LIC MF Banking & PSU Debt Fund

Banking & PSUDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

LIC MF Banking & PSU Debt Fund is a Banking & PSU fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹1,598 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.6% a year. Its benchmark, NIFTY Banking & PSU Debt Index A-II, returned 6.6% a year over the same 3 years.

NAV (Direct plan): ₹40.02; ▲ 0.03%30-10-2026
NAV (Regular plan): ₹36.89; ▲ 0.02%30-10-2026
Expense ratio: 0.28%Direct0.65%Regular; 0.28%; A year
Riskometer: Not available; Set by the fund house
3 year return: 7.1%Direct6.6%Regular; 7.1%; A year

LIC MF Banking & PSU Debt Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹40.02 (up 0.03% that day); Regular Plan Growth ₹36.89 (up 0.02% that day).

This fund (Direct plan)

₹40.0195

LIC MF Banking & PSU Debt Fund Returns vs NIFTY Banking & PSU Debt Index A-II

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.17%	+0.39%	+2.58%	+4.25%	+7.11%	+6.22%	+6.91%
This fund (Regular)	−0.20%	+0.29%	+2.38%	+3.83%	+6.61%	+5.69%	+6.34%
NIFTY Banking & PSU Debt Index A-II	+0.16%	+0.57%	+2.67%	+4.43%	+6.60%	+5.65%	--
Banking & PSU average	−0.21%	+0.14%	+2.36%	+4.04%	+6.88%	+6.22%	+6.95%
Best in Banking & PSU	+0.29%	+1.41%	+3.21%	+5.74%	+7.47%	+7.79%	+7.22%
Worst in Banking & PSU	−0.45%	−0.53%	+1.89%	+2.97%	+6.32%	+5.58%	+6.46%
Rank in Banking & PSU	8/19	6/19	7/19	5/19	3/18	7/16	10/13

Category rows compare the Direct plans of 19 Banking & PSU funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

LIC MF Banking & PSU Debt Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.54%	+3.21%
2025	+8.03%	+7.49%
2024	+8.32%	+7.78%
2023	+7.07%	+6.51%
2022	+3.63%	+3.06%
2021	+3.14%	+2.57%

LIC MF Banking & PSU Debt Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,618 periods, one for each trading day from 04-01-2016 to 30-10-2026.

0%2%4%6%8%10%12%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

LIC MF Banking & PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,093	7.6%	2.4%	12.2%	0%	8.1%	37%
2 years	2,858	7.7%	3.1%	11.0%	0%	7.9%	36%
3 years	2,618	7.7%	4.4%	9.3%	0%	7.8%	32%
5 years	2,134	7.0%	6.0%	8.8%	0%	7.3%	2%
7 years	1,652	7.2%	6.2%	8.7%	0%	7.4%	0%
10 years	924	7.2%	6.9%	7.5%	0%	7.7%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	7.6%	2.1%	12.9%	0%	7.9%	35%
2 years	142	7.5%	3.0%	11.1%	0%	7.8%	37%
3 years	130	7.5%	3.9%	10.4%	0%	7.5%	35%
5 years	106	7.2%	5.5%	9.4%	0%	7.2%	29%
7 years	82	6.7%	6.2%	8.9%	0%	7.0%	0%
10 years	46	6.9%	6.7%	7.4%	0%	7.2%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

LIC MF Banking & PSU Debt Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	LIC MF Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+4.25%	+4.04%
Standard deviation	1.22%	1.18%
Sharpe ratio	-0.81	-1.02
Sortino ratio	-1.12	-1.39
Maximum drawdown	−0.55% (21-05-2026)	−0.54% (02-04-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	LIC MF Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+7.11%	+6.89%
Standard deviation	1.06%	1.00%
Sharpe ratio	1.02	0.87
Sortino ratio	1.54	1.29
Maximum drawdown	−0.59% (13-06-2025)	−0.54% (02-04-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	LIC MF Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+6.22%	+6.19%
Standard deviation	0.95%	0.98%
Sharpe ratio	0.44	0.39
Sortino ratio	0.65	0.54
Maximum drawdown	−0.59% (13-06-2025)	−0.91% (05-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	LIC MF Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+6.91%	+6.96%
Standard deviation	1.30%	1.60%
Sharpe ratio	1.16	0.98
Sortino ratio	1.93	1.59
Maximum drawdown	−2.8% (23-03-2020)	−3.2% (23-03-2020)

From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	LIC MF Banking & PSU Debt Fund (Direct)This fund	Category average
Return (CAGR)	+7.27%	+7.65%
Standard deviation	1.15%	1.46%
Sharpe ratio	1.06	1.12
Sortino ratio	1.73	1.76
Maximum drawdown	−2.8% (23-03-2020)	−3.2% (23-03-2020)

From daily NAVs, 03-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−4%−3%−2%−1%0%

2014201620182020202220242026

LIC MF Banking & PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
LIC MF Banking & PSU Debt Fund (Direct)	−2.8%	06-03-2020	23-03-2020	20-04-2020	28 days	−0.28%
Category average	−3.2%	06-03-2020	23-03-2020	20-04-2020	28 days	−0.37%

From the Direct plan's daily NAV since 03-01-2013, adjusted for unit splits, and the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

LIC MF Banking & PSU Debt Fund vs Other Banking & PSU Funds

The five Banking & PSU funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
UTI Banking & PSU Debt Fund	1/18	1,448	0.24%	+5.74%	+7.47%	--	--	1.92	3.16	Compare
Franklin India Banking & PSU Debt Fund	2/18	565	0.23%	+5.39%	+7.31%	--	--	1.31	2.00	Compare
LIC MF Banking & PSU Debt Fund	3/18	1,598	0.28%	+4.25%	+7.11%	--	--	1.02	1.54
SBI Banking & PSU Debt Fund	4/18	3,512	0.41%	+4.41%	+7.07%	--	--	1.04	1.57	Compare
Kotak Banking and PSU Debt Fund	5/18	4,761	0.40%	+4.03%	+7.01%	--	--	0.86	1.26	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

LIC MF Banking & PSU Debt Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Banking & PSU median	Cost rank (1 = cheapest)
Direct	0.23%	0.01%	0.00%	0.04%	0.28%	0.36%	5/19
Regular	0.57%	0.01%	0.00%	0.07%	0.65%	0.70%	6/19

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Banking & PSU funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	3.83%	4.25%	0.42%	₹1,03,830	₹1,04,250
3 years	6.61%	7.11%	0.50% a year	₹1,21,170	₹1,22,883
5 years	5.69%	6.22%	0.53% a year	₹1,31,877	₹1,35,217
10 years	6.34%	6.91%	0.57% a year	₹1,84,913	₹1,95,067

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

LIC MF Banking & PSU Debt Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-03-2013 to 30-10-2026: 164 instalments, ₹16,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planLIC MF Banking & PSU Debt Fund (Direct)	₹16,40,000	₹26,79,244	₹10,39,244	6.9%
Regular planLIC MF Banking & PSU Debt Fund (Regular)	₹16,40,000	₹25,66,420	₹9,26,420	6.3%
Category averageCategory average, 19 Banking & PSU funds	₹16,40,000	₹27,18,171	₹10,78,171	7.1%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planLIC MF Banking & PSU Debt Fund (Direct)Regular planLIC MF Banking & PSU Debt Fund (Regular)Category averageCategory average, 19 Banking & PSU fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

LIC MF Banking & PSU Debt Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

94.4%Debt

Asset	Fund	Category
Debt	94.4%	91.5%
Cash and others	5.6%	8.5%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 19 Banking & PSU funds.

Rating	Fund	Category
Sovereign	8.0%	8.9%
AAA and A1+	86.4%	81.8%

LIC MF Banking & PSU Debt Fund Portfolio Holdings

As on 30-09-2026 · 47 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
8.09% NLC India Ltd. · Bond	ICRA AAA	3.89%
8.14% Nuclear Power Corporation · Bond	CRISIL AAA	3.80%
8.37% National Highways Authority of India · Bond	CRISIL AAA	3.37%
7.83% Small Industries Development Bk of India · Bond	CRISIL AAA	3.34%
7.75% Bharti Telecom Ltd. · Bond	CRISIL AAA	3.24%
7.62% National Bk for Agriculture & Rural Dev. · Bond	CRISIL AAA	3.21%
7.37% Indian Railway Finance Corporation Ltd. · Bond	CRISIL AAA	3.21%
7.46% REC Ltd. · Bond	CRISIL AAA	3.18%
91 DAYS TBILL RED 29-10-2026 · Treasury bill	SOVEREIGN	3.12%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	3.09%
Kotak Mahindra Bank Ltd.	CRISIL A1+	3.07%
Bank of Baroda · Certificate of deposit	FITCH A1+	3.07%
Canara Bank · Certificate of deposit	CRISIL A1+	3.06%
ICICI Bank Ltd.	CRISIL A1+	3.06%
National Bk for Financing Infra and Dev · Certificate of deposit	FITCH A1+	3.04%
Indian Bank · Certificate of deposit	CRISIL A1+	2.97%
7.42% Power Finance Corporation Ltd. · Bond	CRISIL AAA	2.61%
7.43% Jamnagar Utilities & Power Pvt. Ltd. · Bond	CRISIL AAA	2.60%
8.83% Export Import Bank of India · Bond	CRISIL AAA	2.43%
Canara Bank · Certificate of deposit	CRISIL A1+	2.08%
7.39% Indian Railway Finance Corporation Ltd. · Bond	CRISIL AAA	1.90%
7.05% Jio Credit Ltd. · Bond	CRISIL AAA	1.65%
8.54% REC Ltd. · Bond	CRISIL AAA	1.64%
6.66% National Bk for Agriculture & Rural Dev. · Bond	ICRA AAA	1.63%
7.28% REC Ltd. · Bond	CRISIL AAA	1.60%
7.49% Small Industries Development Bk of India · Bond	CRISIL AAA	1.59%
7.4% Power Finance Corporation Ltd. · Bond	CRISIL AAA	1.59%
7.7% Small Industries Development Bk of India · Bond	CRISIL AAA	1.57%
7.43% National Bk for Agriculture & Rural Dev. · Bond	ICRA AAA	1.57%
7.23% Housing & Urban Development Corp Ltd. · Bond	ICRA AAA	1.57%
6.64% Housing & Urban Development Corp Ltd. · Bond	ICRA AAA	1.56%
6.87% REC Ltd. · Bond	ICRA AAA	1.55%
91 DAYS TBILL RED 03-12-2026 · Treasury bill	SOVEREIGN	1.55%
6.73% Power Finance Corporation Ltd. · Bond	CRISIL AAA	1.55%
Punjab National Bank · Certificate of deposit	CRISIL A1+	1.53%
Government of India · Government security	SOVEREIGN	1.06%
7.71% Government of India · Government security	SOVEREIGN	1.03%
8.13% Nuclear Power Corporation · Bond	CRISIL AAA	0.95%
6.47% Indian Railway Finance Corporation Ltd. · Bond	CRISIL AAA	0.95%
6.61% Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.94%
7.79% Bajaj Finance Ltd. · Bond	CRISIL AAA	0.92%
Small Industries Development Bk of India · Certificate of deposit	CRISIL A1+	0.88%
7.45% Export Import Bank of India · Bond	CRISIL AAA	0.65%
7.63% Government of India · Government security	SOVEREIGN	0.63%
182 DAYS TBILL RED 18-02-2027 · Treasury bill	SOVEREIGN	0.61%
SBI CDMDF--A2		0.34%
7.34% Small Industries Development Bk of India · Bond	CRISIL AAA	0.31%

LIC MF Banking & PSU Debt Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Aditya Birla Sun Life Corporate Bond FundCorporate Bond · Aditya Birla Sun Life	13.1%	18	Compare
LIC MF Money Market FundMoney Market · LIC	13.1%	7	Compare
LIC MF Medium to Long Term FundMedium to Long Duration · LIC	12.4%	8	Compare
Sundaram Corporate Bond FundCorporate Bond · Sundaram	11.7%	5	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

LIC MF Banking & PSU Debt Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.28%
Expense ratio (Regular): 0.65%
Category: Banking & PSU
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹1,597.72 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 120338
ISIN (Direct): INF767K01GI4
Scheme code (Regular): 105823
ISIN (Regular): INF767K01535
NAV history: From 03-01-2013, 13.8 years

Exit load: Not available

Tax on LIC MF Banking & PSU Debt Fund returns

LIC MF Banking & PSU Debt Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹40.0195	30-10-2026
direct	Daily IDCW	₹14.2771	30-10-2026
direct	Monthly IDCW	₹15.0718	30-10-2026
direct	Weekly IDCW	₹10.0295	30-10-2026
regular	Growth	₹36.8947	30-10-2026
regular	Daily IDCW	₹11.8372	30-10-2026
regular	Monthly IDCW	₹13.8083	30-10-2026
regular	Weekly IDCW	₹10.3548	30-10-2026

About LIC MF Banking & PSU Debt Fund

LIC MF Banking & PSU Debt Fund is a mutual fund from LIC Mutual Fund. Its category is Banking & PSU. At the end of September 2026 it held 47 securities.

Fund Manager

Not available

See all funds of LIC Mutual Fund

AUM change

September 2026: ₹1,597.72 Cr; −3.10% from August 2026
August 2026: ₹1,648.88 Cr; −11.79% from July 2026
July 2026: ₹1,869.28 Cr; +0.18% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare LIC MF Banking & PSU Debt Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

LIC MF Banking & PSU Debt vs UTI Banking & PSU DebtBanking & PSU
LIC MF Banking & PSU Debt vs Franklin India Banking & PSU DebtBanking & PSU
LIC MF Banking & PSU Debt vs SBI Banking & PSU DebtBanking & PSU
LIC MF Banking & PSU Debt vs Kotak Banking and PSU DebtBanking & PSU
LIC MF Banking & PSU Debt vs Aditya Birla Sun Life Corporate Bond13.1% overlap
LIC MF Banking & PSU Debt vs LIC MF Money Market13.1% overlap
LIC MF Banking & PSU Debt vs LIC MF Medium to Long Term12.4% overlap
LIC MF Banking & PSU Debt vs Sundaram Corporate Bond11.7% overlap

Compare with any other fund

Frequently Asked Questions for LIC MF Banking & PSU Debt Fund

What is the current NAV of LIC MF Banking & PSU Debt Fund?

The Direct plan NAV is ₹40.0195. The Regular plan NAV is ₹36.8947, as on 30-10-2026.

What are the returns of LIC MF Banking & PSU Debt Fund?

The Direct plan returned +4.25% in 1 year, +7.11% a year over 3 years, +6.22% a year over 5 years. The Regular plan returned +3.83% in 1 year, +6.61% a year over 3 years, +5.69% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of LIC MF Banking & PSU Debt Fund?

The Direct plan charges 0.28% a year. The Regular plan charges 0.65% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of LIC MF Banking & PSU Debt Fund?

LIC MF Banking & PSU Debt Fund managed ₹1,597.72 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of LIC MF Banking & PSU Debt Fund?

At the end of September 2026 the largest holdings were 8.09% NLC India Ltd. (3.89%), 8.14% Nuclear Power Corporation (3.80%), 8.37% National Highways Authority of India (3.37%), 7.83% Small Industries Development Bk of India (3.34%), 7.75% Bharti Telecom Ltd. (3.24%). The fund held 47 securities in all.

How do I invest in LIC MF Banking & PSU Debt Fund?

Through LIC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

How has LIC MF Banking & PSU Debt Fund performed against its benchmark?

Its benchmark is NIFTY Banking & PSU Debt Index A-II. The Direct plan returned +6.22% a year over 5 years. The benchmark returned +5.65% a year over 5 years.

How does LIC MF Banking & PSU Debt Fund rank in its category?

The Direct plan ranks 3 of 18 Banking & PSU funds by its 3 year return. The category average is +6.88% a year.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.