← Lic Mutual Fund

LIC MF Banking and Financial Services Fund-Direct Plan-Growth

Equity Data as of May 2026 Comparing Apr 2026 → May 2026
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Stocks Held
26
May 2026
Equity Holdings
₹240.92 Cr
Equity only, excl. debt & cash
Top 5 Weight
45.0%
High concentration
Top 10 Weight
61.3%
High concentration
Changes
38
2 new · 12 exits
Top Sector
Banks
55.1% of portfolio
📋 What Happened This Month LIC MF Banking and Financial Services Fund made 2 new additions and exited 12 stocks this month. The biggest new buy was IndusInd Bank Limited (Banks) at 2.05% weight. State Bank of India was the biggest exit (Banks), which was held at 5.69%. Among existing holdings, AU Small Finance Bank Limited saw the biggest increase — now at 5.45% of the portfolio. HDFC Bank Limited was trimmed the most, now at 10.60%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 55.1%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · LIC MF Banking and Financial Services Fund-Direct Plan-Growth

1M
+3.93%
3M
+9.95%
6M
-1.91%
1Y
+3.27%
Latest NAV
₹24.63
24 Jun 2026
52W High
₹25.91
-5% from High
52W Low
₹19.65
+25% from Low
Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+18.0%
2024
+2.2%
2023
+22.0%
2022
+21.0%
2021
+11.3%
2020
-1.0%
2019
+21.0%
2018
-16.9%
2017
+35.1%
Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg
13.1%
+ve in 76% windows
78.6% / -33.3%
3Y Rolling Avg
11.0% p.a.
+ve in 89% windows
31.6% / -12.3%
5Y Rolling Avg
11.6% p.a.
+ve in 100% windows
25.1% / 0.8%
Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff
-14.9%
Rec: May 2025 (4 mo)
COVID-19 Crash
-41.8%
Rec: Dec 2020 (1yr 1mo)
2022 Rate Hike
-17.3%
Rec: Aug 2022 (7 mo)
2018 IL&FS
-21.0%
Rec: May 2019 (11 mo)
Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)
0.28
Return per unit of risk. >1 is good.
Sortino Ratio (3Y)
0.40
Penalises downside volatility only.
Std Deviation (3Y)
15.5%
Lower = more consistent returns.
NAV Chart ₹24.63 24 Jun 2026
Simple Moving Avg: Click to draw · click again to remove
LIC MF Banking and Financial Services Fund-Direct Plan-Growth
Chart shows indexed performance (base = 100). Actual NAV: ₹24.63
Sector Shift Industry allocation month-over-month
Mar 2026 → Apr 2026
Sector Prev Curr ▼ Delta
Banks 56.3% 55.3% ▼ -1.1%
Finance 26.9% 27.8% ▲ +0.9%
Capital Markets 7.5% 8.2% ▲ +0.7%
Financial Technology (Fintech) 1.7% 1.8% ▲ +0.1%
Insurance 1.5% 1.4% ● -0.1%
Apr 2026 → May 2026
Sector Prev Curr ▼ Delta
Banks 55.3% 55.1% ▼ -0.2%
Finance 27.8% 18.3% ▼ -9.5%
Capital Markets 8.2% 11.5% ▲ +3.3%
Financial Technology (Fintech) 1.8% 5.0% ▲ +3.2%
Insurance 1.4% 4.1% ▲ +2.7%
🟢
Biggest New Buy
IndusInd Bank Limited
2.05% weight · Banks
🔴
Biggest Exit
State Bank of India
5.69% was held · Banks
↑
Biggest Add
AU Small Finance Bank Limited
+5.16% · now 5.45%
↓
Biggest Trim
HDFC Bank Limited
-4.64% · now 10.60%
🤝 Other funds also bought this month
IndusInd Bank Limited 24 funds
IndusInd Bank Limited
ICICI Prudential Nifty Bank Index Fund - Direct Plan Growth
Motilal Oswal Nifty Bank Index Fund
Groww Nifty Private Bank Index Fund + more
City Union Bank Limited 14 funds
City Union Bank Limited
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
LIC MF Large & Mid Cap Fund-Direct Plan-Growth
Baroda BNP Paribas Banking and Financial Services Fund - Direct - Growth Option + more
👋 Other funds also exited
State Bank of India 29 funds
State Bank of India
SBI Quant Fund- Direct Plan- Growth
Bandhan Nifty 500 Value 50 Index Fund
LIC MF Balanced Advantage Fund-Direct Plan-Growth + more
HDFC Life Insurance Company Limited 16 funds
HDFC Life Insurance Company Limited
ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth
BAJAJ FINSERV LARGE CAP FUND - DIRECT PLAN - GROWTH
360 ONE QUANT FUND DIRECT GROWTH + more
SBI Cards and Payment Services Limited 16 funds
SBI Cards and Payment Services Limited
NJ ELSS Tax Saver Scheme
360 ONE QUANT FUND DIRECT GROWTH
Bank of India Mid Cap Fund - Direct Plan Growth + more
KFin Technologies Limited 5 funds
KFin Technologies Limited
UNION RETIREMENT FUND
Edelweiss ELSS Tax Saver Fund - Direct Plan-Growth Option
HDFC NIFTY Midcap 150 Index Fund - Growth Option - Direct Plan + more
CRISIL Limited 4 funds
CRISIL Limited
Bajaj Finserv Large and Mid Cap Fund- Direct Plan- Growth
BAJAJ FINSERV MULTI CAP FUND - DIRECT - GROWTH
LIC MF Balanced Advantage Fund-Direct Plan-Growth + more
HDB Financial Services Limited 4 funds
HDB Financial Services Limited
Invesco India ELSS Tax Saver Fund
ICICI Prudential Value Fund (erstwhile Value Discovery Fund) - Direct Plan - Growth
Bandhan Nifty Midcap 150 Index Fund-Direct Plan-Growth + more

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026
🟢 2 New Entries 🔴 12 Exits ↑ 19 Increased ↓ 5 Decreased
#StockSectorWeight (May 2026)
1
IndusInd Bank Limited
₹5.26 Cr
 Banks 2.05%
2
City Union Bank Limited
₹3.19 Cr
 Banks 1.25%
#StockSectorLast Weight (Apr 2026)
1
State Bank of India
₹14.90 Cr
 Banks 5.69%
2
SBI Cards and Payment Services Limited
₹7.41 Cr
 Finance 2.83%
3
TVS HOLDINGS LIMTED
₹5.73 Cr
 Finance 2.19%
4
IIFL Finance Limited
₹5.72 Cr
 Finance 2.18%
5
CRISIL Limited
₹3.94 Cr
 Finance 1.51%
6
Computer Age Management Services Limited
₹3.91 Cr
 Capital Markets 1.49%
7
CSB Bank Limited
₹2.93 Cr
 Banks 1.12%
8
Five Star Business Finance Limited
₹2.51 Cr
 Finance 0.96%
9
Bajaj Housing Finance Limited
₹2.35 Cr
 Finance 0.90%
10
HDB Financial Services Limited
₹2.18 Cr
 Finance 0.83%
#StockSectorApr 2026May 2026Change
1
AU Small Finance Bank Limited
₹13.97 Cr
 Banks 0.29% 5.45% +5.16%
2
Aditya Birla Sun Life AMC Limited
₹6.47 Cr
 Capital Markets 0.23% 2.52% +2.29%
3
Nippon Life India Asset Management Limited
₹8.65 Cr
 Capital Markets 1.10% 3.38% +2.28%
4
Axis Bank Limited
₹26.28 Cr
 Banks 8.19% 10.25% +2.06%
5
Karur Vysya Bank Limited
₹7.76 Cr
 Banks 1.05% 3.03% +1.98%
6
Bajaj Finance Limited
₹11.20 Cr
 Finance 2.44% 4.37% +1.93%
7
PB Fintech Limited
₹5.80 Cr
 Financial Technology (Fintech) 0.58% 2.26% +1.68%
8
Max Financial Services Limited
₹5.37 Cr
 Insurance 0.49% 2.10% +1.61%
9
SBI Life Insurance Company Limited
₹5.23 Cr
 Insurance 0.46% 2.04% +1.58%
10
One 97 Communications Limited
₹7.05 Cr
 Financial Technology (Fintech) 1.24% 2.75% +1.51%
#StockSectorApr 2026May 2026Change
1
HDFC Bank Limited
₹27.17 Cr
 Banks 15.24% 10.60% -4.64%
2
Mas Financial Services Limited
₹6.15 Cr
 Finance 5.09% 2.40% -2.69%
3
Kotak Mahindra Bank Limited
₹14.81 Cr
 Banks 7.60% 5.78% -1.82%
4
DCB Bank Limited
₹4.66 Cr
 Banks 1.89% 1.82% -0.07%
5
Ujjivan Small Finance Bank Limited
₹4.89 Cr
 Banks 1.95% 1.91% -0.04%

What Stocks Does This Fund Hold?

26 stocks — May 2026

# Stock Sector Cap Weight & Value
1
ICICI Bank Limited
₹33.17 Cr
 Banks
12.94%
2
HDFC Bank Limited
₹27.17 Cr
 Banks
10.60%
3
Axis Bank Limited
₹26.28 Cr
 Banks
10.25%
4
Kotak Mahindra Bank Limited
₹14.81 Cr
 Banks
5.78%
5
AU Small Finance Bank Limited
₹13.97 Cr
 Banks
5.45%
6
Bajaj Finance Limited
₹11.20 Cr
 Finance
4.37%
7
Nippon Life India Asset Management Limited
₹8.65 Cr
 Capital Markets
3.38%
8
Karur Vysya Bank Limited
₹7.76 Cr
 Banks
3.03%
9
One 97 Communications Limited
₹7.05 Cr
 Financial Technology (Fintech)
2.75%
10
Power Finance Corporation Limited
₹7.05 Cr
 Finance
2.75%
🏆 Top stocks held by Equity funds
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🏦 Lic Mutual Fund — Portfolio & Holdings
See all funds managed by Lic Mutual Fund — conviction stocks, monthly entries & exits
→

Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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