LIC MF Banking & PSU Fund-Growth

Q: What are the returns of LIC MF Banking & PSU Fund?

The LIC MF Banking & PSU Fund is a 18 yrs 3 m old fund and has delivered average annual returns of 7.11% since inception. LIC MF Banking & PSU Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.93% 7.03% 5.44% 6.71% 7.11%

Previously called: LIC MF Banking & PSU Debt-G

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹35.0974+0.07% 1 day change	7.11% p.a.	App exclusive #NA View Ranked Funds	₹1,702 Cr

Historical NAV & returns

NAV: ₹35.0974 as on Sep 03, 2025

This fund Category average

LIC MF Banking & PSU Fund overview

Expense ratio	0.78% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹1,702 Cr
Lock-in Period	Nil
Age	18 yrs 3 m since May 28, 2007
Benchmark	Nifty Banking & PSU Debt Index A-II
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

LIC MF Banking & PSU 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%

Trailing returns as on Sep 04, 2025

Period	This fund	Category average
1 Month	-0.27%	-0.25%
3 Months	0.28%	0.39%
6 Months	4.6%	4.31%
1 Year	7.93%	7.71%
2 Years	7.63%	7.57%
3 Years	7.03%	7.07%
4 Years	5.85%	5.97%
5 Years	5.44%	5.77%
7 Years	6.72%	7.08%
10 Years	6.71%	7.11%

Asset allocationas on Mar 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 75.71712924%

SOV 16.1812117%

A1+ 6.46989802%

Cash & Call Money 1.34918449%

Top Debt Holdings

REC Ltd. 7.13%

National Housing Bank 5.47%

Small Industries Devp. Bank of India Ltd. 4.13%

Gujarat State 3.66%

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 0.25%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Banking & PSU Fund	N.A.	1,702 Cr	18 yrs 3 m	0.78%
ICICI Prudential Banking & PSU Debt Fund	N.A.	10,485 Cr	15 yrs 8 m	0.73%
Axis Banking & PSU Debt Fund	N.A.	13,313 Cr	13 yrs 3 m	0.63%
Bandhan Banking and PSU Fund	N.A.	13,580 Cr	12 yrs 6 m	0.63%
Aditya Birla Sun Life Banking & PSU Debt Fund	N.A.	8,826 Cr	17 yrs 4 m	0.73%

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Banking & PSU Fund	-0.27%	4.6%	7.93%	7.03%	5.44%	6.71%
ICICI Prudential Banking & PSU Debt Fund	-0.15%	4.2%	7.77%	7.45%	6.27%	7.49%
Axis Banking & PSU Debt Fund	-0.16%	4.35%	7.88%	6.99%	5.73%	7.23%
Bandhan Banking and PSU Fund	-0.12%	4.08%	7.58%	7.08%	5.74%	7.18%
Aditya Birla Sun Life Banking & PSU Debt Fund	-0.39%	4.22%	7.69%	7.18%	5.95%	7.51%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Banking & PSU Fund	1.33	3.19	0.38	0.65
ICICI Prudential Banking & PSU Debt Fund	0.88	1.77	1.04	1.62
Axis Banking & PSU Debt Fund	1.06	2.6	0.45	0.72
Bandhan Banking and PSU Fund	0.94	2.39	0.58	1.0
Aditya Birla Sun Life Banking & PSU Debt Fund	1.17	2.69	0.57	0.87

View all Banking And Psu funds

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

Alpha	6.41 vs. 4.01 Higher outperformance against benchmark
Sharpe	0.38 vs. 4.09 Poor risk-adjusted returns
Beta	3.19 vs. 1.73 More sensitive to market's ups & downs
Standard deviation	1.33 vs. 1.14 More volatile performance

Compare LIC MF Banking & PSU Fund in detail with

About this fund

About LIC MF Banking & PSU Fund

LIC MF Banking & PSU Fund-Growth is a Banking and PSU mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 18 yrs 3 m, having been launched on 28/05/2007. LIC MF Banking & PSU Fund-Growth has ₹1,702 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of LIC MF Banking & PSU Fund-Growth as of 03/09/2025 is ₹35.10. The fund has an expense ratio of 0.78%, which is higher than what most other Banking And Psu funds charge.

LIC MF Banking & PSU Fund-Growth returns of last 1-year are 7.96%. Since launch, it has delivered 7.11% average annual returns. The fund has doubled the money invested in it every 11 yrs.
LIC MF Banking & PSU Fund-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in REC Ltd., National Housing Bank, Small Industries Devp. Bank of India Ltd., Gujarat State, Axis Bank Ltd..

...

Fund AUM	1,702 Cr as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Marzban Irani

Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai. Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.

Pratik Harish Shroff

Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities

Investment objective

The Scheme seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

LIC Mutual Fund details

No. of schemes	30 view all schemes
Total AUM	38,854 Cr as on Jun 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	3Y
LIC MF Medium to Long Duration Fund	N.A.	191 Cr	6.61%	6.99%
LIC MF Liquid Fund	N.A.	9,367 Cr	6.82%	6.94%
LIC MF Low Duration Fund	N.A.	1,450 Cr	7.27%	6.74%
LIC MF Short Duration Fund	N.A.	111 Cr	7.49%	6.66%
LIC MF Ultra Short Duration Fund	N.A.	307 Cr	6.83%	6.41%

See all Debt funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the LIC MF Banking & PSU Fund - Direct Growth plan is approximately ₹35.0974 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The LIC MF Banking & PSU Fund is a 18 yrs 3 m old fund and has delivered average annual returns of 7.11% since inception.

LIC MF Banking & PSU Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.93%	7.03%	5.44%	6.71%	7.11%

How much does this mutual fund charge as expense ratio?

The LIC MF Banking & PSU Fund - Direct Growth has an expense ratio of 0.78%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The LIC MF Banking & PSU Fund currently has assets under management (AUM) or fund size valued at approximately 1,702 Cr as on Mar 31, 2025.

To whom does LIC MF Banking & PSU Fund lend to?

The top 3 debt holdings of LIC MF Banking & PSU Fund are as follows

Holding Name	Percentage of Portfolio
REC Ltd.	7.13%
National Housing Bank	5.47%
Small Industries Devp. Bank of India Ltd.	4.13%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The LIC MF Banking & PSU Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	75.71712924%
SOV	16.1812117%
A1+	6.46989802%

What is risk level of LIC MF Banking & PSU Fund?

This is a Banking And Psu fund comes with Moderate risk.

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

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

How do I invest in LIC MF Banking & PSU Fund?

LIC MF Banking & PSU Fund-Growth is the regular plan of the fund. For this plan of you pay 0.78% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.28%. That's 0.5% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 0.5% if you opt for direct plan of LIC MF Banking & PSU Fund

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

Redeeming your investments in LIC MF Banking & PSU Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in LIC MF Banking & PSU Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Banking and PSU

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 1 Year.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.