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LIC MF Banking & PSU Debt Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

LIC Mutual Fund · Debt fund · Direct plan · Growth

Banking & PSUDirect · GrowthRisk: Low to Moderate
NAV · 6 Nov 2026
₹40.2451 ▼ 0.00%
LIC Mutual Fund
Fund size₹1,755 crJuly - September 2026
1-month range₹39.98 – 40.25
1 year+4.61%rank 6 of 17
Expense ratio0.28%direct plan, a year
5 years+6.34%a year

What the fund does

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks, public sector undertakings, public financial institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be achieved.

BenchmarkNIFTY Banking & PSU Debt Index A-II
Launched31 May 2007
Fund houseLIC Mutual Fund
Fund managersFM -1-Pratik Harish ShroffFM -2- Rahul Singh

NAV history

404040 2026-08-112026-08-242026-09-072026-09-212026-10-052026-10-162026-10-30

Returns

1 week
+0.56%avg 0.6%
1 month
+0.30%avg 0.3%
3 months
+0.63%avg 0.5%
6 months
+2.80%avg 2.7%
This year
+4.13%avg 3.9%
1 year
+4.61%avg 4.5% · #6/17
3 years (a year)
+7.26%avg 7.1% · #3/16
5 years (a year)
+6.34%avg 6.4% · #6/14

Bars: this plan; the thin mark is the Banking & PSU average (direct 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+0.4
2025+0.8+0.3+1.5+1.5+1.4-0.1+0.6-0.1+0.6+0.8+0.6+0.1
2026-0.0+0.7-0.3+0.6+0.2+1.9+0.2+0.2+0.3-0.2+0.6

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

Holdings4951 lines in all
Top 10 holdings33.4%of the fund
Debt64.0%bonds, government securities
Money market27.7%CDs, CPs, treasury bills

Where the money is

Equity 0.4%Debt 64.0%Money market 27.7%Cash & others 7.9%

Credit quality (debt and money market)

AAA
61.6%
A1+
25.6%
Sovereign
4.6%

Changes since 30 Sept 2026

Share of fund31 Oct 202630 Sept 2026Change
Debt64.0%63.3%+0.72
Money market27.7%31.1%-3.39
Cash & others7.9%5.2%+2.66

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 1

HoldingSector / type% of fund
SBI CDMDF--A2
INF0RQ622028		–0.35%

Bonds, money market and cash 50

HoldingSector / type% of fund
Treps–7.68%
8.09% NLC India Ltd. **
INE589A07037		ICRA AAA3.88%
8.14% Nuclear Power Corporation **
INE206D08287		CRISIL AAA3.80%
8.37% National Highways Authority of India **
INE906B07GN5		CRISIL AAA3.37%
7.83% Small Industries Development Bk of India **
INE556F08KL3		CRISIL AAA3.34%
7.75% Bharti Telecom Ltd. **
INE403D08314		CRISIL AAA3.25%
7.37% Indian Railway Finance Corporation Ltd. **
INE053F08411		CRISIL AAA3.20%
7.62% National Bk for Agriculture & Rural Dev. **
INE261F08EH1		CRISIL AAA3.20%
7.46% REC Ltd. **
INE020B08EK4		CRISIL AAA3.18%
HDFC Bank Ltd. ** #
INE040A16II2		CRISIL A1+3.11%
Kotak Mahindra Bank Ltd. ** #
INE237AD6117		CRISIL A1+3.10%
Bank of Baroda ** #
INE028A16KZ7		FITCH A1+3.09%
ICICI Bank Ltd. ** #
INE090AD6279		CRISIL A1+3.08%
Canara Bank ** #
INE476A16G28		CRISIL A1+3.08%
National Bk for Financing Infra and Dev ** #
INE0KUG16012		FITCH A1+3.06%
7.42% Power Finance Corporation Ltd. **
INE134E08NL6		CRISIL AAA2.61%
Indian Oil Corporation Ltd. **
INE242A14ZD4		CRISIL A1+2.51%
8.83% Export Import Bank of India **
INE514E08EE3		CRISIL AAA2.43%
7.43% Jamnagar Utilities & Power Pvt. Ltd. **
INE936D07190		CRISIL AAA2.37%
7.39% Indian Railway Finance Corporation Ltd. **
INE053F08403		CRISIL AAA1.88%
8.54% REC Ltd. **
INE020B08BE3		CRISIL AAA1.64%
7.28% REC Ltd. **
INE020B08GI3		CRISIL AAA1.59%
7.49% Small Industries Development Bk of India **
INE556F08KX8		CRISIL AAA1.59%
7.4% Power Finance Corporation Ltd. **
INE134E08KQ1		CRISIL AAA1.58%
7.23% Housing & Urban Development Corp Ltd. **
INE031A08AC8		ICRA AAA1.57%
7.43% National Bk for Agriculture & Rural Dev. **
INE261F08BX4		ICRA AAA1.57%
6.64% Housing & Urban Development Corp Ltd. **
INE031A08996		ICRA AAA1.56%
6.73% Power Finance Corporation Ltd. **
INE134E08NW3		CRISIL AAA1.56%
Lakshminarayan Securitisation Trust (Originator - Sikka Ports & Terminals Limited) **
INE31CW15014		CRISIL AAA(SO)1.56%
91 DAYS TBILL RED 03-12-2026
IN002026X222		SOVEREIGN1.56%
7.05% Jio Credit Ltd. **
INE282H07034		CRISIL AAA1.55%
7.7% Small Industries Development Bk of India **
INE556F08LH9		CRISIL AAA1.55%
6.87% REC Ltd. **
INE020B08FU0		ICRA AAA1.55%
Punjab National Bank ** #
INE160A16UE2		CRISIL A1+1.54%
6.66% National Bk for Agriculture & Rural Dev. **
INE261F08EP4		ICRA AAA1.53%
Indian Bank ** #
INE562A16RH8		CRISIL A1+1.50%
Government of India
IN000532C043		SOVEREIGN1.06%
6.47% Indian Railway Finance Corporation Ltd. **
INE053F08510		CRISIL AAA0.95%
8.13% Nuclear Power Corporation **
INE206D08378		CRISIL AAA0.95%
6.61% Power Finance Corporation Ltd. **
INE134E08NS1		CRISIL AAA0.95%
7.79% Bajaj Finance Ltd. **
INE296A07UC7		CRISIL AAA0.91%
Small Industries Development Bk of India ** #
INE556F16CF5		CRISIL A1+0.89%
7.71% Government of India
IN0020260033		SOVEREIGN0.70%
7.45% Export Import Bank of India **
INE514E08GB4		CRISIL AAA0.66%
182 DAYS TBILL RED 18-02-2027
IN002026Y204		SOVEREIGN0.62%
Canara Bank ** #
INE476A16K22		CRISIL A1+0.60%
7.34% Small Industries Development Bk of India **
INE556F08KS8		CRISIL AAA0.31%
7.63% Government of India
IN0020260082		SOVEREIGN0.31%
7.24% Government of India
IN0020250075		SOVEREIGN0.30%
Net Receivables / (Payables)–0.22%

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

Risk

Volatility1.3%yearly, from daily NAVs
Worst fall-0.59%6 Jun 2025 → 13 Jun 2025
RiskometerLow to ModerateLow to Moderate

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)

Minimum Investment in debt instruments of banks, Public sector Undertakings, Public Financial Institutions and Municipal Bonds*
80–100%
of total assets, Other debt and money market securities*
0–20%
of total assets, Units issued by InvIT*
0–10%

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

Fund details

Fund size (average AUM, July - September 2026)₹1,755 cr across all plans · this plan ₹1,544 cr
Fund houseLIC Mutual Fund
CategoryDebt · Banking & PSU
PlanDirect
OptionGrowth
Expense ratio (TER)Direct 0.28% · Regular 0.65% (6 Nov 2026)
Minimum investment₹5,000 · additional ₹500
Scheme code (AMFI)120338
ISININF767K01GI4
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 · IDCW₹10.0815+0.27%
Direct · IDCW₹14.3169-0.00%
Direct · IDCW₹15.1568+4.61%
Regular · Growth₹37.1000+4.19%
Regular · IDCW₹11.9031+4.19%
Regular · IDCW₹13.8852+4.19%
Regular · IDCW₹10.4124+0.24%

Top Banking & PSU funds (direct plans)

Fund1 year3 years (a year)
UTI Banking & PSU Debt Fund+5.80%+7.46%
Franklin India Banking & PSU Debt Fund+5.53%+7.40%
LIC MF Banking & PSU Debt Fund+4.61%+7.26%
Kotak Banking and PSU Debt Fund+4.77%+7.26%
ICICI Prudential Banking and PSU Debt Fund+4.90%+7.13%
Edelweiss Banking and PSU Debt Fund+4.22%+7.12%
Invesco India Banking and PSU Debt Fund+4.37%+7.11%
SBI BANKING & PSU DEBT FUND+4.47%+7.11%

All Banking & PSU funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of LIC MF Banking & PSU Debt Fund - Direct Plan - Growth today?

₹40.2451 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of LIC MF Banking & PSU Debt Fund - Direct Plan - Growth?

1 year: 4.61%, 3 years: 7.26% a year, 5 years: 6.34% a year

How does LIC MF Banking & PSU Debt Fund rank in its category?

6 of 17 Banking & PSU funds (direct 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.