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

LIC MF Banking & Financial Services Fund-Reg(G)
Dividend Yearly
NA
Category
Equity - Banking
52-week NAV high
12.12  (As on 04-12-2019)
52-week NAV low
9.72  (As on 10-12-2018)
Expense
2.6%  (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 2.49 12.24 2.33 20.96 -2.35 6.45 9.01 - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Mar 27, 2015
Last Dividend
NA
Minimum Investment
5000

The LIC Mutual Fund is managed by LIC Mutual Fund Asset Management Limited and is backed by the Life Insurance Corporation (LIC) of India. LIC Mutual Fund Trustee Private Limited is the trustee to the LIC Mutual Fund.

The LIC MF Banking And Financial Services Fund is an open-ended equity scheme which invests in banking companies and financial companies.

Investment Objectives of the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option

The main objective of the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option is to facilitate the generation of long-term growth of capital through investments predominantly made in a portfolio of equity and instruments related to equity of banking companies and financial companies. The Growth scheme is suitable for the investors who are seeking long-term capital growth and are not looking for the generation of income at present.

Key Features of the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option

The key features of the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option can be listed as follows:

Type of fund

An open-ended equity scheme that invests in banking sectors 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 - Regular Plan - Growth Option

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 of allotment of the units: 1%
  • If units are redeemed or switched out after the completion of 1 year from the date of allotment of the units: Nil

Asset Allocation for the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option

Type of security

Indicative Allocations (percentage of total assets)

Risk Profile

Minimum

Maximum

High/Medium/Low

Equity and equity related instruments of banking sectors and financial service sectors

80%

100%

High

Debt and money market instruments

0%

20%

Low to Medium

NAV Disclosure and Benchmark of the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option

The NAV or Net Asset Value of each unit under the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option is required to be calculated. The same needs to be published as well by the end of every business day. The calculation is done on the basis of the recommendations of the SEBI (Mutual Fund) Regulations, 1996. The following formula is used for the purpose of calculation:

Net Asset Value (NAV) = Market value or Fair value of the investments under the scheme + Current assets - Current liabilities and provisions / Number of outstanding units under the scheme on the date of computation.

The NAV is calculated and rounded off up to 4 decimal places.

The benchmark of the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option is Nifty Financial Services Index.

LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option Fund Manager

The fund manager for the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option is Mr. Saravana Kumar. He is the Chief Investment Officer of LIC Mutual Fund Asset Management Limited and has been in the position since 30 April 2015.

Why should you invest in LIC MF Banking And Financial Services Fund - Regular Plan - Growth Option?

The LIC Mutual Fund is sponsored by the Life Insurance Corporation (LIC) of India. This makes the fund house very reliable and trustworthy. In addition to being backed by the LIC of India, it is one of the oldest and fastest growing mutual funds in India. If the main objective of investment of an investor is to facilitate the long-term growth of capital through investments made in equities of companies related to the banking sector and financial services sector, then the LIC MF Banking And Financial Services Fund - Regular Plan - Growth Scheme is one of the best options to invest in.

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