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: 11.99%.

LIC

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

Latest NAV

₹25.0518

As of

17 Jul 2026

2,782 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	+0.86%	-0.05%	+0.91	19 / 258	Q1
1W	-0.45%	-0.18%	-0.27	184 / 258	Q3
2W	+0.24%	-0.17%	+0.41	122 / 259	Q2
1M	+3.37%	+1.63%	+1.74	69 / 259	Q2
3M	+2.94%	+4.83%	-1.88	174 / 259	Q3
6M	-1.69%	+4.61%	-6.29	209 / 250	Q4
YTD	-1.19%	+2.98%	-4.17	175 / 247	Q3
1Y	+2.61%	+5.46%	-2.85	142 / 235	Q3
2Y	+5.36%	+4.09%	+1.27	76 / 187	Q2
3Y	+9.57%	+15.93%	-6.36	132 / 148	Q4
4Y	+15.33%	+17.58%	-2.26	82 / 121	Q3
5Y	+11.99%	+13.72%	-1.73	78 / 110	Q3
7Y	+11.43%	+17.79%	-6.36	86 / 91	Q4
10Y	+10.00%	+14.89%	-4.89	73 / 76	Q4
Inception	+8.45%	+12.07%	-3.62	189 / 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	-1.19%	+3.40%	-4.59	174 / 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

+11.83%

126 windows

min -34.1% · max 57.2%

75% positive

3-Year rolling

+10.25%

102 windows

min -13.3% · max 29.4%

90% positive

5-Year rolling

+10.15%

77 windows

min -4.6% · max 23.9%

94% positive

7-Year rolling

+9.87%

53 windows

min 4.6% · max 14.4%

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

15.27%

3-year · annualised

Sharpe ratio

0.25

vs risk-free 6.5%

Sortino ratio

0.41

Downside-only deviation

Max drawdown

-16.31%

Jan 2026 → Mar 2026

% positive months

58.3%

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	₹19.7420	17 Jul 2026
Nippon India Active Momentum Fund-Direct Plan - Growth Option	Nippon India	₹13.0154	17 Jul 2026
SBI Automotive Opportunities Fund - Direct Plan - Growth	SBI	₹12.5868	17 Jul 2026
ICICI Prudential Active Momentum Fund - Direct Plan - Growth	ICICI Prudential	₹10.8700	17 Jul 2026
Invesco India Business Cycle Fund - Direct Plan - Growth	Invesco	₹14.5000	17 Jul 2026
Bandhan Business Cycle Fund - Direct Plan - Growth	Bandhan	₹10.1960	17 Jul 2026
quant BFSI Fund - Growth Option - Direct Plan	Quant	₹22.0723	17 Jul 2026
QUANTUM ESG BEST IN CLASS STRATEGY FUND - DIRECT PLAN - GROWTH OPTION	Quantum	₹24.7900	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth	Aditya Birla Sun Life	₹72.8200	17 Jul 2026
Motilal Oswal Active Momentum Fund- Direct-Growth	Motilal Oswal	₹13.5242	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹25.0518
16 Jul 2026	₹24.8375
15 Jul 2026	₹24.9932
14 Jul 2026	₹24.8548
13 Jul 2026	₹25.1957
10 Jul 2026	₹25.1662
9 Jul 2026	₹24.7999
8 Jul 2026	₹24.5397
7 Jul 2026	₹25.1777
6 Jul 2026	₹25.1741

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 17 Jul 2026, the NAV of LIC MF Banking and Financial Services Fund-Direct Plan-Growth is ₹25.0518. 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 3 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 2.61% — -2.85 pp behind the Sectoral/Thematic Fund category average of 5.46%. The fund ranks #142 of 235 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 9.57% — -6.36 pp behind the Sectoral/Thematic Fund category average of 15.93%. The fund ranks #132 of 148 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 11.99% — -1.73 pp behind the Sectoral/Thematic Fund category average of 13.72%. The fund ranks #78 of 110 in its category — the third (Q3) quartile.

₹1 lakh invested in LIC MF Banking and Financial Services Fund-Direct Plan-Growth exactly 10 years ago would be worth approximately ₹259,313 today — a multiplier of 2.59×, based on the 10-year CAGR of 10.00%. The category average over the same window would have grown ₹1 lakh to ₹400,745.

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 ₹800,963 today. That's an XIRR (money-weighted annualised return) of 11.50%.

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 ₹2,152,790 (multiplier 1.79×). XIRR: 11.25%. 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 #78 out of 110 funds in the Sectoral/Thematic Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 13.72%; this fund delivered 11.99%.

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 10.15% (best 23.86%, worst -4.57%). 94% of rolling windows ended positive. The 5-year Sharpe ratio is 0.36 — 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: 11.99%.

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