ITI Banking and Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 13.5 as on 22-04-2024
Fund Performance
31 people have invested ₹ 55.2K in ITI Banking and Financial Services Fund Direct Growth in the last three months
About the ITI Banking and Financial Services Fund Direct Growth
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 . The fund could potentially beat inflation in the long-run.
Key Parameters
- ITI Banking and Financial Services Fund Direct Growth has ₹258 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.4.
ITI Banking and Financial Services Fund Direct Growth Overview
 | 0.44% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹258 Cr |
 | 8 December, 2021 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 55.23% |
ITI Banking and Financial Services Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
73.8%
Mid cap
17.3%
Small cap
5.3%
Sector Allocation
Financial Services
100%
Top Holdings of ITI Banking and Financial Services Fund Direct Growth as on (31-Mar-24)
Equity Holdings31
ITI Banking and Financial Services Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.21% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.68% in Mar'24
AUM Change
- AUM of the fund stands at 258.3 Cr as of Mar'24
- AUM increased by 1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ITI Banking and Financial Services Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Muthoot Finance Ltd | 23.5% |
 Bajaj Finance Ltd | 12% |
 ICICI Prudential Life Insurance Company Ltd | 9.7% |
Peer Analysis
ITI Banking and Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.01% since inception which is less than its category average return of 15.45%
Fund Allocations
This fund has an allocation of 96.35% in Equity, 0% in Debt and 3.65% in Cash related instruments
AUM size ₹258 Cr
This fund has AUM of ₹258 Cr which is less than its category average of ₹ 1553 Cr
Expense Ratio 0.44%
This fund has an expense ratio of 0.44% which is less than its category average expense ratio of 1.35%
Frequently Asked Questions
The current NAV of ITI Banking and Financial Services Fund Direct Growth is ₹13.5 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
ITI Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.55% | 2.55% |
6 Month Returns | 11.7% | 11.7% |
1 Year Returns | 23.5% | 23.5% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.44% as on March 2024
₹258 Cr as on March 2024
ICICI Bank Ltd(19.35%), HDFC Bank Ltd(14.69%), State Bank of India(8.98%), Axis Bank Ltd(6.29%), Kotak Mahindra Bank Ltd(4.52%) as on March 2024
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 | 8.9 | - | - |
As on March 2024
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 | 0.78 | - | - |
As on March 2024
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 | 1.45 | - | - |
As on March 2024
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 | 11.58 | - | - |
As on March 2024
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.
The Exit load of ITI Banking and Financial Services Fund Direct Growth is 1%