LIC MF Banking & Financial Services Fund(D)-Direct Plan

LIC MF Banking & Financial Services Fund(D)-Direct Plan
Dividend Yearly
NA
Category
Equity - Banking
52-week NAV high
12.68  (As on 04-12-2019)
52-week NAV low
10.09  (As on 10-12-2018)
Expense
1.49%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 4.58 14.99 1.93 22.40 -0.88 8.44 9.68 - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Mar 27, 2015
Last Dividend
NA
Minimum Investment
5000

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:

Type of fund

An open-ended equity scheme that invests in banking and financial sectors.

Plans available

  • LIC MF Banking And Financial Services Fund - Regular Plan
  • LIC MF Banking And Financial Services Fund - Direct Plan

Options under each plan

  • LIC MF Banking And Financial Services Fund - Regular Plan - Growth Plan
  • LIC MF Banking And Financial Services Fund - Regular Plan - Dividend Plan
    • Dividend Payout Option
    • Dividend Reinvestment Option
  • LIC MF Banking And Financial Services Fund - Direct Plan - Growth Plan
  • LIC MF Banking And Financial Services Fund - Direct Plan - Dividend Plan
    • Dividend Payout Option
    • Dividend Reinvestment Option

Risk

High

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

Minimum additional investment

Rs.500 and in multiples of Re.1 subsequently

Minimum instalment for Systematic Investment Plan (SIP)

  • Daily basis: Minimum amount: Rs.300 per instalment and in multiples of Re.1 subsequently
  • Monthly basis: Minimum amount: Rs.1,000 per instalment and in multiples of Re.1 subsequently
  • Quarterly basis: Minimum amount: Rs.3,000 per instalment and in multiples of Re.1 subsequently

Minimum instalment for Systematic Withdrawal Plan (SWP)

  • Monthly basis: Minimum amount: Rs.500 and in multiples of Re.1 subsequently
  • Quarterly basis: Minimum amount: Rs.500 and in multiples of Re.1 subsequently

Minimum instalment for Systematic Transfer Plan (STP)

Rs.100 per instalment and in multiples of Re.1 subsequently

Entry Load

N/A

Exit Load

  • If the units are redeemed or switched out on or before the completion of 1 year from the date on which they are allotted: 1%
  • If units are redeemed or switched out after the completion of 1 year from the date on which they are allotted: Nil

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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