UTI Banking and Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹1,159 Cr

Expense Ratio

1.22%

ISIN

INF789F01SN3

Minimum SIP

₹1,000

Exit Load

1.00%

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, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹190.05, Assets Under Management (AUM) of 1159.45 Crores, and an expense ratio of 1.22%.

UTI Banking and Financial Services Fund Direct Growth has given a CAGR return of 11.99% since inception.
The fund's asset allocation comprises around 98.94% in equities, 0.38% in debts, and 0.68% 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

+22.08%

+16.56% (Cat Avg.)

3 Years

+12.56%

+13.37% (Cat Avg.)

5 Years

+12.06%

+12.64% (Cat Avg.)

10 Years

+11.02%

+11.20% (Cat Avg.)

Since Inception

+11.99%

— (Cat Avg.)

Portfolio Summaryas of 31st October 2024

Equity	₹1,147.13 Cr	98.94%
Debt	₹4.42 Cr	0.38%
Others	₹7.89 Cr	0.68%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹186.73 Cr	16.11%
HDFC Bank Ltd	Equity	₹174.6 Cr	15.06%
Axis Bank Ltd	Equity	₹71.89 Cr	6.20%
Shriram Finance Ltd	Equity	₹61.75 Cr	5.33%
State Bank of India	Equity	₹61.52 Cr	5.31%
HDFC Life Insurance Co Ltd	Equity	₹50.26 Cr	4.33%
India Shelter Finance Corporation Ltd	Equity	₹48.49 Cr	4.18%
REC Ltd	Equity	₹43.51 Cr	3.75%
Karur Vysya Bank Ltd	Equity	₹42.41 Cr	3.66%
Max Financial Services Ltd	Equity	₹40.29 Cr	3.47%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹38.56 Cr	3.33%
Indian Bank	Equity	₹35.01 Cr	3.02%
Bajaj Finserv Ltd	Equity	₹29.2 Cr	2.52%
Bajaj Finance Ltd	Equity	₹29.11 Cr	2.51%
Kotak Mahindra Bank Ltd	Equity	₹28.38 Cr	2.45%
BSE Ltd	Equity	₹24.54 Cr	2.12%
ICICI Securities Ltd	Equity	₹22.96 Cr	1.98%
KFin Technologies Ltd	Equity	₹22.64 Cr	1.95%
The Federal Bank Ltd	Equity	₹16.52 Cr	1.42%
Cholamandalam Financial Holdings Ltd	Equity	₹14.5 Cr	1.25%
Arman Financial Services Ltd	Equity	₹13.78 Cr	1.19%
Bajaj Housing Finance Ltd	Equity	₹13.5 Cr	1.16%
IndusInd Bank Ltd	Equity	₹12.51 Cr	1.08%
ICICI Lombard General Insurance Co Ltd	Equity	₹11.18 Cr	0.96%
LIC Housing Finance Ltd	Equity	₹10.05 Cr	0.87%
Cholamandalam Investment and Finance Co Ltd	Equity	₹9.87 Cr	0.85%
Multi Commodity Exchange of India Ltd	Equity	₹8.19 Cr	0.71%
Net Current Assets	Cash	₹7.81 Cr	0.67%
CSB Bank Ltd Ordinary Shares	Equity	₹6.09 Cr	0.53%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹4.8 Cr	0.41%
Equitas Small Finance Bank Ltd Ordinary Shares	Equity	₹4.49 Cr	0.39%
364 Days T - Bill- 06/02/2025	Bond - Gov't/Treasury	₹4.42 Cr	0.38%
Indian Energy Exchange Ltd	Equity	₹3.91 Cr	0.34%
Prudent Corporate Advisory Services Ltd	Equity	₹2.87 Cr	0.25%
Indian Renewable Energy Development Agency Ltd	Equity	₹2.1 Cr	0.18%
DCB Bank Ltd	Equity	₹0.93 Cr	0.08%
Clearing Corporation Of India Ltd. Std - Margin	Cash - Repurchase Agreement	₹0.08 Cr	0.01%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹1,124.49 Cr	96.99%
Technology	₹22.64 Cr	1.95%

Risk & Performance Ratios

Fund Managers

Preethi S

Since May 2022

Additional Scheme Detailsas of 31st October 2024

ISIN

INF789F01SN3

Expense Ratio

1.22%

Exit Load

1.00%

Fund Size

₹1,159 Cr

Age

11 years 10 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
Tata Nifty Private Bank ETF Very High Risk	0.1%	-	₹10.92 Cr	9.7%
Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk	-	-	-	-
Nippon India ETF Nifty PSU Bank BeES Very High Risk	0.5%	-	₹2481.67 Cr	25.4%
Kotak Nifty PSU Bank ETF Very High Risk	0.5%	-	₹1396.39 Cr	25.4%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2818.24 Cr	16.1%
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%	-	₹239.75 Cr	16.0%
ICICI Prudential Banking and Financial Services Regular Growth Very High Risk	1.8%	1.0%	₹8850.47 Cr	19.2%
UTI Banking and Financial Services Fund Regular Growth Very High Risk	2.2%	1.0%	₹1159.45 Cr	20.8%
Nippon India Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹6237.85 Cr	18.9%

About the AMC

UTI Mutual Fund

+91-22-6678 6666

https://www.utimf.com/

Total AUM

₹3,26,312 Cr

Address

UTI Towers, Gn Block, Mumbai, 400 051

Other Funds by UTI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
UTI Innovation Fund Direct Growth Very High Risk	0.8%	1.0%	₹809.61 Cr	12.3%
UTI Fixed Income Interval Fund Annual Plan I Direct Growth Low Risk	-	0.0%	₹20.40 Cr	7.0%
UTI Fixed Term Income Fund - Series XXXV-I (1260 Days) Direct Growth Low to Moderate Risk	-	0.0%	-	8.2%
UTI Fixed Term Income Fund - Series XXXV-III (1176 Days) Direct Growth Low to Moderate Risk	-	0.0%	-	8.1%
UTI FIIF Ser 2 Qt Interval V Direct Growth Low Risk	-	1.0%	₹4.80 Cr	6.7%
UTI Fixed Income Interval Fund Quarterly I Direct Growth Low Risk	-	0.0%	₹10.46 Cr	7.0%
UTI Fixed Inc Intvl Series2 Qt Intvl VI Direct Growth Moderate Risk	-	1.0%	₹11.46 Cr	7.2%
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	-	-	-	8.2%
UTI Fixed Income Interval Fund Annual Plan III Direct Growth Low to Moderate Risk	-	0.0%	₹13.38 Cr	7.0%
UTI Fixed Term Income Fund - Series XXXVI-I (1574 days) Direct Growth Low to Moderate Risk	-	0.0%	-	9.0%
UTI Floater Fund Direct Growth Moderate Risk	0.4%	0.0%	₹1417.84 Cr	7.6%
UTI Nifty 500 Value 50 Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹494.20 Cr	41.7%
UTI Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹820.41 Cr	8.1%
UTI Focused Equity Fund Direct Growth Very High Risk	0.7%	1.0%	₹2686.69 Cr	23.5%
UTI Silver ETF Fund of Fund Direct Growth Very High Risk	0.1%	1.0%	₹38.58 Cr	23.5%
UTI Nifty200 Momentum 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹8120.78 Cr	35.1%
UTI Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹5517.22 Cr	6.7%
UTI Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4668.91 Cr	8.3%
UTI Nifty Midcap 150 Quality 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹245.67 Cr	23.7%
UTI Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹6143.71 Cr	8.3%
UTI Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹4537.96 Cr	27.9%
UTI Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3046.30 Cr	7.8%
UTI Credit Risk Fund Direct Growth Moderately High risk	0.9%	1.0%	₹324.65 Cr	8.8%
UTI Dividend Yield Fund Direct Growth Very High Risk	1.4%	1.0%	₹4198.08 Cr	37.7%
UTI Banking and Financial Services Fund Direct Growth Very High Risk	1.2%	1.0%	₹1159.45 Cr	22.1%
UTI Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹560.42 Cr	9.8%
UTI Hybrid Equity Fund Direct Growth Very High Risk	1.2%	1.0%	₹6110.59 Cr	26.2%
UTI Long Term Equity Fund Direct Growth Very High Risk	0.9%	0.0%	₹3873.25 Cr	21.9%
UTI Flexi Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹25923.63 Cr	19.7%
UTI Bond Fund Direct Growth Moderate Risk	1.2%	0.0%	₹313.01 Cr	9.1%
UTI Liquid Fund Cash Plan Direct Growth Moderate Risk	0.1%	0.0%	₹28665.46 Cr	7.5%
UTI Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹663.24 Cr	9.3%
UTI India Consumer Fund Direct Growth Very High Risk	1.6%	1.0%	₹709.16 Cr	25.3%
UTI Infrastructure Fund Direct Growth Very High Risk	1.8%	1.0%	₹2292.94 Cr	29.3%
UTI MNC Fund Direct Growth Very High Risk	1.2%	1.0%	₹3030.90 Cr	21.5%
UTI Master Share Unit Scheme Direct Growth Very High Risk	0.9%	1.0%	₹12841.53 Cr	19.8%
UTI Regular Savings Fund Direct Growth Moderately High risk	1.2%	1.0%	₹1645.46 Cr	14.6%
UTI Money Market Fund Direct Growth Moderate Risk	0.1%	0.0%	₹16113.17 Cr	7.8%
UTI Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹11894.38 Cr	27.1%
UTI Value Opportunities Fund Direct Growth Very High Risk	1.1%	1.0%	₹10140.68 Cr	34.4%
UTI Healthcare Fund Direct Growth Very High Risk	1.3%	1.0%	₹1187.02 Cr	44.4%
UTI Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹19626.32 Cr	19.1%
UTI Transportation & Logistics Fund Direct Growth Very High Risk	0.9%	1.0%	₹3477.85 Cr	32.0%
UTI Short Term Income Fund Direct Growth Moderate Risk	0.4%	0.0%	₹2675.97 Cr	8.6%
UTI - Treasury Advantage Fund Direct Growth Moderate Risk	0.4%	0.0%	₹3393.73 Cr	7.8%
UTI Multi Asset Fund Direct Growth High Risk	0.7%	1.0%	₹4415.49 Cr	28.8%
UTI Core Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹3976.41 Cr	35.9%
UTI Medium Term Fund Direct Growth Moderate Risk	0.8%	1.0%	₹40.42 Cr	8.4%

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 UTI Banking and Financial Services Fund Direct Growth?

The NAV of UTI Banking and Financial Services Fund Direct Growth, as of 21-Nov-2024, is ₹190.05.

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

The fund has generated 22.08% over the last 1 year and 12.56% 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 UTI Banking and Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 98.94% in equities, 0.38% in bonds, and 0.68% in cash and cash equivalents.

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

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

Preethi S

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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UTI Banking and Financial Services Fund Direct Growth

Fund Overview