LIC MF Banking and Financial Services Fund-Regular Plan-Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Over 12 years of operational history across different market cycles.
- 5-Year CAGR of 8.13% demonstrates steady long-term compounding.
- Downside capture of 112% indicates larger drops during broader market downturns.
- Experienced a maximum drawdown of -46.3% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +6.81% | +6.32% | +0.49% |
| 3 Months | -1.62% | -0.20% | -1.42% |
| 6 Months | +2.52% | +5.98% | -3.46% |
| 1 Year | -2.91% | +3.90% | -6.81% |
| 3 Years CAGR | +6.86% | +13.23% | -6.37% |
| 5 Years CAGR | +8.13% | +10.72% | -2.59% |
| 7 Years CAGR | +8.89% | +15.35% | -6.46% |
| 10 Years CAGR | +7.51% | +14.26% | -6.75% |
| Since Inception | +6.77% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in LIC MF Banking and Financial Services Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | -3.89% | +4.03% | -7.92% |
| 2025 | +16.47% | +1.43% | +15.04% |
| 2024 | +0.46% | +20.41% | -19.95% |
| 2023 | +20.51% | +30.70% | -10.19% |
| 2022 | +19.55% | +1.66% | +17.89% |
| 2021 | +9.84% | +30.31% | -20.47% |
| 2020 | -2.10% | +13.54% | -15.64% |
| 2019 | +19.88% | +7.11% | +12.77% |
| 2018 | -18.00% | -5.94% | -12.06% |
| 2017 | +32.72% | +39.22% | -6.50% |
| 2016 | +10.52% | +4.10% | +6.42% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -36.39% | +10.13% | +9.41% | +78.92% | 71.3% | 40.3% |
| 3-Year Rolling | -14.64% | +8.68% | +9.38% | +29.49% | 89.2% | 9.0% |
| 5-Year Rolling | -6.52% | +8.69% | +9.07% | +22.44% | 92.3% | 0.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2017-11-03 | 2020-03-23 | -46.3% | 29 months | 10 months |
| 2015-08-06 | 2016-02-25 | -33.4% | 7 months | 6 months |
| 2021-10-26 | 2022-03-07 | -21.8% | 4 months | 6 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related securities of Banking and Financial Services Companies:80-100%, Equity & equity related instrument other than Banking & Financial Services Companies, Money market instruments, other liquid instruments, INVITs and mutual fund units including Gold / Silver ETFs:0-20%. Please refer the Scheme Information Document for complete details. | Per Scheme Mandate |
Investment Objective & Strategy
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking and financial services sector. There is no assurance that the investment objective of the Scheme will be realized.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 272 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as small relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Tata Housing Opportunities Fund | 3.0 | +6.94% | 2.59% | 123.3% | Rs 481 cr | Compare → |
| Tata Digital India Fund | 4.6 | +5.36% | 1.78% | 74.1% | Rs 10,130 cr | Compare → |
| Taurus Infrastructure Fund | 2.5 | +7.02% | 2.52% | 134.4% | Rs 8.50 cr | Compare → |
| Aditya Birla Sun Life Digital India Fund | 3.6 | +4.77% | 2.05% | 75.4% | Rs 3,869 cr | Compare → |
| Axis Quant Fund | 2.6 | +7.55% | 4.06% | 113.9% | Rs 796 cr | Compare → |
Frequently Asked Questions about LIC MF Banking and Financial Services Fund
What is the expense ratio of LIC MF Banking and Financial Services Fund?
LIC MF Banking and Financial Services Fund has a total expense ratio (TER) of 2.76% with a base expense ratio of 2.1%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages LIC MF Banking and Financial Services Fund?
LIC MF Banking and Financial Services Fund is managed by Sudhanshu Asthana (tenure: 0.6 years since 2026-04-07).
What are the historical returns of LIC MF Banking and Financial Services Fund?
LIC MF Banking and Financial Services Fund delivered a 3-year CAGR of 6.86% and a 5-year CAGR of 8.13%. Its 1-year return stands at -2.91%.
How large is LIC MF Banking and Financial Services Fund?
LIC MF Banking and Financial Services Fund manages assets of Rs 272 cr, placing it in the 'small' size band relative to Sectoral / Thematic peers.
How is LIC MF Banking and Financial Services Fund scored on MFIQ?
LIC MF Banking and Financial Services Fund holds an MFIQ Score of 2.2/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is LIC MF Banking and Financial Services Fund?
LIC MF Banking and Financial Services Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 16.63% with a maximum historical drawdown of -46.30%.