ITI Banking and Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹268 Cr

Expense Ratio

0.44%

ISIN

INF00XX01BU6

Minimum SIP

₹1,000

Exit Load

1.00%

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 3 years, 1 months and 14 days, having been launched on 08-Dec-21.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹13.76, Assets Under Management (AUM) of 268.29 Crores, and an expense ratio of 0.44%.

ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 9.67% since inception.
The fund's asset allocation comprises around 93.58% in equities, 0.00% in debts, and 6.42% 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

+6.19%

+6.19% (Cat Avg.)

3 Years

+11.25%

+12.96% (Cat Avg.)

Since Inception

+9.67%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2024

Equity	₹251.06 Cr	93.58%
Others	₹17.23 Cr	6.42%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹54.17 Cr	20.19%
ICICI Bank Ltd	Equity	₹38.08 Cr	14.19%
Kotak Mahindra Bank Ltd	Equity	₹18.71 Cr	6.98%
State Bank of India	Equity	₹17.52 Cr	6.53%
Axis Bank Ltd	Equity	₹16.54 Cr	6.16%
Treps 01-Jan-2025	Cash - Repurchase Agreement	₹12.15 Cr	4.53%
Bajaj Finance Ltd	Equity	₹11.7 Cr	4.36%
Muthoot Finance Ltd	Equity	₹6.02 Cr	2.25%
ICICI Securities Ltd	Equity	₹5.48 Cr	2.04%
L&T Finance Ltd	Equity	₹5.32 Cr	1.98%
Net Receivables / (Payables)	Cash	₹5.08 Cr	1.89%
Max Financial Services Ltd	Equity	₹4.91 Cr	1.83%
One97 Communications Ltd	Equity	₹4.78 Cr	1.78%
Cholamandalam Investment and Finance Co Ltd	Equity	₹4.77 Cr	1.78%
Power Finance Corp Ltd	Equity	₹4.49 Cr	1.67%
Mahindra & Mahindra Financial Services Ltd	Equity	₹4.41 Cr	1.64%
Aditya Birla Capital Ltd	Equity	₹4.27 Cr	1.59%
Shriram Finance Ltd	Equity	₹4.17 Cr	1.56%
Karur Vysya Bank Ltd	Equity	₹4.16 Cr	1.55%
HDFC Life Insurance Co Ltd	Equity	₹4 Cr	1.49%
REC Ltd	Equity	₹3.91 Cr	1.46%
Nuvama Wealth Management Ltd	Equity	₹3.46 Cr	1.29%
City Union Bank Ltd	Equity	₹3.45 Cr	1.28%
LIC Housing Finance Ltd	Equity	₹3.29 Cr	1.23%
India Shelter Finance Corporation Ltd	Equity	₹3.16 Cr	1.18%
Multi Commodity Exchange of India Ltd	Equity	₹2.91 Cr	1.09%
Protean eGov Technologies Ltd	Equity	₹2.9 Cr	1.08%
Bajaj Finserv Ltd	Equity	₹2.82 Cr	1.05%
SBI Life Insurance Co Ltd	Equity	₹2.6 Cr	0.97%
AU Small Finance Bank Ltd	Equity	₹2.51 Cr	0.94%
ICICI Lombard General Insurance Co Ltd	Equity	₹2.32 Cr	0.87%
Jio Financial Services Ltd	Equity	₹2.24 Cr	0.84%
PNB Housing Finance Ltd	Equity	₹1.97 Cr	0.74%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹243.37 Cr	90.71%
Technology	₹7.69 Cr	2.87%

Risk & Performance Ratios

Fund Managers

Rohan Korde

Since April 2022

Nilay Dalal

Since May 2023

Additional Scheme Detailsas of 31st December 2024

ISIN

INF00XX01BU6

Expense Ratio

0.44%

Exit Load

1.00%

Fund Size

₹268 Cr

Age

3 years 1 month

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services 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:

Dividend Taxation:

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%	-	₹10.92 Cr	2.0%
Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk	-	-	-	-
Nippon India ETF Nifty PSU Bank BeES Very High Risk	0.5%	-	₹2666.85 Cr	4.4%
Kotak Nifty PSU Bank ETF Very High Risk	0.5%	-	₹1402.24 Cr	4.4%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2818.24 Cr	13.8%
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%	-	₹329.93 Cr	6.2%
ICICI Prudential Banking and Financial Services Regular Growth Very High Risk	1.8%	1.0%	₹8987.36 Cr	11.6%
UTI Banking and Financial Services Fund Regular Growth Very High Risk	2.2%	1.0%	₹1154.26 Cr	6.2%
Nippon India Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹6282.05 Cr	8.8%

About the AMC

ITI Mutual Fund

022-66214999

https://www.itimf.com/

Total AUM

₹9,136 Cr

Address

Mumbai, 400013

Other Funds by ITI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ITI Focused Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹510.44 Cr	16.9%
ITI Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹49.15 Cr	7.1%
ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹229.29 Cr	7.5%
ITI Multi Cap Fund Direct Growth Very High Risk	0.3%	1.0%	₹1391.80 Cr	11.5%
ITI Value Fund Direct Growth Very High Risk	0.6%	1.0%	₹314.20 Cr	10.5%
ITI Conservative Hybrid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹14.80 Cr	8.9%
ITI Dynamic Bond Fund Direct Growth Moderate Risk	0.1%	0.0%	₹52.87 Cr	9.9%
ITI Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	1.0%	₹388.33 Cr	9.3%
ITI Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2474.15 Cr	22.0%
ITI Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹374.01 Cr	10.0%
ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹30.56 Cr	8.3%
ITI Banking and Financial Services Fund Direct Growth Very High Risk	0.4%	1.0%	₹268.29 Cr	6.2%
ITI Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹38.87 Cr	8.0%
ITI Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹15.06 Cr	6.5%
ITI Mid Cap Fund Direct Growth Very High Risk	0.2%	1.0%	₹1155.07 Cr	19.4%
ITI Long Term Equity Fund Direct Growth Very High Risk	0.6%	0.0%	₹396.89 Cr	11.5%
ITI Pharma and Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹230.79 Cr	30.0%
ITI Flexi Cap Fund Direct Growth Very High Risk	0.2%	1.0%	₹1293.49 Cr	16.6%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of ITI Banking and Financial Services Fund Direct Growth?

The NAV of ITI Banking and Financial Services Fund Direct Growth, as of 21-Jan-2025, is ₹13.76.

What are the returns of ITI Banking and Financial Services Fund Direct Growth?

The fund has generated 6.19% over the last 1 year and 11.25% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of ITI Banking and Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 93.58% in equities, 0.00% in bonds, and 6.42% in cash and cash equivalents.

Who manages the ITI Banking and Financial Services Fund Direct Growth?

The fund managers responsible for ITI Banking and Financial Services Fund Direct Growth are:-

Rohan Korde
Nilay Dalal

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹268 Cr

Expense Ratio

0.44%

ISIN

INF00XX01BU6

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

08 Dec 2021

Risk Level

Your principal amount will be at Very High Risk