Close
LIC MF BANKING AND FINANCIAL SERVICES FUND

This product is suitable for investors who are seeking* :

Capital appreciation over long term

Investing predominantly in portfolio of equity and equity related
securities of companies engaged in banking and financial services

Risk - High

Riskometer

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Investment Objective The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking and financial services sector. However there can be no assurance that the investment objective of the scheme will be achieved.
Minimum Application Amount Application Amount (Other than fresh purchase through SIP) – Rs.5,000/- (Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP Amount – 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter.
Minimum Additional Amount (for subsequent investments under an existing folio) INR 500/- and in multiples of INR 1/- thereafter.
Benchmark Index Nifty Financial Services Index
Load Structure » 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units
» 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units
» Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
Minimum Redemption Minimum of INR 500/- and in multiples of INR 1/- thereafter.
Asset Allocation Pattern
Under normal circumstances, the asset allocation pattern will be as follows Indicative allocations (% of Net assets) Risk Profile
Instruments Minimum Maximum High/Medium
Equity and Equity related securities of Banking and Financial Services Companies 80 100 High
Debt & Money Market instruments 0 20 Low to Medium

The scheme asset allocation towards the financial services companies will be limited to a maximum of 20%.
The scheme may Invest in Securitized Debt - up to 30% of the net assets of the scheme.

Fund Manager Mr. Yogesh Patil
Plans Available Regular Plan and Direct Plan.
(The Regular and Direct plan will have a common portfolio)
Options Available a) Growth Option: This option is suitable for investors who are not looking for current income but who invest only with the intention of capital appreciation.
b) Dividend Option: This option is suitable for investors seeking income through dividend declared by the Scheme. Under this Option, the Scheme will endeavor to declare dividends from time to time. The dividend shall be dependent on the availability of distributable surplus.
The Dividend option has the following facilities:
(i) Dividend Re-investment Facility.
(ii)Dividend Pay-out Facility.
Default Investment option is Growth Option.
For the Dividend option, the default facility will be Dividend Reinvestment.
Applicable NAV The NAV applicable for purchase or redemption or switching of Units based on the time of the Business Day on which the application is time stamped.
Risk Factors For Risk Factors please refer to paragraph on “Risk Factors” in this document
Statutory Details: Sponsor: Life Insurance Corporation of India.
Investment Manager: LIC Mutual Fund Asset Management Ltd. CIN: U67190MH1994PLC077858

"*Mutual Fund investments are subject to market risks, read all scheme related documents carefully."