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Mutual fundsSIF

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

NAVs of 8 Nov 2026

LIC Mutual Fund · Equity fund · Regular plan · Growth

Sectoral / ThematicRegular · GrowthRisk: Very High
NAV · 6 Nov 2026
₹21.1001 ▲ 1.41%
LIC Mutual Fund
Fund size₹271 crJuly - September 2026
1-month range₹19.06 – 21.10
1 year-2.62%rank 217 of 280
Expense ratio2.76%regular plan, a year
5 years+7.76%a year

What the fund does

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 and financial services sector. There is no assurance that the investment objective of the Scheme will be realized.

BenchmarkNifty Financial Services TRI
Launched27 Mar 2015
Fund houseLIC Mutual Fund
Fund managersSudhanshu Asthana

NAV history

192122 2026-08-122026-08-252026-09-072026-09-212026-10-052026-10-162026-10-30

Returns

1 week
+9.99%avg 5.4%
1 month
+4.70%avg 2.9%
3 months
-2.54%avg -1.9%
6 months
-0.26%avg 3.1%
This year
-5.36%avg 3.2%
1 year
-2.62%avg 3.7% · #217/280
3 years (a year)
+6.70%avg 13.8% · #154/165
5 years (a year)
+7.76%avg 11.8% · #100/122

Bars: this plan; the thin mark is the Sectoral / Thematic average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2024-1.8
2025-4.4-4.4+6.9+5.3+4.1+3.8-0.7-5.2+1.5+6.4+3.1-0.7
2026-0.6-0.4-13.7+9.2-1.7+5.1+0.8+1.8-8.8-4.6+10.0

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 31 Oct 2026

Stocks held2325 lines in all
Top 10 stocks62.1%of the fund
Short positions-0.2%sold through derivatives
Net equity97.3%long stocks and derivatives minus shorts

Where the money is

Equity 97.5%Cash & others 2.5%Short -0.2%

Sectors (stocks held)

Banks
52.7%
Finance
22.1%
Capital Markets
15.0%
Financial Technology (Fintech)
5.4%
Insurance
2.2%

Changes since 30 Sept 2026

Share of fund31 Oct 202630 Sept 2026Change
Stocks held97.5%95.7%+1.76
Short positions-0.2%-0.2%-0.01
Cash & others2.5%4.3%-1.76
Top 10 stocks62.1%58.1%+4.01
Number of stocks2324-1
Stocks sold off 1
  • PB Fintech Ltd.was 2.99%
Bought more 7
  • HDFC Bank Ltd.+2.00
  • Karur Vysya Bank Ltd.+1.39
  • ICICI Bank Ltd.+1.03
  • Cholamandalam Investment & Fin Co Ltd.+0.88
  • Aditya Birla Capital Ltd.+0.86
  • BSE Ltd.+0.64
  • 360 One Wam Ltd.+0.64
Cut back 6
  • AU Small Finance Bank Ltd.-0.74
  • Shriram Finance Ltd.-0.47
  • Creditaccess Grameen Ltd.-0.42
  • Ujjivan Small Finance Bank Ltd.-0.41
  • Nippon Life India Asset Management Ltd.-0.36
  • Aditya Birla Sun Life AMC Ltd.-0.35

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 23

HoldingSector / type% of fund
ICICI Bank Ltd.
INE090A01021		Banks14.64%
HDFC Bank Ltd.
INE040A01034		Banks7.08%
AU Small Finance Bank Ltd.
INE949L01017		Banks6.59%
Axis Bank Ltd.
INE238A01034		Banks5.56%
One 97 Communications Ltd.
INE982J01020		Financial Technology (Fintech)5.37%
Bajaj Finance Ltd.
INE296A01032		Finance5.00%
Karur Vysya Bank Ltd.
INE036D01028		Banks4.79%
City Union Bank Ltd.
INE491A01021		Banks4.59%
IndusInd Bank Ltd.
INE095A01012		Banks4.52%
BSE Ltd.
INE118H01025		Capital Markets3.93%
Aditya Birla Capital Ltd.
INE674K01013		Finance3.88%
Cholamandalam Investment & Fin Co Ltd.
INE121A01024		Finance3.66%
Shriram Finance Ltd.
INE721A01047		Finance3.53%
Motilal Oswal Financial Services Ltd.
INE338I01027		Capital Markets3.21%
DCB Bank Ltd.
INE503A01015		Banks3.01%
360 One Wam Ltd.
INE466L01038		Capital Markets2.93%
Nippon Life India Asset Management Ltd.
INE298J01013		Capital Markets2.92%
Creditaccess Grameen Ltd.
INE741K01010		Finance2.28%
Max Financial Services Ltd.
INE180A01020		Insurance2.22%
Aadhar Housing Finance Ltd.
INE883F01010		Finance2.04%
Aditya Birla Sun Life AMC Ltd.
INE404A01024		Capital Markets2.01%
Ujjivan Small Finance Bank Ltd.
INE551W01018		Banks1.96%
Aavas Financiers Ltd.
INE216P01012		Finance1.74%

Short positions 1

HoldingSector / type% of fund
Net Receivables / (Payables)–-0.18%

Debt, money market and cash 1

HoldingSector / type% of fund
Treps–2.72%

From the fund house's monthly portfolio (licmf.com), as on 31 Oct 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility18.4%yearly, from daily NAVs
Worst fall-38.68%31 Oct 2017 → 31 Mar 2020
RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 May 2016).

Where it can invest (limits from the scheme document)

Equity and Equity related securities of Banking and Financial Services Companies
80–100%
Financial Services Companies, Money market instruments, other liquid instruments, INVITs and mutual fund units including Gold / Silver ETFs
0–20%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)₹271 cr across all plans · this plan ₹238 cr
Fund houseLIC Mutual Fund
CategoryEquity · Sectoral / Thematic
PlanRegular
OptionGrowth
Expense ratio (TER)Direct 1.55% · Regular 2.76% (6 Nov 2026)
Exit load12% of the units allotted shall be redeemed or switched out 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.
Minimum investment₹5,000 · additional ₹500
Scheme code (AMFI)134016
ISININF767K01NH2
NAV date6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

PlanNAV1 year
Direct · Growth₹24.2079-1.40%
Direct · IDCW₹24.0386-1.43%
Regular · IDCW₹21.0963-2.62%

Top Sectoral / Thematic funds (regular plans)

Fund1 year3 years (a year)
Nippon India Taiwan Equity Fund+37.70%+40.44%
HDFC Defence Fund+19.63%+33.69%
HDFC Pharma and Healthcare Fund+26.81%+30.17%
SBI HEALTHCARE OPPORTUNITIES FUND+21.11%+24.39%
HDFC Transportation and Logistics Fund+8.74%+23.82%
UTI - Healthcare Fund+17.70%+23.50%
Mirae Asset Healthcare Fund+22.57%+23.40%
BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND+16.15%+22.19%
LIC MF Banking and Financial Services Fund-2.62%+6.70%

All Sectoral / Thematic funds ranked › · Compare with others ›

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Information only, not investment advice.

What is the NAV of LIC MF Banking and Financial Services Fund - Regular Plan - Growth today?

₹21.1001 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of LIC MF Banking and Financial Services Fund - Regular Plan - Growth?

1 year: -2.62%, 3 years: 6.70% a year, 5 years: 7.76% a year

How does LIC MF Banking and Financial Services Fund rank in its category?

217 of 280 Sectoral / Thematic funds (regular plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.