ITI Banking and Financial Services Fund Direct Growth
NAV as on 29-04-2025
₹ 15.72
▲1%
1D
Inception Returns
13.3%
/yr
Historical NAV & Returns
Absolute
▲
▼
27 people have invested ₹ 70.1K in ITI Banking and Financial Services Fund Direct Growth in the last three months
About 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 ₹288 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
ITI Banking and Financial Services Fund Direct Growth has given a CAGR return of 13.34% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 15.75% and 17.70% respectively.
Holdings
ITI Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of ITI Banking and Financial Services Fund Direct Growth
The investment objective of the scheme is 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. However, there can be no assurance that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Banking and Financial Services Fund Direct Growth has no lock in period.
ITI Banking and Financial Services Fund Direct Growth Overview
| Expense ratio | 0.56% |
Benchmark | Nifty Financial Services TR INR |
| AUM | ₹288 Cr |
| Inception Date | 8 December, 2021 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 179.32% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
79.4%
Mid cap
9.4%
Small cap
8%
Sector Allocation
Financial Services
99.3%
Tech
0.7%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 9.21% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund outperformed Nifty 500 by 1.96% in Mar'25
- AUM of the fund stands at 287.8 Cr as of Mar'25
- AUM increased by 27.9 Cr between Mar'25 and Feb'25
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 13.86% to 15.62%
Kotak Mahindra Bank Ltd's allocation increased from 7.48% to 8.01%
Manappuram Finance Ltd's allocation increased from 0.6% to 1.07%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 25.32 % to 23.72 %
Bajaj Finance Ltd's allocation decreased from 6.14 % to 5.71 %
Bajaj Finserv Ltd's allocation decreased from 5.26 % to 2.6 %
Mid Cap allocation has gone up from 8.4% to 9.4%
Large Cap allocation has gone up from 79% to 79.4%
Small Cap allocation has gone down from 10.1% to 8%
Cash allocation has gone up from 2.5% to 3.2%
Top 2 Sectors in March were Financial Services, Tech
Mar'25
Financial Services
99%
Tech
Feb'25
Financial Services
99%
Tech
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 23.72% | -1.7% | |
 ICICI Bank Ltd | 15.62% | 11.5% | |
 Kotak Mahindra Bank Ltd | 8.01% | 3.9% | |
 State Bank of India | 6.92% | 1.4% | |
 Axis Bank Ltd | 6.81% | 4.1% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
ITI Banking and Financial Services Fund Direct Growth | 15.75% | 17.7% | - | 13.34% |
 Tata Banking & Financial Services Fund Direct Growth | 22.05% | 22.42% | 24.66% | 18.63% |
 SBI Banking & Financial Services Direct Growth | 21.7% | 20.86% | 25.43% | 16.05% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 19.67% | 20.76% | - | 19.05% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 8.6% |
 ICICI Bank Ltd | 8.4% |
 Kotak Mahindra Bank Ltd | 3.7% |
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Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹8.64K Cr
as on 31-Mar-2025
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com
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 13.34% since inception which is less than its category average return of 14.9%
Fund Allocations
This fund has an allocation of 96.8% in Equity, 0% in Debt and 3.2% in Cash related instruments
AUM size ₹288 Cr
This fund has AUM of ₹288 Cr which is less than its category average of ₹ 1926 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.33%
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5Y CAGR
▲ 31.87
3Y CAGR
▲ 24.68
5Y CAGR
▲ 25.04
3Y CAGR
▲ 21.39
5Y CAGR
▲ 22.46
Frequently Asked Questions for ITI Banking and Financial Services Fund Direct Growth
The current NAV of ITI Banking and Financial Services Fund Direct Growth is ₹15.72 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
ITI Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.76% | 4.76% |
6 Month Returns | 9.37% | 9.37% |
1 Year Returns | 15.75% | 15.75% |
3 Years Returns | 63.05% | 17.7% |
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.
0.56% as on March 2025
₹288 Cr as on March 2025
HDFC Bank Ltd(23.72%), ICICI Bank Ltd(15.62%), Kotak Mahindra Bank Ltd(8.01%), State Bank of India(6.92%), Axis Bank Ltd(6.81%) as on March 2025
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 | -7.01 | 1.64 | - |
As on March 2025
The alpha for ITI Banking and Financial Services Fund Direct Growth is calculated against Nifty Financial Services TR 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 | 1.04 | 0.92 | - |
As on March 2025
The Beta for ITI Banking and Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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 | 0.47 | 0.65 | - |
As on March 2025
The sharpe ratio for ITI Banking and Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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 | 13.83 | 14.31 | - |
As on March 2025
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.
Sortino ratio is 1.23 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.27 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of ITI Banking and Financial Services Fund Direct Growth is 1%