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LIC MF Banking And Financial Services Fund - Investment Information
- Equity
- Banking & Financial
- Very High
-
₹19.15
(1.28%)
Current NAV 22-11-2024
-
9.74%
Returns
-
Min. SIP ₹1000
Min. Investment ₹5000
Fund Suitability Test
Investment Objective
The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.
Basic Details
Key Information About Investing Details.
- CategoryBanking & Financial
- KRAKARVY
- Inv. PlanGrowth
- Launched In23-Mar-15
- BenchmarkNifty Financial Services TRI
- Fund TypeOpen-Ended
- Fund HouseLIC Mutual Fund
Investment Details
Check the Fund’s General Information
- Fund size303.34 Cr.
- Min. Investment₹ 5000
- Min. Sip Inv.₹ 1000
- Min. Addl Inv.₹ 500
- Expense Ratio2.42%
- Turn over46%
- Exit LoadExit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Fund Managers
Details of Managers and their Experience
Fund Manage : 3
Total AUM. : ₹2,153 Cr.
AMC Office Information
Registered Office of Mutual Fund Company
- AMCLIC Mutual Fund
- Emailcs.co@licmf.com
- Office No022-66016000
- Websitehttps://www.licmf.com
- Address4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
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Chat with usFrequently Asked Questions
What is a mutual fund?
In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.
What are the benefits of investing in funds?
Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.
Do mutual funds generate income?
Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.
How many types of mutual funds are there?
There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds
Who gets your money in mutual funds?
The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.