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Fund Overview

Fund Size

Fund Size

₹30 Cr

Expense Ratio

Expense Ratio

0.15%

ISIN

ISIN

INF00XX01861

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

22 Oct 2020

About this fund

ITI Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 3 years, 6 months and 28 days, having been launched on 22-Oct-20.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹12.19, Assets Under Management (AUM) of 30.05 Crores, and an expense ratio of 0.15%.
  • ITI Banking & PSU Debt Fund Direct Growth has given a CAGR return of 5.72% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 67.92% in debts, and 31.81% in cash & cash equivalents.
  • You can start investing in ITI Banking & PSU Debt 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

+7.32%

+5.74% (Cat Avg.)

3 Years

+5.91%

+4.73% (Cat Avg.)

Since Inception

+5.72%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt20.41 Cr67.92%
Others9.64 Cr32.08%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
7.1% Govt Stock 2034Bond - Gov't/Treasury4.48 Cr14.91%
Power Finance Corporation Ltd.Bond - Corporate Bond3.48 Cr11.57%
Bank Of BarodaCash - CD/Time Deposit2.99 Cr9.95%
ICICI Bank LimitedCash - CD/Time Deposit2.98 Cr9.90%
HDFC Bank LimitedBond - Corporate Bond2.95 Cr9.82%
Power Grid Corporation Of India LimitedBond - Corporate Bond2.52 Cr8.40%
National Bank for Agriculture and Rural Development 7.62%Bond - Gov't Agency Debt2.49 Cr8.28%
Rural Electrification Corporation LimitedBond - Corporate Bond2.49 Cr8.28%
7.3% Govt Stock 2053Bond - Gov't/Treasury2 Cr6.66%
Treps 02-May-2024Cash - Repurchase Agreement1.88 Cr6.26%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit0.99 Cr3.30%
Net Receivables / (Payables)Cash0.72 Cr2.40%
Corporate Debt Market Development Fund Class A2Mutual Fund - Open End0.08 Cr0.27%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond11.44 Cr38.07%
Cash - CD/Time Deposit6.96 Cr23.16%
Bond - Gov't/Treasury6.48 Cr21.57%
Bond - Gov't Agency Debt2.49 Cr8.28%
Cash - Repurchase Agreement1.88 Cr6.25%
Cash0.72 Cr2.40%
Mutual Fund - Open End0.08 Cr0.27%

Risk & Performance Ratios

Standard Deviation

This fund

0.72%

Cat. avg.

1.48%

Lower the better

Sharpe Ratio

This fund

0.35

Cat. avg.

-0.62

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.54

Higher the better

Fund Managers

VM

Vikrant Mehta

Since January 2021

Additional Scheme Detailsas of 30th April 2024

ISININF00XX01861Expense Ratio0.15%Exit LoadNo ChargesFund Size₹30 CrAge22 Oct 2020Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkCRISIL Banking and PSU Debt A-II 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 (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

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 Banking & PSU Funds

Fund nameExpense RatioExit LoadFund size
1Y
Bandhan Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹14207.57 Cr6.7%
Bandhan Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.6%0.0%₹14207.57 Cr6.3%
Franklin India Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.5%0.0%₹630.16 Cr6.7%
Franklin India Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.2%0.0%₹630.16 Cr7.0%
PGIM India Banking and PSU Debt fund Direct Growth

Moderate Risk

0.2%0.0%₹45.38 Cr6.8%
PGIM India Banking and PSU Debt fund Regular Growth

Moderate Risk

0.4%0.0%₹45.38 Cr6.6%
Canara Robeco Banking and PSU Debt Fund Regular Growth

Moderate Risk

0.7%0.0%₹405.32 Cr6.2%
Canara Robeco Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹405.32 Cr6.5%
Tata Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹213.01 Cr6.9%
Tata Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.7%0.0%₹213.01 Cr6.4%

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 Moderate Risk

Moderate Risk
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The NAV of ITI Banking & PSU Debt Fund Direct Growth, as of 17-May-2024, is ₹12.19.
The fund has generated 7.32% over the last 1 year and 5.91% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 67.92% in bonds, and 31.81% in cash and cash equivalents.
The fund managers responsible for ITI Banking & PSU Debt Fund Direct Growth are:-
  1. Vikrant Mehta