LIC MF Banking & Financial Services Fund

Q: What are the returns of this mutual fund scheme?

The LIC MF Banking & Financial Services Fund is a 10 yrs 7 m old fund and has delivered average annual returns of 7.71% since inception. LIC MF Banking & Financial Services Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 13.83% 12.63% 17.9% 9.08% 7.71%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹21.9322+1.17% 1 day change	7.71% p.a.	App exclusive #NA View Ranked Funds	₹271 Cr

Historical NAV & returns

NAV: ₹21.9322 as on Oct 20, 2025

This fund Category average

LIC MF Banking & Financial Services Fund overview

AUM (Fund size)	₹271 Cr
Exit load	1.0% Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.!
Lock-in Period	Nil
Age	10 yrs 7 m since Mar 09, 2015
Benchmark	NIFTY Financial Services TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	2.45% as on Sep 30, 2025
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

LIC MF Banking & Financial Services Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Asset allocationas on Sep 30, 2025

Large Cap 59.07%

Mid Cap 13.87%

Small Cap 25.44%

Other Cap 0%

Top holdings

HDFC Bank Ltd.20.3%

ICICI Bank Ltd.12.85%

Axis Bank Ltd.6.94%

Kotak Mahindra Bank Ltd.6.64%

Top sectors

Financial 91.46%

Services 4.87%

Automobile 2.04%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 1.89855781%

Other Holdings

Others 1.9%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Banking & Financial Services Fund	5.97%	10.74%	13.83%	12.63%	17.9%	9.08%
Sundaram Financial Services Opportunities Fund	5.97%	4.68%	10.64%	18.52%	21.97%	14.36%
Nippon India Banking & Financial Services Fund	4.64%	6.8%	14.29%	18.38%	25.83%	13.97%
SBI Banking & Financial Services Fund	4.81%	11.41%	18.61%	19.31%	21.55%	16.75%
Invesco India Financial Services Fund	5.05%	9.6%	13.34%	20.89%	21.83%	15.32%
Tata Banking and Financial Services Fund	5.79%	7.55%	15.2%	18.32%	20.07%	16.13%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Banking & Financial Services Fund	13.1	0.93	0.42	1.06
Sundaram Financial Services Opportunities Fund	13.09	0.91	0.88	1.67
Nippon India Banking & Financial Services Fund	12.0	0.84	0.92	1.76
SBI Banking & Financial Services Fund	11.71	0.81	1.03	1.88
Invesco India Financial Services Fund	12.65	0.82	1.04	1.66
Tata Banking and Financial Services Fund	13.0	0.9	0.85	2.04

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Banking & Financial Services Fund	N.A.	271 Cr	10 yrs 7 m	2.45%
Sundaram Financial Services Opportunities Fund	N.A.	1,514 Cr	17 yrs 6 m	2.1%
Nippon India Banking & Financial Services Fund	N.A.	7,185 Cr	22 yrs 5 m	1.84%
SBI Banking & Financial Services Fund	N.A.	8,693 Cr	10 yrs 8 m	1.78%
Invesco India Financial Services Fund	N.A.	1,422 Cr	17 yrs 5 m	2.13%
Tata Banking and Financial Services Fund	N.A.	2,917 Cr	9 yrs 10 m	1.91%

View all Sectoral-banking funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.47 vs. 5.12 Underperformed at beating benchmark
Sharpe	0.42 vs. 3.91 Poor risk-adjusted returns
Beta	0.93 vs. 0.73 More sensitive to market's ups & downs
Standard deviation	13.1 vs. 7.62 More volatile performance

Compare LIC MF Banking & Financial Services Fund in detail with

About this fund

About LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund is a Sectoral-Banking mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 10 yrs 7 m, having been launched on 09/03/2015. LIC MF Banking & Financial Services Fund has ₹271 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of LIC MF Banking & Financial Services Fund as of 20/10/2025 is ₹21.93. The fund has an expense ratio of 2.45%, which is higher than what most other Sectoral-banking funds charge.

LIC MF Banking & Financial Services Fund returns of last 1-year are 10.04%. Since launch, it has delivered 7.48% average annual returns. The fund has doubled the money invested in it every 5 yrs.
LIC MF Banking & Financial Services Fund scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
The fund has the majority of its money invested in Financial, Services, Automobile sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., State Bank of India.

...

Fund AUM	271 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Jaiprakash Toshniwal

Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University. Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.

Investment objective

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.

LIC Mutual Fund details

No. of schemes	30 view all schemes
Total AUM	41,742 Cr as on Sep 30, 2025
Address	Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai, 400020
Email	br.mumbai@licmf.com
Phone	022-66016177 / 022-66016178

More funds from LIC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
LIC MF Infrastructure Fund	N.A.	1,025 Cr	4.77%	31.34%
LIC MF Small Cap Fund	N.A.	632 Cr	-1.39%	27.78%
LIC MF Midcap Fund	N.A.	335 Cr	2.8%	22.25%
LIC MF Dividend Yield Fund	N.A.	660 Cr	6.5%	22.16%
LIC MF Large & Mid Cap Fund	N.A.	3,047 Cr	3.71%	20.1%
LIC MF Value Fund	N.A.	195 Cr	0.44%	19.06%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of LIC MF Banking & Financial Services Fund?

The current Net Asset Value (NAV) of the LIC MF Banking & Financial Services Fund plan is approximately ₹21.9322 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The LIC MF Banking & Financial Services Fund is a 10 yrs 7 m old fund and has delivered average annual returns of 7.71% since inception.

LIC MF Banking & Financial Services Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
13.83%	12.63%	17.9%	9.08%	7.71%

How much does this mutual fund charge as expense ratio?

The LIC MF Banking & Financial Services Fund has an expense ratio of 2.45%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The LIC MF Banking & Financial Services Fund currently has assets under management (AUM) or fund size valued at approximately 271 Cr as on Sep 30, 2025.

What are the top stock holdings of LIC MF Banking & Financial Services Fund?

The LIC MF Banking & Financial Services Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	20.3%
ICICI Bank Ltd.	12.85%
Axis Bank Ltd.	6.94%
Kotak Mahindra Bank Ltd.	6.64%
State Bank of India	4.64%
MAS Financial Services Ltd.	4.49%
SBI Cards And Payment Services Ltd.	3.85%
Power Finance Corporation Ltd.	3.31%
Shriram Finance Ltd	3.11%
CreditAccess Grameen Ltd.	3.08%

What are the top sectors LIC MF Banking & Financial Services Fund has invested in?

The LIC MF Banking & Financial Services Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	91.46%
Services	4.87%
Automobile	2.04%

What is risk level of LIC MF Banking & Financial Services Fund?

This is a Sectoral-banking fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in LIC MF Banking & Financial Services Fund?

Redeeming your investments in the LIC MF Banking & Financial Services Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Sectoral-Banking

#NA

Return Outperformance: This fund has generated highest return amongst Sectoral-Banking funds in the last 1 Year.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.