EQUITY•SECTORAL / THEMATIC
LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment
3 Year return
9.04%
NAV on August 09, 2026
24.5902
1D Returns
-0.34%
Launched on March 2015(11 years)
Investment Details
₹200
Minimum SIP Amount
₹5000
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
15.25%₹549
Total Value ₹4,149
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹269.21 Cr.
Expense Ratio
1.72% (inclusive of GST)
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.
Ratings
0
Ratings by other agencies
Value Research
1
Crisil
0
Morning Star
3
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
LIC Mutual Fund Manager
JT
Jaiprakash Toshniwal
Fund Manager since Jul 2023
SA
Sudhanshu Asthana
Fund Manager since Apr 2026
Fund House Details
LIC Mutual Fund
Asset management company
AUM
₹50,329.2 Cr.
No. of Schemes
129
Setup Date
April 1989
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| Aditya Birla Sun Life PSU Equity Fund | 24.7224% | 0 |
| SBI PSU Fund | 25.2643% | 0 |
| LIC MF Infrastructure Fund | 26.704% | 0 |
Schemes by LIC Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Key Features of The Fund
5-year return
11.3955%
Expense Ratio
1.72%
Fund Manager
Jaiprakash Toshniwal
Fund Size
₹269.21 Cr.
Risk Profile
Very High
AMC Contact Details
| Name | LIC Mutual Fund |
| Launch Date | April 1989 |
| Address | Industrial Assurance Bldg., 4th Floor, Opp. Churchgate Station, Mumbai - 400 020. |
| Contact | 1800 258 5678 |
| service_licmf@kfintech.com | |
| Website | https://www.licmf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment on August 09, 2026, is ₹24.5902
What is the AUM of LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment, is ₹269.21 crore.
What is the expense ratio of LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment is 1.72%
What are the returns of LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment since inception?
The LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment was launched on March 09, 2015. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment is ₹200.
How do I invest in LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in LIC MF Banking and Financial Services Fund Direct Plan IDCW Reinvestment?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,149 in 3Y at 9.0359% returns
SIP Date1st of every month
Your next SIP Payment will be on 9 September 2026
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