Mutual fund

LIC MF BANKING AND FINANCIAL SERVICES FUND

LIC Mutual Fund · Equity

Current range: July 2026 → August 2026

Fund Quality

Not rated

Sector and thematic funds are not rated against diversified peers.

Increasing Financial Services exposure while reducing Automobile and Auto Components.

Sector allocation, Feb 2026 → Aug 2026

24Holdings
9Increased
2Reduced
1New
2Exited

AUM ₹275 cr · 31 Aug 202659 historical disclosures

Fund Quality

Not rated

Sector and thematic funds are not rated against diversified peers.

How Fund Quality works

Each diversified active fund is compared with its current category peers over identical five- and three-year windows, using its Direct Growth plan. Index funds, ETFs and sector or thematic funds are not rated.
Six dimensions are scored 0–100 against peers. Returns, consistency and downside protection carry most of the weight; value for money, portfolio risk and manager stability support them. A dimension without evidence is left out and the rest re-weighted; it is never scored as zero or average.
Great is 85+, Good 70–85, Average 50–70, Poor 30–50 and Awful below 30. Great also needs strong returns, consistency and downside protection and five years of history; weak downside protection caps a fund at Average.
A rating with all three core dimensions and only one supporting dimension is provisional and lower confidence. Without all three core dimensions there is no rating.
Fund Quality is not a return ranking and not a recommendation. Past performance does not predict future returns.
Peers are the plan's current AMFI category; dated category history is not loaded, so a fund that changed category is compared with its current peers throughout.
Closed and merged schemes are not loaded, so peer groups contain survivors only.
No fund-to-benchmark mapping is loaded, so nothing here measures performance against the fund's benchmark.
Manager & process stability is not assessed: its data is not loaded. Mandate discipline is not part of the rating.
Fund Quality describes past evidence. In a 2019–2023 test, funds with higher return, consistency and downside scores did not go on to beat their peers over the next three years.
Past performance and risk do not predict future results. Fund Quality is not a recommendation to buy, sell or switch.
Methodology fund_quality_v1, NAV as of 1 Oct 2026.

Latest changes

Current range: July 2026 → August 2026

What changed?

Current range: July 2026 → August 2026

StockSharesPortfolio weight

One 97 Communications Ltd.PAYTM

Financial Services

Shares+₹5.3 cr63.05K → 80.05K+17.00K+27.0% shares

Portfolio weight3.1% → 5.0%+1.9 pp weight

AU Small Finance Bank Ltd.AUBANK

Financial Services

Shares+₹4.7 cr148.40K → 185.90K+37.50K+25.3% shares

Portfolio weight5.8% → 7.4%+1.6 pp weight

City Union Bank Ltd.CUB

Financial Services

Shares+₹3.9 cr391.67K → 521.67K+130.00K+33.2% shares

Portfolio weight3.0% → 4.4%+1.4 pp weight

PB Fintech Ltd.POLICYBZR

Financial Services

Shares+₹3.6 cr62.07K → 72.07K+10.00K+16.1% shares

Portfolio weight3.7% → 4.9%+1.2 pp weight

DCB Bank LimitedDCBBANK

Financial Services

Shares+₹3.4 cr265.88K → 380.88K+115.00K+43.3% shares

Portfolio weight1.8% → 3.0%+1.2 pp weight

Shriram Finance Ltd.SHRIRAMFIN

Financial Services

Shares+₹3.3 cr79.46K → 104.46K+25.00K+31.5% shares

Portfolio weight3.1% → 4.2%+1.1 pp weight

Motilal Oswal Financial Services Ltd.MOTILALOFS

Financial Services

Shares+₹2.8 cr69.24K → 82.99K+13.75K+19.9% shares

Portfolio weight2.2% → 3.1%+1.0 pp weight

Max Financial Services Ltd.MFSL

Financial Services

Shares+₹2.3 cr32.09K → 45.09K+13.00K+40.5% shares

Portfolio weight1.8% → 2.6%+0.8 pp weight

360 ONE WAM Ltd.360ONE

Financial Services

Shares+₹2.0 cr41.30K → 57.05K+15.75K+38.1% shares

Portfolio weight1.7% → 2.4%+0.7 pp weight

Current portfolio

Disclosed holdings for August 2026. Change columns use share quantities, with earlier quantities adjusted when a corporate action has a usable ratio.

Current range: Change columns compare with July 2026


ICICI Bank Ltd.ICICIBANK	Financial Services	+₹49.1 L0.0% shares	263.99K	14.0%	+₹38.4 cr	Unchanged
AU Small Finance Bank Ltd.AUBANK	Financial Services	+₹4.7 cr+25.3% shares	185.90K	7.4%	+₹20.2 cr	Increased
Axis Bank Ltd.AXISBANK	Financial Services	−₹9.5 cr−43.0% shares	111.24K	5.3%	+₹14.5 cr	Reduced
One 97 Communications Ltd.PAYTM	Financial Services	+₹5.3 cr+27.0% shares	80.05K	5.0%	+₹13.7 cr	Increased
Bajaj Finance Ltd.BAJFINANCE	Financial Services	−₹1.1 cr0.0% shares	129.76K	5.0%	+₹13.7 cr	Unchanged
PB Fintech Ltd.POLICYBZR	Financial Services	+₹3.6 cr+16.1% shares	72.07K	4.9%	+₹13.5 cr	Increased
IndusInd Bank Ltd.INDUSINDBK	Financial Services	+₹5.5 L0.0% shares	131.50K	4.9%	+₹13.4 cr	Unchanged
HDFC Bank Ltd.HDFCBANK	Financial Services	−₹9.1 cr−38.0% shares	183.89K	4.8%	+₹13.0 cr	Reduced
City Union Bank Ltd.CUB	Financial Services	+₹3.9 cr+33.2% shares	521.67K	4.4%	+₹12.0 cr	Increased
Shriram Finance Ltd.SHRIRAMFIN	Financial Services	+₹3.3 cr+31.5% shares	104.46K	4.2%	+₹11.6 cr	Increased
Karur Vysya Bank Ltd.KARURVYSYA	Financial Services	+₹13.8 L0.0% shares	268.68K	3.4%	+₹9.3 cr	Unchanged
Nippon Life India Asset Management Ltd.NAM-INDIA	Financial Services	+₹8.6 L0.0% shares	78.64K	3.4%	+₹9.2 cr	Unchanged
BSE Ltd.BSE	Financial Services	−₹99.2 L0.0% shares	27.25K	3.3%	+₹8.9 cr	Unchanged
Motilal Oswal Financial Services Ltd.MOTILALOFS	Financial Services	+₹2.8 cr+19.9% shares	82.99K	3.1%	+₹8.7 cr	Increased
Aditya Birla Capital Ltd.ABCAPITAL	Financial Services	+₹10.4 L0.0% shares	203.35K	3.0%	+₹8.3 cr	Unchanged
DCB Bank LimitedDCBBANK	Financial Services	+₹3.4 cr+43.3% shares	380.88K	3.0%	+₹8.3 cr	Increased
Cholamandalam Investment and Finance Company Ltd.CHOLAFIN	Financial Services	+₹8.2 cr—	44.00K	3.0%	+₹8.2 cr	New
CreditAccess Grameen Ltd.CREDITACC	Financial Services	−₹1.2 cr0.0% shares	54.39K	2.7%	+₹7.4 cr	Unchanged
Max Financial Services Ltd.MFSL	Financial Services	+₹2.3 cr+40.5% shares	45.09K	2.6%	+₹7.1 cr	Increased
360 ONE WAM Ltd.360ONE	Financial Services	+₹2.0 cr+38.1% shares	57.05K	2.4%	+₹6.7 cr	Increased
Aditya Birla Sun Life AMC Ltd.ABSLAMC	Financial Services	+₹24.3 L0.0% shares	60.79K	2.3%	+₹6.4 cr	Unchanged
Ujjivan Small Finance Bank LimitedUJJIVANSFB	Financial Services	−₹23.8 L0.0% shares	899.54K	2.3%	+₹6.2 cr	Unchanged
Aadhar Housing Finance Ltd.AADHARHFC	Financial Services	−₹33.9 L0.0% shares	118.44K	2.0%	+₹5.5 cr	Unchanged
Aavas Financiers Ltd.AAVAS	Financial Services	−₹39.4 L0.0% shares	40.00K	1.8%	+₹5.0 cr	Unchanged
Power Finance Corporation Ltd.PFC	Financial Services	−₹7.0 cr−100.0% shares	0	—	₹0	Exited
SBI Life Insurance Company Ltd.SBILIFE	Financial Services	−₹5.4 cr−100.0% shares	0	—	₹0	Exited

LIC MF BANKING AND FINANCIAL SERVICES FUND

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Intersector Rotation

Intrasector Rotation — Financial Services

Capital Rotation

Current portfolio

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Capital Rotation

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Intersector Rotation

Intrasector Rotation — Financial Services

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