ITI Banking and Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (19-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹266 Cr
Expense Ratio
0.44%
ISIN
INF00XX01BU6
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
08 Dec 2021
About this fund
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹14.99, Assets Under Management (AUM) of 265.73 Crores, and an expense ratio of 0.44%.
- ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 14.38% since inception.
- The fund's asset allocation comprises around 97.74% in equities, 0.00% in debts, and 2.26% 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
+19.74%
+20.21% (Cat Avg.)
Since Inception
+14.38%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹259.72 Cr | 97.74% |
| Others | ₹6.01 Cr | 2.26% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹63.19 Cr | 23.78% |
| ICICI Bank Ltd | Equity | ₹36.52 Cr | 13.74% |
| Axis Bank Ltd | Equity | ₹19.87 Cr | 7.48% |
| State Bank of India | Equity | ₹19.1 Cr | 7.19% |
| Kotak Mahindra Bank Ltd | Equity | ₹10.13 Cr | 3.81% |
| SBI Life Insurance Co Ltd | Equity | ₹6.78 Cr | 2.55% |
| Shriram Finance Ltd | Equity | ₹6.68 Cr | 2.51% |
| Net Receivables / (Payables) | Cash - Collateral | ₹6.01 Cr | 2.26% |
| RBL Bank Ltd | Equity | ₹5.54 Cr | 2.08% |
| Power Finance Corp Ltd | Equity | ₹5.5 Cr | 2.07% |
| Muthoot Finance Ltd | Equity | ₹5.47 Cr | 2.06% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹5.43 Cr | 2.04% |
| ICICI Securities Ltd | Equity | ₹5.27 Cr | 1.98% |
| PNB Housing Finance Ltd | Equity | ₹5.23 Cr | 1.97% |
| Max Financial Services Ltd | Equity | ₹5.12 Cr | 1.93% |
| Aditya Birla Capital Ltd | Equity | ₹5.06 Cr | 1.91% |
| Indian Energy Exchange Ltd | Equity | ₹4.73 Cr | 1.78% |
| Multi Commodity Exchange of India Ltd | Equity | ₹4.66 Cr | 1.76% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹4.66 Cr | 1.75% |
| L&T Finance Ltd | Equity | ₹4.66 Cr | 1.75% |
| PB Fintech Ltd | Equity | ₹4.04 Cr | 1.52% |
| Karur Vysya Bank Ltd | Equity | ₹3.99 Cr | 1.50% |
| REC Ltd | Equity | ₹3.97 Cr | 1.49% |
| Protean eGov Technologies Ltd | Equity | ₹3.29 Cr | 1.24% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹3.21 Cr | 1.21% |
| Go Digit General Insurance Ltd | Equity | ₹2.94 Cr | 1.10% |
| Bajaj Finance Ltd | Equity | ₹2.88 Cr | 1.08% |
| India Shelter Finance Corporation Ltd | Equity | ₹2.78 Cr | 1.05% |
| Manappuram Finance Ltd | Equity | ₹2.67 Cr | 1.00% |
| Suryoday Small Finance Bank Ltd | Equity | ₹2.56 Cr | 0.96% |
| Jio Financial Services Ltd | Equity | ₹2.41 Cr | 0.91% |
| The Federal Bank Ltd | Equity | ₹1.4 Cr | 0.53% |
Allocation By Market Cap (Equity)
Large Cap Stocks
70.42%
Mid Cap Stocks
10.89%
Small Cap Stocks
15.32%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹256.44 Cr | 96.50% |
| Technology | ₹3.29 Cr | 1.24% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
16.47%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.60
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.07
Higher the better
Fund Managers
Rohan Korde
Since April 2022
Nilay Dalal
Since May 2023
Additional Scheme Detailsas of 31st August 2024
ISIN | INF00XX01BU6 | Expense Ratio | 0.44% | Exit Load | 1.00% | Fund Size | ₹266 Cr | Age | 08 Dec 2021 | 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹9.75 Cr | 13.2% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2501.61 Cr | 27.5% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1453.08 Cr | 27.5% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2463.98 Cr | 16.1% |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹1911.12 Cr | 14.1% |
| Axis NIFTY Bank ETF Very High Risk | 0.2% | - | ₹263.94 Cr | 16.1% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹8175.89 Cr | 24.5% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1150.06 Cr | 25.9% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6138.44 Cr | 26.5% |
About the AMC
Other Funds by ITI Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| ITI Focused Equity Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹498.18 Cr | 47.0% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹63.23 Cr | 7.1% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹149.23 Cr | 7.5% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1393.09 Cr | 47.3% |
| ITI Value Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹295.38 Cr | 44.4% |
| ITI Conservative Hybrid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹14.80 Cr | 8.9% |
| ITI Dynamic Bond Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹36.11 Cr | 9.9% |
| ITI Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹384.05 Cr | 25.9% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹2355.47 Cr | 61.3% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹360.61 Cr | 35.4% |
| ITI Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹29.48 Cr | 8.2% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹265.73 Cr | 19.7% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹41.15 Cr | 8.1% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹113.49 Cr | 6.6% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1133.77 Cr | 61.0% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.29 Cr | 56.8% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹194.84 Cr | 54.0% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1228.13 Cr | 50.4% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of ITI Banking and Financial Services Fund Direct Growth?
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Who manages the ITI Banking and Financial Services Fund Direct Growth?
- Rohan Korde
- Nilay Dalal
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