ITI Banking and Financial Services Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth

ITI Banking and Financial Services Fund Direct Growth

Compare
Equity
Direct
Sector - Financial Services

NAV: ₹ 11.4 as on 02-12-2022

Fund Performance
zero opening, trading, fund transfer fee
30 people have invested ₹ 42.5K in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
This Fund
4%
7%
17.7%
Benchmark
2.8%
5%
13.4%
Category
5.5%
9.9%
22.5%
About the Fund

ITI Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on  8 December, 2021. The fund is managed by Pratibh Agarwal, Hetal Gada, Tanay Gabhawala, Rohan Korde. The fund could potentially beat inflation in the long-run.

Key parameters

1) ITI Banking and Financial Services Fund Direct Growth has a NAV of 11.3632 as on 02-12-2022.

2) ITI Banking and Financial Services Fund Direct Growth has 214 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.

3) The fund has an expense ratio 0.38 %.

Fund Overview

Expense ratio
Expense ratio
0.38%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹214 Cr
Inception Date
Inception Date
8 December, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Fund Distribution

  • Equity 98%
  • Debt & Cash 2%
Size breakup
Large cap
85.8%
Small cap
10.4%
Mid cap
1.8%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

100%

Top Holdings

  • All
  • Equity
Total Holdings22
Equity Holdings22

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 15.8 Cr in last 1M
Oct'22 return outperformed benchmark

Change in AUM

Oct'22
₹ 213.6 Cr
Sep'22
₹ 197.8 Cr
Aug'22
₹ 191.8 Cr

Fund Returns vs Benchmark

Oct'22
5.96%
5.37%
Sep'22
-3.29%
-2.51%
Aug'22
4.91%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
22
21
21
Top 5 Company Concentration
62%
62%
66.5%
Company having highest exposure
HDFC Bank Ltd (18.3%)
HDFC Bank Ltd (18.7%)
ICICI Bank Ltd (19.7%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (98%)
Financial Services (94.8%)
Financial Services (98%)

Fund Manager

Pratibh Agarwal

Pratibh Agarwal

Managing this fund since 8 December 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Small Cap Fund Direct Growth
0%
32.27%
ITI Balanced Advantage Fund Direct Growth
0%
11.65%
ITI Multi Cap Fund Direct Growth
11.4%
20.79%
Hetal Gada

Hetal Gada

Managing this fund since 8 December 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Long Term Equity Fund Direct Growth
14.4%
17.57%
Tanay Gabhawala

Tanay Gabhawala

Managing this fund since 21 October 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Small Cap Fund Direct Growth
0%
32.27%
ITI Balanced Advantage Fund Direct Growth
0%
11.65%
ITI Multi Cap Fund Direct Growth
11.4%
20.79%
Rohan Korde

Rohan Korde

Managing this fund since 29 April 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ITI Long Term Equity Fund Direct Growth
14.4%
17.57%
ITI Arbitrage Fund Direct Growth
3.37%
3.73%

AMC details

Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Fund House
ITI Asset Management Limited

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 10.18% since inception which is less than its category average return of 29.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.02% in Equity, 0% in Debt and 1.98% in Cash related instruments
AUM size ₹214 Cr

AUM size ₹214 Cr

This fund has AUM of ₹214 Cr which is less than its category average of ₹ 1460 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 1.6%

Frequently Asked Questions

The current NAV of ITI Banking and Financial Services Fund Direct Growth is 11.36.
Existing (Absolute + CAGR)
ITI Banking and Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.95%
3.95%
6 Month Returns
17.66%
17.66%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.38 as on November 2022
214 Cr as on November 2022
HDFC Bank Ltd(18.26%),ICICI Bank Ltd(18.13%),Housing Development Finance Corp Ltd(9.83%),Axis Bank Ltd(8.7%),Kotak Mahindra Bank Ltd(7.08%) as on November 2022
The alpha ratio for the ITI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ITI Banking and Financial Services Fund Direct Growth
-
-
-
As on month end.
The alpha for ITI Banking and Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ITI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ITI Banking and Financial Services Fund Direct Growth
-
-
-
As on month end.
The Beta for ITI Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ITI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ITI Banking and Financial Services Fund Direct Growth
-
-
-
As on month end.
The sharpe ratio for ITI Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ITI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ITI Banking and Financial Services Fund Direct Growth
-
-
-
As on month end.
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Pratibh Agarwal,Hetal Gada,Tanay Gabhawala,Rohan Korde are the fund managers of ITI Banking and Financial Services Fund Direct Growth
The Exit load of ITI Banking and Financial Services Fund Direct Growth is 1%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.