LIC MF Banking & Fina Serv Fund - Dir (G) logo

LIC MF Banking & Fina Serv Fund Direct Growth

NAV ₹25.43 as on 17 Nov 2025

RiskVery High

Fund Size₹284.71Cr

NAV₹25.43 as on 17 Nov 2025
RiskVery High
Fund Size₹284.71Cr

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Investment Details
Top Rated Funds

Lock-in

No Lock-in

Min One Time Amount

₹5,000

Min Withdrawal Amount

₹-

Min SIP Amount

₹200

Min Additional Amount

₹500

Exit Load

12% of the unit alloted shall be redeemed without any exit load, on or before completion of 90 days from the date of allotment of units. 1% - on remaining units, if redeemed or switched out on or before completion of 90 days from the date of allotment of units. Nil - if redeemed or switched out after completion of 90 days from the date of allotment of units.

Basic Details

Age

10 years 8 months (Since Mar 27, 2015)

Return since Launch

8.98%

Expense ratio

1.18%

Type

OPEN

AUM (Fund Size)

₹284.71

Risk Grade

Very High

Benchmark

Nifty Financial Services TRI

Calculate Your Returns
Select Duration
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Returns
Total investment of ₹2,40,000
Would have become ₹61,949 (+209.74%)
Fund Manager

Name:

Jaiprakash Toshniwal

Experience:

 Presently - Senior Equity Research Analyst & Fund Manager - LIC Mutual Fund Asset Management Ltd (6(th)September 2021 onwards)  Senior Equity Research Analyst - LIC Mutual Fund Asset Management Ltd. (28th January 2021 - 5(th)September 2021)  Equity Research Analyst -India First Life Insurance (16th August 2011 - 27th January 2021)  Equity Research Analyst -Taurus Mutual Fund (December 2009 - August 2011)

Asset Allocation
RiskometerLevel of risk in the scheme
Moderate
High
Low
Very
High

Your investment will be at Very High Risk

Fund house & investment objective
Rank (total assets)#23 in India
Total AUM₹41,741.63Cr
Date of Incorporation20 Apr 1994
LIC MF Banking & Fina Serv Fund Direct Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 27 Mar 2015. The fund currently has an Asset Under Management(AUM) of ₹41,741.63 Cr and the Latest NAV as of 17 Nov 2025 is ₹25.43.
The LIC MF Banking & Fina Serv Fund Direct Growth is rated Very High. Minimum SIP Investment is set to ₹200 . Minimum Lumpsum Investment is ₹5,000. Exit load of 12% of the unit alloted shall be redeemed without any exit load, on or before completion of 90 days from the date of allotment of units. 1% - on remaining units, if redeemed or switched out on or before completion of 90 days from the date of allotment of units. Nil - if redeemed or switched out after completion of 90 days from the date of allotment of units..
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Returns and Rankings

Category: Equity Sectoral / Thematic

1Y3Y5YAll
Fund returns20.30%4.41%2.88%0.86%
Category average8.02%6.14%3.98%-
Rank within category1611384-

FAQ’s

What kind of returns does LIC MF Banking & Fina Serv Fund Direct Growth provide?

LIC MF Banking & Fina Serv Fund Direct Growth has given a return of 13.82% in the past 3 years.

What is the expense ratio charged by LIC MF Banking & Fina Serv Fund Direct Growth?

The Expense Ratio charged by LIC MF Banking & Fina Serv Fund Direct Growth is 1.18%.

What is the AUM size of LIC MF Banking & Fina Serv Fund Direct Growth?

The AUM size of LIC MF Banking & Fina Serv Fund Direct Growth is ₹284.71Cr.

What is the minimum SIP amount that you can invest in LIC MF Banking & Fina Serv Fund Direct Growth?

₹200 is the minimum SIP amount that you can invest in LIC MF Banking & Fina Serv Fund Direct Growth .

What are the top stock holdings of LIC MF Banking & Fina Serv Fund Direct Growth?

The top stock holdings of LIC MF Banking & Fina Serv Fund Direct Growth include , HDFC Bank Ltd , ICICI Bank Ltd , Axis Bank Ltd and Kotak Mahindra Bank Ltd.

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Get started with us today and
start building your wealth journey

*By clicking, I agree to the T&C and Whatsapp updates.