LIC MF Banking & Financial Services Fund Growth Return
- 1M
- 3M
- 6M
- 1Y
- 3Y
- 5Y
This Fund:
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Showing Funds Performance since Sep 07, 2020
LIC MF Banking & Financial Services Fund Growth Fund Overview
Min. investment
SIP ₹200 & Lump. ₹5000
AUM (Fund size)
₹262 Cr
Lock In Period
N/A
Expense Ratio
2.41
Exit Load
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.
Benchmark
Nifty Financial Services Total Return
Summary
LIC MF Banking & Financial Services Fund Growth NAV is ₹20.4127 as of 21 May, 2026. LIC MF Banking & Financial Services Fund Growth has delivered 26.53% returns since its launch. The minimum SIP investment amount in LIC MF Banking & Financial Services Fund Growth is ₹200. The AUM of LIC MF Banking & Financial Services Fund Growth is ₹262 Cr. The expense ratio of the fund is 2.41%, and its benchmark is Nifty Financial Services Total Return. The current exit load of the fund 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.. In the last 1M months, LIC MF Banking & Financial Services Fund Growth has delivered -4.20% returns.
LIC MF Banking & Financial Services Fund Growth Calculate Returns
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Growth Review
| Duration | Fund Return(%) | Category Average(%) | Category Best(%) |
|---|---|---|---|
| 1M | -4.20 | -0.57 | 5.80 |
| 6M | -8.64 | 1.45 | 34.42 |
| 1Y | -0.18 | 4.75 | 39.48 |
| 3Y | 8.16 | 14.82 | 81.20 |
Portfolio Analysis
- Equity: 94.49%
- Debt: 5.51%
- Others
As on: 2026-04-30
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About Fund LIC MF Banking & Financial Services Fund Growth
LIC MF Banking & Financial Services Fund Growth managed by LIC Mutual Fund,is a Bankingscheme with Assets Under Management of ₹262 Crore. The fund benchmarks its performance against the Nifty Financial Services Total Return while maintaining an expense ratio of 2.41. Under the expert guidance of Sudhanshu Asthana ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.
Fund Managers
Sudhanshu Asthana
Mr. Sudhanshu holds M.A in Economics from Mumbai University and Diploma in Investment Management from NMIMS. He has over Over 13 years experience as an equity fund manager. His prior assignments includes Barclays Wealth India and SBI Fund Management.
Peer Comparison
| Fund Name | Ratings | AUM | Expense Ratio |
|---|---|---|---|
| Sahara Banking and Financial Services Fund Growth | 0 | 4.25 CR | 2.7 |
| LIC MF Banking & Financial Services Fund Growth | 1 | 262.05 CR | 2.41 |
| IDBI Banking & Financial Services Fund Growth | 0 | 86.62 CR | 2.5 |
| Fund Name | 1Y | 3Y |
|---|---|---|
| This FundSahara Banking and Financial Services Fund Growth | -39.1523 | -16.9794 |
| This FundLIC MF Banking & Financial Services Fund Growth | -0.1795 | 26.5347 |
| This FundIDBI Banking & Financial Services Fund Growth | 17.579 | 75.8939 |
LIC MF Banking & Financial Services Fund Growth FAQs
LIC MF Banking & Financial Services Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.
The expense ratio of LIC MF Banking & Financial Services Fund Growth is 2.41. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.
LIC MF Banking & Financial Services Fund Growth’s fund performance is as follows:
- 1 Month : -4.20%
- 6 Months : -8.64%
- 1 Year : -0.18%
- 3 Years : 8.16%
You can invest in LIC MF Banking & Financial Services Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.
The fund size (AUM) of LIC MF Banking & Financial Services Fund Growth is ₹262 crore. It changes based on market performance, inflows, and outflows.
You can track your investment in LIC MF Banking & Financial Services Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
