Overview
ITI Banking and Financial Services Fund Direct Growth
ITI Mutual Fund
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
Investments in ITI Banking and Financial Services Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 15.8651
Fund Size (AUM)
₹287.76 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹500
Launch Date
06-Dec-2021
Expense Ratio
0.56%
Exit Load
Exit load of 1% if redeemed within 12 months.
Benchmark
NIFTY Financial Services Total Return Index
Standard Deviation
14.31
History
Performance & Ratios
1-Year SIP Return
17.81%
3-Year SIP Return
17.27%
5-Year SIP Return
N/A
Mean Return
N/A
Alpha
2.65
Beta
0.91
Sharpe Ratio
0.67
Sortino Ratio
1.39
Information Ratio
0.4
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 18.68% | 17.58% | N/A | N/A |
| Category Average | 15.48% | 17.49% | 25.41% | N/A |
| Rank Within Category | 14 | 11 | N/A | N/A |
Holdings (30)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 23.72% |
| ICICI Bank Ltd. | Financial | Equity | 15.62% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 8.01% |
| State Bank of India | Financial | Equity | 6.92% |
| Axis Bank Ltd. | Financial | Equity | 6.81% |
| Bajaj Finance Ltd. | Financial | Equity | 5.71% |
| Bajaj Finserv Ltd. | Financial | Equity | 2.6% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 2.02% |
| HDFC Life Insurance Co Ltd. | Insurance | Equity | 1.74% |
| Muthoot Finance Ltd. | Financial | Equity | 1.58% |
Holdings Analysis
Peer Comparison
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 14, 21, 28
Min Amount: ₹ 1000
Min Installments: 2
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 7, 14, 21, 28
Min Amount: ₹ 1000
Min Installments: 2
AMC Details
Asset Management Company
ITI Mutual Fund
None ITI Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Launch Date
2018-05-14T00:00:00.689Z
Total AUM
₹ 9273.61 Cr
Address
ITI Asset Mangement Limited,ITI House, Building no. 36,Dr. R. K. Shirodkar Marg, Parel, Mumbai 400012
Phone
022-66214999
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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ITI Banking and Financial Services Fund Direct Growth
ITI Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for ITI Banking and Financial Services Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of ITI Banking and Financial Services Fund Direct Growth?
The top stocks held by ITI Banking and Financial Services Fund Direct Growth include HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd..
Which industries does ITI Banking and Financial Services Fund Direct Growth invest in?
ITI Banking and Financial Services Fund Direct Growth primarily invests in the following industries: Financial, Insurance, Services.
Who are the fund managers of ITI Banking and Financial Services Fund Direct Growth?
The fund managers of ITI Banking and Financial Services Fund Direct Growth are Rohan Korde and Nilay Dalal and Rajesh Bhatia.
How many years has the fund manager been managing ITI Banking and Financial Services Fund Direct Growth?
Rohan Korde:
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Nilay Dalal:
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Rajesh Bhatia:
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What is the minimum investment for ITI Banking and Financial Services Fund Direct Growth?
The minimum investment for ITI Banking and Financial Services Fund Direct Growth is ₹5000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for ITI Banking and Financial Services Fund Direct Growth?
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What are the average 3-year returns for ITI Banking and Financial Services Fund Direct Growth?
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What is the expense ratio of ITI Banking and Financial Services Fund Direct Growth, and how does it compare to its category?
The expense ratio of ITI Banking and Financial Services Fund Direct Growth is 0.56%. No category comparison data is available.