ITI Banking and Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (20-Dec-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹272 Cr
Expense Ratio
0.44%
ISIN
INF00XX01BU6
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
08 Dec 2021
About this fund
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹14.31, Assets Under Management (AUM) of 271.75 Crores, and an expense ratio of 0.44%.
- ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 11.41% since inception.
- The fund's asset allocation comprises around 95.04% in equities, 0.00% in debts, and 4.96% 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
+10.54%
+8.83% (Cat Avg.)
3 Years
+12.89%
+17.34% (Cat Avg.)
Since Inception
+11.41%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹258.28 Cr | 95.04% |
| Others | ₹13.47 Cr | 4.96% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹54.88 Cr | 20.19% |
| ICICI Bank Ltd | Equity | ₹38.63 Cr | 14.21% |
| Axis Bank Ltd | Equity | ₹20.49 Cr | 7.54% |
| Kotak Mahindra Bank Ltd | Equity | ₹18.5 Cr | 6.81% |
| State Bank of India | Equity | ₹18.49 Cr | 6.80% |
| Bajaj Finance Ltd | Equity | ₹11.28 Cr | 4.15% |
| Treps 02-Dec-2024 | Cash - Repurchase Agreement | ₹8.17 Cr | 3.01% |
| ICICI Securities Ltd | Equity | ₹5.59 Cr | 2.06% |
| Muthoot Finance Ltd | Equity | ₹5.41 Cr | 1.99% |
| Net Receivables / (Payables) | Cash | ₹5.3 Cr | 1.95% |
| Max Financial Services Ltd | Equity | ₹5 Cr | 1.84% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹4.97 Cr | 1.83% |
| Power Finance Corp Ltd | Equity | ₹4.95 Cr | 1.82% |
| Aditya Birla Capital Ltd | Equity | ₹4.66 Cr | 1.72% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹4.55 Cr | 1.67% |
| Karur Vysya Bank Ltd | Equity | ₹4.53 Cr | 1.67% |
| Shriram Finance Ltd | Equity | ₹4.36 Cr | 1.61% |
| HDFC Life Insurance Co Ltd | Equity | ₹4.27 Cr | 1.57% |
| One97 Communications Ltd | Equity | ₹4.24 Cr | 1.56% |
| REC Ltd | Equity | ₹4.15 Cr | 1.53% |
| City Union Bank Ltd | Equity | ₹3.59 Cr | 1.32% |
| LIC Housing Finance Ltd | Equity | ₹3.51 Cr | 1.29% |
| Nuvama Wealth Management Ltd | Equity | ₹3.28 Cr | 1.21% |
| Multi Commodity Exchange of India Ltd | Equity | ₹2.89 Cr | 1.06% |
| India Shelter Finance Corporation Ltd | Equity | ₹2.87 Cr | 1.06% |
| Bajaj Finserv Ltd | Equity | ₹2.84 Cr | 1.05% |
| L&T Finance Ltd | Equity | ₹2.78 Cr | 1.02% |
| PB Fintech Ltd | Equity | ₹2.71 Cr | 1.00% |
| SBI Life Insurance Co Ltd | Equity | ₹2.69 Cr | 0.99% |
| Protean eGov Technologies Ltd | Equity | ₹2.66 Cr | 0.98% |
| AU Small Finance Bank Ltd | Equity | ₹2.62 Cr | 0.96% |
| Jio Financial Services Ltd | Equity | ₹2.46 Cr | 0.91% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹2.42 Cr | 0.89% |
| PNB Housing Finance Ltd | Equity | ₹2.01 Cr | 0.74% |
Allocation By Market Cap (Equity)
Large Cap Stocks
71.01%
Mid Cap Stocks
13.95%
Small Cap Stocks
10.09%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹251.38 Cr | 92.50% |
| Technology | ₹6.9 Cr | 2.54% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.64%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.67
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.27
Higher the better
Fund Managers
Rohan Korde
Since April 2022
Nilay Dalal
Since May 2023
Additional Scheme Detailsas of 30th November 2024
ISIN INF00XX01BU6 | Expense Ratio 0.44% | Exit Load 1.00% | Fund Size ₹272 Cr | Age 3 years | 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% | - | ₹10.97 Cr | 1.1% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2724.85 Cr | 19.2% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1434.25 Cr | 19.1% |
| 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% | - | ₹240.82 Cr | 7.7% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹9025.72 Cr | 13.2% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1170.31 Cr | 12.9% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6307.03 Cr | 11.7% |
About the AMC
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% | ₹508.96 Cr | 29.8% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹51.88 Cr | 7.1% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹216.46 Cr | 7.5% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1381.80 Cr | 26.9% |
| ITI Value Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹311.43 Cr | 25.3% |
| 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% | ₹53.13 Cr | 9.4% |
| ITI Balanced Advantage Fund Direct Growth Moderately High risk | 0.6% | 1.0% | ₹388.43 Cr | 17.3% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹2438.95 Cr | 42.1% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹376.92 Cr | 20.3% |
| ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹30.02 Cr | 8.1% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹271.75 Cr | 10.5% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹37.55 Cr | 8.1% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹16.51 Cr | 6.5% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1133.44 Cr | 37.7% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.64 Cr | 28.4% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹217.92 Cr | 47.7% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1287.64 Cr | 32.2% |
Risk Level
Your principal amount will be at Very High Risk
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- Rohan Korde
- Nilay Dalal
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