ITI Banking & PSU Fund Gr Direct Growth

ITI Banking & PSU Fund Gr Direct Growth

Debt

Direct

Banking & Psu

NAV as on 20-03-2025

₹ 13.01

0.1%

1D

Inception Returns

6.2%

/yr

About ITI Banking & PSU Fund Gr Direct Growth

ITI Banking & PSU Fund Gr Direct Growth is a debt fund. This fund was started on 22 October, 2020. The fund is managed by Laukik Bagwe. This fund is suitable to keep your money safe.

Key Parameters

  1. ITI Banking & PSU Fund Gr Direct Growth has ₹31 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

ITI Banking & PSU Fund Gr Direct Growth has given a CAGR return of 6.15% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.83% and 6.94% respectively.

Holdings

ITI Banking & PSU Fund Gr Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 6.79% Government Of India (07/10/2034), REC Ltd. 7.71%, National Housing Bank, Power Grid Corporation Of India Limited, Union Bank Of India

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of ITI Banking & PSU Fund Gr Direct Growth

The investment objective of the Scheme is to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds. However, there can be no assurance or guarantee 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 & PSU Fund Gr Direct Growth has no lock in period.

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
18 people have invested ₹ 40.4K in ITI Banking & PSU Fund Gr Direct Growth in the last three months

ITI Banking & PSU Fund Gr Direct Growth Overview

Expense ratio0.15%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹31 Cr
Inception Date22 October, 2020
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
646.37%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (20-Mar-25)

Period
ITI Banking & PSU Fund Gr Direct Growth
Banking and PSU Index
1M
0.7%
0.6%
3M
1.9%
1.6%
6M
3.6%
3%
1Y
7.8%
7.1%
3Y
6.9%
6.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
51.9%
Government
32.1%
Cash Equivalent
16.1%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 30.6 Cr
₹ 30.7 Cr
₹ 30.6 Cr
  • AUM of the fund stands at 30.6 Cr as of Feb'25
  • AUM decreased by 0.2 Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Limited's allocation increased from 5.26% to 9.79%
HDFC Bank Limited's allocation increased from 5.26% to 9.79%
Power Grid Corporation Of India Limited's allocation increased from 5.26% to 8.24%
Power Grid Corporation Of India Limited's allocation increased from 5.26% to 8.24%
National Bank For Agriculture And Rural Development's allocation increased from 5.26% to 7.35%
National Bank For Agriculture And Rural Development's allocation increased from 5.26% to 7.35%
Top Stocks sold last month
Bharat Petroleum Corporation Limited's allocation decreased from 11.55 % to 8.11 %
Bharat Petroleum Corporation Limited's allocation decreased from 11.55 % to 8.11 %
Debt allocation has gone up from 49.5% to 58.1%
Debt allocation has gone up from 49.5% to 58.1%
Cash allocation has gone down from 50.2% to 41.6%
Cash allocation has gone down from 50.2% to 41.6%

Top 2 Sectors in February were Corporate, Government

Feb'25
Corporate
52%
Government
32%
Jan'25
Corporate
33%
Government
32%
  • Debt & Cash

Holdings
Weight%
1M Change
6.79% Government Of India (07/10/2034)
6.79% Government Of India (07/10/2034)
24.73%
0%
REC Ltd. 7.71%
REC Ltd. 7.71%
9.87%
0%
National Housing Bank
National Housing Bank
8.22%
0%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
8.22%
0%
Union Bank Of India
Union Bank Of India
8.19%
100%
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Laukik Bagwe
Laukik Bagwe
Fund Manager of ITI Banking & PSU Fund Gr Direct Growth, since 1 February 2025
Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹10.09K Cr
as on 31-Jan-2025
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com

ITI Banking & PSU Fund Gr Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.15% since inception which is more than its category average return of 6.06%
AUM size ₹31 Cr

AUM size ₹31 Cr

This fund has AUM of ₹31 Cr which is less than its category average of ₹ 4125 Cr
Expense Ratio 0.15%

Expense Ratio 0.15%

This fund has an expense ratio of 0.15% which is less than its category average expense ratio of 0.51%

Frequently Asked Questions for ITI Banking & PSU Fund Gr Direct Growth

The current NAV of ITI Banking & PSU Fund Gr Direct Growth is ₹13.01 as on 20-Mar-2025.
Existing (Absolute + CAGR) as on 20-Mar-2025.
ITI Banking & PSU Fund Gr Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.68%
0.68%
6 Month Returns
3.64%
3.64%
1 Year Returns
7.83%
7.83%
3 Years Returns
22.3%
6.94%
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.
0.15% as on February 2025
₹31 Cr as on February 2025
6.79% Government Of India (07/10/2034)(24.73%), REC Ltd. 7.71%(9.87%), National Housing Bank(8.22%), Power Grid Corporation Of India Limited(8.22%), Union Bank Of India(8.19%) as on February 2025
Corporate(47.44%), Government(38.05%), Cash Equivalent(14.51%) as on January 1
Yield to Maturity is 7.16 as on February 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 1.73 as on February 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Laukik Bagwe is the fund manager of ITI Banking & PSU Fund Gr Direct Growth
The Exit load of ITI Banking & PSU Fund Gr Direct Growth is 0%