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LIC MF Banking & PSU Debt Fund-IDCW Daily LIC MF Banking & PSU Debt Fund-IDCW Daily

LIC MF Banking & PSU Debt Fund - Investment Information

  • ₹11.13 (0.02%)

    Current NAV 13-12-2024

  • 2.24%

    Returns

  • Min. SIP ₹1000

    Min. Investment ₹5000

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Investment Objective

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized.

Basic Details

Key Information About Investing Details.

  • CategoryBanking and PSU
  • KRAKARVY
  • Inv. PlanIDCW
  • Launched In30-May-07
  • BenchmarkNifty Banking & PSU Debt Index A-II
  • Fund TypeOpen Ended
  • Fund HouseLIC Mutual Fund

Investment Details

Check the Fund’s General Information

  • Fund size1874.74 Cr.
  • Min. Investment₹5000
  • Min. Sip Inv.₹1000
  • Min. Addl Inv.₹500
  • Expense Ratio0.78%
  • Turn over%
  • Exit LoadData not available.

Fund Managers

Details of Managers and their Experience

Marzban Irani-manager-image
Marzban Irani

Fund Manage : 6

Total AUM. : ₹1,914 Cr.

Pratik Harish Shroff-manager-image
Pratik Harish Shroff

Fund Manage : 10

Total AUM. : ₹2,586 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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What is your investing style?
  • Aggressive investment styleAggressive

  • Quality investment styleQuality

  • Conservative investment styleConservative

Frequently 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.

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