LIC MF Banking & Financial Services Fund Regular-Growth

LIC MF Banking & Financial Services Fund Regular-Growth is a scheme launched by LIC Mutual Fund on March 27, 2015, and falls under the Banking & Financial fund category. It currently manages an AUM of Rs 266.84 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 2.42% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that in invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.

• Performance:

  LIC MF Banking & Financial Services Fund Regular-Growth trailing returns over different times are 3.38% (1 year), 11.1% (3 year) and 18.31% (5 year). The average annual return of this fund stands at 9.44%.