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-IDCW 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: 10.11%.

LIC

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

Latest NAV

₹22.7312

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	202 / 249	Q4
1W	-3.06%	-1.33%	-1.74	226 / 249	Q4
2W	-1.78%	-0.44%	-1.34	225 / 251	Q4
1M	-4.02%	-0.98%	-3.04	238 / 251	Q4
3M	-5.98%	+0.91%	-6.89	214 / 249	Q4
6M	-9.48%	-3.35%	-6.13	191 / 241	Q4
YTD	-9.73%	-3.40%	-6.33	197 / 241	Q4
1Y	-1.23%	+2.11%	-3.34	140 / 225	Q3
2Y	+3.18%	+1.79%	+1.39	71 / 181	Q2
3Y	+8.46%	+12.30%	-3.84	105 / 142	Q3
4Y	+13.29%	+11.74%	+1.54	58 / 122	Q2
5Y	+10.11%	+8.93%	+1.18	61 / 111	Q3
7Y	+9.03%	+13.08%	-4.05	74 / 92	Q4
10Y	+10.20%	+12.03%	-1.83	53 / 77	Q3
Inception	+7.61%	+8.52%	-0.91	151 / 251	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	-9.73%	-2.64%	-7.09	195 / 237
2025	+17.75%	+1.49%	+16.27	16 / 204
2024	+1.89%	+20.10%	-18.21	154 / 158
2023	+21.79%	+30.21%	-8.41	101 / 131
2022	+20.84%	+1.48%	+19.36	6 / 119
2021	+11.33%	+31.54%	-20.21	99 / 106
2020	-1.10%	+19.90%	-21.00	88 / 95
2019	+20.30%	+6.43%	+13.87	10 / 87
2018	-16.91%	-9.17%	-7.74	57 / 78
2017	+35.59%	+32.45%	+3.14	32 / 77
2016	+10.26%	+2.96%	+7.30	17 / 77

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

+11.24%

125 windows

min -34.8% · max 64.9%

73% positive

3-Year rolling

+9.84%

100 windows

min -12.7% · max 29.6%

89% positive

5-Year rolling

+9.73%

76 windows

min -5.6% · max 21.7%

92% positive

7-Year rolling

+9.65%

52 windows

min 4.1% · 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

13.88%

3-year · annualised

Sharpe ratio

0.20

vs risk-free 6.5%

Sortino ratio

0.33

Downside-only deviation

Max drawdown

-16.32%

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 - IDCW Option - Direct Plan	HDFC	₹15.9390	3 Jun 2026
NIPPON INDIA - JAPAN EQUITY FUND - DIRECT Plan - IDCW Option	Nippon India	₹31.2458	3 Jun 2026
SBI Automotive Opportunities Fund - Direct Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹11.7560	3 Jun 2026
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW	ICICI Prudential	₹64.9400	3 Jun 2026
Invesco India Business Cycle Fund - Direct Plan - IDCW	Invesco	₹13.3100	3 Jun 2026
Bandhan Business Cycle Fund - Direct Plan - IDCW	Bandhan	₹9.6290	3 Jun 2026
quant BFSI Fund - IDCW Option - Direct Plan	Quant	₹20.2732	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹29.4200	3 Jun 2026
Motilal Oswal Active Momentum Fund- Direct-IDCW	Motilal Oswal	₹13.3281	3 Jun 2026
Franklin India Multi-Factor Fund- Direct- IDCW	Franklin India	₹9.3581	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹22.7312
2 Jun 2026	₹22.7731
1 Jun 2026	₹22.8499
29 May 2026	₹23.1594
27 May 2026	₹23.4499
26 May 2026	₹23.5353
25 May 2026	₹23.6273
22 May 2026	₹23.2283
21 May 2026	₹23.0580
20 May 2026	₹23.1429

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-IDCW is ₹22.7312. It's a Sectoral/Thematic Fund from LIC, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

LIC MF Banking and Financial Services Fund-Direct Plan-IDCW 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-IDCW 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-IDCW has delivered a absolute return of -1.23% — -3.34 pp behind the Sectoral/Thematic Fund category average of 2.11%. The fund ranks #140 of 225 in its category — the third (Q3) quartile.

Over the trailing 3-year window, LIC MF Banking and Financial Services Fund-Direct Plan-IDCW has delivered a CAGR of 8.46% — -3.84 pp behind the Sectoral/Thematic Fund category average of 12.30%. The fund ranks #105 of 142 in its category — the third (Q3) quartile.

Over the trailing 5-year window, LIC MF Banking and Financial Services Fund-Direct Plan-IDCW has delivered a CAGR of 10.11% — +1.18 pp ahead of the Sectoral/Thematic Fund category average of 8.93%. The fund ranks #61 of 111 in its category — the third (Q3) quartile.

₹1 lakh invested in LIC MF Banking and Financial Services Fund-Direct Plan-IDCW exactly 10 years ago would be worth approximately ₹264,019 today — a multiplier of 2.64×, based on the 10-year CAGR of 10.20%. The category average over the same window would have grown ₹1 lakh to ₹311,351.

A ₹10,000 monthly SIP in LIC MF Banking and Financial Services Fund-Direct Plan-IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹739,885 today. That's an XIRR (money-weighted annualised return) of 8.31%.

A ₹10,000 monthly SIP for 10 years in LIC MF Banking and Financial Services Fund-Direct Plan-IDCW = ₹1,200,000 invested. It would currently be worth ₹1,983,926 (multiplier 1.65×). XIRR: 9.71%. 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-IDCW ranks #61 out of 111 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 8.93%; this fund delivered 10.11%.

The worst peak-to-trough decline LIC MF Banking and Financial Services Fund-Direct Plan-IDCW has experienced over the last 5-year window is 21.44% — 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-IDCW averaged 9.73% (best 21.75%, worst -5.57%). 92% 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-IDCW returned 17.75% — beating the Sectoral/Thematic Fund category average of 1.49% by 16.27 pp. It ranked #16 of 204 in its category that year.

LIC MF Banking and Financial Services Fund-Direct Plan-IDCW 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-IDCW 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: 10.11%.

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