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Fund Overview

Fund Size

Fund Size

₹268 Cr

Expense Ratio

Expense Ratio

0.44%

ISIN

ISIN

INF00XX01BU6

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

08 Dec 2021

About this fund

ITI Banking and Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 2 years, 5 months and 10 days, having been launched on 08-Dec-21.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹13.48, Assets Under Management (AUM) of 267.94 Crores, and an expense ratio of 0.44%.
  • ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 11.59% since inception.
  • The fund's asset allocation comprises around 97.12% in equities, 0.00% in debts, and 2.88% 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

+18.85%

+18.76% (Cat Avg.)

Since Inception

+11.59%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity260.23 Cr97.12%
Others7.71 Cr2.88%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity48.27 Cr18.01%
ICICI Bank LtdEquity42.69 Cr15.93%
State Bank of IndiaEquity24.89 Cr9.29%
Axis Bank LtdEquity21.01 Cr7.84%
Kotak Mahindra Bank LtdEquity11.02 Cr4.11%
Shriram Finance LtdEquity8.23 Cr3.07%
Bajaj Finance LtdEquity7.2 Cr2.69%
Manappuram Finance LtdEquity5.5 Cr2.05%
City Union Bank LtdEquity5.3 Cr1.98%
RBL Bank LtdEquity5.21 Cr1.94%
Net Receivables / (Payables)Cash5.18 Cr1.93%
LIC Housing Finance LtdEquity4.85 Cr1.81%
ICICI Securities LtdEquity4.84 Cr1.81%
Suryoday Small Finance Bank LtdEquity4.77 Cr1.78%
Jio Financial Services LtdEquity4.71 Cr1.76%
Bank of IndiaEquity4.5 Cr1.68%
Canara BankEquity4.24 Cr1.58%
Karur Vysya Bank LtdEquity4.2 Cr1.57%
Indian BankEquity4.17 Cr1.56%
PB Fintech LtdEquity3.98 Cr1.49%
Cholamandalam Investment and Finance Co LtdEquity3.97 Cr1.48%
HDFC Asset Management Co LtdEquity3.89 Cr1.45%
SBI Life Insurance Company LimitedEquity3.59 Cr1.34%
DCB Bank LtdEquity3.42 Cr1.28%
India Shelter Finance Corporation LtdEquity3.36 Cr1.25%
ICICI Lombard General Insurance Co LtdEquity3.35 Cr1.25%
L&T Finance LtdEquity3.33 Cr1.24%
Muthoot Finance LtdEquity3.18 Cr1.19%
The Federal Bank LtdEquity2.76 Cr1.03%
Punjab National BankEquity2.72 Cr1.02%
Treps 02-May-2024Cash - Repurchase Agreement2.53 Cr0.94%
Can Fin Homes LtdEquity2.52 Cr0.94%
Jana Small Finance Bank LtdEquity2.4 Cr0.90%
Indiabulls Housing Finance LtdEquity2.13 Cr0.79%

Allocation By Market Cap (Equity)

Large Cap Stocks

66.31%

Mid Cap Stocks

16.67%

Small Cap Stocks

14.14%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services260.23 Cr97.12%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

17.10%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.73

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.35

Higher the better

Fund Managers

Rohan Korde

Rohan Korde

Since April 2022

ND

Nilay Dalal

Since May 2023

Additional Scheme Detailsas of 30th April 2024

ISININF00XX01BU6Expense Ratio0.44%Exit Load1.00%Fund Size₹268 CrAge08 Dec 2021Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty Financial Services TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Tata Nifty Private Bank ETF

Very High Risk

0.1%-₹8.67 Cr8.7%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2875.67 Cr76.4%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1687.15 Cr76.5%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2439.51 Cr10.9%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

0.1%-₹1911.12 Cr14.1%
Axis NIFTY Bank ETF

Very High Risk

0.2%-₹201.28 Cr10.9%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.8%1.0%₹7423.85 Cr18.1%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.3%1.0%₹1079.86 Cr21.2%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5541.72 Cr25.3%

About the AMC

Total AUM

₹6,817 Cr

Address

Mumbai, 400013

Other Funds by ITI Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
ITI Focused Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹374.57 Cr-
ITI Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹38.22 Cr7.0%
ITI Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹158.44 Cr7.4%
ITI Multi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹1122.52 Cr56.9%
ITI Value Fund Direct Growth

Very High Risk

0.5%1.0%₹218.04 Cr53.6%
ITI Conservative Hybrid Fund Direct Growth

Moderate Risk

0.2%0.0%₹14.80 Cr8.9%
ITI Dynamic Bond Fund Direct Growth

Moderate Risk

0.1%0.0%₹36.88 Cr7.6%
ITI Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹353.06 Cr26.7%
ITI Small Cap Fund Direct Growth

Very High Risk

0.2%1.0%₹1937.79 Cr70.1%
ITI Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹296.94 Cr40.7%
ITI Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.1%0.0%₹30.05 Cr7.3%
ITI Banking and Financial Services Fund Direct Growth

Very High Risk

0.4%1.0%₹267.94 Cr18.8%
ITI Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹26.27 Cr8.4%
ITI Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹211.77 Cr6.6%
ITI Mid Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹820.00 Cr72.3%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹325.14 Cr58.0%
ITI Pharma and Healthcare Fund Direct Growth

Very High Risk

0.4%1.0%₹161.86 Cr48.4%
ITI Flexi Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹937.99 Cr52.7%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of ITI Banking and Financial Services Fund Direct Growth, as of 17-May-2024, is ₹13.48.
The fund's allocation of assets is distributed as 97.12% in equities, 0.00% in bonds, and 2.88% in cash and cash equivalents.
The fund managers responsible for ITI Banking and Financial Services Fund Direct Growth are:-
  1. Rohan Korde
  2. Nilay Dalal