LIC MF Banking & Financial Services Fund Direct

Scheme Type
Open-ended
Scheme Category
Sector - Financial Services
Benchmark Type
S&P BSE Bankex
Scheme AUM (in Crs.)
₹ 54.13
Expense Ratio
1.83%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 20411
Min Subscription
₹ 5000
Min Addition Subscription
₹ 500
Performance
Comparison
Portfolio
Details
Analysis
10.6005
(-0.81 %)
NAV as on 2019-01-23
Returns
Fund
LIC MF Banking & Financial Services Fund Direct
1 Year
-20.65%
3 Year
12.07%
AMC Details
amc launch date
Launch Date
20 Apr 1994
amc sponsor
Sponsor
NA
amc email
Email
licmfamc@licmutual.com
amc phone
Phone
022 - 66016000
amc address
Address
4th Floor, Industrial Assurance Bldg.,Opp.Churchgate Station,Churchgate, Mumbai - 400 020
Tax Implications
Short Term Capital Gain (Holding period < 12months):
17.16% - 17.94%
(15% + Surcharge @ 10%-15% + 4% Health & Education Cess.)
Long Term Capital Gain:
10% without indexation & without foreign currency conversion benefit + Surcharge @10%-15% + 4% Health & Education Cess
Taxation on Dividends:
10%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
High
Exit Load
Exit load of 1% if redeemed within 1 year
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
Objective
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be realised.
Suitability
Capital appreciation over long termInvesting predominantly in portfolio of equity and equity related securities of companies engaged in banking and financial services
SIP/Lump Sum Calculator
Enter Investment Amount
For how many years?
0.5 Yrs
1,000
Investment per month for 0.5 Years
5,649
Portfolio Value
-351
Total Returns