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Mutual FundsLIC MF Banking & PSU Fund Direct - GrowthL
LIC MF Banking & PSU Fund Direct - Growth
36.46%
5 Year Absolute Returns4Morning Star
3Value Research
L
LIC MF Banking & PSU Fund Direct - Growth
36.46%5 Y Returns
5 Y Returnsas on 08 Jul 2026
4Morning Star
3Value Research
LIC MF Banking & PSU Fund Direct - Growth is a Debt mutual fund scheme launched on 01 Jan 2013. 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 ₹1,865.90 crores, and the current NAV stands at ₹39.7815 as of 08 Jul 2026. The fund has delivered absolute returns of 5.52% in the past 1 year. For the last 3 years the fund has delivered a CAGR of 7.56%. For 5 years it has given a CAGR of 6.42%. The expense ratio of the fund is 0.23%.
NAV ₹ 39.7815 (-0.20%)
CAGR 6.42%
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%
₹ 35.45 L
6.42%
Savings Account
Regular Funds
This Fund on Dhan
Total Investment
₹ 30,00,000
Returns
₹ 5,45,283 (6.42%)
Maturity Value
₹ 35,45,283
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
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Returns vs Category
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*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
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Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 1,865.90 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹1,865.90 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
₹ 39.8827
Min. SIP Amount
₹ 200.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 1,865.90
Expense Ratio
0.23%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 37.8187
Inception Date
01 Jan 2013
Fund Age
13 Yrs
Benchmark
Nifty Banking & PSU Debt Index A-II
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- No charges for withdrawal
Tax Implication
- Returns to be taxed as per your normal Income Tax slab.
Fund Managers
| Name | Qualification |
|---|---|
| Rahul Singh | B.SC Economic Hons. and hold a PGDM FROM IIM-A. |
| Pratik Harish Shroff | Executive Programme in Applied Finance - Indian Institute of Management, Calcutta Financial Risk Manager (FRM) - GARP Chartered Financial Analyst (CFA) - CFA Institute M.Com - University of Mumbai B.Com - University of Mumbai |
Fund Objective
The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks, public sector undertakings, public financial institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized.
Risk-O-Meter
Investors understand that their principal will be at
Moderate Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
Explained by the Fund Manager
Get a deeper understanding of LIC Banking and PSU Fund straight from the expert. Here the fund manager has given a break down the fund’s investment objective, portfolio composition, and strategy. Learn how the holdings are selected, the sectors in focus, and what makes this scheme stand out. Whether you're an existing investor or currently evaluating the fund, this video offers valuable insights to help you make informed decisions.
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 & PSU Fund launched?
LIC MF Banking & PSU Fund was launched on 01 Jan 2013.
What is the current NAV of LIC MF Banking & PSU Fund?
The current NAV of LIC MF Banking & PSU Fund is ₹39.7815 as of 08 Jul 2026.
What is the AUM of LIC MF Banking & PSU Fund?
The latest value of AUM of LIC MF Banking & PSU Fund is ₹1,865.90 crores as of 08 Jul 2026.
What is the rate of return of LIC MF Banking & PSU Fund?
The return on investment of LIC MF Banking & PSU Fund is:
- In the past 1Y: 5.52%
- In the past 3Y: 7.56%
- In the past 5Y: 6.42%
What is the expense ratio of LIC MF Banking & PSU Fund?
The expense ratio of LIC MF Banking & PSU Fund is 0.23%.
What is exit load of LIC MF Banking & PSU Fund?
The exit load of LIC MF Banking & PSU Fund is as follows:
No charges for withdrawal
How risky is investing in LIC MF Banking & PSU Fund?
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of LIC MF Banking & PSU Fund is Moderate.
Who is the fund manager LIC MF Banking & PSU Fund?
The fund manager of LIC MF Banking & PSU Fund is Rahul Singh, Pratik Harish Shroff.
What is the minimum investment required in LIC MF Banking & PSU Fund?
If you wish to invest in LIC MF Banking & PSU Fund, the minimum SIP amount is ₹200 and Lumpsum is ₹5,000.
How to invest in LIC MF Banking & PSU 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 & PSU Fund:
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.
