 06 Nov 2026. From the funds total AUM, its top holdings include ICICI Bank at 12.94%, HDFC Bank at 10.60%, Axis Bank at 10.25%, Treps at 6.10%, Kotak Bank at 5.78%
Scheme Overview
- Inception Date : 27 Mar 2015
- AUM : ₹256.38 Cr
- 5Y Returns (CAGR) : 8.01%
- Expense Ratio : 1.65%
- Min. SIP : ₹200
- Min. Lumpsum : ₹5,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
5Y
₹ 32.73 L
3.50%
₹ 36.98 L
8.00%
₹ 36.99 L
8.01%
Total Investment
₹ 30,00,000
Returns
₹ 6,99,330 (8.01%)
Maturity Value
₹ 36,99,330
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
Sorry, No Data Available at this Moment!
*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
₹ 256.38 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹256.38 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 91.25% | ||
| Other | 6.00% | ||
| Technology | 2.75% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() I ICICI Bank | 12.94% | |
![]() H HDFC Bank | 10.60% | |
![]() A Axis Bank | 10.25% | |
![]() T Treps | 6.10% | |
![]() K Kotak Bank | 5.78% | |
![]() A AU Small Finance Bank | 5.45% | |
![]() B Bajaj Finance | 4.37% | |
![]() N Nippon Life India AMC | 3.38% | |
![]() K Karur Vysya Bank | 3.03% | |
![]() O One 97 Communications | 2.75% | |
![]() P Power Finance Corporation | 2.75% | |
![]() C Credit Access Grameen | 2.75% | |
![]() A Aditya Birla Sun Life AMC | 2.52% | |
![]() M MAS Financial Services | 2.40% | |
![]() M Motilal Oswal Financial Services | 2.38% | |
![]() P PB FinTech | 2.26% | |
![]() A Aadhar Housing Finance | 2.21% | |
![]() M Max Financial Services | 2.10% | |
![]() A Aditya Birla Capital | 2.08% | |
![]() I Indusind Bank | 2.05% | |
![]() S SBI Life Insurance | 2.04% | |
![]() U Ujjivan Small Finance Bank | 1.91% | |
![]() D DCB Bank | 1.82% | |
![]() 3 360 One WAM | 1.78% | |
![]() S Shriram Finance | 1.76% | |
![]() M MCX | 1.40% | |
![]() C City Union Bank | 1.25% | |
![]() N Net Receivables / (Payables) | 0.11% | |
![]() T TVS Holdings | 0.00% | |
![]() F Five Star Business Finance | 0.00% | |
![]() K KFin Technologies | 0.00% | |
![]() I IIFL Finance | 0.00% | |
![]() C CAMS | 0.00% | |
![]() B Bajaj Housing Finance | 0.00% | |
![]() C CRISIL | 0.00% | |
![]() S State Bank of India | 0.00% | |
![]() S SBI Cards | 0.00% | |
![]() H HDFC Life Insurance | 0.00% | |
![]() H HDB Financial Services | 0.00% | |
![]() C CSB Bank | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 25.9094
Min. SIP Amount
₹ 200.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 256.38
Expense Ratio
1.65%
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
33
Total AUM
₹ 40,766.64 Cr
Contact Details
4th Floor, Industrial InsuranceBuilding, Opp.Churchgate StatiMumbai 400 020.
Contact Details
4th Floor, Industrial InsuranceBuilding, Opp.Churchgate StatiMumbai 400 020.
FAQs
When was LIC MF Banking & Financial Services Fund launched?
What is the current NAV of LIC MF Banking & Financial Services Fund?
What is the AUM of LIC MF Banking & Financial Services Fund?
What is the rate of return of LIC MF Banking & Financial Services Fund?
- In the past 1Y: -1.40%
- In the past 3Y: 7.95%
- In the past 5Y: 8.01%
What is the expense ratio of LIC MF Banking & Financial Services Fund?
What is exit load of LIC MF Banking & Financial Services Fund?
What is the portfolio of LIC MF Banking & Financial Services Fund?
- ICICI Bank: 12.94%
- HDFC Bank: 10.60%
- Axis Bank: 10.25%
- Kotak Bank: 5.78%
- AU Small Finance Bank: 5.45%
Top 3 sectoral holdings include:
- Financial Services: 91.25%
- Others: 6.21%
- Technology: 2.75%
How risky is investing in LIC MF Banking & Financial Services Fund?
Who is the fund manager LIC MF Banking & Financial Services Fund?
What is the minimum investment required in LIC MF Banking & Financial Services Fund?
How to invest in LIC MF Banking & Financial Services Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

Invest in
Pay 0% Commission!
+91
Or Scan the QR Code to download the Dhan App









































