Holdings (29)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 19.92426082% |
| ICICI Bank Ltd. | Financial | Equity | 12.42141581% |
| Axis Bank Ltd. | Financial | Equity | 7.09424277% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.8364156% |
| MAS Financial Services Ltd. | Financial | Equity | 4.88266182% |
| State Bank of India | Financial | Equity | 4.73419543% |
| Power Finance Corporation Ltd. | Financial | Equity | 3.79246387% |
| SBI Cards And Payment Services Ltd. | Financial | Equity | 3.46047455% |
| CreditAccess Grameen Ltd. | Financial | Equity | 2.90528838% |
| Muthoot Finance Ltd. | Financial | Equity | 2.83997027% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 5.65% | 14.23% | 19.31% | 5.55% |
| Category Average | 6.71% | 16.67% | 22.69% | NA% |
| Rank Within Category | 27.00% | 16.00% | 12.00% | NA% |
Expense ratio, exit load and tax
Expense ratio: 1.18%
Inclusive of GST
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
Education
Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University.
Experience
Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.