The LIC MF Banking And Financial Services Fund - Direct Plan - Dividend option is offered by LIC Mutual Fund. First established in 1989, the LIC Mutual Fund is sponsored by the Life Insurance Corporation (LIC) of India. LIC Mutual Fund Asset Management Limited is the asset management company (AMC) for LIC Mutual Fund. The trustee to it is LIC Mutual Fund Trustee Private Limited.
The LIC MF Banking And Financial Services Fund is an open-ended equity scheme. It predominantly invests in banking and financial companies.
Investment Objective of the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend
The objective of investment of the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend scheme is the generation of long-term capital growth through investments that are made in equity and securities related to equity of the financial service sector and the banking sector.
The realisation of the investment objectives under the scheme is not guaranteed.
Key Features of the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend
The main features of the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend scheme are as follows:
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Type of fund |
An open-ended equity scheme that invests in banking and financial sectors. |
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Plans available |
|
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Options under each plan |
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Risk |
High |
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Systematic Investment Plan (SIP) |
Available |
|
Systematic Transfer Plan (STP) |
Available |
|
Systematic Withdrawal Plan (SWP) |
Available |
Investment Amount for the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend
|
Minimum application amount |
Rs.5,000 and in multiples of Re.1 subsequently |
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Minimum additional investment |
Rs.500 and in multiples of Re.1 subsequently |
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Minimum instalment for Systematic Investment Plan (SIP) |
|
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Minimum instalment for Systematic Withdrawal Plan (SWP) |
|
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Minimum instalment for Systematic Transfer Plan (STP) |
Rs.100 per instalment and in multiples of Re.1 subsequently |
|
Entry Load |
N/A |
|
Exit Load |
|
Asset Allocation for the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend
|
Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
High/Medium/Low |
|
|
Equity and equity related instruments of banking and financial service companies |
80% |
100% |
High |
|
Debt and money market instruments |
0% |
20% |
Low to Medium |
NAV Disclosure and Benchmark for the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend
The NAV or the Net Asset Value of each unit under the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend scheme is determined by finding out the quotient of the net assets of the scheme and the number of units which are outstanding on the day of valuation of the units. The net asset of the scheme can be found out by deducting the current liabilities and provisions of the scheme from the sum of the market or fair value of the investment of the scheme and the current assets under the scheme. The NAV is computed and disclosed by the end of every business day and is calculated up to 4 decimal places.
The benchmark of the LIC MF Banking and Financial Services Fund is Nifty Financial Services Index.
LIC MF Banking And Financial Services Fund - Direct Plan - Dividend Fund Manager
The LIC MF Banking And Financial Services Fund - Direct Plan - Dividend scheme is managed by Mr. Saravana Kumar. He is the Chief Investment Officer of LIC Mutual Fund Asset Management Limited and has been managing from the position since 30 April 2015.
Why should you invest in LIC MF Banking And Financial Services Fund - Direct Plan - Dividend?
LIC Mutual Fund offers a wide range of products for different investment needs of different investors. The LIC MF Banking And Financial Services Fund is offered by LIC Mutual Fund. It is meant for investors who are willing to take a high risk against long-term capital growth which is attained through investments made in banking sectors and financial service sectors. If the investment objective of the LIC MF Banking And Financial Services Fund - Direct Plan - Dividend scheme suits the financial needs of an investor, it is a great option to invest in.
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