LIC MF Banking & PSU Debt Fund Direct Growth

Fund Overview

Fund Size

₹1,882 Cr

Expense Ratio

0.28%

ISIN

INF767K01GI4

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

LIC MF Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 12 years, 2 months and 27 days, having been launched on 01-Jan-13.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹36.59, Assets Under Management (AUM) of 1881.91 Crores, and an expense ratio of 0.28%.

LIC MF Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.46% since inception.
The fund's asset allocation comprises around 0.00% in equities, 92.31% in debts, and 7.42% in cash & cash equivalents.
You can start investing in LIC MF Banking & PSU Debt Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+8.54%

+7.11% (Cat Avg.)

3 Years

+6.83%

+6.15% (Cat Avg.)

5 Years

+6.33%

+6.66% (Cat Avg.)

10 Years

+7.24%

+6.30% (Cat Avg.)

Since Inception

+7.46%

— (Cat Avg.)

Portfolio Summaryas of 15th March 2025

Debt	₹1,737.19 Cr	92.31%
Others	₹144.72 Cr	7.69%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.1% Govt Stock 2034	Bond - Gov't/Treasury	₹85.94 Cr	4.84%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹77.52 Cr	4.37%
Export-Import Bank Of India	Bond - Corporate Bond	₹75.82 Cr	4.27%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹75.11 Cr	4.23%
NLc India Limited	Bond - Corporate Bond	₹65.39 Cr	3.68%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹53.59 Cr	3.02%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹52.59 Cr	2.96%
Bank Of Baroda	Bond - Corporate Bond	₹51.88 Cr	2.92%
Power Finance Corporation Limited	Bond - Corporate Bond	₹51.35 Cr	2.89%
Reliance Utilities And Power Private Limited	Bond - Corporate Bond	₹50.77 Cr	2.86%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹50.65 Cr	2.85%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹50.63 Cr	2.85%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹50.55 Cr	2.85%
Export Import Bank Of India	Bond - Corporate Bond	₹50.24 Cr	2.83%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹50.19 Cr	2.83%
Axis Bank Limited	Cash - CD/Time Deposit	₹48.25 Cr	2.72%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹47.18 Cr	2.66%
Nhpc Limited	Bond - Corporate Bond	₹46.76 Cr	2.63%
07.71 GJ Sgs 2034	Bond - Gov't/Treasury	₹41.45 Cr	2.33%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹38.37 Cr	2.16%
Treps	Cash - Repurchase Agreement	₹32.49 Cr	1.83%
Rec Limited	Bond - Corporate Bond	₹29.88 Cr	1.68%
National Highways Authority Of India	Bond - Corporate Bond	₹27.83 Cr	1.57%
Power Finance Corporation Limited	Bond - Corporate Bond	₹26.99 Cr	1.52%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹26.68 Cr	1.50%
Rec Limited	Bond - Corporate Bond	₹26.61 Cr	1.50%
National Housing Bank	Bond - Corporate Bond	₹26.6 Cr	1.50%
Power Finance Corporation Limited	Bond - Corporate Bond	₹26.54 Cr	1.49%
07.66 GJ Sdl 2032	Bond - Gov't/Treasury	₹26.03 Cr	1.47%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹26.01 Cr	1.46%
Indian Oil Corporation Limited	Bond - Corporate Bond	₹25.85 Cr	1.46%
6.79% Govt Stock 2034	Bond - Gov't/Treasury	₹25.62 Cr	1.44%
Rec Limited 7.34%	Bond - Corporate Bond	₹25.54 Cr	1.44%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.41 Cr	1.43%
Export-Import Bank Of India	Bond - Corporate Bond	₹25.3 Cr	1.42%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.3 Cr	1.42%
Nuclear Power Corporation Of India Limited	Bond - Corporate Bond	₹25.27 Cr	1.42%
National Housing Bank	Bond - Corporate Bond	₹25.14 Cr	1.42%
Housing And Urban Development Corporation Ltd.	Bond - Corporate Bond	₹25.06 Cr	1.41%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.05 Cr	1.35%
Axis Bank Ltd.	Cash - CD/Time Deposit	₹23.78 Cr	1.34%
HDFC Bank Limited	Cash - CD/Time Deposit	₹23.69 Cr	1.33%
07.70 MH Sgs 2033	Bond - Gov't/Treasury	₹20.67 Cr	1.16%
Net Receivables / (Payables)	Cash - Collateral	₹-20.5 Cr	1.15%
07.72 MH Sdl 2034	Bond - Gov't/Treasury	₹15.88 Cr	0.89%
07.47 MH Sdl 2034	Bond - Gov't/Treasury	₹15.31 Cr	0.86%
Punjab National Bank	Bond - Corporate Bond	₹15.1 Cr	0.85%
Indian Oil Corporation Limited	Bond - Corporate Bond	₹14.43 Cr	0.81%
Ntpc Limited	Bond - Corporate Bond	₹10.05 Cr	0.57%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹10.05 Cr	0.57%
SBI CDMDF--A2	Mutual Fund - Open End	₹4.79 Cr	0.27%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹1,357.58 Cr	76.45%
Bond - Gov't/Treasury	₹281.54 Cr	15.86%
Cash - CD/Time Deposit	₹119.77 Cr	6.75%
Cash - Repurchase Agreement	₹32.49 Cr	1.83%
Cash - Collateral	₹-20.5 Cr	1.15%
Mutual Fund - Open End	₹4.79 Cr	0.27%
Bond - Gov't Agency Debt	₹0 Cr	-

Risk & Performance Ratios

Fund Managers

Marzban Irani

Since August 2016

Pratik Shroff

Since September 2023

Additional Scheme Detailsas of 15th March 2025

ISIN

INF767K01GI4

Expense Ratio

0.28%

Exit Load

No Charges

Fund Size

₹1,882 Cr

Age

12 years 2 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY Banking & PSU Debt TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Banking & PSU Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13421.37 Cr	8.2%
Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹13421.37 Cr	7.9%
Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹581.17 Cr	7.8%
Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.2%	0.0%	₹581.17 Cr	8.1%
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
PGIM India Banking and PSU Debt fund Regular Growth Moderate Risk	0.4%	0.0%	₹45.38 Cr	6.6%
Canara Robeco Banking and PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹230.09 Cr	7.6%
Canara Robeco Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹230.09 Cr	8.0%
Tata Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹207.53 Cr	7.0%
Tata Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹207.53 Cr	6.5%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹32,865 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2597.92 Cr	18.0%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹468.47 Cr	9.7%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹192.70 Cr	10.0%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹874.50 Cr	3.9%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹88.23 Cr	9.1%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1881.91 Cr	8.5%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1283.83 Cr	8.8%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹2058.92 Cr	7.9%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹78.16 Cr	7.1%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹295.41 Cr	7.7%
LIC MF Infrastructure Fund Direct Growth Very High Risk	0.7%	1.0%	₹763.24 Cr	18.7%
LIC MF Liquid Plan Direct Growth Low to Moderate Risk	0.2%	0.0%	₹11549.11 Cr	7.4%
LIC MF ELSS Direct Growth Very High Risk	1.0%	0.0%	₹1007.32 Cr	17.8%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹120.70 Cr	8.7%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹349.48 Cr	7.5%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹719.51 Cr	11.7%
LIC MF Conservative Hybrid Fund Direct Growth Moderately High risk	1.2%	1.0%	₹49.55 Cr	8.3%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹233.85 Cr	7.2%
LIC MF Money Market Fund Direct Growth Low Risk	0.6%	0.0%	₹19.94 Cr	6.4%
LIC MF Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹561.61 Cr	6.6%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1260.76 Cr	18.1%
LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹365.85 Cr	7.7%

Risk Level

Your principal amount will be at Moderate Risk

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Still got questions?
We're here to help.

What is the current NAV of LIC MF Banking & PSU Debt Fund Direct Growth?

The NAV of LIC MF Banking & PSU Debt Fund Direct Growth, as of 27-Mar-2025, is ₹36.59.

What are the returns of LIC MF Banking & PSU Debt Fund Direct Growth?

The fund has generated 8.54% over the last 1 year and 6.83% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of LIC MF Banking & PSU Debt Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 92.31% in bonds, and 7.42% in cash and cash equivalents.

Who manages the LIC MF Banking & PSU Debt Fund Direct Growth?

The fund managers responsible for LIC MF Banking & PSU Debt Fund Direct Growth are:-

Marzban Irani
Pratik Shroff

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹1,882 Cr

Expense Ratio

0.28%

ISIN

INF767K01GI4

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Moderate Risk