ITI Banking and Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (25-May-26)
Returns (Since Inception)
Fund Overview
Fund Size
₹362 Cr
Expense Ratio
0.68%
ISIN
INF00XX01BU6
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
08 Dec 2021
About this fund
As of 25-May-26, it has a Net Asset Value (NAV) of ₹16.98, Assets Under Management (AUM) of 362.26 Crores, and an expense ratio of 0.68%.
- ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 11.82% since inception.
- The fund's asset allocation comprises around 93.01% in equities, 0.00% in debts, and 6.99% in cash & cash equivalents.
- You can start investing in ITI Banking and Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.80%
+3.69% (Cat Avg.)
3 Years
+14.32%
+12.33% (Cat Avg.)
Since Inception
+11.82%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2026
| Equity | ₹336.95 Cr | 93.01% |
| Others | ₹25.32 Cr | 6.99% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹38.13 Cr | 10.53% |
| State Bank of India | Equity | ₹32.71 Cr | 9.03% |
| HDFC Bank Ltd | Equity | ₹32.2 Cr | 8.89% |
| Axis Bank Ltd | Equity | ₹28.64 Cr | 7.91% |
| Net Receivables / (Payables) | Cash | ₹25.32 Cr | 6.99% |
| Kotak Mahindra Bank Ltd | Equity | ₹22.84 Cr | 6.31% |
| Bajaj Finance Ltd | Equity | ₹18.82 Cr | 5.19% |
| Shriram Finance Ltd | Equity | ₹16.08 Cr | 4.44% |
| BSE Ltd | Equity | ₹11.76 Cr | 3.25% |
| SBI Life Insurance Co Ltd | Equity | ₹9.03 Cr | 2.49% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹8.47 Cr | 2.34% |
| Multi Commodity Exchange of India Ltd | Equity | ₹8.02 Cr | 2.21% |
| RBL Bank Ltd | Equity | ₹7.53 Cr | 2.08% |
| AU Small Finance Bank Ltd | Equity | ₹7.2 Cr | 1.99% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹5.82 Cr | 1.61% |
| Aditya Birla Capital Ltd | Equity | ₹5.58 Cr | 1.54% |
| Home First Finance Co India Ltd --- | Equity | ₹5.56 Cr | 1.54% |
| City Union Bank Ltd | Equity | ₹5.54 Cr | 1.53% |
| Power Finance Corp Ltd | Equity | ₹5.51 Cr | 1.52% |
| Bandhan Bank Ltd | Equity | ₹5.5 Cr | 1.52% |
| IndusInd Bank Ltd | Equity | ₹5.46 Cr | 1.51% |
| PNB Housing Finance Ltd | Equity | ₹5.43 Cr | 1.50% |
| Ujjivan Small Finance Bank Ltd Ordinary Shares | Equity | ₹5.42 Cr | 1.50% |
| DCB Bank Ltd | Equity | ₹5.31 Cr | 1.46% |
| Union Bank of India | Equity | ₹5.26 Cr | 1.45% |
| Fusion Finance Ltd | Equity | ₹4.8 Cr | 1.32% |
| Muthoot Finance Ltd | Equity | ₹4.55 Cr | 1.26% |
| Five-Star Business Finance Ltd | Equity | ₹4.48 Cr | 1.24% |
| IIFL Finance Ltd | Equity | ₹3.76 Cr | 1.04% |
| Manappuram Finance Ltd | Equity | ₹3.59 Cr | 0.99% |
| Jammu & Kashmir Bank Ltd | Equity | ₹3.51 Cr | 0.97% |
| Can Fin Homes Ltd | Equity | ₹3.5 Cr | 0.97% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹3.49 Cr | 0.96% |
| Indian Bank | Equity | ₹3.44 Cr | 0.95% |
Allocation By Market Cap (Equity)
Large Cap Stocks
61.35%
Mid Cap Stocks
12.41%
Small Cap Stocks
19.26%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹336.95 Cr | 93.01% |
Risk & Performance Ratios
Standard Deviation
This fund
16.04%
Cat. avg.
16.91%
Lower the better
Sharpe Ratio
This fund
0.53
Cat. avg.
0.43
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.65
Higher the better
Fund Managers
Nilay Dalal
Since May 2023
Animesh Singh
Since May 2026
Additional Scheme Detailsas of 30th April 2026
ISIN INF00XX01BU6 | Expense Ratio 0.68% | Exit Load No Charges | Fund Size ₹362 Cr | Age 4 years 5 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Financial Services TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Sector - Financial Services Funds
About the AMC
Other Funds by ITI Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| ITI Business Cycle Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹103.16 Cr | - |
| Diviniti Equity Long Short Fund Direct Growth Very High Risk | 1.0% | 0.0% | ₹415.67 Cr | - |
| ITI Bharat Consumption Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹346.27 Cr | 1.4% |
| ITI Large & Mid Cap Fund Direct Growth Very High Risk | 2.4% | 0.0% | ₹735.57 Cr | 1.0% |
| ITI Focused Equity Fund Direct Growth Very High Risk | 5.3% | 0.0% | ₹561.17 Cr | 12.7% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹54.64 Cr | 6.2% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹141.03 Cr | 6.2% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹1364.64 Cr | 10.3% |
| ITI Value Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹352.62 Cr | 5.7% |
| ITI Conservative Hybrid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹14.80 Cr | 8.9% |
| ITI Dynamic Bond Fund Direct Growth Moderately High risk | 0.3% | 0.0% | ₹29.77 Cr | 1.1% |
| ITI Balanced Advantage Fund Direct Growth Moderate Risk | 1.6% | 0.0% | ₹351.17 Cr | 0.4% |
| ITI Small Cap Fund Direct Growth Very High Risk | 1.0% | 0.0% | ₹2936.51 Cr | 10.9% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹369.62 Cr | -1.1% |
| ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹37.84 Cr | 4.4% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹362.26 Cr | 6.8% |
| ITI Arbitrage Fund Direct Growth Low Risk | 1.1% | 0.0% | ₹87.59 Cr | 6.8% |
| ITI Overnight Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹15.61 Cr | 5.1% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹1358.05 Cr | 10.6% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 1.9% | 0.0% | ₹434.10 Cr | 2.5% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 3.1% | 0.0% | ₹229.56 Cr | 7.0% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 1.3% | 0.0% | ₹1290.33 Cr | 7.3% |
Risk Level
Your principal amount will be at Very High Risk
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Who manages the ITI Banking and Financial Services Fund Direct Growth?
- Nilay Dalal
- Animesh Singh
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