LIC MF Banking & Financial Services Fund
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.
Growthvine rating: 1/5 — ranked #77 of 84 in category.
Fund basics
| Category | Equity: Sectoral |
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| NAV | ₹21.92 (as of 2026-08-21) |
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| AUM | ₹270 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Sudhanshu Asthana |
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| Exit load | For units in excess of 12% of the investment, 1% will be charged for redemption within 90 days |
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Performance & risk
| 5-year annualised return | 10.90% |
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| Sharpe ratio | 0.14 |
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| Standard deviation | 15.86% |
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| Max drawdown | -46.30% |
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| Alpha | -2.8 |
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| Beta | 0.98 |
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Over 5 years, captured 106.1% of NIFTY Financial Services's upside and 101.5% of its downside.
Market cap allocation
| Large cap | 49.0% |
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| Mid cap | 30.3% |
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| Small cap | 20.8% |
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Concentration
| Top 5 holdings | 42.4% |
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| Top 10 holdings | 61.5% |
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| Total holdings | 25 |
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Top holdings
- ICICI Bank Ltd. — 14.0%
- AXIS Bank Ltd. — 8.9%
- HDFC Bank Ltd. — 8.2%
- AU Small Finance Bank Limited — 5.8%
- Bajaj Finance Limited — 5.5%
- IndusInd Bank Ltd. — 4.9%
- PB Fintech Limited — 3.7%
- BSE Ltd. — 3.7%
- Karur Vysya Bank Ltd. — 3.4%
- NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED — 3.4%
Top sectors
- Banking & Financial — 65.8%
- Finance & Investments — 21.6%
- Technology — 6.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | -1.7% | Q4 (Bottom) | #60 of 76 |
| 2025 | 16.5% | Q1 (Top) | #11 of 69 |
| 2024 | 0.5% | Q4 (Bottom) | #58 of 58 |
| 2023 | 20.5% | Q4 (Bottom) | #42 of 48 |
| 2022 | 19.6% | Q1 (Top) | #3 of 46 |