NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹22.30
-1.35%
NAV as on 13 Feb 26, 12:00 AM
very high risk
sector financial services
equity
NAV as on 13 Feb 26, 12:00 AM
very high risk
sector financial services
equity
22.83%p.a.
Last 1Y
13.07%p.a.
Last 3Y
9.61%p.a.
Last 5Y
7.42%p.a.
Since Inception
About LIC MF Banking & Financial Services Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Banking & Financial Services Fund -Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Mar 2015, LIC MF Banking & Financial Services Fund -Growth is Sector - Financial Services fund of its category with 278.17 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
- LIC MF Banking & Financial Services Fund -Growth delivered 22.8% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
- LIC MF Banking & Financial Services Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
Axis Bank Ltd
8.34%
CSB Bank Ltd
1.27%
Cholamandalam Investment & Finance Company Ltd
0.38%
DCB Bank Ltd
1.71%
DHFL VYSYA HOUSING FINANCE LIMITED EQ
1.61%
HDFC Bank Ltd
17.70%
ICICI Bank Ltd
12.37%
IIFL Finance Ltd
2.37%
Kotak Mahindra Bank Ltd
6.41%
Mahindra & Mahindra Financial Services Ltd
2.68%
Fund Managers
- Jaiprakash Toshniwal (Sep 2021 - Present)
Key Information
View Scheme Document
LIC MF Banking & Financial Services Fund -Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on LIC MF Banking & Financial Services Fund -Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in LIC MF Banking & Financial Services Fund -Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in LIC MF Banking & Financial Services Fund -Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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21.8%
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Frequently Asked Questions
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