Widely used:
Analyst’s Choice
Value Research Rating
Analyst’s Choice
Riskometer
Moderate
₹32.3679 0.01%
As on 13-Aug-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
LIC MF Banking & PSU Fund
|
|
|
Moderate
|
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0.78 |
|
 |
|
Moderate
|
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0.63 |
||
|
|
Moderate
|
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0.73 |
||
 |
|
Moderate
|
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0.74 |
||
|
|
Moderate
|
Please wait... |
0.79 |
₹1,507 Cr
--
5,000
500
1,000
12
Investment Strategy
The Scheme seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Suitability
"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."
Capital Gains Taxation
Dividend Taxation
LIC MF Banking & PSU Debt Fund is mandated to invest at least 80 per cent of its assets in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.
Mutual funds can be bought directly from the website of the fund house. For instance, LIC MF Banking & PSU Fund fund can be purchased from the website of LIC Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of LIC MF Banking & PSU Fund is ₹32.3679 as of 14-Aug-2024.
The AUM of LIC MF Banking & PSU Fund Fund is ₹1,507 Cr as of 31-Jul-2024
The riskometer level of LIC MF Banking & PSU Fund is Moderate. See More
| Company | Percentage of Portfolio |
|---|---|
|
GOI Sec 7.10 08/04/2034 |
5.15
|
|
Small Industries Devp. Bank of India Ltd SR VI NCD 7.75 27/10/2025 |
4.23
|
|
Power Grid Corporation of India Ltd Debenture 7.36 18/10/2026 |
3.85
|
|
Bank Of Baroda SR I Debenture 7.39 17/08/2029 |
3.55
|
|
Power Grid Corporation of India Ltd SR-LVIII Bonds 7.89 09/03/2027 |
3.46
|
As of 31-Jul-2024, LIC MF Banking & PSU Fund had invested 99.59% in Debt and 0.41% in Cash & Cash Eq. See More
LIC MF Banking & PSU Fund is 17 years 2 months old. It has delivered 7.06% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
7.22%
|
5.13%
|
5.62%
|
6.33%
|
6.58%
|
7.06%
|
No, There is no lock in period in LIC MF Banking & PSU Fund.
The expense ratio of LIC MF Banking & PSU Fund is 0.78.
Mutual Funds 
LIC MF LIC MF Banking & PSU Fund
