ITI Banking and Financial Services Fund Direct Growth

ITI Banking and Financial Services Fund Direct Growth

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Equity
Direct
Sector - Financial Services
NAV: ₹ 13.38 as on 27-02-2024
Fund Performance
zero opening, trading, fund transfer fee
26 people have invested ₹ 61.6K 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

  1. ITI Banking and Financial Services Fund Direct Growth has ₹257 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

ITI Banking and Financial Services Fund Direct Growth Overview

Expense ratio
Expense ratio
0.44%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹257 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
55.23%

ITI Banking and Financial Services Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 95.1%

  • Debt & Cash 4.9%

Size breakup

Large cap
63%
Mid cap
20.7%
Small cap
11.4%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
100%

Top Holdings of ITI Banking and Financial Services Fund Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings31

ITI Banking and Financial Services Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
-0.38%
6.14%
4.70%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at -0.38% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed Nifty 500 by 2.09% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 257.2 Cr
₹ 257.2 Cr
₹ 247.1 Cr
  • AUM of the fund stands at 257.2 Cr as of Jan'24
  • AUM has remained same between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in ITI Banking and Financial Services Fund Direct Growth portfolio Returns for the month of Jan

ITI Banking and Financial Services Fund Direct Growth Highlights

Risk 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 12.45% since inception which is less than its category average return of 15.75%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.15% in Equity, 0% in Debt and 4.85% in Cash related instruments
AUM size ₹257 Cr

AUM size ₹257 Cr

This fund has AUM of ₹257 Cr which is less than its category average of ₹ 1520 Cr
Expense Ratio 0.44%

Expense Ratio 0.44%

This fund has an expense ratio of 0.44% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of ITI Banking and Financial Services Fund Direct Growth is ₹13.38 as on 27-Feb-2024.
Existing (Absolute + CAGR) as on 27-Feb-2024.
ITI Banking and Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.9%
4.9%
6 Month Returns
11.17%
11.17%
1 Year Returns
26.67%
26.67%
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 January 2024
₹257 Cr as on January 2024
ICICI Bank Ltd(15.67%), HDFC Bank Ltd(12.82%), Axis Bank Ltd(7.92%), State Bank of India(6.85%), Kotak Mahindra Bank Ltd(4.57%) as on January 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
7.95
-
-
As on January 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
0.85
-
-
As on January 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
1.19
-
-
As on January 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
12
-
-
As on January 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%