LIC MF Banking and Financial Services Fund-Dividend Plan-IDCW Payout
LIC Mutual Fund
₹20.06 (+1.05%)
NAV as of 9 Oct 2026
Minimum Investment: ₹5,000
Return
-5.61% Returns for 1Y
Expense ratio & Others
- Net expense ratio
- 2.29%
- Exit load
- 0%
- Lock-in
- No
- Minimum investment
- ₹5,000
- Category
- Sector - Financial Services
Expense ratio is inclusive of GST. Returns may be taxed based on the fund type and your holding period — please read the scheme-related documents and consult a tax advisor. Figures are historical and do not guarantee future results.
Fund Returns Estimator
One-time investment
₹1,000
6 months
₹973
Invested ₹1,000
▼-2.71%1 year
₹944
Invested ₹1,000
▼-5.61%3 years
₹1,050
Invested ₹1,000
▲+5.00%5 years
₹1,074
Invested ₹1,000
▲+7.42%
Based on the fund’s historic trailing returns — a planning illustration, not a guarantee of future results.
Invest One-TimePlan it your way
The figures above are fixed to this fund’s past returns over set periods. Use a calculator to set your own amount, tenure and expected rate of return.
Risk level
Riskometer scale
- Low
- Low to Moderate
- Moderate
- Moderate to High
- High
- Very HighThis fund
Riskometer level assigned by the fund house as per SEBI norms. It can change as the scheme’s portfolio changes.
Fund benchmark
| Primary Index Name | Nifty Financial Services TR INR |
|---|---|
| Secondary Index Name | Nifty Financial Services TR INR |
| Index Name | Nifty Financial Services TR INR |
| Weighting | 100% |
Returns
| 1Y | 3Y | 5Y | 10Y | |
|---|---|---|---|---|
| Fund returns (%) | -5.61% | +5.00% | +7.42% | — |
| Cumulative returns (%) | -5.61% | +15.76% | +43.04% | +93.29% |
Fund Manager
| Manager | Sudhanshu Asthana |
|---|---|
| Role | Manager |
| Manager Tenure | 0.48 yrs |
About Fund
| Date of Incorporation | 27 Mar 2015 |
|---|---|
| Fund House | LIC Mutual Fund |
| Custodian | Standard Chartered Bank - India |
| Registrar / Transfer Agent | LIC Mutual Fund Asset Management Limited |
| Address | Standard Chartered Bank - India |
Top Holdings
| Company | Weightage (%) |
|---|---|
| ICICI Bank Ltd | 13.98% |
| AU Small Finance Bank Ltd | 7.36% |
| Kotak Mahindra Bank Ltd | 6.89% |
| Kotak Mahindra Bank Ltd | 5.78% |
| State Bank of India | 5.69% |
| Axis Bank Ltd | 5.27% |
| MAS Financial Services Ltd Ordinary Shares | 5.09% |
| One97 Communications Ltd | 5.01% |
| Bajaj Finance Ltd | 5.00% |
| PB Fintech Ltd | 4.92% |
| IndusInd Bank Ltd | 4.87% |
| HDFC Bank Ltd | 4.75% |
| City Union Bank Ltd | 4.36% |
| Shriram Finance Ltd | 4.22% |
| BSE Ltd | 3.68% |
| Karur Vysya Bank Ltd | 3.41% |
| Nippon Life India Asset Management Ltd Ordinary Shares | 3.39% |
| CreditAccess Grameen Ltd Ordinary Shares | 3.01% |
| SBI Cards and Payment Services Ltd Ordinary Shares | 2.83% |
| Power Finance Corp Ltd | 2.75% |
| IIFL Finance Ltd | 2.23% |
| Piramal Finance Ltd | 2.20% |
| TVS Holdings Ltd | 2.19% |
Investment Strategy
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. The data shown is for information only and does not constitute investment advice.