HealthyDirect · GrowthFit for a long SIP
LIC MF Banking & PSU Debt Fund
LIC Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund13.8 years
- NAV
- 40.0094
- 29 Oct 2026
- 1Y
- +4.2%
- Trailing CAGR
- AUM
- ₹1,597.72 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.28% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.8%. Ask whether you can hold through a similar fall.
Vs category
Fail
32% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
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
Pass
Top 10 holdings ≈ 35.4% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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+4.2%
- 3Y+7.1%
- 5Y+6.2%
- 10Y+6.9%
- SI+7.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.1%
- 3Y+6.1%
- 5Y+6.5%
- 10Y+6.6%
- Since inception
- +7.3%
- Calendar-day CAGR
- Excess 1Y
- +0.4%
- Category median, same plan and option
- 3Y win rate
- +32%
- Windows beating the median
- 3Y percentile
- 92
- Vs comparable share classes
- SIP 3Y XIRR
- +6.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.4%
- 2619 daily-ending windows
- Median rolling 3Y
- +7.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2135 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.8%
- Worst peak-to-trough
- Current
- -0.3%
- Below last peak
- Current spell
- 23 days
- Days below latest peak
- Time below peak
- +34%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 306 recovered episodes
- Longest recovery
- 59 days
- Trough to prior peak
6 Mar 2020 – 20 Apr 2020
Trough 23 Mar 2020 · recovered in 28 days
-2.8%
5 Jan 2021 – 5 Apr 2021
Trough 5 Feb 2021 · recovered in 59 days
-0.9%
6 Jun 2025 – 17 Jul 2025
Trough 13 Jun 2025 · recovered in 34 days
-0.6%
7 May 2026 – 5 Jun 2026
Trough 21 May 2026 · recovered in 15 days
-0.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
92
Vs category
52
Consistency
38
Risk-adjusted
85
Drawdown
93
Mean
72
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 49 holdings · top 10 are 35.4%.
- Top 5
- 19.4%
- Top 10
- 35.4%
- Largest holding
- 5.1%
- Effective holdings
- 37.5
Repo
Unspecified
5.1%
NLC INDIA LIMITED SR I 8.09 LOA 29MY29 FVRS10LAC
Energy & Utilities
3.9%
Nuclear Power Corpn. Of India Ltd. 8.14 25/03/2028
Energy & Utilities
3.8%
NATIONAL HIGHWAYS AUTHORITY OF INDIA SERIES IV 8.37 BD 21JN29 FVRS10LAC
Industrials
3.4%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR V 7.83 BD 24NV28 FVRS1LAC
Financial
3.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
UTI Banking & PSU Debt Fund
UTI Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.5%
- Vol
- 3.0%
- Max DD
- -6.7%
- Sharpe
- 0.44
- 3Y win
- +61%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Bajaj Finserv Banking and PSU Debt Fund
Bajaj Finserv Mutual Fund
- 1Y
- +3.8%
- 3Y
- n/a
- Vol
- 1.2%
- Max DD
- -0.8%
- Sharpe
- 0.91
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher volatility · Higher TER · Lower trailing returns
Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund)
Sundaram Mutual Fund
- 1Y
- +9.1%
- 3Y
- n/a
- Vol
- 1.3%
- Max DD
- -0.5%
- Sharpe
- 1.83
- 3Y win
- n/a
- Shallower drawdown
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Canara Robeco Banking and PSU Debt Fund
Canara Robeco Mutual Fund
- 1Y
- +3.2%
- 3Y
- +6.3%
- Vol
- 0.9%
- Max DD
- -1.0%
- Sharpe
- 0.26
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
HSBC Banking and PSU Debt Fund
HSBC Mutual Fund
- 1Y
- +3.8%
- 3Y
- +6.7%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 0.73
- 3Y win
- +0%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns