LIC MF Banking & PSU Fund - IDCW - Weekly

Scheme Objective

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized.

Scheme Details

• Fund manager(s) – Rahul Singh , Pratik Harish Shroff
• Launch date – 30-May-2007
• Expense ratio – 0.78% as declared on 31-Oct-2025 (category average is 0.69%)
• Benchmark - NIFTY Banking & PSU Debt Index A-II

• Min SIP amount - ₹1000
• Min investment amount (one time- first time) - ₹5000
• Min investment amount (addtional purchase) - ₹500
• Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Tax Rate

Any profit will be clubbed with your income and taxed at your effective tax rate.

Contact Details