LIC MF Banking & Financial Services Fund Regular Growth

• Alpha -8.15%
• Beta 0.96
• Sharpe Ratio0.45
• Std Deviation 13.14%
• 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 Regular Growth has an AUM of 292.63 crores & has delivered CAGR of 13.62% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 2.45%. The minimum investment in LIC MF Banking & Financial Services Fund Regular Growth is Rs 5000 and the minimum SIP is Rs 200.

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

The top holdings of the fund include HDFC Bank, ICICI Bank, Axis Bank & Kotak Mahindra 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 Regular Growth, LIC MF Banking & Financial Services Fund Regular Growth, ITI Banking and Financial Services Fund Regular Growth, Helios Financial Services Fund Regular Growth, Groww Banking & Financial Services Fund Regular Growth. LIC MF Banking & Financial Services Fund Regular Growth has a sharpe ratio of 0.45 & a standard deviation of 13.14%.