ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl
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Equity
Direct
Sector - Financial Services
NAV: ₹ 10.8 as on 03-02-2023
Fund Performance
Fund Performance as on (19-Jan-23)
About the Fund
ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 8 December, 2021. The fund is managed by Rohan Korde, Dhimant Shah, Tanay Gabhawala. The fund could potentially beat inflation in the long-run.
Key parameters
1) ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl has a NAV of ₹10.8457 as on 03-02-2023.
2) ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹227 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.
3) The fund has an expense ratio 0.38 %.
Fund Overview
Expense ratio | 0.38% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹227 Cr |
Inception Date | 8 December, 2021 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 0% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
84.6%
Small cap
6.8%
Mid cap
3.8%
Sector Allocation
Financial Services
100%
Top Holdings as on (31-Dec-22)
Equity Holdings23
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
ICICI Bank Ltd | 18.85% | 0% | |
HDFC Bank Ltd | 18.26% | 2.8% | |
Housing Development Finance Corp Ltd | 9.83% | 0% | |
State Bank of India | 8.2% | 6.6% | |
Axis Bank Ltd | 7.93% | 0% |
See all
What changed
in last one month
AUM has remained same in the last 1M
Dec'22 return outperformed benchmark
Change in AUM
Dec'22
₹ 226.8 Cr
Nov'22
₹ 226.8 Cr
Oct'22
₹ 213.6 Cr
Fund Returns vs Benchmark
Jan'23
5.96%
5.37%
Dec'22
4.20%
2.63%
Nov'22
5.96%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Karur Vysya Bank Ltd | 13.3% |
UTI Asset Management Company Ltd | 12.5% |
Axis Bank Ltd | 3.3% |
Peer Analysis
Fund Manager
Rohan Korde
Fund Manager of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 29 April 2022
Top funds managed
Dhimant Shah
Fund Manager of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 1 December 2022
Top funds managed
Tanay Gabhawala
Fund Manager of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 21 October 2022
Top funds managed
AMC details
Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹3.58K Cr
as on 31-Dec-2022
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Email
mfassist@itiorg.com
Fund 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 4.46% since inception which is less than its category average return of 25.88%
Fund Allocations
This fund has an allocation of 95.19% in Equity, 0% in Debt and 4.81% in Cash related instruments
AUM size ₹227 Cr
This fund has AUM of ₹227 Cr which is less than its category average of ₹ 1407 Cr
Expense Ratio 0.38%
This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 1.53%
Frequently Asked Questions
The current NAV of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 10.85 as on 03-Feb-2023.
Existing (Absolute + CAGR)
ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | -4.63% | -4.63% |
6 Month Returns | 6.04% | 6.04% |
1 Year Returns | 5.71% | 5.71% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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0.38 as on January 2023
227 Cr as on January 2023
ICICI Bank Ltd(18.85%),HDFC Bank Ltd(18.26%),Housing Development Finance Corp Ltd(9.83%),State Bank of India(8.2%),Axis Bank Ltd(7.93%) as on January 2023
The alpha ratio for the ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl | 3.27 | - | - |
As on January 2023
The alpha for ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl | 0.96 | - | - |
As on January 2023
The Beta for ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl | 0.12 | - | - |
As on January 2023
The sharpe ratio for ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl | 19.09 | - | - |
As on January 2023
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.
Rohan Korde,Dhimant Shah,Tanay Gabhawala are the fund managers of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl
The Exit load of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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.