LIC MF Banking & Financial Services Fund Direct Growth

• Alpha -7.08%
• Beta 0.97
• Sharpe Ratio0.41
• Std Deviation 14.89%
• Tracking Error 5.97%

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 achieved.

The LIC MF Banking & Financial Services Fund Direct Growth has an AUM of 233.85 crores & has delivered CAGR of 13.31% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.05%. The minimum investment in LIC MF Banking & Financial Services Fund Direct Growth is Rs 5000 and the minimum SIP is Rs 200.

As per morningstar the risk & return rating of the fund are Medium & High respectively.

The top holdings of the fund include Hdfc Bank, Icici Bank, State Bank Of India & Axis Bank.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Investment Services & Auto & Truck Parts.

Some of the similar funds are Baroda BNP Paribas Banking and Financial Services Fund Direct Growth, LIC MF Banking & Financial Services Fund Direct Growth, ITI Banking and Financial Services Fund Direct Growth, WhiteOak Capital Banking & Financial Services Fund Direct Growth, Helios Financial Services Fund Direct Growth. LIC MF Banking & Financial Services Fund Direct Growth has a sharpe ratio of 0.41 & a standard deviation of 14.89%.