LIC MF Banking & PSU Fund-Regular Plan-Growth

LIC MF Banking & PSU Fund-Regular Plan-Growth is a scheme launched by LIC Nomura Mutual Fund on May 30, 2007, and falls under the Banking and PSU fund category. It currently manages an AUM of Rs 1,899.8 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 0.78% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  LIC MF Banking & PSU Fund-Regular Plan-Growth trailing returns over different times are 8.01% (1 year), 7.08% (3 year) and 5.56% (5 year). The average annual return of this fund stands at 7.12%.