This Banking Sector Fund Has Given Over 60% Returns In 2 Years, SIP Starts At Rs 1000

The economy is divided into many components known as sectors. These industries are made up of a variety of firms that sell goods and services to consumers. The banking sector is one of these sectors. This industry serves as the economy's backbone. This is one of the most significant and influential industries in the economy. This Mutual fund is a banking sector fund. The fund has given good returns over the year to its investors. In this article, we have given insights into the fund including the return and portfolio.

LIC MF Banking & Financial Services Fund - Direct Plan-Growth

This fund was launched on 27th March in 2015 by the LIC Mutual Fund. It is an open-ended sectoral fund that invests primarily in Banking and Financial Services. The Current Net Asset Value of the fund as of 22 Mar 2022 is Rs 14.1698 for its Direct plan. The fund currently holds Assets under Management worth Rs 53.53 crore as of Feb 28, 2022. The expense ratio of the fund is 1.47% for the Direct plan as of Feb 28, 2022. The minimum investment required is Rs 5000 and the minimum additional investment is Rs 500. The minimum SIP amount required for investment in this fund is Rs 1000. Value Research has given this fund 1 star. It is a very high-risk fund, which means the investment could also attract risks of loss. However, the fund has performed well in 2-year investments and given over 60% absolute returns and over 20% in SIP. 

Absolute And Annualised Returns

Lump-Sum Investment Returns

Teure	Absolute Returns	Annualised Returns
1 Year	7.31%	7.31%
2 Year	62.33%	27.32%
3 Year	25.28%	7.79%
5 Year	33.26%	5.91%
Since Inception	41.70%	5.11%

SIP Returns

SIP Tenure	Absolute Returns	Annualised Returns
1 Year	-0.16%	-0.29%
2 Year	20.61%	19.19%
3 Year	20.71%	12.62%
5 Year	22.89%	8.18%

Portfolio

LIC MF Banking & Financial Services Fund has majorly invested in Indian equities accounting for 99.06 percent, with 62.1 percent in large-cap stocks, 13.46 percent in mid-cap stocks, and 2.89 percent in small-cap stocks. The majority of the money in the fund is invested in the financial, insurance, and healthcare industries. In comparison to other funds in the category, it has less exposure to the Financial and Insurance industries. The fund's top 5 holdings are in HDFC Bank Ltd., Housing Development Finance Corpn. Ltd., Axis Bank Ltd., ICICI Bank Ltd., State Bank of India (SBI)

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.