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Fund Overview

Fund Size

Fund Size

₹259 Cr

Expense Ratio

Expense Ratio

2.34%

ISIN

ISIN

INF00XX01BR2

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 Regular Growth is a Sector - Financial Services mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 2 years, 6 months and 10 days, having been launched on 08-Dec-21.
As of 14-Jun-24, it has a Net Asset Value (NAV) of ₹13.23, Assets Under Management (AUM) of 258.81 Crores, and an expense ratio of 2.34%.
  • ITI Banking and Financial Services Fund Regular Growth has given a CAGR return of 10.42% since inception.
  • The fund's asset allocation comprises around 97.38% in equities, 0.00% in debts, and 2.62% in cash & cash equivalents.
  • You can start investing in ITI Banking and Financial Services Fund Regular 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

+17.86%

+22.54% (Cat Avg.)

Since Inception

+10.42%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity252.02 Cr97.38%
Others6.79 Cr2.62%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity45.34 Cr17.52%
ICICI Bank LtdEquity41.1 Cr15.88%
State Bank of IndiaEquity25.02 Cr9.67%
Axis Bank LtdEquity20.94 Cr8.09%
Kotak Mahindra Bank LtdEquity8.38 Cr3.24%
Shriram Finance LtdEquity7.59 Cr2.93%
Bajaj Finance LtdEquity6.97 Cr2.69%
Net Receivables / (Payables)Cash6.79 Cr2.62%
ICICI Prudential Life Insurance Company LimitedEquity5.45 Cr2.11%
Power Finance Corp LtdEquity5.42 Cr2.09%
REC LtdEquity5.38 Cr2.08%
Aditya Birla Capital LtdEquity5.15 Cr1.99%
Muthoot Finance LtdEquity5.05 Cr1.95%
City Union Bank LtdEquity4.72 Cr1.82%
ICICI Securities LtdEquity4.57 Cr1.77%
Indian BankEquity4.31 Cr1.67%
Suryoday Small Finance Bank LtdEquity4.21 Cr1.63%
Cholamandalam Investment and Finance Co LtdEquity4.13 Cr1.60%
PB Fintech LtdEquity4.08 Cr1.58%
Karur Vysya Bank LtdEquity4.05 Cr1.57%
The Federal Bank LtdEquity4.05 Cr1.57%
Jio Financial Services LtdEquity3.96 Cr1.53%
LIC Housing Finance LtdEquity3.91 Cr1.51%
Bank of IndiaEquity3.73 Cr1.44%
RBL Bank LtdEquity3.69 Cr1.42%
India Shelter Finance Corporation LtdEquity3.33 Cr1.29%
Indian Energy Exchange LtdEquity3.14 Cr1.21%
DCB Bank LtdEquity3.14 Cr1.21%
Go Digit General Insurance LtdEquity2.69 Cr1.04%
Canara BankEquity2.61 Cr1.01%
L&T Finance LtdEquity2.52 Cr0.98%
Jana Small Finance Bank LtdEquity1.75 Cr0.67%
Manappuram Finance LtdEquity1.64 Cr0.64%

Allocation By Market Cap (Equity)

Large Cap Stocks

70.43%

Mid Cap Stocks

13.71%

Small Cap Stocks

13.23%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services252.02 Cr97.38%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

16.57%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.55

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.98

Higher the better

Fund Managers

Rohan Korde

Rohan Korde

Since April 2022

ND

Nilay Dalal

Since May 2023

Additional Scheme Detailsas of 31st May 2024

ISININF00XX01BR2Expense Ratio2.34%Exit Load1.00%Fund Size₹259 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%-₹8.96 Cr10.7%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2734.96 Cr83.9%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1580.70 Cr84.0%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2364.43 Cr14.3%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

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

Very High Risk

0.2%-₹234.09 Cr14.3%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.8%1.0%₹7107.43 Cr20.1%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.2%1.0%₹1056.18 Cr25.2%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5462.71 Cr26.0%

About the AMC

Total AUM

₹7,131 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%₹401.92 Cr-
ITI Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹56.63 Cr7.0%
ITI Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹153.78 Cr7.4%
ITI Multi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹1176.94 Cr57.8%
ITI Value Fund Direct Growth

Very High Risk

0.5%1.0%₹234.61 Cr55.7%
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%₹37.59 Cr8.2%
ITI Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹353.71 Cr25.2%
ITI Small Cap Fund Direct Growth

Very High Risk

0.2%1.0%₹2034.11 Cr70.0%
ITI Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹310.44 Cr41.5%
ITI Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.1%0.0%₹30.38 Cr7.5%
ITI Banking and Financial Services Fund Direct Growth

Very High Risk

0.4%1.0%₹258.81 Cr20.1%
ITI Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹30.91 Cr8.5%
ITI Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹23.89 Cr6.6%
ITI Mid Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹891.81 Cr75.7%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹337.77 Cr60.0%
ITI Pharma and Healthcare Fund Direct Growth

Very High Risk

0.4%1.0%₹156.65 Cr45.7%
ITI Flexi Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹1005.32 Cr53.4%

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 Regular Growth, as of 14-Jun-2024, is ₹13.23.
The fund's allocation of assets is distributed as 97.38% in equities, 0.00% in bonds, and 2.62% in cash and cash equivalents.
The fund managers responsible for ITI Banking and Financial Services Fund Regular Growth are:-
  1. Rohan Korde
  2. Nilay Dalal