ITI Banking and Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (17-Apr-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹288 Cr
Expense Ratio
0.56%
ISIN
INF00XX01BU6
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
08 Dec 2021
About this fund
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹15.60, Assets Under Management (AUM) of 287.76 Crores, and an expense ratio of 0.56%.
- ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 13.13% since inception.
- The fund's asset allocation comprises around 96.80% in equities, 0.00% in debts, and 3.20% 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
+16.95%
+13.10% (Cat Avg.)
3 Years
+16.18%
+16.63% (Cat Avg.)
Since Inception
+13.13%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Equity | ₹278.55 Cr | 96.80% |
| Others | ₹9.21 Cr | 3.20% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹68.25 Cr | 23.72% |
| ICICI Bank Ltd | Equity | ₹44.96 Cr | 15.62% |
| Kotak Mahindra Bank Ltd | Equity | ₹23.04 Cr | 8.01% |
| State Bank of India | Equity | ₹19.91 Cr | 6.92% |
| Axis Bank Ltd | Equity | ₹19.59 Cr | 6.81% |
| Bajaj Finance Ltd | Equity | ₹16.44 Cr | 5.71% |
| Net Receivables / (Payables) | Cash | ₹9.21 Cr | 3.20% |
| Bajaj Finserv Ltd | Equity | ₹7.47 Cr | 2.60% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹5.81 Cr | 2.02% |
| HDFC Life Insurance Co Ltd | Equity | ₹5.02 Cr | 1.74% |
| Muthoot Finance Ltd | Equity | ₹4.55 Cr | 1.58% |
| Power Finance Corp Ltd | Equity | ₹4.39 Cr | 1.53% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹4.2 Cr | 1.46% |
| L&T Finance Ltd | Equity | ₹4.14 Cr | 1.44% |
| Can Fin Homes Ltd | Equity | ₹4.01 Cr | 1.39% |
| Aditya Birla Capital Ltd | Equity | ₹3.94 Cr | 1.37% |
| Shriram Finance Ltd | Equity | ₹3.88 Cr | 1.35% |
| SBI Life Insurance Co Ltd | Equity | ₹3.85 Cr | 1.34% |
| City Union Bank Ltd | Equity | ₹3.56 Cr | 1.24% |
| REC Ltd | Equity | ₹3.35 Cr | 1.16% |
| Manappuram Finance Ltd | Equity | ₹3.09 Cr | 1.07% |
| Nuvama Wealth Management Ltd | Equity | ₹3.04 Cr | 1.06% |
| India Shelter Finance Corporation Ltd | Equity | ₹2.76 Cr | 0.96% |
| The Federal Bank Ltd | Equity | ₹2.7 Cr | 0.94% |
| Housing & Urban Development Corp Ltd | Equity | ₹2.59 Cr | 0.90% |
| PNB Housing Finance Ltd | Equity | ₹2.53 Cr | 0.88% |
| Jio Financial Services Ltd | Equity | ₹2.51 Cr | 0.87% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹2.49 Cr | 0.87% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹2.33 Cr | 0.81% |
| Multi Commodity Exchange of India Ltd | Equity | ₹2.13 Cr | 0.74% |
| Protean eGov Technologies Ltd | Equity | ₹2.01 Cr | 0.70% |
Allocation By Market Cap (Equity)
Large Cap Stocks
79.40%
Mid Cap Stocks
9.36%
Small Cap Stocks
8.04%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹276.54 Cr | 96.10% |
| Technology | ₹2.01 Cr | 0.70% |
Risk & Performance Ratios
Standard Deviation
This fund
14.31%
Cat. avg.
15.59%
Lower the better
Sharpe Ratio
This fund
0.65
Cat. avg.
0.60
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.16
Higher the better
Fund Managers
Rohan Korde
Since April 2022
Nilay Dalal
Since May 2023
Additional Scheme Detailsas of 31st March 2025
ISIN INF00XX01BU6 | Expense Ratio 0.56% | Exit Load 1.00% | Fund Size ₹288 Cr | Age 3 years 4 months | 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  |
|---|---|---|---|---|
| HSBC Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹539.54 Cr | - |
| HSBC Financial Services Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹539.54 Cr | - |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2602.65 Cr | 15.1% |
| Mirae Asset Nifty PSU Bank ETF Very High Risk | 0.2% | - | ₹38.33 Cr | - |
| Edelweiss Nifty Bank ETF Very High Risk | 0.1% | - | ₹9.85 Cr | - |
| Helios Financial Services Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹153.41 Cr | - |
| Helios Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹153.41 Cr | - |
| Baroda BNP Paribas NIFTY Bank ETF Very High Risk | 0.1% | - | ₹4.31 Cr | - |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹2951.74 Cr | 14.9% |
| HDFC Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹322.26 Cr | 14.9% |
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 | 0.7% | 1.0% | ₹478.53 Cr | 12.4% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹48.22 Cr | 7.2% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹180.28 Cr | 7.6% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1116.36 Cr | 3.0% |
| ITI Value Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹297.69 Cr | 2.4% |
| 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% | ₹39.64 Cr | 11.8% |
| ITI Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹382.77 Cr | 6.8% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹2219.20 Cr | 11.1% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹472.57 Cr | 3.9% |
| ITI Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹34.80 Cr | 9.2% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹287.76 Cr | 17.0% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹47.67 Cr | 7.8% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹21.96 Cr | 6.4% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.2% | 1.0% | ₹1091.64 Cr | 7.1% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹377.68 Cr | 7.7% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹213.77 Cr | 18.5% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.2% | 1.0% | ₹1031.77 Cr | 8.2% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of ITI Banking and Financial Services Fund Direct Growth?
What are the returns of ITI Banking and Financial Services Fund Direct Growth?
What is the portfolio composition of ITI Banking and Financial Services Fund Direct Growth?
Who manages the ITI Banking and Financial Services Fund Direct Growth?
- Rohan Korde
- Nilay Dalal
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ITI Banking and Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (17-Apr-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹288 Cr
Expense Ratio
0.56%
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
About this fund
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹15.60, Assets Under Management (AUM) of 287.76 Crores, and an expense ratio of 0.56%.
- ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 13.13% since inception.
- The fund's asset allocation comprises around 96.80% in equities, 0.00% in debts, and 3.20% 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
+16.95%
+13.10% (Cat Avg.)
3 Years
+16.18%
+16.63% (Cat Avg.)
Since Inception
+13.13%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Equity | ₹278.55 Cr | 96.80% |
| Others | ₹9.21 Cr | 3.20% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹68.25 Cr | 23.72% |
| ICICI Bank Ltd | Equity | ₹44.96 Cr | 15.62% |
| Kotak Mahindra Bank Ltd | Equity | ₹23.04 Cr | 8.01% |
| State Bank of India | Equity | ₹19.91 Cr | 6.92% |
| Axis Bank Ltd | Equity | ₹19.59 Cr | 6.81% |
| Bajaj Finance Ltd | Equity | ₹16.44 Cr | 5.71% |
| Net Receivables / (Payables) | Cash | ₹9.21 Cr | 3.20% |
| Bajaj Finserv Ltd | Equity | ₹7.47 Cr | 2.60% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹5.81 Cr | 2.02% |
| HDFC Life Insurance Co Ltd | Equity | ₹5.02 Cr | 1.74% |
| Muthoot Finance Ltd | Equity | ₹4.55 Cr | 1.58% |
| Power Finance Corp Ltd | Equity | ₹4.39 Cr | 1.53% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹4.2 Cr | 1.46% |
| L&T Finance Ltd | Equity | ₹4.14 Cr | 1.44% |
| Can Fin Homes Ltd | Equity | ₹4.01 Cr | 1.39% |
| Aditya Birla Capital Ltd | Equity | ₹3.94 Cr | 1.37% |
| Shriram Finance Ltd | Equity | ₹3.88 Cr | 1.35% |
| SBI Life Insurance Co Ltd | Equity | ₹3.85 Cr | 1.34% |
| City Union Bank Ltd | Equity | ₹3.56 Cr | 1.24% |
| REC Ltd | Equity | ₹3.35 Cr | 1.16% |
| Manappuram Finance Ltd | Equity | ₹3.09 Cr | 1.07% |
| Nuvama Wealth Management Ltd | Equity | ₹3.04 Cr | 1.06% |
| India Shelter Finance Corporation Ltd | Equity | ₹2.76 Cr | 0.96% |
| The Federal Bank Ltd | Equity | ₹2.7 Cr | 0.94% |
| Housing & Urban Development Corp Ltd | Equity | ₹2.59 Cr | 0.90% |
| PNB Housing Finance Ltd | Equity | ₹2.53 Cr | 0.88% |
| Jio Financial Services Ltd | Equity | ₹2.51 Cr | 0.87% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹2.49 Cr | 0.87% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹2.33 Cr | 0.81% |
| Multi Commodity Exchange of India Ltd | Equity | ₹2.13 Cr | 0.74% |
| Protean eGov Technologies Ltd | Equity | ₹2.01 Cr | 0.70% |
Allocation By Market Cap (Equity)
Large Cap Stocks
79.40%
Mid Cap Stocks
9.36%
Small Cap Stocks
8.04%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹276.54 Cr | 96.10% |
| Technology | ₹2.01 Cr | 0.70% |
Risk & Performance Ratios
Standard Deviation
This fund
14.31%
Cat. avg.
15.59%
Lower the better
Sharpe Ratio
This fund
0.65
Cat. avg.
0.60
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.16
Higher the better
Fund Managers
Rohan Korde
Since April 2022
Nilay Dalal
Since May 2023
Additional Scheme Detailsas of 31st March 2025
ISIN INF00XX01BU6 | Expense Ratio 0.56% | Exit Load 1.00% | Fund Size ₹288 Cr | Age 3 years 4 months | 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 |
|---|---|---|---|---|
| HSBC Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹539.54 Cr | - |
| HSBC Financial Services Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹539.54 Cr | - |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2602.65 Cr | 15.1% |
| Mirae Asset Nifty PSU Bank ETF Very High Risk | 0.2% | - | ₹38.33 Cr | - |
| Edelweiss Nifty Bank ETF Very High Risk | 0.1% | - | ₹9.85 Cr | - |
| Helios Financial Services Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹153.41 Cr | - |
| Helios Financial Services Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹153.41 Cr | - |
| Baroda BNP Paribas NIFTY Bank ETF Very High Risk | 0.1% | - | ₹4.31 Cr | - |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹2951.74 Cr | 14.9% |
| HDFC Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹322.26 Cr | 14.9% |
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 | 0.7% | 1.0% | ₹478.53 Cr | 12.4% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹48.22 Cr | 7.2% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹180.28 Cr | 7.6% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1116.36 Cr | 3.0% |
| ITI Value Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹297.69 Cr | 2.4% |
| 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% | ₹39.64 Cr | 11.8% |
| ITI Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹382.77 Cr | 6.8% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹2219.20 Cr | 11.1% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹472.57 Cr | 3.9% |
| ITI Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹34.80 Cr | 9.2% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹287.76 Cr | 17.0% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹47.67 Cr | 7.8% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹21.96 Cr | 6.4% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.2% | 1.0% | ₹1091.64 Cr | 7.1% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹377.68 Cr | 7.7% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹213.77 Cr | 18.5% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.2% | 1.0% | ₹1031.77 Cr | 8.2% |
Related Articles
Still got questions?
We're here to help.
What is the current NAV of ITI Banking and Financial Services Fund Direct Growth?
What are the returns of ITI Banking and Financial Services Fund Direct Growth?
What is the portfolio composition of ITI Banking and Financial Services Fund Direct Growth?
Who manages the ITI Banking and Financial Services Fund Direct Growth?
- Rohan Korde
- Nilay Dalal
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
Track all your family's investments in one place
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