LIC MF Banking & PSU Fund

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

The LIC MF Banking & PSU Fund is a 18 yrs 4 m old fund and has delivered average annual returns of 7.12% since inception. LIC MF Banking & PSU Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.9% 7.47% 5.5% 6.73% 7.12%

Q: How much does this mutual fund charge as expense ratio?

The LIC MF Banking & PSU Fund has an expense ratio of 0.78% , 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.

Previously called: LIC MF Banking & PSU Debt-G

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹35.5384+0.03% 1 day change	7.12% p.a.	App exclusive #NA View Ranked Funds	₹1,909 Cr

Historical NAV & returns

NAV: ₹35.5384 as on Oct 20, 2025

This fund Category average

LIC MF Banking & PSU Fund overview

AUM (Fund size)	₹1,909 Cr
Exit load	0%
Lock-in Period	Nil
Age	18 yrs 4 m since May 28, 2007
Benchmark	Nifty Banking & PSU Debt Index A-II
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.78% as on Sep 30, 2025
Plan type	Regular
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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.72%	0.76%
3 Months	1.14%	1.22%
6 Months	2.92%	2.95%
1 Year	7.9%	7.81%
2 Years	8.04%	7.96%
3 Years	7.47%	7.51%
4 Years	6.15%	6.26%
5 Years	5.5%	5.8%
7 Years	6.78%	7.16%
10 Years	6.73%	7.09%

Asset allocationas on Sep 30, 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 69.73658377%

SOV 15.33730306%

A1+ 13.71691703%

Cash & Call Money 0.94156691%

Top Debt Holdings

National Highways Authority of India Ltd. 7.2%

REC Ltd. 6.88%

Bank Of Baroda 3.77%

HDFC Bank Ltd. 3.73%

Allocation by Instruments

Debenture 32.409742689999995%

Non Convertible Debenture 18.217357429999996%

Bonds 14.79297926%

Certificate of Deposit 13.71691703%

Other Holdings

Others 0.27%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Banking & PSU Fund	0.72%	2.92%	7.9%	7.47%	5.5%	6.73%
ICICI Prudential Banking & PSU Debt Fund	0.77%	3.03%	7.98%	7.64%	6.29%	7.4%
Axis Banking & PSU Debt Fund	0.72%	3.09%	7.99%	7.39%	5.79%	7.22%
Bandhan Banking and PSU Fund	0.58%	2.89%	7.59%	7.3%	5.75%	7.17%
Sundaram Banking & PSU Fund	0.76%	3.07%	8.04%	7.69%	5.65%	6.66%
Aditya Birla Sun Life Banking & PSU Debt Fund	0.86%	2.92%	7.88%	7.59%	5.96%	7.46%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Banking & PSU Fund	1.25	3.0	0.63	1.1
ICICI Prudential Banking & PSU Debt Fund	0.87	1.84	1.11	1.68
Axis Banking & PSU Debt Fund	0.99	2.42	0.72	1.26
Bandhan Banking and PSU Fund	0.92	2.39	0.72	1.22
Sundaram Banking & PSU Fund	1.08	2.64	0.92	1.69
Aditya Birla Sun Life Banking & PSU Debt Fund	1.13	2.58	0.78	1.17

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Banking & PSU Fund	N.A.	1,909 Cr	18 yrs 4 m	0.78%
ICICI Prudential Banking & PSU Debt Fund	N.A.	9,744 Cr	15 yrs 9 m	0.73%
Axis Banking & PSU Debt Fund	N.A.	13,056 Cr	13 yrs 4 m	0.63%
Bandhan Banking and PSU Fund	N.A.	13,082 Cr	12 yrs 8 m	0.66%
Sundaram Banking & PSU Fund	N.A.	400 Cr	20 yrs 10 m	0.41%
Aditya Birla Sun Life Banking & PSU Debt Fund	N.A.	9,057 Cr	17 yrs 6 m	0.73%

View all Banking And Psu funds

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

Alpha	6.19 vs. 3.98 Higher outperformance against benchmark
Sharpe	0.63 vs. 4.44 Poor risk-adjusted returns
Beta	3.0 vs. 1.83 More sensitive to market's ups & downs
Standard deviation	1.25 vs. 1.06 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 is a Banking and PSU mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 18 yrs 4 m, having been launched on 28/05/2007. LIC MF Banking & PSU Fund has ₹1,909 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 & PSU Fund as of 20/10/2025 is ₹35.54. 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 returns of last 1-year are 7.95%. Since launch, it has delivered 7.13% average annual returns. The fund has doubled the money invested in it every 11 yrs.
LIC MF Banking & PSU Fund 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 National Highways Authority of India Ltd., REC Ltd., Bank Of Baroda, HDFC Bank Ltd., Axis Bank Ltd..

...

Fund AUM	1,909 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Singh

Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A. Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).

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	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	3Y
LIC MF Medium to Long Duration Fund	N.A.	204 Cr	6.83%	7.73%
LIC MF Short Duration Fund	N.A.	151 Cr	7.52%	7.04%
LIC MF Liquid Fund	N.A.	11,403 Cr	6.6%	6.95%
LIC MF Low Duration Fund	N.A.	1,705 Cr	7.1%	6.9%
LIC MF Ultra Short Duration Fund	N.A.	217 Cr	6.59%	6.45%

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 plan is approximately ₹35.5384 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The LIC MF Banking & PSU Fund is a 18 yrs 4 m old fund and has delivered average annual returns of 7.12% since inception.

LIC MF Banking & PSU Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.9%	7.47%	5.5%	6.73%	7.12%

How much does this mutual fund charge as expense ratio?

The LIC MF Banking & PSU Fund has an expense ratio of 0.78%, 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 & PSU Fund currently has assets under management (AUM) or fund size valued at approximately 1,909 Cr as on Sep 30, 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
National Highways Authority of India Ltd.	7.2%
REC Ltd.	6.88%
Bank Of Baroda	3.77%

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	69.73658377%
SOV	15.33730306%
A1+	13.71691703%

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

Redeeming your investments in the LIC MF Banking & PSU 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 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 2 Years.
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.