Mutual Funds
AMC
LIC MF Banking & Fina Serv Fund - Dir (IDCW)

LIC MF Banking & Fina Serv Fund - Dir (IDCW)

NAV
25.08(-0.70%)
Fund Size (CR)
₹279.29
Expense Ratio
1.16
Scheme Type
Active Fund
Value Research

Min. investment
₹5,000
Minimum Additional Investment
₹500
Minimum SIP Investment
₹100
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
8.90%

Absolute Return: 2.84%

Annualized Return: 0%

1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment

Basic Details

Scheme Manager

Jaiprakash Toshniwal

Bench Mark

Nifty Financial Services TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	28 January 2026	10092.91	0.93%	-	2.11%	815/964
1 Month	2 January 2026	9897.09	-1.03%	-	-2.25%	242/964
3 Month	4 November 2025	10283.68	2.84%	-	-1.38%	119/936
6 Month	4 August 2025	10828.61	8.29%	-	2.66%	140/908
1 Year	4 February 2025	12200.55	22.01%	22.01%	8.43%	68/828
3 Year	3 February 2023	15212.90	52.13%	14.98%	19.74%	400/506
5 Year	4 February 2021	18194.26	81.94%	12.71%	16.91%	349/426
Since Inception	27 March 2015	25256.00	152.56%	8.90%	11.68%	680/972

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	3 March 2025	1,20,000	130157.67	8.46%	8.46%
3 Year	1 March 2023	3,60,000	433712.20	20.48%	6.41%
5 Year	1 March 2021	6,00,000	843330.50	40.56%	7.05%
10 Year	1 March 2016	12,00,000	2255771.06	87.98%	6.52%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

3.80%

Standard Deviation

1.00%

Beta

0.61%

Sharpe Ratio

0.07%

Treynor's Ratio

-0.49%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	17.70%	529926	49.24	Equity	Banks
ICICI Bank	12.37%	253994	34.42	Equity	Banks
Axis Bank	8.34%	169239	23.19	Equity	Banks
Kotak Mah. Bank	6.41%	436975	17.83	Equity	Banks
SBI	5.40%	139494	15.03	Equity	Banks
MAS FINANC SER	4.59%	392463	12.77	Equity	Finance
SBI Cards	3.12%	115064	8.67	Equity	Finance
Power Fin.Corpn.	2.88%	211390	8.02	Equity	Finance
CreditAcc. Gram.	2.59%	54394	7.22	Equity	Finance
IIFL Finance	2.37%	124707	6.59	Equity	Finance

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
LIC MF Banking & Fina Serv Fund - Dir (IDCW)	279.29	-1.03%	2.84%	8.29%	22.01%	14.98%
Nippon India Taiwan Equity Fund - Direct (G)	427.47	11.78%	18.23%	49.31%	83.61%	40.51%
Nippon India Taiwan Equity Fund - Direct (IDCW)	427.47	11.78%	18.23%	49.31%	83.61%	40.51%
Franklin Asian Equity Fund - Direct (G)	314.58	6.18%	10.25%	23.74%	36.37%	13.51%
Franklin Asian Equity Fund - Direct (IDCW)	314.58	6.18%	10.25%	23.73%	36.35%	13.49%
DSP Natural Resources & New Energy - Direct (IDCW)	1572.72	3.15%	8.12%	21.52%	32.90%	20.21%

List of Schemes under LIC Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
LIC MF Equity Hybrid Fund	Hybrid	Very High	8.76%	2	₹515.46
LIC MF Medium to Long Duration Fund	Debt	Moderate	6.32%	4	₹200.91
LIC MF Flexi Cap Fund	Equity	Very High	6.7%	2	₹1,010.08
LIC MF Large Cap Fund	Equity	Very High	7.37%	2	₹1,433.80
LIC MF Gilt Fund	Debt	Moderately Low	2.4%	2	₹56.96
LIC MF Banking & PSU Fund	Debt	Moderate	7.35%	3	₹1,866.75
LIC MF Nifty 50 Index Fund	Other	Very High	9.31%	2	₹358.74
LIC MF Infrastructure Fund	Equity	Very High	13.66%	4	₹946.24
LIC MF Liquid Fund	Debt	Moderately Low	6.44%	3	₹12,352.47
LIC MF Low Duration Fund	Debt	Moderately Low	7.31%	5	₹1,866.64
LIC MF ELSS Tax Saver	Equity	Very High	3.39%	2	₹1,053.61
LIC MF BSE Sensex Index Fund	Other	Very High	7.2%	2	₹90.87
LIC MF Equity Savings Fund	Hybrid	Moderately High	6.94%	1	₹35.61
LIC MF Nifty Next 50 Index Fund	Other	Very High	9.52%	1	₹98.00
LIC MF Gold Fund	Other	High	80.38%	3	₹808.61
LIC MF Conservative Hybrid Fund	Hybrid	Moderately High	5.58%	1	₹48.69
LIC MF Children's Fund	Solution Oriented	Very High	-3.88%	1	₹14.76
LIC MF Large & Mid Cap Fund	Equity	Very High	7.46%	2	₹2,992.97
LIC MF Banking & Fina Serv Fund	Equity	Very High	22.04%	1	₹278.17
LIC MF Midcap Fund	Equity	Very High	4.68%	2	₹330.68
LIC MF Small Cap Fund	Equity	Very High	-3.55%	2	₹587.16
LIC MF Focused Fund	Equity	Very High	1.2%	0	₹161.98
LIC MF Long Term Value Fund	Equity	Very High	4.91%	1	₹191.63
LIC MF Dividend Yield Fund	Equity	Very High	9.17%	0	₹649.64
LIC MF Arbitrage Fund	Hybrid	Low	6.65%	2	₹281.47
LIC MF Short Duration Fund	Debt	Moderate	7.6%	3	₹260.41
LIC MF Healthcare Fund	Equity	Very High	-2.56%	2	₹78.65
LIC MF Overnight Fund	Debt	Moderately Low	5.7%	4	₹712.15
LIC MF Ultra Short Term Fund	Debt	Low	6.89%	5	₹246.32
LIC MF Balanced Advantage Fund	Hybrid	Very High	5.66%	2	₹718.70
LIC MF Money Market Fund	Debt	Moderately Low	6.99%	1	₹4,227.22
LIC MF Multi Cap Fund	Equity	Very High	9.08%	0	₹1,765.96
LIC MF Manufacturing Fund	Equity	Very High	13.96%	0	₹709.03
LIC MF Multi Asset Allocation Fund	Hybrid	Very High	0%	0	₹953.98
LIC MF Consumption Fund	Equity	Very High	0%	0	₹498.63

News

LIC Mutual Fund announces change in Key Personnel
LIC Mutual Fund has announced that Notice is hereby given to the investors/unitholders that Mr. Sat Pal Bhanoo (Associate Director) has resigned from the Board of LIC Mutual Fund Trustee Private Limited with effect from close of business hours of 31(st) December 2025 on account of his superannuation from Life Insurance Corporation of India.
Powered by Capital Market - Live News

LIC Mutual Fund announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
LIC Mutual Fund has announced 26 December 2025 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following scheme. The amount of IDCW (Rs per unit) will be:
LIC MF Aggressive Hybrid Fund ' Regular Plan - IDCW Option: 0.12
Powered by Capital Market - Live News

LIC Mutual Fund announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
LIC Mutual Fund has announced 25 November 2025 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following scheme. The amount of IDCW (Rs per unit) will be:
LIC MF Aggressive Hybrid Fund ' Regular Plan - IDCW Option: 0.10
Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

9 March 2015

Total AUM (Cr)

₹278.17

LIC MF Banking & Fina Serv Fund - Dir (IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, LIC Mutual Fund. Launched in 9 March 2015, this fund is managed by Jaiprakash Toshniwal. With assets under management (AUM) worth ₹278.17 (Cr), as of 5 February 2026, LIC MF Banking & Fina Serv Fund - Dir (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 8.90% since its launch.
The current NAV of LIC MF Banking & Fina Serv Fund - Dir (IDCW) is ₹25.08, as on 5 February 2026. The fund's benchmark index is Nifty Financial Services TRI. You can invest in LIC MF Banking & Fina Serv Fund - Dir (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 14.98% and 12.71% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 96.70% in Equity, 2.41% in Debt and 0.87% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 60.33% in Banks, 28.57% in Finance, 6.72% in Capital Markets, 1.99% in Debt, 1.38% in Financial Technology (Fin