LIC MF Banking & Financial Services Fund
- NAV as on 25 Sep 2026
- ₹20.52+0.26%1 day
- Return since launch
- 6.4%
- 52-week range
- ₹19.04 — ₹22.82
- AUM
- ₹275 Cr
LIC MF Banking & Financial Services Fund is a Sectoral-Banking equity fund from LIC Mutual Fund with ₹275 Cr under management, launched in 2015. Over three years it has returned 2.2% a year, against 10.8% for its category. The expense ratio is 2.85% and the SEBI riskometer reading is Very High.
Performance
LIC MF Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.2% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -7.8% | −11.2 pts | 3.4% | -3.7% |
| 2Y | 0.1% | −2.3 pts | 2.4% | 2.0% |
| 3Y | 2.2% | −8.6 pts | 10.8% | 4.8% |
| 5Y | 6.8% | −2.9 pts | 9.6% | 9.1% |
| 7Y | 9.3% | −2.9 pts | 12.2% | 11.2% |
| 10Y | 8.4% | −2.9 pts | 11.3% | 10.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -7.2% | −2.2 pts | -5.0% | -3.9% |
| 3M | -4.4% | −0.9 pts | -3.5% | -3.4% |
| 6M | 4.3% | −3.1 pts | 7.4% | 7.3% |
| 1Y | 0.2% | −3.3 pts | 3.4% | 2.0% |
| 2Y | -0.9% | −2.3 pts | 1.4% | 1.2% |
| 3Y | 5.6% | −5.2 pts | 10.8% | 9.3% |
| 5Y | 7.7% | −1.9 pts | 9.6% | 8.7% |
| 7Y | 8.4% | −2.6 pts | 11.0% | 9.8% |
| 10Y | 7.3% | −4.0 pts | 11.3% | 10.1% |
Since launch (9 Mar 2015): 6.4%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 16.5% | −2.1 pts | 18.6% |
| 2024 | 0.5% | −11.5 pts | 12.0% |
| 2023 | 19.1% | −2.3 pts | 21.4% |
| 2022 | 14.2% | −2.3 pts | 16.5% |
| 2021 | 10.9% | −5.5 pts | 16.4% |
| 2020 | -0.5% | −0.4 pts | -0.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.86%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.15%
- Transaction charges
- 0.01%
- Statutory levies
- 0.60%
- Exit load
- Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -2.40 | 6.55 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.98 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.23 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.34 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.78 | 16.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Banking & Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.1%
- Other1.9%
Market cap split
- Large40.2%
- Mid37.4%
- Small22.4%
- P/E
- 22.56
- P/B
- 2.76
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 13.98% | ₹38.38 Cr | +12.94% | +12.62% | +12.29% |
| AU Small Finance Bank Ltd. | Financial | 7.36% | ₹20.19 Cr | +5.45% | +0.26% | — |
| Axis Bank Ltd. | Financial | 5.27% | ₹14.46 Cr | +10.25% | +8.44% | +6.50% |
| One97 Communications Ltd. | Services | 5.01% | ₹13.75 Cr | +2.75% | +1.17% | +1.29% |
| Bajaj Finance Ltd. | Financial | 5.00% | ₹13.72 Cr | +4.37% | +1.53% | — |
| PB Fintech Ltd. | Services | 4.92% | ₹13.51 Cr | +2.26% | +0.48% | — |
| Indusind Bank Ltd. | Financial | 4.87% | ₹13.37 Cr | +2.05% | — | — |
| HDFC Bank Ltd. | Financial | 4.75% | ₹13.04 Cr | +10.60% | +16.56% | +19.38% |
| City Union Bank Ltd. | Financial | 4.36% | ₹11.96 Cr | +1.25% | — | — |
| Shriram Finance Ltd | Financial | 4.22% | ₹11.59 Cr | +1.76% | +1.86% | +2.97% |
| Karur Vysya Bank Ltd. | Financial | 3.40% | ₹9.34 Cr | +3.03% | +0.78% | — |
| Nippon Life India Asset Management Ltd. | Financial | 3.36% | ₹9.22 Cr | +3.38% | +0.96% | +0.96% |
| BSE Ltd. | Services | 3.26% | ₹8.94 Cr | — | — | +0.46% |
| Motilal Oswal Financial Services Ltd. | Financial | 3.15% | ₹8.66 Cr | +2.38% | +1.81% | +1.07% |
| Aditya Birla Capital Ltd. | Financial | 3.03% | ₹8.33 Cr | +2.08% | +0.61% | — |
| DCB Bank Ltd. | Financial | 3.03% | ₹8.31 Cr | +1.82% | +1.78% | +2.19% |
| company:720 | Financial | 2.98% | ₹8.17 Cr | — | — | +0.38% |
| CreditAccess Grameen Ltd. | Financial | 2.70% | ₹7.42 Cr | +2.75% | +2.48% | +3.33% |
| Max Financial Services Ltd. | Financial | 2.58% | ₹7.09 Cr | +2.10% | +0.53% | — |
| 360 One Wam Ltd. | Financial | 2.44% | ₹6.70 Cr | +1.78% | +1.64% | +0.57% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 2.33% | ₹6.39 Cr | +2.52% | +0.19% | +0.97% |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.26% | ₹6.22 Cr | +1.91% | +1.88% | +0.84% |
| Aadhar Housing Finance Ltd | Financial | 2.02% | ₹5.54 Cr | +2.21% | +1.50% | +1.40% |
| Others | Others | 1.88% | ₹5.16 Cr | -0.22% | -4.03% | -2.44% |
| Aavas Financiers Ltd. | Financial | 1.84% | ₹5.04 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Axis Bank Ltd. | 8.90% | 5.27% | -3.63% |
| HDFC Bank Ltd. | 8.22% | 4.75% | -3.47% |
| company:720 | 0.00% | 2.98% | +2.98% |
| Power Finance Corporation Ltd. | 2.59% | 0.00% | -2.59% |
| SBI Life Insurance Company Ltd. | 1.99% | 0.00% | -1.99% |
| One97 Communications Ltd. | 3.14% | 5.01% | +1.87% |
| AU Small Finance Bank Ltd. | 5.76% | 7.36% | +1.60% |
| City Union Bank Ltd. | 3.00% | 4.36% | +1.36% |
| PB Fintech Ltd. | 3.68% | 4.92% | +1.24% |
| DCB Bank Ltd. | 1.83% | 3.03% | +1.20% |
| Shriram Finance Ltd | 3.08% | 4.22% | +1.14% |
| Motilal Oswal Financial Services Ltd. | 2.19% | 3.15% | +0.96% |
| Max Financial Services Ltd. | 1.78% | 2.58% | +0.80% |
| 360 One Wam Ltd. | 1.74% | 2.44% | +0.70% |
| CreditAccess Grameen Ltd. | 3.21% | 2.70% | -0.51% |
| Bajaj Finance Ltd. | 5.49% | 5.00% | -0.49% |
| BSE Ltd. | 3.68% | 3.26% | -0.42% |
| Aavas Financiers Ltd. | 2.02% | 1.84% | -0.18% |
| Aadhar Housing Finance Ltd | 2.18% | 2.02% | -0.16% |
| Ujjivan Small Finance Bank Ltd. | 2.39% | 2.26% | -0.13% |
| ICICI Bank Ltd. | 14.04% | 13.98% | -0.06% |
| Indusind Bank Ltd. | 4.93% | 4.87% | -0.06% |
| Aditya Birla Sun Life AMC Ltd. | 2.28% | 2.33% | +0.05% |
| Others | -0.12% | -0.15% | -0.03% |
| Nippon Life India Asset Management Ltd. | 3.39% | 3.36% | -0.03% |
| Aditya Birla Capital Ltd. | 3.05% | 3.03% | -0.02% |
| Karur Vysya Bank Ltd. | 3.41% | 3.40% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -0.6% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.2% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.19% | -3.1% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -2.7% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.7% | 15.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -4.7% | 8.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.
Fund managers
- Sudhanshu AsthanaMr. Asthana is a M.A (Economics) from Mumbai University and PGDM (Investment Management) from NMIMS.Prior to joining LIC MF, he has worked with UTI Mutual Fund, Tamohara Investment Managers, Axis Mutual Fund, Barclays Wealth Management, SBI Mutaul Fund, Quantum Mutual Fund and BRICS Securities Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months4.29% absolute | ₹60,000 | ₹62,574 | 4.29% | |
| 1 year0.16% annualised | ₹1,20,000 | ₹1,20,104 | 0.09% | |
| 3 years5.60% annualised | ₹3,60,000 | ₹3,92,841 | 9.12% | |
| 5 years7.73% annualised | ₹6,00,000 | ₹7,34,320 | 22.39% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.