Direct
NAV (05-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,483 Cr
Expense Ratio
0.15%
ISIN
INF109KC18U7
Minimum SIP
-
Exit Load
-
Inception Date
09 Aug 2019
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹25.83, Assets Under Management (AUM) of 2483.46 Crores, and an expense ratio of 0.15%.
- The fund's asset allocation comprises around 99.53% in equities, 0.00% in debts, and 0.47% in cash & cash equivalents.
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
+11.47%
+22.65% (Cat Avg.)
3 Years
+11.21%
+16.03% (Cat Avg.)
5 Years
+11.49%
+16.61% (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹2,471.72 Cr | 99.53% |
| Others | ₹11.74 Cr | 0.47% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹644.89 Cr | 25.97% |
| HDFC Bank Ltd | Equity | ₹600.34 Cr | 24.17% |
| Kotak Mahindra Bank Ltd | Equity | ₹285.69 Cr | 11.50% |
| IndusInd Bank Ltd | Equity | ₹268.76 Cr | 10.82% |
| Axis Bank Ltd | Equity | ₹258.18 Cr | 10.40% |
| The Federal Bank Ltd | Equity | ₹156.9 Cr | 6.32% |
| IDFC First Bank Ltd | Equity | ₹111.82 Cr | 4.50% |
| Bandhan Bank Ltd | Equity | ₹58.75 Cr | 2.37% |
| RBL Bank Ltd | Equity | ₹45.81 Cr | 1.84% |
| City Union Bank Ltd | Equity | ₹40.57 Cr | 1.63% |
| Net Current Assets | Cash | ₹11.7 Cr | 0.47% |
| Treps | Cash - Repurchase Agreement | ₹0.04 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
82.86%
Mid Cap Stocks
13.19%
Small Cap Stocks
3.48%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹2,471.72 Cr | 99.53% |
Risk & Performance Ratios
Standard Deviation
This fund
16.32%
Cat. avg.
16.47%
Lower the better
Sharpe Ratio
This fund
0.40
Cat. avg.
0.60
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.07
Higher the better
Fund Managers
Nishit Patel
Since January 2021
Priya Sridhar
Since February 2024
Ajaykumar Solanki
Since February 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF109KC18U7 | Expense Ratio | 0.15% | Exit Load | - | Fund Size | ₹2,483 Cr | Age | 09 Aug 2019 | Lumpsum Minimum | - | Fund Status | Open Ended Investment Company | Benchmark | Nifty Private Bank 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% | - | ₹9.73 Cr | 11.6% |
| 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 | 47.7% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1403.00 Cr | 44.0% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2468.38 Cr | 16.4% |
| 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% | - | ₹270.72 Cr | 16.4% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹7605.37 Cr | 25.1% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1150.06 Cr | 26.4% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6138.44 Cr | 27.8% |
Risk Level
Your principal amount will be at Very High Risk
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- Nishit Patel
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- Ajaykumar Solanki
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