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

Q: How much expense ratio is charged by LIC MF Banking and Financial Services Fund-Direct Plan-Growth?

The expense ratio for LIC MF Banking and Financial Services Fund-Direct Plan-Growth, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 20 Dec 2024, the expense ratio charged by LIC MF Banking and Financial Services Fund-Direct Plan-Growth is typically around 0.97 %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of LIC MF Banking and Financial Services Fund-Direct Plan-Growth?

As of 20 Dec 2024, the Assets Under Management (AUM) of LIC MF Banking and Financial Services Fund-Direct Plan-Growth is approximately ₹263.1105 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of LIC MF Banking and Financial Services Fund-Direct Plan-Growth?

The Net Asset Value (NAV) of LIC MF Banking and Financial Services Fund-Direct Plan-Growth is updated daily and reflects the per-unit value of the fund's assets. As of 20 Dec 2024 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of LIC MF Banking and Financial Services Fund-Direct Plan-Growth?

The PE ratio for LIC MF Banking and Financial Services Fund-Direct Plan-Growth is 17.7 and the PB ratio is 3.25. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of LIC MF Banking and Financial Services Fund-Direct Plan-Growth?

The exit load for LIC MF Banking and Financial Services Fund-Direct Plan-Growth is 0% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Equity

NAV

₹ 21.42

CAGR (3 Years)

14.03%

AUM (Cr)

₹ 263.11

Risk

Very High Risk

About LIC MF Banking and Financial Services Fund-Direct Plan-Growth

The Scheme is to generate long-term capital appreciation for unit holders from a portfolio that in invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.

Breakdown of this Fund

Banks

121.80%

Debt Others

3.61%

Finance

45.37%

Financial Services

4.05%

Insurance

2.11%

Stock/ Commodity Brokers

4.95%

Market Capitalization

Expense Ratio, Exit Load and Tax

Expense Ratio

0.97

Exit Load

12% of the unit alloted shall be redeemed without any exit load, on or before co...

Stamp Duty

0.005% (from July 1st, 2020)

Tax Implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.