Holdings (34)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 19.38248133% |
| ICICI Bank Ltd. | Financial | Equity | 12.28591483% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.62253517% |
| Axis Bank Ltd. | Financial | Equity | 6.50324971% |
| MAS Financial Services Ltd. | Financial | Equity | 4.68192606% |
| State Bank of India | Financial | Equity | 4.35652373% |
| SBI Cards And Payment Services Ltd. | Financial | Equity | 3.57387922% |
| CreditAccess Grameen Ltd. | Financial | Equity | 3.33249762% |
| Power Finance Corporation Ltd. | Financial | Equity | 3.10269604% |
| Shriram Finance Ltd | Financial | Equity | 2.96886998% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 9.76% | 13.80% | 18.27% | 5.55% |
| Category Average | 10.21% | 16.30% | 21.91% | NA% |
| Rank Within Category | 19.00% | 15.00% | 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.