LIC MF Banking & PSU Fund - Direct (IDCW-D)

Banking and PSU Fund

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NAV
14.26(-0.03%)
Fund Size (CR)
₹1,879.49
Expense Ratio
0.28
Scheme Type
Active Fund
Value Research
-

Min. investment
₹5,000
Minimum Additional Investment
₹500
Minimum SIP Investment
₹100
Minimum Withdrawal
₹500
Exit Load
0%
Return Since Launch
6.19%

Absolute Return: -0.23%

Annualized Return: 0%

Basic Details

Scheme Manager

Pratik Harish Shroff

Bench Mark

Nifty Banking & PSU Debt Index A-II

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	March 16, 2026	9984.25	-0.16%	-	-0.19%	35/146
1 Month	February 23, 2026	9964.40	-0.36%	-	-0.22%	127/146
3 Month	December 23, 2025	9999.87	-0.00%	-	0.61%	142/146
6 Month	September 23, 2025	9964.40	-0.36%	-	1.77%	141/146
1 Year	March 21, 2025	9966.41	-0.34%	-0.34%	5.98%	145/146
3 Year	March 23, 2023	11270.67	12.71%	4.06%	6.95%	137/140
5 Year	March 23, 2021	12211.85	22.12%	4.08%	5.95%	133/136
Since Inception	January 1, 2013	22143.78	121.44%	6.19%	7.15%	130/146

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	April 2, 2025	1,20,000	186615.44	55.51%	55.51%
3 Year	April 3, 2023	3,60,000	579617.66	61.00%	17.21%
5 Year	April 5, 2021	6,00,000	1020180.65	70.03%	11.20%
10 Year	April 4, 2016	12,00,000	2285645.40	90.47%	6.66%

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%.

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Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

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

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.38%

Standard Deviation

0.03%

Beta

-0.82%

Sharpe Ratio

-1.39%

Treynor's Ratio

-1.26%

Jension's Alpha

Asset Allocation

Sector Allocation

There is no Sector Allocation data

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
There's no data available of Stock Holdings

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
LIC MF Banking & PSU Fund - Direct (IDCW-D)	1879.49	-0.36%	-0.00%	-0.36%	-0.34%	4.06%
UTI-Banking & PSU Fund - Direct (IDCW-A)	1098.92	0.12%	1.04%	2.43%	11.32%	7.45%
HSBC Banking and PSU Debt Fund - Direct (IDCW-D)	4431.12	-0.23%	0.66%	3.59%	7.66%	7.77%
ICICI Pru Banking & PSU Debt Fund-Direct (IDCW-Q)	9489.48	-0.22%	0.60%	2.28%	7.32%	7.83%
Franklin India Banking & PSU Debt Fund-Direct(G)	479.38	0.04%	1.07%	2.78%	7.27%	7.59%
UTI-Banking & PSU Fund - Direct (IDCW-H)	1098.92	0.12%	1.04%	2.43%	7.13%	7.45%

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	-1.11%	2	₹518.22
LIC MF Medium to Long Duration Fund	Debt	Moderate	5.27%	4	₹197.73
LIC MF Flexi Cap Fund	Equity	Very High	-1%	2	₹1,000.36
LIC MF Large Cap Fund	Equity	Very High	-4.54%	2	₹1,421.53
LIC MF Gilt Fund	Debt	Moderately Low	-0.29%	2	₹45.83
LIC MF Banking & PSU Fund	Debt	Moderate	6.53%	3	₹1,863.96
LIC MF Nifty 50 Index Fund	Other	Very High	-3.03%	2	₹352.85
LIC MF Infrastructure Fund	Equity	Very High	4.47%	4	₹1,006.68
LIC MF Liquid Fund	Debt	Moderately Low	6.28%	3	₹15,982.44
LIC MF Low Duration Fund	Debt	Moderately Low	6.97%	5	₹1,960.48
LIC MF ELSS Tax Saver	Equity	Very High	-9.23%	2	₹1,044.57
LIC MF BSE Sensex Index Fund	Other	Very High	-5.06%	2	₹89.85
LIC MF Equity Savings Fund	Hybrid	Moderately High	3.32%	1	₹35.63
LIC MF Nifty Next 50 Index Fund	Other	Very High	-1.68%	1	₹101.14
LIC MF Gold Fund	Other	High	50.05%	3	₹795.06
LIC MF Conservative Hybrid Fund	Hybrid	Moderately High	3.71%	1	₹46.56
LIC MF Children's Fund	Solution Oriented	Very High	-6.5%	1	₹14.91
LIC MF Large & Mid Cap Fund	Equity	Very High	-4.05%	2	₹3,045.06
LIC MF Banking & Fina Serv Fund	Equity	Very High	4.7%	1	₹277.43
LIC MF Midcap Fund	Equity	Very High	-4.94%	2	₹337.15
LIC MF Small Cap Fund	Equity	Very High	-7.43%	2	₹605.89
LIC MF Focused Fund	Equity	Very High	-3.39%	0	₹163.85
LIC MF Long Term Value Fund	Equity	Very High	2.88%	1	₹202.68
LIC MF Dividend Yield Fund	Equity	Very High	-3.54%	0	₹662.34
LIC MF Arbitrage Fund	Hybrid	Low	6.77%	2	₹277.23
LIC MF Short Duration Fund	Debt	Moderate	6.7%	3	₹187.80
LIC MF Healthcare Fund	Equity	Very High	-3.84%	2	₹82.13
LIC MF Overnight Fund	Debt	Moderately Low	5.51%	4	₹923.05
LIC MF Ultra Short Term Fund	Debt	Low	6.71%	5	₹254.97
LIC MF Balanced Advantage Fund	Hybrid	Very High	-2.1%	2	₹709.59
LIC MF Money Market Fund	Debt	Moderately Low	6.87%	1	₹4,357.20
LIC MF Multi Cap Fund	Equity	Very High	-1.28%	0	₹1,828.51
LIC MF Manufacturing Fund	Equity	Very High	8.67%	0	₹741.29
LIC MF Multi Asset Allocation Fund	Hybrid	Very High	5.38%	0	₹969.87
LIC MF Consumption Fund	Equity	Very High	0%	0	₹494.96

News

LIC Mutual Fund announces Income Distribution cum Capital Withdrawal (IDCW) under its schemes
LIC Mutual Fund has announced 24 March 2026 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 schemes. The amount of IDCW (Rs per unit) will be:
LIC MF Aggressive Hybrid Fund ' Regular Plan - IDCW Option: 0.12
LIC MF Conservative Hybrid Fund ' Direct Plan - IDCW Option: 0.72
LIC MF Conservative Hybrid Fund ' Regular Plan - IDCW Option: 0.72
LIC MF Balanced Advantage Fund ' Direct Plan - IDCW Option: 0.50
LIC MF Balanced Advantage Fund ' Regular Plan - IDCW Option: 0.50
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LIC Mutual Fund Introduction of Weekly Frequency under SIP Facility for LIC MF Technology Fund
LIC Mutual Fund Notice: Introduction of Weekly SIP Frequency Notice is hereby given to all the investors/unit holders that LIC Mutual Fund Asset Management Limited ('AMC') has decided to introduce weekly frequency under Systematic Investment Plan ('SIP') Facility for LIC MF Technology Fund ('The Scheme') w.e.f. 19th March 2026.
The key features of weekly frequency under SIP Facility shall be as follows:

Scheme Name Minimum Amount Minimum Instalments

LIC MF Technology Fund Rs.150/- and in multiples of Rs.1/- thereafter. 40

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Scheme Name	Minimum Amount	Minimum Instalments
LIC MF Technology Fund	Rs.150/- and in multiples of Rs.1/- thereafter.	40

LIC Mutual Fund announces change in face value under its scheme

LIC Mutual Fund has announced change in Face Value under the following scheme, With effect from 06 March 2026.

Change in Face Value

Scheme Name	Existing Provisions	Revised Provisions
LIC MF Gold Exchange Traded Fund	Face Value Rs. 100/- Creation Unit size 1,000 units	Face Value Rs. 1/- Creation Unit size 1,20,000 units

Scheme Name

Existing Provisions

Revised Provisions

LIC MF Gold Exchange Traded Fund

Face Value

Rs. 100/-

Creation Unit size

1,000 units

Face Value

Rs. 1/-

Creation Unit size

1,20,000 units

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Fund House Details & Investment Objective

Date of Incorporation

January 1, 2013

Total AUM (Cr)

₹1863.96

LIC MF Banking & PSU Fund - Direct (IDCW-D) is an Banking and PSU Fund-oriented fund from the renowned AMC, LIC Mutual Fund. Launched in January 1, 2013, this fund is managed by Pratik Harish Shroff. With assets under management (AUM) worth ₹1,863.96 (Cr), as of March 24, 2026, LIC MF Banking & PSU Fund - Direct (IDCW-D) is categorized as a Banking and PSU Fund within its segment. The fund has generated a return of 6.19% since its launch.
The current NAV of LIC MF Banking & PSU Fund - Direct (IDCW-D) is ₹14.26, as on March 24, 2026. The fund's benchmark index is Nifty Banking & PSU Debt Index A-II. You can invest in LIC MF Banking & PSU Fund - Direct (IDCW-D) 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 4.06% and 4.08% 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 99.53% in Debt and 0.44% in cash and cash equivalents.

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