Overview
UTI Banking and Financial Services Fund Direct Plan Growth
UTI Mutual Fund
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies/institutions engaged in the banking and financial services activities.
Investments in UTI Banking and Financial Services Fund Direct Plan Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 211.9315
Fund Size (AUM)
₹1211.18 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹500
Launch Date
01-Jan-2013
Expense Ratio
1.12%
Exit Load
Exit load of 1%, if redeemed within 30 days.
Benchmark
NIFTY Financial Services Total Return Index
Standard Deviation
14.92
History
Performance & Ratios
1-Year SIP Return
-5.03%
3-Year SIP Return
12.6%
5-Year SIP Return
15.88%
Mean Return
10.39%
Alpha
3.98
Beta
0.93
Sharpe Ratio
0.74
Sortino Ratio
1.89
Information Ratio
0.58
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 21.47% | 19.24% | 26.25% | 11.06% |
| Category Average | 15.48% | 17.49% | 25.41% | N/A |
| Rank Within Category | 8 | 9 | 7 | N/A |
Holdings (31)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 20.62% |
| HDFC Bank Ltd. | Financial | Equity | 15.18% |
| Bajaj Finance Ltd. | Financial | Equity | 6.15% |
| Axis Bank Ltd. | Financial | Equity | 6.1% |
| Shriram Finance Ltd | Financial | Equity | 5.33% |
| State Bank of India | Financial | Equity | 4.78% |
| India Shelter Finance Corporation Ltd. | Financial | Equity | 4.59% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.01% |
| HDFC Life Insurance Co Ltd. | Insurance | Equity | 3.95% |
| Karur Vysya Bank Ltd. | Financial | Equity | 3.24% |
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: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 3
AMC Details
Asset Management Company
UTI Mutual Fund
UTI Mutual Fund started their mutual fund on 01/02/2003 and its managing total assets of ₹1,50,669 Cr. Its ranked at 6 as per total assets at end of 30th Sep 2017. UTI 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.
UTI Mutual Fund was carved out of the erstwhile Unit Trust of India as a SEBI registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into – Specified Undertaking of Unit Trust of India; and UTI Mutual Fund. UTI AMC, India’s most trusted Wealth creators and always has the interest of its investors in its heart. The AMC has completed 50 years as India’s leading Financial service institution and was a sole vehicle of capital market investment for Indian Citizens till the early 90’s. The institution has shown great resilience and has grown from strength to strength overcoming economic turbulence and global turnarounds. This AMC has contributed immensely to industrial and capital growth in the Indian market. It has led transformative initiatives like developmental financial institutions, rural outreach programs and financial products and services.
Launch Date
2002-11-14T00:00:00.262Z
Total AUM
₹ 337639.69 Cr
Address
UTI Tower, Plot C-1, GN Block,Banrda Kurla Complex, Bandra (East) Mumbai 400051
Phone
0263 2296993
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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UTI Banking and Financial Services Fund Direct Plan Growth
UTI Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for UTI Banking and Financial Services Fund Direct Plan 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 UTI Banking and Financial Services Fund Direct Plan Growth?
The top stocks held by UTI Banking and Financial Services Fund Direct Plan Growth include ICICI Bank Ltd., HDFC Bank Ltd., Bajaj Finance Ltd..
Which industries does UTI Banking and Financial Services Fund Direct Plan Growth invest in?
UTI Banking and Financial Services Fund Direct Plan Growth primarily invests in the following industries: Financial, Insurance, Services.
Who is the fund manager of UTI Banking and Financial Services Fund Direct Plan Growth?
The fund manager of UTI Banking and Financial Services Fund Direct Plan Growth is Preethi R S.
How many years has the fund manager been managing UTI Banking and Financial Services Fund Direct Plan Growth?
Preethi R S: Calculating...
What is the minimum investment for UTI Banking and Financial Services Fund Direct Plan Growth?
The minimum investment for UTI Banking and Financial Services Fund Direct Plan Growth is ₹5000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for UTI Banking and Financial Services Fund Direct Plan Growth?
Calculating...
What are the average 3-year returns for UTI Banking and Financial Services Fund Direct Plan Growth?
Calculating...
What is the expense ratio of UTI Banking and Financial Services Fund Direct Plan Growth, and how does it compare to its category?
The expense ratio of UTI Banking and Financial Services Fund Direct Plan Growth is 1.12%. No category comparison data is available.