Holdings (30)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 20.55428652% |
| ICICI Bank Ltd. | Financial | Equity | 12.84707409% |
| Axis Bank Ltd. | Financial | Equity | 6.67628581% |
| State Bank of India | Financial | Equity | 5.91049625% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 5.66812687% |
| MAS Financial Services Ltd. | Financial | Equity | 3.79956252% |
| Power Finance Corporation Ltd. | Financial | Equity | 3.49783175% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | Equity | 2.8828288% |
| CSB Bank Ltd. | Financial | Equity | 2.75906403% |
| CreditAccess Grameen Ltd. | Financial | Equity | 2.53552328% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 6.10% | 15.16% | 19.25% | 5.55% |
| Category Average | 10.69% | 18.20% | 23.65% | NA% |
| Rank Within Category | 25.00% | 17.00% | 12.00% | NA% |
Expense ratio, exit load and tax
Expense ratio: 1.05%
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
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
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.