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LIC MF Banking & Financial Services Fund-Reg(D)

LIC MF Banking & Financial Services Fund-Reg(D)
Dividend Yearly
NA
Category
Equity - Banking
52-week NAV high
11.38  (As on 29-08-2018)
52-week NAV low
8.98  (As on 08-10-2018)
Expense
2.46%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.60 7.21 17.25 0.02 -1.53 9.29 2.32 - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Mar 27, 2015
Last Dividend
NA
Minimum Investment
5000

Established on 20 April 1989 by Life Insurance Corporation (LIC) of India, LIC Mutual Fund is one of the most popular and trusted asset management companies in India. Since this company follows a high standard of corporate governance and financial ethics along with a systematic investment discipline, it has carved a niche for itself in the industry by earning the trust of numerous customers and delivering hope to millions of lives for the past 59 years. LIC is the largest insurance provider in the world and has provided insurance for over 250 million lives.

LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend is best suited for investors who seek long-term capital appreciation through investments in a portfolio of equity and equity-related instruments of stocks from companies that are involved in banking and financial services segment. While this scheme allocates 80-100% of its net assets in the equity and equity-related securities of companies in banking and financial services sector, 0-20% of the total assets of the company can also be invested in debt and money market securities.

Investment Objective of LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend

The primary objective of the LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend scheme to help investors generate long-term returns through investments in a portfolio of equity and equity-related securities of stocks from companies that are involved in the banking and financial services sector. Please note that the asset management company, LIC Mutual Fund, doesn’t guarantee that the investment objective of the scheme will be fulfilled.

Key Features of LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend

Learn about some of the significant features of LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend by checking out the table mentioned below:

Type of fund

An open-ended equity fund that invests in companies in the banking and financial services sector

Plans available

  • Direct Plan
  • Regular Plan

Options under each plan

  • Growth Option
  • Dividend Option
    • Dividend Reinvestment Facility
    • Dividend Payout Facility

The default investment option is the Growth Option. Under the Dividend Option, the default facility is the Dividend Reinvestment Facility.

Risk

High

Systematic Investment Plan

Available

Systematic Transfer Plan

Not available

Systematic Withdrawal Plan

Not available

Investment Amount for LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend

See the various investment amounts that are applicable to this scheme mentioned in the table below:

Minimum application amount

Daily or Monthly - Rs.5,000 and in multiples of Re.1 subsequently

Minimum additional investment

Rs.500 and in multiples of Re.1 subsequently

Minimum installment for Systematic Investment Plan (SIP)

  • Daily - Rs.300 and in multiples of Re.1 thereafter
  • Monthly - Rs.1,000 and in multiples of Re.1 subsequently
  • Quarterly - Rs.3,000 and in multiples of Re.1 thereafter

Entry Load

Not applicable

Exit Load

  • For switch-outs and redemptions on or before 1 year starting from the date of allotment of units - 1%
  • For switch-outs and redemptions after 1 year starting from the date of allotment of units - Nil

Asset Allocation for LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and equity-related securities of companies from the banking and financial services sector

80% to 100%

High

Debt and money market instruments

0% to 20%

Low to medium

Please note that the mutual fund may decide to invest up to 30% of the net assets of the scheme in securitised debts to meet the liquidity requirements of the plan. Furthermore, the asset allocation under this scheme towards the companies from the banking and financial services segment will be limited to a maximum of 20%.

NAV Disclosure and Benchmark for LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend

NAV - The applicable Net Asset Value (NAV) of units under this scheme is calculated for every business day since this amount is used to determine the purchase and redemption rates of the units based on the time of the day the application has been stamped.

Benchmark index - The benchmark index for the LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend scheme is Nifty Financial Services Index.

LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend Fund Manager

The fund manager of LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend Fund Manager is Mr. Saravana Kumar who has been offering his expertise and knowledge to investors since 17 April 2018 in order to help them select the right solution for them.

Why You Should Invest in LIC Mutual Fund Banking and Financial Services Fund - Regular Plan - Dividend

  • This scheme avoids lots of churn by using a steady approach for investment.
  • This mutual fund avoids crowded trades and is willing to stand out against prevailing market wisdom.
  • This plan is ideal for investors who are looking for capital growth in the long run, have at least 3 years of investment horizon, and are planning to add Banking and Financial Services Fund to their existing core portfolio.
  • Since the current market scenario favours the banks and financial institutions that have non-performing loans (NLPs) to the corporate and infrastructure sectors, it is a good idea to invest in this segment.
  • If you have a high risk appetite and can tolerate higher volatility compared to other diversified portfolios then you should invest in this scheme as it focuses on the liability franchise and customer profile.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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