Should I invest in LIC MF Banking and Financial Services Fund?

We don't give personal investment advice. LIC MF Banking and Financial Services Fund-Direct Plan-Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 21.4%. 5-year CAGR: 10.17%.

LIC

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

Latest NAV

₹22.8902

As of

3 Jun 2026

2,751 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.18%	+0.27%	-0.45	208 / 258	Q4
1W	-3.06%	-1.34%	-1.73	234 / 258	Q4
2W	-1.78%	+0.04%	-1.81	236 / 259	Q4
1M	-4.01%	-0.39%	-3.63	251 / 259	Q4
3M	-5.97%	+2.19%	-8.17	236 / 257	Q4
6M	-9.46%	-1.09%	-8.37	221 / 247	Q4
YTD	-9.72%	-1.30%	-8.42	230 / 247	Q4
1Y	-1.20%	+5.02%	-6.21	166 / 230	Q3
2Y	+3.20%	+5.50%	-2.30	104 / 182	Q3
3Y	+8.50%	+16.94%	-8.44	133 / 139	Q4
4Y	+13.33%	+16.57%	-3.23	89 / 119	Q3
5Y	+10.17%	+13.73%	-3.55	91 / 109	Q4
7Y	+9.10%	+16.42%	-7.32	88 / 91	Q4
10Y	+10.27%	+15.07%	-4.81	74 / 76	Q4
Inception	+7.67%	+10.45%	-2.77	173 / 259	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-9.72%	-0.94%	-8.78	228 / 244
2025	+17.78%	+4.41%	+13.38	22 / 208
2024	+1.91%	+23.18%	-21.27	154 / 155
2023	+21.86%	+33.51%	-11.66	112 / 127
2022	+20.97%	+4.32%	+16.65	9 / 116
2021	+11.46%	+34.43%	-22.97	100 / 104
2020	-1.02%	+21.19%	-22.21	88 / 94
2019	+20.38%	+9.30%	+11.08	14 / 85
2018	-16.85%	-5.36%	-11.49	64 / 77
2017	+35.66%	+35.61%	+0.06	45 / 76
2016	+10.29%	+4.98%	+5.31	20 / 76

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+11.32%

125 windows

min -34.8% · max 65.1%

73% positive

3-Year rolling

+9.92%

100 windows

min -12.7% · max 29.7%

89% positive

5-Year rolling

+9.81%

76 windows

min -5.5% · max 21.8%

93% positive

7-Year rolling

+9.73%

52 windows

min 4.2% · max 14.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

13.88%

3-year · annualised

Sharpe ratio

0.21

vs risk-free 6.5%

Sortino ratio

0.33

Downside-only deviation

Max drawdown

-16.31%

Jan 2026 → Mar 2026

% positive months

55.6%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Sectoral/Thematic Fund

Scheme	Fund house	NAV	As of
HDFC Banking & Financial Services Fund - Growth Option - Direct Plan	HDFC	₹18.0340	3 Jun 2026
Nippon India Active Momentum Fund-Direct Plan - Growth Option	Nippon India	₹12.1791	3 Jun 2026
SBI Automotive Opportunities Fund - Direct Plan - Growth	SBI	₹11.7563	3 Jun 2026
ICICI Prudential Active Momentum Fund - Direct Plan - Growth	ICICI Prudential	₹10.6800	3 Jun 2026
Invesco India Business Cycle Fund - Direct Plan - Growth	Invesco	₹13.3000	3 Jun 2026
Bandhan Business Cycle Fund - Direct Plan - Growth	Bandhan	₹9.6290	3 Jun 2026
quant BFSI Fund - Growth Option - Direct Plan	Quant	₹20.2506	3 Jun 2026
QUANTUM ESG BEST IN CLASS STRATEGY FUND - DIRECT PLAN - GROWTH OPTION	Quantum	₹23.5100	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth	Aditya Birla Sun Life	₹66.7400	3 Jun 2026
Motilal Oswal Active Momentum Fund- Direct-Growth	Motilal Oswal	₹13.3284	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹22.8902
2 Jun 2026	₹22.9324
1 Jun 2026	₹23.0097
29 May 2026	₹23.3213
27 May 2026	₹23.6138
26 May 2026	₹23.6997
25 May 2026	₹23.7924
22 May 2026	₹23.3906
21 May 2026	₹23.2190
20 May 2026	₹23.3045

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of LIC MF Banking and Financial Services Fund-Direct Plan-Growth is ₹22.8902. It's a Sectoral/Thematic Fund from LIC, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

LIC MF Banking and Financial Services Fund-Direct Plan-Growth has NAV history starting from 30 Mar 2015, a track record of about 11 years 2 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

LIC MF Banking and Financial Services Fund-Direct Plan-Growth is managed by LIC. It's classified by AMFI under the 'Sectoral/Thematic Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, LIC MF Banking and Financial Services Fund-Direct Plan-Growth has delivered a absolute return of -1.20% — -6.21 pp behind the Sectoral/Thematic Fund category average of 5.02%. The fund ranks #166 of 230 in its category — the third (Q3) quartile.

Over the trailing 3-year window, LIC MF Banking and Financial Services Fund-Direct Plan-Growth has delivered a CAGR of 8.50% — -8.44 pp behind the Sectoral/Thematic Fund category average of 16.94%. The fund ranks #133 of 139 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, LIC MF Banking and Financial Services Fund-Direct Plan-Growth has delivered a CAGR of 10.17% — -3.55 pp behind the Sectoral/Thematic Fund category average of 13.73%. The fund ranks #91 of 109 in its category — the bottom (Q4) quartile.

₹1 lakh invested in LIC MF Banking and Financial Services Fund-Direct Plan-Growth exactly 10 years ago would be worth approximately ₹265,739 today — a multiplier of 2.66×, based on the 10-year CAGR of 10.27%. The category average over the same window would have grown ₹1 lakh to ₹407,181.

A ₹10,000 monthly SIP in LIC MF Banking and Financial Services Fund-Direct Plan-Growth over the last 5 years — total invested ₹600,000 — would be worth ₹740,736 today. That's an XIRR (money-weighted annualised return) of 8.36%.

A ₹10,000 monthly SIP for 10 years in LIC MF Banking and Financial Services Fund-Direct Plan-Growth = ₹1,200,000 invested. It would currently be worth ₹1,991,079 (multiplier 1.66×). XIRR: 9.77%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, LIC MF Banking and Financial Services Fund-Direct Plan-Growth ranks #91 out of 109 funds in the Sectoral/Thematic Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 13.73%; this fund delivered 10.17%.

The worst peak-to-trough decline LIC MF Banking and Financial Services Fund-Direct Plan-Growth has experienced over the last 5-year window is 21.40% — its NAV fell from a high on 26 Oct 2021 to a low on 07 Mar 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, LIC MF Banking and Financial Services Fund-Direct Plan-Growth averaged 9.81% (best 21.84%, worst -5.51%). 93% of rolling windows ended positive. The 5-year Sharpe ratio is 0.27 — weak risk-adjusted performance.

In calendar year 2025, LIC MF Banking and Financial Services Fund-Direct Plan-Growth returned 17.78% — beating the Sectoral/Thematic Fund category average of 4.41% by 13.38 pp. It ranked #22 of 208 in its category that year.

LIC MF Banking and Financial Services Fund-Direct Plan-Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. LIC MF Banking and Financial Services Fund-Direct Plan-Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 21.4%. 5-year CAGR: 10.17%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.