ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl
ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl

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)

Return
1M
3M
6M
1Y
This Fund
-4.6%
-1%
6%
5.7%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
Category
-5.1%
0.7%
9.6%
7.1%
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
Expense ratio
0.38%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹227 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 as on (31-Dec-22)

  • Equity 95.2%
  • Debt & Cash 4.8%
Size breakup
Large cap
84.6%
Small cap
6.8%
Mid cap
3.8%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

100%

Top Holdings as on (31-Dec-22)

  • Equity
Equity Holdings23

What changed

in last one month
  • Scheme
  • Portfolio
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)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
23
24
22
Top 5 Company Concentration
63.1%
64.6%
62%
Company having highest exposure
ICICI Bank Ltd (18.8%)
ICICI Bank Ltd (20.7%)
HDFC Bank Ltd (18.3%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (95.2%)
Financial Services (98.5%)
Financial Services (98%)

Fund Manager

Rohan Korde

Rohan Korde

Fund Manager of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 29 April 2022
Dhimant Shah

Dhimant Shah

Fund Manager of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 1 December 2022
Tanay Gabhawala

Tanay Gabhawala

Fund Manager of ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 21 October 2022

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

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 4.46% since inception which is less than its category average return of 25.88%
Fund Allocations

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

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%

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.