ITI Banking and Financial Services Fund Direct Growth
Get the latest NAV of ITI Banking and Financial Services Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹15.72
1D
NAV as on 13 May 2025
13.09%/per year
Since Inception
▲▼
30 people have invested ₹ 1.1L in ITI Banking and Financial Services Fund Direct Growth in the last three months
ITI Banking and Financial Services Fund Performance vs. Nifty 500
Fund returns vs Benchmark returns vs Category Average returns as on (13-May-25)
The fund has outperformed the benchmark (Nifty 500) over 1Y, 3Y, but underperformed over 5Y.
Peer comparison
ITI Banking and Financial Services Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
ITI Banking and Financial Services Fund Asset Allocation
See fund asset allocation details as on (15-Apr-25)
Fund Distribution
as on (15-Apr-25)
Equity 96.4%
Debt & Cash 3.6%
ITI Banking and Financial Services Fund Sector Allocation
See fund sector allocation details as on (15-Apr-25)
Sector Allocation
Equity 96.4%
Debt & Cash 3.6%
Top 2 Sectors in March were Financial Services, Tech
Financial Services
99%
Tech
Financial Services
99%
Tech
ITI Banking and Financial Services Fund Holdings Details
as on (30-Apr-25)
Equity
ITI Banking and Financial Services Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.56% |
Benchmark | Nifty Financial Services TR INR |
| AUM | ₹301 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 |
About ITI Banking and Financial Services Fund
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 ₹301 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 13.09% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 18.21% and 20.65% 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, Axis Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India
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.
- 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
More funds from ITI
5Y CAGR
▲ 32.76
3Y CAGR
▲ 29.14
5Y CAGR
▲ 25.37
5Y CAGR
▲ 23.01
3Y CAGR
▲ 24.25
Compare ITI Banking and Financial Services Fund
ITI Banking and Financial Services Fund
VS
ICICI Prudential Banking and Financial Services Fund Direct Growth
Frequently Asked Questions for ITI Banking and Financial Services Fund Direct Growth
What is the current NAV of ITI Banking and Financial Services Fund Direct Growth?
What are the average returns of ITI Banking and Financial Services Fund Direct Growth?
ITI Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.45% | 6.45% |
6 Month Returns | 12.58% | 12.58% |
1 Year Returns | 18.21% | 18.21% |
3 Years Returns | 75.61% | 20.65% |
How do I invest in ITI Banking and Financial Services Fund Direct Growth?
- 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.
What is the expense ratio of ITI Banking and Financial Services Fund Direct Growth?
What is net assets under management (AUM) of ITI Banking and Financial Services Fund Direct Growth?
What are the top 5 holdings of ITI Banking and Financial Services Fund Direct Growth?
What is the alpha of ITI Banking and Financial Services Fund Direct Growth?
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ITI Banking and Financial Services Fund Direct Growth | -7.42 | 0.85 | - |
What is the beta of ITI Banking and Financial Services Fund Direct Growth??
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ITI Banking and Financial Services Fund Direct Growth | 1.03 | 0.94 | - |
What is the sharpe ratio of ITI Banking and Financial Services Fund Direct Growth?
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ITI Banking and Financial Services Fund Direct Growth | 0.44 | 0.75 | - |
What is the standard deviation of ITI Banking and Financial Services Fund Direct Growth?
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ITI Banking and Financial Services Fund Direct Growth | 13.73 | 14.33 | - |