LIC MF Banking & Financial Services Fund Direct-Growth
Equity, Sectoral-Banking, Principal at very high risk
1 Year Return -0.96% at 08 Jun 2026 01:20 PM
LIC MF Banking & Financial Services Fund Direct-Growth: Mutual Fund Overview
LIC MF Banking & Financial Services Fund Direct-Growth is an Sectoral-Banking mutual fund with over 11.2 years of performance history. The scheme manages an AUM of ₹262.05 Cr and has a NAV of ₹22.9871. It is rated '2' stars by analysts. Investors can begin a SIP with as little as ₹200.0, making it accessible for all types of investors. In the last 1 year, the fund has delivered a return of -0.96%.
Fund Details
NAV 22.9871
Sub-Type Sectoral-Banking
Rating 2
Min. SIP Amount ₹200.0
Fund Age(Year) 11.2
Fund Size(in Crores) 262.05
Fund Performance
1 Month -3.69%
3 Month -6.21%
6 Month -9.14%
1 Year -0.96%
3 Year 8.27%
5 Year 9.21%
Know This Fund
As on 08 Jun 2026
Investment strategy that balances risk & reward by dividing the investment portfolio among different types of asset classes.
Equity (0%) Market Cap Top Sectors Top Holding
Debt & Others (100%) Sector Allocation State Development Loan 3.03 CBLO 5.69 Bonds/Debentures 0.39 Debt Credit Ratings AAA 75.21 SOV 9.95 A1+ 9.04 Cash & Call Money 5.49 Others 0.3 Debt Category Canara Bank 2.14 Summit Digitel Infrastructure 1.13 GOI 6.92 Gujarat State 0.83
Comparison with same funds
Equity, Flexi Cap funds Aditya Birla Sun Life Corporate Bond Fund Regular-Growth Ret 1M 0.56% Ret 1Y 3.27% Ret 3Y 6.89% Ret 5Y 6.11%
Equity, Flexi Cap funds Aditya Birla Sun Life Corporate Bond Fund Regular-IDCW Ret 1M 0.56% Ret 1Y 3.27% Ret 3Y 6.89% Ret 5Y 6.11%
Equity, Flexi Cap funds Aditya Birla Sun Life Corporate Bond Fund Regular-IDCW Monthly Ret 1M 0.56% Ret 1Y 3.27% Ret 3Y 6.89% Ret 5Y 6.11%
Equity, Flexi Cap funds Aditya Birla Sun Life Corporate Bond Fund Regular-IDCW Monthly Reinvestment Ret 1M 0.56% Ret 1Y 3.27% Ret 3Y 6.89% Ret 5Y 6.11%
Equity, Flexi Cap funds Axis Corporate Bond Fund Regular-Growth Ret 1M 0.51% Ret 1Y 4.08% Ret 3Y 6.93% Ret 5Y 5.99%
Equity, Flexi Cap funds Axis Corporate Bond Fund Regular-IDCW Daily Reinvestment Ret 1M 0.51% Ret 1Y 4.08% Ret 3Y 6.93% Ret 5Y 5.99%
Equity, Flexi Cap funds Axis Corporate Bond Fund Regular-IDCW Monthly Payout Ret 1M 0.51% Ret 1Y 4.08% Ret 3Y 6.93% Ret 5Y 5.99%
Equity, Flexi Cap funds Axis Corporate Bond Fund Regular-IDCW Monthly Reinvestment Ret 1M 0.51% Ret 1Y 4.08% Ret 3Y 6.93% Ret 5Y 5.99%
Equity, Flexi Cap funds Axis Corporate Bond Fund Regular-IDCW Payout Ret 1M 0.51% Ret 1Y 4.08% Ret 3Y 6.93% Ret 5Y 5.99%
Equity, Flexi Cap funds Axis Corporate Bond Fund Regular-IDCW Reinvestment Ret 1M 0.51% Ret 1Y 4.08% Ret 3Y 6.93% Ret 5Y 5.99%
Equity, Flexi Cap funds Axis Corporate Bond Fund Regular-IDCW Weekly Payout Ret 1M 0.51% Ret 1Y 4.08% Ret 3Y 6.93% Ret 5Y 5.99%
Charges & Taxes Expense Ratio
Returns are taxed as per your Income Tax Slab.
Expense Ratio (Inclusive of GST): 1.16%
Exit Load 1.0%
Stamp Duty 0.005%
Fund Management
The various expenses, charges and taxes associated with your Mutual Fund
Jaiprakash Toshniwal
Education Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University.
Experience Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.
Sudhanshu Asthana
Education Mr. Asthana is a M.A (Economics) from Mumbai University and PGDM (Investment Management) from NMIMS.
Experience Prior to joining LIC MF, he has worked with UTI Mutual Fund, Tamohara Investment Managers, Axis Mutual Fund, Barclays Wealth Management, SBI Mutaul Fund, Quantum Mutual Fund and BRICS Securities Ltd.
Riskometer
Mutual Fund Investments are subject to market risk. Read all scheme related documents carefully.
Principal at very high risk
AMC and Fund details
Rank (total sets) 36
Date of Incorporation 2015-03-27
Total AUM 48379.11
The Scheme Seeks to generate returns from a portfolio of pure debt oriented funds accessed through the diverse investment styles of underlying schemes selected in accordance with the BSLAMC process.
Take Your Next Step
LIC MF Banking & Financial Services Fund Direct-Growth FAQs
How to invest in LIC MF Banking & Financial Services Fund Direct-Growth?
Investing in LIC MF Banking & Financial Services Fund Direct-Growth through Motilal Oswal is simple and completely online. You just need to follow the step-by-step process below to get started in a few minutes.
- Log in to your Motilal Oswal account via the app or website
- Go to the Mutual Funds section
- Search for LIC MF Banking & Financial Services Fund Direct-Growth in the search bar
- Select your preferred investment mode – Lumpsum or SIP
- Enter investment details such as amount and linked bank account
- Complete your KYC, if not already done
- Review and confirm details including fund name, plan type, amount, and bank account
- Make the payment using Net Banking, UPI, or other available options
- Receive transaction confirmation via email or SMS
What is the expense ratio of LIC MF Banking & Financial Services Fund Direct-Growth?
The term expense ratio for LIC MF Banking & Financial Services Fund Direct-Growth or any other mutual fund is the annual fee charged by the fund house for managing your investment scheme. The expense ratio of LIC MF Banking & Financial Services Fund Direct-Growth is 1.16% as of 08 Jun 2026.
What is the NAV of LIC MF Banking & Financial Services Fund Direct-Growth?
The NAV of LIC MF Banking & Financial Services Fund Direct-Growth is ₹22.9871 as of 08 Jun 2026.
What is the AUM of LIC MF Banking & Financial Services Fund Direct-Growth?
The AUM (Assets Under Management) of LIC MF Banking & Financial Services Fund Direct-Growth is the total value of assets managed by the fund at a given time, which is updated regularly. The AUM of LIC MF Banking & Financial Services Fund Direct-Growth is ₹262.05 Cr as of 08 Jun 2026.
What is the PE and PB ratio of LIC MF Banking & Financial Services Fund Direct-Growth?
The PE ratio of LIC MF Banking & Financial Services Fund Direct-Growth shows how much investors are paying for the fund's underlying earnings, while the PB ratio indicates how the fund's holdings are valued compared to their book value.
Can I invest in SIP and Lump Sum in LIC MF Banking & Financial Services Fund Direct-Growth?
Yes, you can invest in LIC MF Banking & Financial Services Fund Direct-Growth through both SIP (Systematic Investment Plan) and lump sum options, depending on your investment preference and financial goals.
What is the return of LIC MF Banking & Financial Services Fund Direct-Growth in the last 5 years?
The return of LIC MF Banking & Financial Services Fund Direct-Growth in the last 5 years is 9.21%.
What is the minimum SIP investment required in LIC MF Banking & Financial Services Fund Direct-Growth?
The minimum SIP investment in LIC MF Banking & Financial Services Fund Direct-Growth depends on the fund's scheme rules and usually starts at a small amount. For LIC MF Banking & Financial Services Fund Direct-Growth, the minimum SIP amount is ₹200.0.
What is the current NAV of LIC MF Banking & Financial Services Fund Direct-Growth?
The NAV of LIC MF Banking & Financial Services Fund Direct-Growth, as of 08 Jun 2026, is ₹22.9871.
Who manages the LIC MF Banking & Financial Services Fund Direct-Growth?
The fund managers responsible for LIC MF Banking & Financial Services Fund Direct-Growth are:
- Jaiprakash Toshniwal
- Sudhanshu Asthana