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Fund Overview

Fund Size

Fund Size

₹1,032 Cr

Expense Ratio

Expense Ratio

1.19%

ISIN

ISIN

INF789F01SN3

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

01 Jan 2013

About this fund

UTI Banking and Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by UTI Mutual Fund. This fund has been in existence for 11 years, 3 months and 16 days, having been launched on 01-Jan-13.
As of 16-Apr-24, it has a Net Asset Value (NAV) of ₹174.26, Assets Under Management (AUM) of 1031.88 Crores, and an expense ratio of 1.19%.
  • UTI Banking and Financial Services Fund Direct Growth has given a CAGR return of 11.81% since inception.
  • The fund's asset allocation comprises around 99.12% in equities, 0.41% in debts, and 0.47% in cash & cash equivalents.
  • You can start investing in UTI 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

+25.89%

+23.24%(Cat. Avg.)

3 Years

+16.90%

+18.09%(Cat. Avg.)

5 Years

+9.71%

+12.20%(Cat. Avg.)

10 Years

+14.02%

+13.98%(Cat. Avg.)

Since Inception

+11.81%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity1,022.78 Cr99.12%
Debt4.24 Cr0.41%
Others4.85 Cr0.47%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity179.85 Cr17.43%
HDFC Bank LtdEquity149.66 Cr14.50%
Bajaj Finance LtdEquity59.66 Cr5.78%
SBI Life Insurance Company LimitedEquity49.99 Cr4.84%
Axis Bank LtdEquity48.17 Cr4.67%
Shriram Finance LtdEquity41.09 Cr3.98%
IndusInd Bank LtdEquity40.92 Cr3.97%
Karur Vysya Bank LtdEquity39.78 Cr3.86%
State Bank of IndiaEquity36.11 Cr3.50%
Indian BankEquity34.93 Cr3.39%
Kotak Mahindra Bank LtdEquity33.63 Cr3.26%
Max Financial Services LtdEquity30.86 Cr2.99%
Nippon Life India Asset Management Ltd Ordinary SharesEquity29.16 Cr2.83%
REC LtdEquity24.81 Cr2.40%
ICICI Securities LtdEquity19.26 Cr1.87%
Equitas Small Finance Bank Ltd Ordinary SharesEquity19.05 Cr1.85%
HDFC Life Insurance Company LimitedEquity18.2 Cr1.76%
Can Fin Homes LtdEquity17.39 Cr1.68%
India Shelter Finance Corporation LtdEquity17.08 Cr1.66%
Arman Financial Services LtdEquity16.72 Cr1.62%
Bank of BarodaEquity15.84 Cr1.54%
AAVAS Financiers LtdEquity13.65 Cr1.32%
Mahindra & Mahindra Financial Services LtdEquity12.99 Cr1.26%
Star Health and Allied Insurance Co LtdEquity11.96 Cr1.16%
CSB Bank Ltd Ordinary SharesEquity11.05 Cr1.07%
Aditya Birla Sun Life AMC LtdEquity10.64 Cr1.03%
Multi Commodity Exchange of India LtdEquity9.93 Cr0.96%
Cholamandalam Investment and Finance Co LtdEquity8.97 Cr0.87%
KFin Technologies LtdEquity7.27 Cr0.70%
CreditAccess Grameen Ltd Ordinary SharesEquity7.09 Cr0.69%
Indian Renewable Energy Development Agency LtdEquity7.08 Cr0.69%
Net Current AssetsCash4.76 Cr0.46%
India (Republic of)Bond - Short-term Government Bills4.24 Cr0.41%
Clearing Corporation Of India Ltd. Std - MarginCash - Repurchase Agreement0.09 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

62.81%

Mid Cap Stocks

16.84%

Small Cap Stocks

19.48%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services1,015.52 Cr98.41%
Technology7.27 Cr0.70%

Risk & Performance Ratios

Standard Deviation

This fund

15.26%

Cat. avg.

17.06%

Lower the better

Sharpe Ratio

This fund

0.67

Cat. avg.

0.60

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.10

Higher the better

Fund Managers

PS

Preethi S

Since May 2022

Additional Scheme Detailsas of 31st March 2024

ISININF789F01SN3Expense Ratio1.19%Exit Load1.00%Fund Size₹1,032 CrAge01 Jan 2013Lumpsum 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%-₹8.33 Cr12.1%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2653.66 Cr83.3%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1427.63 Cr83.4%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2324.60 Cr13.4%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

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

Very High Risk

0.2%-₹192.06 Cr13.4%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.8%1.0%₹7489.91 Cr21.9%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.3%1.0%₹1031.88 Cr24.6%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5307.29 Cr30.5%

About the AMC

Total AUM

₹2,75,399 Cr

Address

UTI Towers, Gn Block, Mumbai, 400 051

Other Funds by UTI Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
UTI Innovation Fund Direct Growth

Very High Risk

1.0%1.0%₹620.27 Cr-
UTI Fixed Income Interval Fund Annual Plan I Direct Growth

Low Risk

-0.0%₹20.40 Cr7.0%
UTI Fixed Term Income Fund - Series XXXV-I (1260 Days) Direct Growth

Low to Moderate Risk

-0.0%-7.1%
UTI Fixed Term Income Fund - Series XXXV-III (1176 Days) Direct Growth

Low to Moderate Risk

-0.0%-7.1%
UTI FIIF Ser 2 Qt Interval V Direct Growth

Low Risk

-1.0%₹4.80 Cr7.0%
UTI Fixed Income Interval Fund Quarterly I Direct Growth

Low to Moderate Risk

-0.0%₹10.46 Cr7.2%
UTI Fixed Inc Intvl Series2 Qt Intvl VI Direct Growth

Moderate Risk

-1.0%₹11.46 Cr7.3%
UTI-Fixed Term Income Fund - Series XXX-VI (1107 days) Direct Growth

Low to Moderate Risk

-0.0%-10.0%
UTI-Fixed Term Income Fund - Series XXX - VII (1294 days) Direct Growth

Low to Moderate Risk

-0.0%--
UTI Fixed Term Income Fund - Series XXXV-II (1223 Days) Direct Growth

Moderate Risk

---7.1%
UTI Fixed Income Interval Fund Annual Plan III Direct Growth

Low to Moderate Risk

-0.0%₹13.38 Cr6.8%
UTI Fixed Term Income Fund - Series XXXVI-I (1574 days) Direct Growth

Moderate Risk

-0.0%-6.9%
UTI Floater Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1488.67 Cr7.6%
UTI Nifty 500 Value 50 Index Fund Direct Growth

Very High Risk

0.5%0.0%₹230.68 Cr-
UTI Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹946.59 Cr6.8%
UTI Focused Equity Fund Direct Growth

Very High Risk

0.6%1.0%₹2480.93 Cr37.5%
UTI Silver ETF Fund of Fund Direct Growth

Very High Risk

0.1%1.0%₹25.90 Cr-
UTI Nifty200 Momentum 30 Index Fund Direct Growth

Very High Risk

0.5%0.0%₹4848.58 Cr67.9%
UTI Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹2978.15 Cr6.8%
UTI Corporate Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹3547.50 Cr7.2%
UTI Nifty Midcap 150 Quality 50 Index Fund Direct Growth

Very High Risk

0.5%0.0%₹176.10 Cr31.2%
UTI Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹4548.63 Cr8.4%
UTI Small Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹3531.62 Cr41.6%
UTI Ultra Short Term Fund Direct Growth

Moderate Risk

0.4%0.0%₹2092.74 Cr7.6%
UTI Credit Risk Fund Direct Growth

Moderately High risk

0.9%1.0%₹395.91 Cr7.4%
UTI Dividend Yield Fund Direct Growth

Very High Risk

1.4%1.0%₹3586.43 Cr43.4%
UTI Banking and Financial Services Fund Direct Growth

Very High Risk

1.2%1.0%₹1031.88 Cr25.9%
UTI Dynamic Bond Fund Direct Growth

Moderate Risk

0.7%0.0%₹382.86 Cr7.4%
UTI Hybrid Equity Fund Direct Growth

Very High Risk

1.3%1.0%₹5306.20 Cr32.2%
UTI Long Term Equity Fund Direct Growth

Very High Risk

0.9%0.0%₹3484.10 Cr31.1%
UTI Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹24503.54 Cr20.4%
UTI Bond Fund Direct Growth

Moderate Risk

1.3%0.0%₹299.56 Cr6.4%
UTI Liquid Fund Cash Plan Direct Growth

Moderate Risk

0.2%0.0%₹18736.25 Cr7.3%
UTI Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹644.37 Cr6.9%
UTI India Consumer Fund Direct Growth

Very High Risk

1.6%1.0%₹584.12 Cr36.3%
UTI Infrastructure Fund Direct Growth

Very High Risk

1.9%1.0%₹2085.09 Cr53.4%
UTI MNC Fund Direct Growth

Very High Risk

1.2%1.0%₹2767.03 Cr32.5%
UTI Master Share Unit Scheme Direct Growth

Very High Risk

0.8%1.0%₹12329.61 Cr27.3%
UTI Regular Savings Fund Direct Growth

Moderately High risk

1.2%1.0%₹1578.76 Cr13.7%
UTI Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹11679.82 Cr7.8%
UTI Mid Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹9943.94 Cr42.8%
UTI Value Opportunities Fund Direct Growth

Very High Risk

1.1%1.0%₹8577.75 Cr37.0%
UTI Healthcare Fund Direct Growth

Very High Risk

1.4%1.0%₹947.26 Cr51.2%
UTI Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹16198.82 Cr25.4%
UTI Transportation & Logistics Fund Direct Growth

Very High Risk

0.8%1.0%₹3107.87 Cr60.4%
UTI Short Term Income Fund Direct Growth

Moderate Risk

0.4%0.0%₹2689.14 Cr7.9%
UTI - Treasury Advantage Fund Direct Growth

Moderate Risk

0.4%0.0%₹2672.43 Cr7.4%
UTI Multi Asset Fund Direct Growth

Very High Risk

1.1%1.0%₹1394.07 Cr41.8%
UTI Core Equity Fund Direct Growth

Very High Risk

1.2%1.0%₹2758.79 Cr47.5%
UTI Medium Term Fund Direct Growth

Moderate Risk

1.0%1.0%₹39.68 Cr7.0%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of UTI Banking and Financial Services Fund Direct Growth, as of 16-Apr-2024, is ₹174.26.
The fund has generated 25.89% over the last 1 year and 16.90% 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 99.12% in equities, 0.41% in bonds, and 0.47% in cash and cash equivalents.
The fund managers responsible for UTI Banking and Financial Services Fund Direct Growth are:-
  1. Preethi S