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 #82 of 87 in category.
Fund basics
| Category | Equity: Sectoral |
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| NAV | ₹19.25 (as of 2026-10-23) |
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| AUM | ₹275 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 | 7.50% |
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| Sharpe ratio | 0.02 |
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| Standard deviation | 16.71% |
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| Max drawdown | −46.30% |
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| Alpha | -3.2 |
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| Beta | 1 |
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Over 5 years, captured 105.1% of NIFTY Financial Services's upside and 101.1% of its downside.
Market cap allocation
| Large cap | 40.7% |
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| Mid cap | 36.0% |
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| Small cap | 23.4% |
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Concentration
| Top 5 holdings | 36.6% |
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| Top 10 holdings | 58.1% |
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| Total holdings | 24 |
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Top holdings
- ICICI Bank Ltd. — 13.6%
- AU Small Finance Bank Limited — 7.3%
- AXIS Bank Ltd. — 5.3%
- One 97 Communications Limited — 5.2%
- HDFC Bank Ltd. — 5.1%
- Bajaj Finance Limited — 4.9%
- IndusInd Bank Ltd. — 4.6%
- City Union Bank Ltd — 4.6%
- Treps — 4.5%
- Shriram Finance Limited — 4.0%
Top sectors
- Banking & Financial — 63.8%
- Finance & Investments — 21.3%
- Technology — 8.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −13.7% | Q4 (Bottom) | #74 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 |