LIC MF Banking & PSU Debt Fund
- NAV as on 25 Sep 2026
- ₹36.95-0.05%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹35.28 — ₹37.01
- AUM
- ₹1,649 Cr
LIC MF Banking & PSU Debt Fund is a Banking and PSU debt fund from LIC Mutual Fund with ₹1,649 Cr under management, launched in 2007. Over three years it has returned 6.2% a year, against 6.7% for its category. The expense ratio is 0.65% and the SEBI riskometer reading is Low to Moderate.
Performance
LIC MF Banking & PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.7% against +4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.8% | +0.2 pts | 4.7% | 4.6% |
| 2Y | 5.5% | +0.2 pts | 5.3% | 5.3% |
| 3Y | 6.2% | −0.5 pts | 6.7% | 6.1% |
| 5Y | 6.3% | +0.5 pts | 5.8% | 6.3% |
| 7Y | 5.9% | −0.2 pts | 6.1% | 6.1% |
| 10Y | 6.2% | −0.5 pts | 6.7% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.2% | +0.1 pts | 0.1% | 0.1% |
| 3M | 0.6% | +0.1 pts | 0.6% | 0.6% |
| 6M | 3.2% | +0.2 pts | 3.0% | 3.0% |
| 1Y | 4.7% | +0.1 pts | 4.7% | 4.6% |
| 2Y | 6.2% | +0.1 pts | 6.1% | 6.1% |
| 3Y | 6.7% | +0.1 pts | 6.7% | 6.7% |
| 5Y | 5.7% | −0.1 pts | 5.8% | 5.8% |
| 7Y | 5.9% | −0.5 pts | 6.4% | 6.3% |
| 10Y | 6.4% | −0.2 pts | 6.7% | 6.6% |
Since launch (28 May 2007): 7.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | −0.2 pts | 7.7% |
| 2024 | 7.7% | −0.5 pts | 8.2% |
| 2023 | 6.5% | −0.5 pts | 7.0% |
| 2022 | 3.1% | −0.8 pts | 3.9% |
| 2021 | 2.6% | −1.2 pts | 3.8% |
| 2020 | 8.6% | −1.9 pts | 10.5% |
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
0.65%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.57%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.07%
- Exit load
- Exit load of 0.50% if redeemed within 90 days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Banking & PSU Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.57 | 0.92 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.99 | 1.55 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.60 | 1.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Banking & PSU Debt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt96.7%
- Other3.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Indian Railway Finance Corporation Ltd. | Financial | 5.87% | ₹96.85 Cr | +8.19% | +8.60% | +4.29% |
| Power Finance Corporation Ltd. | Financial | 5.65% | ₹93.22 Cr | +4.23% | +4.09% | +8.37% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.61% | ₹92.43 Cr | +8.51% | +8.28% | +5.80% |
| REC Ltd. | Financial | 4.63% | ₹76.39 Cr | +4.20% | +4.25% | +4.26% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 3.81% | ₹62.86 Cr | +1.40% | +1.41% | +1.41% |
| NLC India Ltd. | Energy | 3.76% | ₹61.94 Cr | +3.31% | +3.48% | +3.35% |
| Others | Others | 3.59% | ₹59.18 Cr | +0.88% | +0.85% | +0.80% |
| National Highways Authority of India Ltd. | Services | 3.25% | ₹53.61 Cr | +5.71% | +5.56% | +5.77% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 3.15% | ₹51.91 Cr | +2.76% | +2.72% | +2.80% |
| Bharti Telecom Ltd. | Communication | 3.12% | ₹51.49 Cr | +2.75% | — | — |
| Housing & Urban Development Corporation Ltd. | Financial | 3.03% | ₹49.97 Cr | +2.83% | +2.75% | +2.64% |
| Reserve Bank of India | Financial | 3.01% | ₹49.59 Cr | +2.70% | — | — |
| Export-Import Bank Of India | Financial | 2.99% | ₹49.28 Cr | +1.11% | +1.08% | +3.33% |
| HDFC Bank Ltd. | Financial | 2.97% | ₹49.03 Cr | +2.62% | +2.52% | +2.48% |
| Kotak Mahindra Bank Ltd. | Financial | 2.96% | ₹48.84 Cr | +1.33% | +1.28% | — |
| Bank Of Baroda | Financial | 2.96% | ₹48.81 Cr | +2.61% | +2.51% | — |
| ICICI Bank Ltd. | Financial | 2.95% | ₹48.67 Cr | +2.60% | +2.50% | — |
| National Bank For Financing Infrastructure And Development | Financial | 2.93% | ₹48.35 Cr | +2.58% | +2.49% | — |
| Indian Bank | Financial | 2.87% | ₹47.30 Cr | — | — | — |
| Canara Bank | Financial | 2.00% | ₹33.04 Cr | +5.19% | +5.01% | — |
| Jio Credit Ltd. | Financial | 1.60% | ₹26.38 Cr | +2.82% | +2.72% | — |
| company:5500 | Financial | 1.47% | ₹24.29 Cr | +2.59% | +2.50% | +3.88% |
| GOI | Sovereign | 1.32% | ₹21.69 Cr | +0.87% | +1.69% | +2.69% |
| company:407 | Financial | 0.90% | ₹14.84 Cr | — | — | +1.36% |
| National Bank For Agriculture & Rural Development | Financial | 0.61% | ₹10.10 Cr | +2.15% | +2.10% | +0.53% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| National Highways Authority of India Ltd. | 5.73% | 3.25% | -2.48% |
| GOI | 3.38% | 1.32% | -2.06% |
| Bank Of Baroda | 1.26% | 2.96% | +1.70% |
| HDFC Bank Ltd. | 1.33% | 2.97% | +1.64% |
| company:5500 | 0.00% | 1.47% | +1.47% |
| Karnataka State | 1.39% | 0.00% | -1.39% |
| Tata Capital Housing Finance Ltd. | 1.33% | 0.00% | -1.33% |
| Jio Credit Ltd. | 2.80% | 1.60% | -1.20% |
| Reserve Bank of India | 3.96% | 3.01% | -0.95% |
| company:407 | 0.00% | 0.90% | +0.90% |
| National Bank For Agriculture & Rural Development | 1.37% | 0.61% | -0.75% |
| Nuclear Power Corpn. Of India Ltd. | 3.35% | 3.81% | +0.46% |
| NLC India Ltd. | 3.32% | 3.76% | +0.44% |
| Small Industries Devp. Bank of India Ltd. | 2.84% | 3.22% | +0.38% |
| Bharti Telecom Ltd. | 2.74% | 3.12% | +0.38% |
| Kotak Mahindra Bank Ltd. | 2.60% | 2.96% | +0.37% |
| Indian Railway Finance Corporation Ltd. | 2.74% | 3.11% | +0.37% |
| ICICI Bank Ltd. | 2.59% | 2.95% | +0.36% |
| National Bank For Financing Infrastructure And Development | 2.57% | 2.93% | +0.36% |
| Indian Bank | 2.52% | 2.87% | +0.35% |
| Jamnagar Utilities and Power Pvt. Ltd. | 2.80% | 3.15% | +0.35% |
| Canara Bank | 1.76% | 2.00% | +0.24% |
| Power Finance Corporation Ltd. | 1.40% | 1.60% | +0.20% |
| Housing & Urban Development Corporation Ltd. | 1.32% | 1.51% | +0.18% |
| REC Ltd. | 1.40% | 1.54% | +0.14% |
| Export-Import Bank Of India | 0.56% | 0.63% | +0.08% |
| Others | 0.29% | 0.33% | +0.04% |
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 | ₹5,539 Cr | 0.63% | 5.3% | 6.5% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.6% | 6.4% | 6.5% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,667 Cr | 0.74% | 4.8% | 6.3% | 6.6% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.5% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
 Franklin India Banking & PSU Debt Fund | ₹567 Cr | 0.49% | 5.7% | 6.8% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Fund managers
- Pratik Harish ShroffMr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance â IIM, CalcuttaPrior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
- Rahul SinghMr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
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 months3.17% absolute | ₹60,000 | ₹61,902 | 3.17% | |
| 1 year4.73% annualised | ₹1,20,000 | ₹1,23,119 | 2.60% | |
| 3 years6.73% annualised | ₹3,60,000 | ₹3,99,916 | 11.09% | |
| 5 years5.73% annualised | ₹6,00,000 | ₹6,96,189 | 16.03% |
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.