Item: LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl
Rating: 3
Author: Morningstar

Home › Mutual Funds › LIC Nomura Mutual Fund › LIC MF Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Cap Wdrl

17.836 (-0.096%)

NAV on June 09, 2023

Category Equity:
Sector - Financial Services

Investment StyleBox

Large Blend

Total Assets 157 cr

Turnover Ratio 28.01%

Expense Ratio 1.54%

Exit Load 1.00%if redeemed within
12 Days0.00%if redeemed after 12 Days

Returns

1M: 4.29%
1Y: 29.97%
3M: 8.09%
3Y: 25.92%
6M: 3.42%
5Y: 9.82%

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Jaiprakash Toshniwal (Since almost 2 years)

ISIN INF767K01NL4

Fund Family LIC Nomura

P/E Ratio 12.76

P/B Ratio 1.91

Launch Date March 27, 2015

Benchmark IISL Nifty Financial Services TR INR

RISK MEASURES (3 yrs)

vs IISL Nifty Financial Services TR INR

Alpha 1.57

Beta 0.90

R-Squared 93.00

Info Ratio -0.08

Tracking Err 5.86

Sortino 2.439

Sharpe 1.066

Std Dev 20.579

Risk Below Average

SECTOR WEIGHTINGS (%)

Financial 97.48%

Industrial 0.0%

Technology 0.0%

Basic Materials 0.0%

Consumer Cyclical 0.0%

Utilities Services 0.0%

Healthcare Services 2.52%

Energy Services 0.00%

Communication Services 0.00%

Consumer Defensive 0.00%

Real Estate 0.00%

INVESTMENT OBJECTIVE

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 & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

Top Rated
Top Performing

Top Sector Financial Services Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option	77.620	30.41%	707 cr	0.97%	Below Average
Invesco India Financial Services Fund Direct Plan Growth	101.420	27.06%	526 cr	1.08%	Low

Best Sector Financial Services Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Tata Banking & Financial Services Fund Direct Growth	33.711	30.68%	1,427 cr	0.57%	Low
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option	77.620	30.41%	707 cr	0.97%	Below Average
LIC MF Banking & Financial Services Fund Direct Growth	17.944	30.08%	157 cr	1.54%	Below Average
Nippon India Banking & Financial Services Fund Direct Plan - Growth	463.515	29.04%	4,200 cr	1.2%	Above Average
Mirae Asset Banking and Financial Services Fund Direct Growth	14.859	27.18%	1,320 cr	0.55%	-