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Bank of India Banking & Financial Services Fund - Direct Plan - Growth vs LIC MF Infrastructure Fund-Direct Plan-Growth
Bank of India Banking & Financial Services Fund and LIC MF Infrastructure Fund- are both in the Sectoral/ Thematic category, from Bank of India Investment Managers Private Limited and LIC Mutual Fund Asset Management Limited respectively. LIC MF Infrastructure Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
LIC MF Infrastructure Fund- has the lower direct-plan expense ratio, by 0.35 percentage points.
| Bank of India Banking & Financial Services Fund - Direct Plan - Growth | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | Bank of India Investment Managers Private Limited | LIC Mutual Fund Asset Management Limited |
| Benchmark | Nifty Financial Services TRI | Nifty Infrastructure TRI |
| NAV | ₹8.93 (2026-10-28) | ₹59.1519 (2026-10-28) |
| AUM | ₹244.31 Cr | ₹1,102.82 Cr |
| Expense Ratio (Direct) | 1.68% | 1.33% |
| Inception | 2026-01-08 | 2008-01-31 |
Returns
This fund is less than a year old, so there is not yet enough history to calculate rolling returns.
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
LIC MF Infrastructure Fund- carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Bank of India Banking & Financial Services Fund - Direct Plan - Growth | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 15.7077 | 29.8606 |
| P/B Ratio | - | 7.2862 |
| Dividend Yield | 1.3235% | 0.8311% |
| Active Share | 52.89% | 85.12% |
| Portfolio Turnover | 31% | 102% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Bank of India Banking & Financial Services Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Bank of India Banking & Financial Services Fund or LIC MF Infrastructure Fund-?
LIC MF Infrastructure Fund-'s direct-plan expense ratio is 0.35 percentage points lower than Bank of India Banking & Financial Services Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Bank of India Banking & Financial Services Fund and LIC MF Infrastructure Fund- show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Bank of India Banking & Financial Services Fund or LIC MF Infrastructure Fund-?
LIC MF Infrastructure Fund- has ₹1,103 Cr in assets under management, versus ₹244 Cr for Bank of India Banking & Financial Services Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Bank of India Banking & Financial Services Fund or LIC MF Infrastructure Fund-?
LIC MF Infrastructure Fund- launched on 2008-01-31, making it older than Bank of India Banking & Financial Services Fund (launched 2026-01-08). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.