What stocks does LIC MF Banking and Financial Services Fund hold?

LIC MF Banking and Financial Services Fund holds a portfolio of Indian equity stocks disclosed monthly by Lic Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages LIC MF Banking and Financial Services Fund?

LIC MF Banking and Financial Services Fund is managed by Lic Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is LIC MF Banking and Financial Services Fund?

LIC MF Banking and Financial Services Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is LIC MF Banking and Financial Services Fund portfolio data updated?

Portfolio holdings for LIC MF Banking and Financial Services Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Lic Mutual Fund

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

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹247.53 Cr

Equity only, excl. debt & cash

Top 5 Weight

49.0%

High concentration

Top 10 Weight

64.2%

High concentration

Changes

0 new · 0 exits

Top Sector

Banks

55.3% of portfolio

📋 What Happened This Month Among existing holdings, Mas Financial Services Limited saw the biggest increase — now at 5.09% of the portfolio. HDFC Bank Limited was trimmed the most, now at 15.24%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 55.3%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

-5.61%

-4.68%

-9.32%

-1.15%

Latest NAV

₹22.94

04 Jun 2026

52W High

₹25.91

-11% from High

52W Low

₹19.65

+17% 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

13.2%

+ve in 77% 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)

0.26

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.36

Penalises downside volatility only.

Std Deviation (3Y)

15.4%

Lower = more consistent returns.

NAV Chart ₹22.94 04 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: ₹22.94

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Banks	57.3%	56.3%	▼ -1.0%
Finance	28.2%	26.9%	▼ -1.2%
Capital Markets	7.2%	7.5%	▲ +0.3%
Financial Technology (Fintech)	1.7%	1.7%	● +0.1%
Insurance	1.6%	1.5%	● -0.1%

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%

↑

Biggest Add

Mas Financial Services Limited

+0.51% · now 5.09%

↓

Biggest Trim

HDFC Bank Limited

-0.57% · now 15.24%

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

↑ 20 Increased ↓ 15 Decreased

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Mas Financial Services Limited ₹13.34 Cr	Finance	4.58%	5.09%	+0.51%
2	Motilal Oswal Financial Services Limited ₹5.54 Cr	Capital Markets	1.83%	2.11%	+0.28%
3	Five Star Business Finance Limited ₹2.51 Cr	Finance	0.77%	0.96%	+0.19%
4	Multi Commodity Exchange of India Limited ₹3.61 Cr	Capital Markets	1.21%	1.38%	+0.17%
5	Bajaj Finance Limited ₹6.40 Cr	Finance	2.29%	2.44%	+0.15%
6	Nippon Life India Asset Management Limited ₹2.89 Cr	Capital Markets	0.96%	1.10%	+0.14%
7	DCB Bank Limited ₹4.97 Cr	Banks	1.76%	1.89%	+0.13%
8	Power Finance Corporation Limited ₹4.69 Cr	Finance	1.66%	1.79%	+0.13%
9	Computer Age Management Services Limited ₹3.91 Cr	Capital Markets	1.39%	1.49%	+0.10%
10	Bajaj Housing Finance Limited ₹2.35 Cr	Finance	0.82%	0.90%	+0.08%
11	CreditAccess Grameen Limited ₹7.07 Cr	Finance	2.63%	2.70%	+0.07%
12	Aditya Birla Capital Limited ₹2.48 Cr	Finance	0.88%	0.95%	+0.07%
13	CRISIL Limited ₹3.94 Cr	Finance	1.45%	1.51%	+0.06%
14	One 97 Communications Limited ₹3.24 Cr	Financial Technology (Fintech)	1.18%	1.24%	+0.06%
15	Ujjivan Small Finance Bank Limited ₹5.12 Cr	Banks	1.90%	1.95%	+0.05%
16	HDB Financial Services Limited ₹2.18 Cr	Finance	0.78%	0.83%	+0.05%
17	PB Fintech Limited ₹1.51 Cr	Financial Technology (Fintech)	0.54%	0.58%	+0.04%
18	CSB Bank Limited ₹2.93 Cr	Banks	1.09%	1.12%	+0.03%
19	AU Small Finance Bank Limited ₹75.22 L	Banks	0.26%	0.29%	+0.03%
20	Aditya Birla Sun Life AMC Limited ₹59.15 L	Capital Markets	0.21%	0.23%	+0.02%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	HDFC Bank Limited ₹39.93 Cr	Banks	15.81%	15.24%	-0.57%
2	ICICI Bank Limited ₹32.09 Cr	Banks	12.79%	12.25%	-0.54%
3	SBI Cards and Payment Services Limited ₹7.41 Cr	Finance	3.05%	2.83%	-0.22%
4	TVS HOLDINGS LIMTED ₹5.73 Cr	Finance	2.34%	2.19%	-0.15%
5	Karur Vysya Bank Limited ₹2.75 Cr	Banks	1.13%	1.05%	-0.08%
6	Kotak Mahindra Bank Limited ₹19.91 Cr	Banks	7.67%	7.60%	-0.07%
7	IIFL Finance Limited ₹5.72 Cr	Finance	2.24%	2.18%	-0.06%
8	HDFC Life Insurance Company Limited ₹1.27 Cr	Insurance	0.53%	0.48%	-0.05%
9	Shriram Finance Limited ₹4.47 Cr	Finance	1.74%	1.71%	-0.03%
10	SBI Life Insurance Company Limited ₹1.19 Cr	Insurance	0.49%	0.46%	-0.03%
11	Axis Bank Limited ₹21.46 Cr	Banks	8.21%	8.19%	-0.02%
12	State Bank of India ₹14.90 Cr	Banks	5.71%	5.69%	-0.02%
13	KFin Technologies Limited ₹66.10 L	Capital Markets	0.27%	0.25%	-0.02%
14	360 One WAM Limited ₹4.27 Cr	Capital Markets	1.64%	1.63%	-0.01%
15	Max Financial Services Limited ₹1.28 Cr	Insurance	0.50%	0.49%	-0.01%

Full Portfolio

36 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹39.93 Cr	Banks	15.24%
2	ICICI Bank Limited ₹32.09 Cr	Banks	12.25%
3	Axis Bank Limited ₹21.46 Cr	Banks	8.19%
4	Kotak Mahindra Bank Limited ₹19.91 Cr	Banks	7.60%
5	State Bank of India ₹14.90 Cr	Banks	5.69%
6	Mas Financial Services Limited ₹13.34 Cr	Finance	5.09%
7	SBI Cards and Payment Services Limited ₹7.41 Cr	Finance	2.83%
8	CreditAccess Grameen Limited ₹7.07 Cr	Finance	2.70%
9	Bajaj Finance Limited ₹6.40 Cr	Finance	2.44%
10	TVS HOLDINGS LIMTED ₹5.73 Cr	Finance	2.19%
11	IIFL Finance Limited ₹5.72 Cr	Finance	2.18%
12	Motilal Oswal Financial Services Limited ₹5.54 Cr	Capital Markets	2.11%
13	Ujjivan Small Finance Bank Limited ₹5.12 Cr	Banks	1.95%
14	DCB Bank Limited ₹4.97 Cr	Banks	1.89%
15	Power Finance Corporation Limited ₹4.69 Cr	Finance	1.79%
16	Shriram Finance Limited ₹4.47 Cr	Finance	1.71%
17	Aadhar Housing Finance Limited ₹4.44 Cr	Finance	1.70%
18	360 One WAM Limited ₹4.27 Cr	Capital Markets	1.63%
19	CRISIL Limited ₹3.94 Cr	Finance	1.51%
20	Computer Age Management Services Limited ₹3.91 Cr	Capital Markets	1.49%
21	Multi Commodity Exchange of India Limited ₹3.61 Cr	Capital Markets	1.38%
22	One 97 Communications Limited ₹3.24 Cr	Financial Technology (Fintech)	1.24%
23	CSB Bank Limited ₹2.93 Cr	Banks	1.12%
24	Nippon Life India Asset Management Limited ₹2.89 Cr	Capital Markets	1.10%
25	Karur Vysya Bank Limited ₹2.75 Cr	Banks	1.05%
26	Five Star Business Finance Limited ₹2.51 Cr	Finance	0.96%
27	Aditya Birla Capital Limited ₹2.48 Cr	Finance	0.95%
28	Bajaj Housing Finance Limited ₹2.35 Cr	Finance	0.90%
29	HDB Financial Services Limited ₹2.18 Cr	Finance	0.83%
30	PB Fintech Limited ₹1.51 Cr	Financial Technology (Fintech)	0.58%
31	Max Financial Services Limited ₹1.28 Cr	Insurance	0.49%
32	HDFC Life Insurance Company Limited ₹1.27 Cr	Insurance	0.48%
33	SBI Life Insurance Company Limited ₹1.19 Cr	Insurance	0.46%
34	AU Small Finance Bank Limited ₹75.22 L	Banks	0.29%
35	KFin Technologies Limited ₹66.10 L	Capital Markets	0.25%
36	Aditya Birla Sun Life AMC Limited ₹59.15 L	Capital Markets	0.23%