LIC MF Banking & PSU Debt Fund Regular Growth
DebtBanking & PSUModerate Risk
Regular
NAV (06-Sep-24)
₹32.540.02%1D
Returns (Since Inception)
7.07%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,507 Cr
Expense Ratio
0.78%
ISIN
INF767K01535
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
28 May 2007
About this fund
LIC MF Banking & PSU Debt Fund Regular Growth is a Banking & PSU mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 17 years, 3 months and 10 days, having been launched on 28-May-07.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹32.54, Assets Under Management (AUM) of 1506.87 Crores, and an expense ratio of 0.78%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹32.54, Assets Under Management (AUM) of 1506.87 Crores, and an expense ratio of 0.78%.
- LIC MF Banking & PSU Debt Fund Regular Growth has given a CAGR return of 7.07% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 98.08% in debts, and 1.69% in cash & cash equivalents.
- You can start investing in LIC MF Banking & PSU Debt Fund Regular 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
+7.42%
+6.69% (Cat Avg.)
3 Years
+5.20%
+5.15% (Cat Avg.)
5 Years
+5.61%
+5.88% (Cat Avg.)
10 Years
+6.60%
+6.29% (Cat Avg.)
Since Inception
+7.07%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹1,477.89 Cr | 98.08% |
| Others | ₹28.97 Cr | 1.92% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹116.47 Cr | 7.56% |
| Export-Import Bank of India 7.45% | Bond - Gov't Agency Debt | ₹78.26 Cr | 5.08% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹64.04 Cr | 4.16% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹58.39 Cr | 3.79% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹53.55 Cr | 3.48% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹52.46 Cr | 3.41% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹52.01 Cr | 3.38% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹51.97 Cr | 3.37% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹51.47 Cr | 3.34% |
| Ntpc Limited | Bond - Corporate Bond | ₹51.25 Cr | 3.33% |
| National Housing Bank | Bond - Corporate Bond | ₹51.14 Cr | 3.32% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹50.6 Cr | 3.28% |
| National Housing Bank | Bond - Corporate Bond | ₹50.56 Cr | 3.28% |
| Bank Of Baroda | Bond - Corporate Bond | ₹50.19 Cr | 3.26% |
| Nhpc Limited | Bond - Corporate Bond | ₹48.23 Cr | 3.13% |
| Rec Limited | Bond - Corporate Bond | ₹30.86 Cr | 2.00% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹27.71 Cr | 1.80% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹27.05 Cr | 1.76% |
| National Highways Authority Of India | Bond - Corporate Bond | ₹26.73 Cr | 1.73% |
| 07.72 MH Sgs 2031 | Bond - Gov't/Treasury | ₹26.64 Cr | 1.73% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹26.53 Cr | 1.72% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹26.46 Cr | 1.72% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹26.41 Cr | 1.71% |
| 07.47 MH Sdl 2034 | Bond - Gov't/Treasury | ₹26.32 Cr | 1.71% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹26.31 Cr | 1.71% |
| National Bank for Agriculture and Rural Development 7.62% | Bond - Gov't Agency Debt | ₹25.7 Cr | 1.67% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.65 Cr | 1.67% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.65 Cr | 1.67% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹25.5 Cr | 1.66% |
| Indian Railway Finance Corp Ltd. 7.39% | Bond - Gov't Agency Debt | ₹25.49 Cr | 1.65% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.26 Cr | 1.64% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.07 Cr | 1.63% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.05 Cr | 1.63% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.47 Cr | 1.59% |
| 07.70 MH Sgs 2033 | Bond - Gov't/Treasury | ₹21.37 Cr | 1.39% |
| 07.71 GJ Sgs 2034 | Bond - Gov't/Treasury | ₹16.05 Cr | 1.04% |
| 07.71 MH Sdl 2033 | Bond - Gov't/Treasury | ₹15.87 Cr | 1.03% |
| 07.72 MH Sdl 2034 | Bond - Gov't/Treasury | ₹15.81 Cr | 1.03% |
| GAil (India) Limited | Bond - Corporate Bond | ₹15.74 Cr | 1.02% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹14.9 Cr | 0.97% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹14.31 Cr | 0.93% |
| State Bank Of India | Bond - Corporate Bond | ₹10.83 Cr | 0.70% |
| 07.73 MH Sdl 2034 | Bond - Gov't/Treasury | ₹10.68 Cr | 0.69% |
| Maharashtra (Government of) 7.42% | Bond - Sub-sovereign Government Debt | ₹10.47 Cr | 0.68% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.07 Cr | 0.33% |
| Bank of Baroda | Bond - Corporate Bond | ₹4.83 Cr | 0.31% |
| SBI CDMDF--A2 | Mutual Fund - Open End | ₹3.64 Cr | 0.24% |
| Treps | Cash - Repurchase Agreement | ₹1.81 Cr | 0.12% |
| Net Receivables / (Payables) | Cash | ₹-0.3 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹1,107.46 Cr | 71.89% |
| Bond - Gov't/Treasury | ₹263.52 Cr | 17.11% |
| Bond - Gov't Agency Debt | ₹129.46 Cr | 8.40% |
| Cash - CD/Time Deposit | ₹24.47 Cr | 1.59% |
| Bond - Sub-sovereign Government Debt | ₹10.47 Cr | 0.68% |
| Mutual Fund - Open End | ₹3.64 Cr | 0.24% |
| Cash - Repurchase Agreement | ₹1.81 Cr | 0.12% |
| Cash | ₹-0.3 Cr | 0.02% |
Risk & Performance Ratios
Standard Deviation
This fund
1.04%
Cat. avg.
1.51%
Lower the better
Sharpe Ratio
This fund
-0.83
Cat. avg.
-0.61
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.54
Higher the better
Fund Managers
Marzban Irani
Since August 2016
PS
Pratik Shroff
Since September 2023
Additional Scheme Detailsas of 31st August 2024
ISIN | INF767K01535 | Expense Ratio | 0.78% | Exit Load | No Charges | Fund Size | ₹1,507 Cr | Age | 28 May 2007 | 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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% | ₹14211.17 Cr | 7.6% |
| Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹14211.17 Cr | 7.3% |
| Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹602.43 Cr | 7.4% |
| Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹602.43 Cr | 7.7% |
| 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% | ₹296.08 Cr | 7.2% |
| Canara Robeco Banking and PSU Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹296.08 Cr | 7.6% |
| 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
Total AUM
₹30,456 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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We're here to help.
What is the current NAV of LIC MF Banking & PSU Debt Fund Regular Growth?
The NAV of LIC MF Banking & PSU Debt Fund Regular Growth, as of 06-Sep-2024, is ₹32.54.
What are the returns of LIC MF Banking & PSU Debt Fund Regular Growth?
The fund has generated 7.42% over the last 1 year and 5.20% 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 Regular Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 98.08% in bonds, and 1.69% in cash and cash equivalents.
Who manages the LIC MF Banking & PSU Debt Fund Regular Growth?
The fund managers responsible for LIC MF Banking & PSU Debt Fund Regular 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 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.