LIC MF Banking & Fina Serv Fund (G) Mutual fund

LIC MF Banking & Fina Serv Fund (G)

Q: How to Invest in LIC MF Banking & Fina Serv Fund through Rupeezy?

Go to the Rupeezy App Click on the Explore tab on the lower navigation bar. Select the category of funds, e.g., Equity - Large Cap or any other. View and compare all funds in the category on a Risk-Return graph. Select the fund you want to invest in. Choose Lumpsum or SIP. Select Investment Amount & make payment using UPI or Net Banking.

Q: Is LIC MF Banking & Fina Serv Fund good?

The LIC MF Banking & Fina Serv Fund has an AUM of ₹263.11 Cr as on 12/10/2024. The scheme has delivered CAGR returns for the past 3 years against a category average of 19.86%. The risk is Very High against the category average of 72.22.

Q: Is LIC MF Banking & Fina Serv Fund tax free?

Mutual fund taxation depends on the scheme type and investment holding period. Taxation on equity funds: For equity funds (funds that invest at least 65% of the corpus in Indian stocks), if the holding period is more than 12 months, LTCG (Long Term Capital Gains) tax is applicable. For units sold within 12 months of purchase, STCG (Short Term Capital Gains) Tax is applicable. LTCG tax on equity-oriented schemes is 12.5% on capital gains over ₹1.25 lakh (as per the latest update in Budget 2024). STCG tax applicable on the sale of units of equity-oriented mutual fund schemes is 20%.

Q: What is the lock-in period of LIC MF Banking & Fina Serv Fund?

There is no lock-in period applicable on LIC MF Banking & Fina Serv Fund.

Q: What is the expense ratio of LIC MF Banking & Fina Serv Fund?

The expense ratio of LIC MF Banking & Fina Serv Fund is 2.42%.

Equity

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Sectoral

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Fund Details

Current NAV

₹20.26

Expense Ratio

2.42%

Min SIP

₹100

Fund Size

₹263Cr

Min Investment

₹5.00K

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Scheme Information Document

Exit load: 12% of the unit alloted shall be redeemed 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.

Fund Performance

Alpha

-0.84%

Beta

1.01

Sharpe Ratio

0.1646

Risk

15.86%

Above numbers are based upon past 3 years

Returns Calculator

Holding Pattern

Riskometer

Peer Comparison

Fund Management

Fund House Details

LIC MF Banking & Fina Serv Fund (G) FAQs

Q1. How to Invest in LIC MF Banking & Fina Serv Fund through Rupeezy?

Q2. Is LIC MF Banking & Fina Serv Fund good?

Q3. Is LIC MF Banking & Fina Serv Fund tax free?

Q4. What is the lock-in period of LIC MF Banking & Fina Serv Fund?

Q5. What is the expense ratio of LIC MF Banking & Fina Serv Fund?

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