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.

  • Regular 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 31-Aug-2021 )
  • Government Bond14.26 %

  • Indian Railway Finance Corporation Ltd.9.85 %

  • Power Finance Corporation Ltd.9.16 %

  • Export Import Bank of India8.50 %

  • National Highways Authority of India6.71 %

  • Indian Oil Corporation Ltd.6.62 %

  • National Bk for Agriculture & Rural Dev.6.39 %

  • National Housing Bank5.63 %

  • Power Grid Corporation of India Ltd.5.63 %

  • HDFC Bank Ltd.5.60 %

  • Others21.52 %

  • Cash & Cash Equivalent:0.13 %

Monthly Portfolio  /  Fortnightly Portfolio
Portfolio Composition (As of 31-Aug-2021)
Maturity Profile (%)

> 365 Days

68.53%

> 91 days up to 365 Days

18.99%

Up to  91 days

12.35%

Cash & Other Receivables

0.13%
Rating Profile (% Weightage)

AAA/A1+ and Equivalent

84.04%

Sovereign

15.83%

Cash & Other Receivables

0.13%

Fund Information

  • Inception : 31/05/2007
  • Entry Load : Nil
  • Exit Load : NA
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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Investor are requested to note that, pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 read with circular no. SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings, irrespective of the amount of investment, under all mutual fund schemes. To know more about payment modes available : CLICK HERE   |   Pursuant to the guidelines received from AMFI and latest directives of Central & State Governments and Municipal authorities, branch offices of LIC MF AMC and the ISCs (“Official Points of Acceptance”) of the RTA (M/s. KFin Technologies Pvt. Ltd) shall be closed effective 23-March-2020 and thereby no physical transactions shall be accepted till situation improves. Investors are requested to only adopt online means of transacting. For more information click here | KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKET - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY {MUTUAL FUND, BROKER, DEPOSITORY, PARTICIPANTS, ETC.}, YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY