NAV on (04 May 2026 )
₹23.68 ▲
(+0.58%)
Fund Size
₹239.4 Crores
1Y Returns
6.52 %
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that in invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.
LIC Mutual Fund Asset Management Limited
Launch Date
March 9, 2015
Fund Manager
Mr. Sudhanshu Asthana
Initial Price
10
AUM Fund
239.4 Cr
Min investment
Rs 5000
Expense Ratio
1.2%
Daily - Rs. 100/- and in multiples of Re.1/- thereafter. Minimum 60 installments.Monthly - Rs. 200/- and in multiples of Re.1/- thereafter. Minimum 30 installments.Quarterly - Rs. 1000/- and in multiples of Re.1/- thereafter. Minimum 6 installments.
12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units.1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units.Nil, if redeemed or switched out after completion of 90 days from the date of allotment of units.
1 Month
+7.45%
6 Months
-3.57%
1 Year
+6.52%
2 Years (CAGR)
+6.06%
3 Years (CAGR)
+11.17%
5 Years (CAGR)
+12.87%
| Equity / Mid Cap funds | 1Y | 3Y | Fund Size (Cr) |
|---|---|---|---|
| 35.05% | 0.00% | ₹239.4 | |
| 29.79% | 38.22% | ₹10.36 | |
| 29.20% | 102.73% | ₹2148.17 | |
| 29.19% | 102.66% | ₹3670.36 | |
| 27.70% | 23.26% | ₹6720.99 |
Q: What is the current NAV of LIC MF Banking & Financial Services Fund - Direct Plan - IDCW?
A: The latest NAV of LIC MF Banking & Financial Services Fund - Direct Plan - IDCW is ₹ 23.68 as on 04 May 2026.
Q: What type of mutual fund is LIC MF Banking & Financial Services Fund - Direct Plan - IDCW?
A: LIC MF Banking & Financial Services Fund - Direct Plan - IDCW is a 'Equity - Banking' type mutual fund managed by 'LIC Mutual Fund Asset Management Limited'.
Q: What is the expense ratio of LIC MF Banking & Financial Services Fund - Direct Plan - IDCW?
A: The expense ratio of LIC MF Banking & Financial Services Fund - Direct Plan - IDCW is 1.2%, which impacts overall returns.
Q: Who manages LIC MF Banking & Financial Services Fund - Direct Plan - IDCW?
A: LIC MF Banking & Financial Services Fund - Direct Plan - IDCW is managed by Mr. Sudhanshu Asthana, who oversees investment strategy and portfolio decisions.
Q: Is LIC MF Banking & Financial Services Fund - Direct Plan - IDCW a good investment?
A: LIC MF Banking & Financial Services Fund - Direct Plan - IDCW may be suitable depending on your financial goals, risk appetite, and investment horizon. Always evaluate fund performance and consult a financial advisor.
Q: What is the exit load of LIC MF Banking & Financial Services Fund - Direct Plan - IDCW?
A: The exit load of LIC MF Banking & Financial Services Fund - Direct Plan - IDCW is 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units.1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units.Nil, if redeemed or switched out after completion of 90 days from the date of allotment of units., applicable if redeemed within the specified period.
Q: How is LIC MF Banking & Financial Services Fund - Direct Plan - IDCW taxed?
A: Taxation depends on the fund type (equity/debt) and holding period as per Indian tax laws.
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