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-Regular 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: 21.8%. 5-year CAGR: 8.70%.

LIC

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

Latest NAV

₹20.0523

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	-0.19%	+0.26%	-0.45	134 / 168	Q4
1W	-3.09%	-1.38%	-1.71	152 / 168	Q4
2W	-1.83%	-0.76%	-1.07	153 / 170	Q4
1M	-4.11%	-1.31%	-2.81	164 / 170	Q4
3M	-6.27%	+0.23%	-6.50	143 / 168	Q4
6M	-10.03%	-4.26%	-5.77	132 / 160	Q4
YTD	-10.19%	-4.32%	-5.87	135 / 160	Q4
1Y	-2.46%	+0.77%	-3.23	94 / 146	Q3
2Y	+1.72%	+0.22%	+1.50	51 / 104	Q2
3Y	+6.99%	+9.45%	-2.47	52 / 69	Q4
4Y	+11.80%	+8.63%	+3.18	29 / 56	Q3
5Y	+8.70%	+4.66%	+4.04	26 / 46	Q3
7Y	+7.72%	+11.96%	-4.24	27 / 32	Q4
10Y	+8.88%	+11.40%	-2.53	18 / 23	Q4
Inception	+6.41%	+5.31%	+1.09	87 / 170	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	-10.19%	-3.11%	-7.08	135 / 158
2025	+16.23%	-0.40%	+16.63	11 / 129
2024	+0.21%	+19.58%	-19.37	84 / 84
2023	+20.36%	+28.75%	-8.39	48 / 62
2022	+19.55%	+0.21%	+19.34	5 / 54
2021	+10.02%	+28.31%	-18.29	41 / 43
2020	-2.09%	+22.29%	-24.38	31 / 34
2019	+19.29%	+7.10%	+12.19	5 / 29
2018	-17.99%	-10.71%	-7.28	16 / 23
2017	+33.31%	+33.65%	-0.34	10 / 23
2016	+9.68%	+5.47%	+4.21	9 / 23

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

+9.97%

125 windows

min -35.4% · max 63.1%

70% positive

3-Year rolling

+8.56%

100 windows

min -13.8% · max 28.1%

89% positive

5-Year rolling

+8.48%

76 windows

min -6.5% · max 20.2%

92% positive

7-Year rolling

+8.40%

52 windows

min 3.0% · max 13.1%

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

13.87%

3-year · annualised

Sharpe ratio

0.10

vs risk-free 6.5%

Sortino ratio

0.16

Downside-only deviation

Max drawdown

-16.55%

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 INNOVATION FUND - IDCW - REGULAR PLAN	HDFC	₹10.4050	3 Jun 2026
Nippon India Active Momentum Fund- Regular Plan- IDCW Option	Nippon India	₹12.0306	3 Jun 2026
SBI Automotive Opportunities Fund - Regular Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹11.4968	3 Jun 2026
Invesco India Business Cycle Fund - Regular Plan - IDCW	Invesco	₹13.0300	3 Jun 2026
Bandhan Business Cycle Fund - Regular Plan - IDCW	Bandhan	₹9.3840	3 Jun 2026
quant BFSI Fund - IDCW Option - Regular Plan	Quant	₹19.3086	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - REGULAR - IDCW	Aditya Birla Sun Life	₹21.5800	3 Jun 2026
Motilal Oswal Active Momentum Fund - Regular- IDCW	Motilal Oswal	₹13.3125	3 Jun 2026
Mirae Asset Banking and Financial Services Fund Regular IDCW	Mirae Asset	₹20.1370	3 Jun 2026
Kotak Active Momentum Fund - Regular Plan - IDCW - Payout & Reinvestment	Kotak	₹10.2820	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹20.0523
2 Jun 2026	₹20.0900
1 Jun 2026	₹20.1584
29 May 2026	₹20.4335
27 May 2026	₹20.6912
26 May 2026	₹20.7672
25 May 2026	₹20.8491
22 May 2026	₹20.4991
21 May 2026	₹20.3494
20 May 2026	₹20.4251

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-Regular Plan-IDCW is ₹20.0523. It's a Sectoral/Thematic Fund from LIC, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

LIC MF Banking and Financial Services Fund-Regular 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-Regular 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-Regular Plan-IDCW has delivered a absolute return of -2.46% — -3.23 pp behind the Sectoral/Thematic Fund category average of 0.77%. The fund ranks #94 of 146 in its category — the third (Q3) quartile.

Over the trailing 3-year window, LIC MF Banking and Financial Services Fund-Regular Plan-IDCW has delivered a CAGR of 6.99% — -2.47 pp behind the Sectoral/Thematic Fund category average of 9.45%. The fund ranks #52 of 69 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, LIC MF Banking and Financial Services Fund-Regular Plan-IDCW has delivered a CAGR of 8.70% — +4.04 pp ahead of the Sectoral/Thematic Fund category average of 4.66%. The fund ranks #26 of 46 in its category — the third (Q3) quartile.

₹1 lakh invested in LIC MF Banking and Financial Services Fund-Regular Plan-IDCW exactly 10 years ago would be worth approximately ₹234,078 today — a multiplier of 2.34×, based on the 10-year CAGR of 8.88%. The category average over the same window would have grown ₹1 lakh to ₹294,429.

A ₹10,000 monthly SIP in LIC MF Banking and Financial Services Fund-Regular Plan-IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹712,841 today. That's an XIRR (money-weighted annualised return) of 6.82%.

A ₹10,000 monthly SIP for 10 years in LIC MF Banking and Financial Services Fund-Regular Plan-IDCW = ₹1,200,000 invested. It would currently be worth ₹1,847,251 (multiplier 1.54×). XIRR: 8.35%. 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-Regular Plan-IDCW ranks #26 out of 46 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 4.66%; this fund delivered 8.70%.

The worst peak-to-trough decline LIC MF Banking and Financial Services Fund-Regular Plan-IDCW has experienced over the last 5-year window is 21.77% — 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-Regular Plan-IDCW averaged 8.48% (best 20.23%, worst -6.48%). 92% of rolling windows ended positive. The 5-year Sharpe ratio is 0.19 — weak risk-adjusted performance.

In calendar year 2025, LIC MF Banking and Financial Services Fund-Regular Plan-IDCW returned 16.23% — beating the Sectoral/Thematic Fund category average of -0.40% by 16.63 pp. It ranked #11 of 129 in its category that year.

LIC MF Banking and Financial Services Fund-Regular 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-Regular 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: 21.8%. 5-year CAGR: 8.70%.

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