LIC MF Banking & PSU Debt Fund


An open ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds


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.


  • Those who are looking for regular income for medium-term capital appreciation with current income.
  • Those who would like to participate in debt and money market instruments issued by Banks, PSU's, PFIs and Municipal Bonds.
  • Those who have a Moderate risk appetite.
  • Those who have an investment horizon of more than 3 years.

This product is suitable for investors who are seeking.

  • Income for medium term capital appreciation with current income.
  • An income fund that invests predominantly in debt and money market instruments issued by Banks, PSU’s, PFIs and Municipal Bonds.
  • Risk - Low to Moderate.

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

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Top holding where the fund has invested ( As on 30-Apr-2023 )

  • Government Bond17.33 %

  • Small Industries Development Bk of India9.76 %

  • National Bk for Agriculture & Rural Dev.9.13 %

  • REC Ltd.8.87 %

  • Power Grid Corporation of India Ltd.6.91 %

  • Power Finance Corporation Ltd.6.81 %

  • Oil & Natural Gas Corporation Ltd.6.63 %

  • Bank of Baroda4.63 %

  • Bajaj Finance Ltd.4.46 %

  • NTPC Ltd.4.45 %

  • Others20.73 %

  • Cash & Cash Equivalent:0.29 %

Monthly Portfolio  /  Fortnightly Portfolio Download      Half Yearly Portfolio
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Portfolio Composition (As of 30-Apr-2023)
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Maturity Profile (%)

> 365 Days

79.40%

> 91 days up to 365 Days

17.09%

Up to  91 days

2.30%

Cash & Other Receivables

1.21%
Rating Profile (% Weightage)

AAA/A1+ and Equivalent

81.84%

SOVEREIGN

16.95%

Cash & Other Receivables

1.21%

Fund Information

  • Inception : 31/05/2007
  • Entry Load : Nil
  • Exit Load : NA
NAV in INR as on 09-Jun-2023
Additional Fund Information as on 30-Apr-2023
  • Fund Size in INR (CR) 1,129.54
  • Portfolio Turnover NA
  • Expense Ratio (%) 0.83
  • Expense Ratio (Direct) (%) 0.28
  • First Tier Benchmark(s) NIFTY Banking & PSU Debt Index
  • Fund Manager Mr. Marzban Irani / Mr. Sanjay Pawar (Co Fund Manager)
Performance

  • Lumpsum

Fund Documents

Fund Documents Documents PDF
Fact Sheet pdf-icon
Scheme Information Document pdf-icon
KIM and Application form pdf-icon
Product Leaflet pdf-icon
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