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LIC MF Banking & PSU Debt Fund Direct Growth
DebtBanking & PSUModerate Risk
Direct
NAV (21-Nov-24)
₹35.540.02%1D
Returns (Since Inception)
7.43%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,875 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 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹35.54, Assets Under Management (AUM) of 1874.74 Crores, and an expense ratio of 0.28%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹35.54, Assets Under Management (AUM) of 1874.74 Crores, and an expense ratio of 0.28%.
- LIC MF Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.43% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 93.20% in debts, and 6.60% 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
+8.50%
+7.13% (Cat Avg.)
3 Years
+6.20%
+5.49% (Cat Avg.)
5 Years
+6.17%
+5.92% (Cat Avg.)
10 Years
+7.17%
+6.27% (Cat Avg.)
Since Inception
+7.43%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2024
| Debt | ₹1,747.31 Cr | 93.20% |
| Others | ₹127.43 Cr | 6.80% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹134.6 Cr | 7.31% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹81.66 Cr | 4.43% |
| Export-Import Bank Of India | Bond - Corporate Bond | ₹79.79 Cr | 4.33% |
| Axis Bank Ltd. ** # | Cash | ₹70.42 Cr | 3.82% |
| NLc India Limited | Bond - Corporate Bond | ₹63.89 Cr | 3.47% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹61.17 Cr | 3.32% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹60.46 Cr | 3.28% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹53.36 Cr | 2.90% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹52.97 Cr | 2.88% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹52.78 Cr | 2.87% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹52.4 Cr | 2.85% |
| Ntpc Limited | Bond - Corporate Bond | ₹52.15 Cr | 2.83% |
| National Housing Bank | Bond - Corporate Bond | ₹52 Cr | 2.82% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹51.47 Cr | 2.80% |
| National Housing Bank | Bond - Corporate Bond | ₹51.39 Cr | 2.79% |
| Bank Of Baroda | Bond - Corporate Bond | ₹50.99 Cr | 2.77% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹50.48 Cr | 2.74% |
| Reliance Utilities And Power Private Limited | Bond - Corporate Bond | ₹50.23 Cr | 2.73% |
| Hdfc Bank Ltd. ** # | Cash | ₹47.03 Cr | 2.55% |
| Nhpc Limited | Bond - Corporate Bond | ₹45.74 Cr | 2.48% |
| 07.71 GJ Sgs 2034 | Bond - Gov't/Treasury | ₹42.15 Cr | 2.29% |
| Rec Limited | Bond - Corporate Bond | ₹30.33 Cr | 1.65% |
| Treps | Cash - Repurchase Agreement | ₹30.23 Cr | 1.64% |
| National Highways Authority Of India | Bond - Corporate Bond | ₹27.34 Cr | 1.48% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹26.84 Cr | 1.46% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹26.75 Cr | 1.45% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹26.44 Cr | 1.44% |
| Net Receivables / (Payables) | Cash - Collateral | ₹-26.18 Cr | 1.42% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹26.14 Cr | 1.42% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹26.1 Cr | 1.42% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹26.1 Cr | 1.42% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹26.06 Cr | 1.42% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹25.98 Cr | 1.41% |
| Indian Railway Finance Corp Ltd. 7.39% | Bond - Gov't Agency Debt | ₹25.97 Cr | 1.41% |
| 07.47 MH Sdl 2034 | Bond - Gov't/Treasury | ₹25.95 Cr | 1.41% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.79 Cr | 1.40% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.69 Cr | 1.40% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.47 Cr | 1.38% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹25.45 Cr | 1.38% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.33 Cr | 1.38% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.07 Cr | 1.36% |
| Rec Limited 7.34% | Bond - Corporate Bond | ₹25.04 Cr | 1.36% |
| 07.70 MH Sgs 2033 | Bond - Gov't/Treasury | ₹21 Cr | 1.14% |
| 07.72 MH Sdl 2034 | Bond - Gov't/Treasury | ₹16.16 Cr | 0.88% |
| GAil (India) Limited | Bond - Corporate Bond | ₹16.05 Cr | 0.87% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹15.16 Cr | 0.82% |
| Maharashtra (Government of) 7.42% | Bond - Sub-sovereign Government Debt | ₹10.32 Cr | 0.56% |
| SBI CDMDF--A2 | Mutual Fund - Open End | ₹3.67 Cr | 0.20% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹1,378.91 Cr | 74.88% |
| Bond - Gov't/Treasury | ₹301.03 Cr | 16.35% |
| Cash | ₹117.45 Cr | 6.38% |
| Cash - Repurchase Agreement | ₹30.23 Cr | 1.64% |
| Cash - Collateral | ₹-26.18 Cr | 1.42% |
| Bond - Gov't Agency Debt | ₹25.97 Cr | 1.41% |
| Bond - Sub-sovereign Government Debt | ₹10.32 Cr | 0.56% |
| Mutual Fund - Open End | ₹3.67 Cr | 0.20% |
| Cash - CD/Time Deposit | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
1.04%
Cat. avg.
1.50%
Lower the better
Sharpe Ratio
This fund
0.05
Cat. avg.
-0.52
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.41
Higher the better
Fund Managers
Marzban Irani
Since August 2016
PS
Pratik Shroff
Since September 2023
Additional Scheme Detailsas of 15th November 2024
ISIN INF767K01GI4 | Expense Ratio 0.28% | Exit Load No Charges | Fund Size ₹1,875 Cr | Age 11 years 10 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% | ₹13429.06 Cr | 7.9% |
| Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹13429.06 Cr | 7.6% |
| Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹586.11 Cr | 7.7% |
| Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹586.11 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 Moderate Risk | 0.7% | 0.0% | ₹247.92 Cr | 7.7% |
| Canara Robeco Banking and PSU Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹247.92 Cr | 8.1% |
| 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
Total AUM
₹30,860 Cr
Address
4th Floor, Industrial Assurance Building, Mumbai, 400 020
Other Funds by LIC Mutual Fund
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 21-Nov-2024, is ₹35.54.
What are the returns of LIC MF Banking & PSU Debt Fund Direct Growth?
The fund has generated 8.50% over the last 1 year and 6.20% 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, 93.20% in bonds, and 6.60% 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.