ReviewDirect · GrowthPrefer peers first
LIC MF Banking and Financial Services Fund
LIC Mutual FundEquity Scheme - Sectoral/ Thematic11.6 years
The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.
- NAV
- 22.0037
- 30 Oct 2026
- 1Y
- -11.6%
- Trailing CAGR
- AUM
- ₹256.37 Cr
- 30 Sept 2026
- Volatility
- High
- 20.9% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Prefer peers if · Prefer Aditya Birla Sun Life Transportation and Logistics Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
11.6 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Watch
1.55% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -44.8%. Ask whether you can hold through a similar fall.
Vs category
Fail
3% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Sudhanshu Asthana · 0.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 59.1% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 45%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-11.6%
- 3Y+5.3%
- 5Y+7.1%
- 10Y+7.7%
- SI+7.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-16.4%
- 3Y-0.9%
- 5Y+5.4%
- 10Y+8.4%
- Since inception
- +7.0%
- Calendar-day CAGR
- Excess 1Y
- -9.2%
- Category median, same plan and option
- 3Y win rate
- +3%
- Windows beating the median
- 3Y percentile
- 4
- Vs comparable share classes
- SIP 3Y XIRR
- -0.9%
- Simulated monthly SIP
- Worst rolling 3Y
- -13.6%
- 2116 daily-ending windows
- Median rolling 3Y
- +10.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +93%
- 1626 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -44.8%
- Worst peak-to-trough
- Current
- -15.1%
- Below last peak
- Current spell
- 297 days
- Days below latest peak
- Time below peak
- +94%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 25 days
- 65 recovered episodes
- Longest recovery
- 316 days
- Trough to prior peak
3 Nov 2017 – 2 Feb 2021
Trough 23 Mar 2020 · recovered in 316 days
-44.8%
6 Aug 2015 – 6 Sept 2016
Trough 25 Feb 2016 · recovered in 194 days
-33.2%
26 Oct 2021 – 8 Sept 2022
Trough 7 Mar 2022 · recovered in 185 days
-21.4%
6 Jan 2026 – open
Trough 31 Mar 2026 · not recovered
-16.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
4
Vs category
0
Consistency
21
Risk-adjusted
33
Drawdown
0
Mean
12
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Three-year return sits below the 25th percentile of comparable share classes.
- Maximum drawdown exceeded 35%.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 25 holdings · top 10 are 59.1%.
- Top 5
- 36.6%
- Top 10
- 59.1%
- Largest holding
- 13.6%
- Effective holdings
- 18.6
ICICI Bank Ltd
Financial
13.6%
AU Small Finance Bank Ltd
Financial
7.3%
Axis Bank Ltd
Financial
5.3%
One 97 Communications Ltd
Industrials
5.2%
HDFC Bank Ltd
Financial
5.1%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
30 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Transportation and Logistics Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +7.8%
- 3Y
- n/a
- Vol
- 18.1%
- Max DD
- -28.2%
- Sharpe
- 0.76
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Edelweiss Recently Listed IPO Fund
Edelweiss Mutual Fund
- 1Y
- +14.8%
- 3Y
- +16.5%
- Vol
- 18.8%
- Max DD
- -32.3%
- Sharpe
- 0.55
- 3Y win
- +49%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Franklin India Technology Fund
Franklin Templeton Mutual Fund
- 1Y
- -8.7%
- 3Y
- +11.1%
- Vol
- 16.7%
- Max DD
- -30.7%
- Sharpe
- 0.69
- 3Y win
- +59%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI Prudential Bharat Consumption Fund
ICICI Prudential Mutual Fund
- 1Y
- -9.5%
- 3Y
- +8.6%
- Vol
- 15.4%
- Max DD
- -31.3%
- Sharpe
- 0.52
- 3Y win
- +45%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -9.5%
- 3Y
- +10.3%
- Vol
- 12.6%
- Max DD
- -16.7%
- Sharpe
- 0.54
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns