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LIC MF Banking & Monetary Providers Fund – Direct Plan-Development
This fund was launched on twenty seventh March in 2015 by the LIC Mutual Fund. It’s an open-ended sectoral fund that invests primarily in Banking and Monetary Providers. The Present Internet Asset Worth of the fund as of twenty-two Mar 2022 is Rs 14.1698 for its Direct plan. The fund presently holds Belongings underneath Administration price 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 minimal funding required is Rs 5000 and the minimal extra funding is Rs 500. The minimal SIP quantity required for funding on this fund is Rs 1000. Worth Analysis has given this fund 1 star. It’s a very high-risk fund, which implies the funding might additionally appeal to dangers of loss. Nevertheless, the fund has carried out nicely in 2-year investments and given over 60% absolute returns and over 20% in SIP.
Absolute And Annualised Returns
Lump-Sum Funding Returns
| Teure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Yr | 7.31% | 7.31% |
| 2 Yr | 62.33% | 27.32% |
| 3 Yr | 25.28% | 7.79% |
| 5 Yr | 33.26% | 5.91% |
| Since Inception | 41.70% | 5.11% |
SIP Returns
| SIP Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Yr | -0.16% | -0.29% |
| 2 Yr | 20.61% | 19.19% |
| 3 Yr | 20.71% | 12.62% |
| 5 Yr | 22.89% | 8.18% |
Portfolio
LIC MF Banking & Monetary Providers Fund has majorly invested in Indian equities accounting for 99.06 %, with 62.1 % in large-cap shares, 13.46 % in mid-cap shares, and a couple of.89 % in small-cap shares. The vast majority of the cash within the fund is invested within the monetary, insurance coverage, and healthcare industries. Compared to different funds within the class, it has much less publicity to the Monetary and Insurance coverage industries. The fund’s high 5 holdings are in HDFC Financial institution Ltd., Housing Growth Finance Corpn. Ltd., Axis Financial institution Ltd., ICICI Financial institution Ltd., State Financial institution of India (SBI)
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