ITI Banking & PSU Fund Gr Direct Growth

ITI Banking & PSU Fund Gr Direct Growth

Debt

ITI Mutual Fund

Banking & Psu

Get the latest NAV of ITI Banking & PSU Fund Gr 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.

₹13.39

NAV as on 27 Jun 2025

6.44%/per year

Since Inception

Absolute Gain%

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16 people have invested ₹ 5.4L in ITI Banking & PSU Fund Gr Direct Growth in the last three months

Fund Performance

as on (27-Jun-25)

Period
This Fund
Banking and PSU Index
1 Month
0.31%
-0.16%
3 Months
2.62%
2.5%
6 Months
4.78%
4.57%
1 Year
8.88%
8.63%
3 Years
7.67%
7.37%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
ITI Banking & PSU Fund Gr
-
36Cr
0.15%
8.88%
7.67%
6.44%
Kotak Banking and PSU Debt Fund Direct Growth
1/12
6,198Cr
0.4%
9.51%
8.17%
8.27%
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth
2/12
9,130Cr
0.39%
9.38%
7.88%
8.52%
ICICI Prudential Banking and PSU Debt Fund Direct Growth
3/12
10,485Cr
0.39%
9.13%
8.25%
8.26%
See all

ITI Banking & PSU Fund Gr Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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Total Investment

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Profit

Total Corpus

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Absolute Return
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ITI Banking & PSU Fund Gr Asset Allocation

See fund asset allocation details as on (14-Jun-25)

Fund Distribution

as on (14-Jun-25)

Debt & Cash 99.8%

AAA
100%
Cash allocation has gone up from 32% to 40.2%
Cash allocation has gone up from 32% to 40.2%
Debt allocation has gone down from 67.7% to 59.5%
Debt allocation has gone down from 67.7% to 59.5%

ITI Banking & PSU Fund Gr Sector Allocation

See fund sector allocation details as on (14-Jun-25)

Sector Allocation

Debt & Cash 99.8%

Cash Equivalent
59.3%
Government
32.5%
Corporate
8.2%

Top 2 Sectors in May were Corporate, Government

May'25

Corporate

43%

Government

30%

Apr'25

Corporate

50%

Government

38%

ITI Banking & PSU Fund Gr Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.15%
Benchmark
CRISIL Banking and PSU Debt A-II TR INR
AUM₹36 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

About ITI Banking & PSU Fund Gr

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 ₹36 Cr worth of assets under management (AUM) as on Jun 2025 and is more 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 6.44% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.88% and 7.67% respectively.

Holdings

ITI Banking & PSU Fund Gr Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 6.33% Gsec Mat - 05/05/2035, Rec Limited, National Housing Bank, Small Industries Development Bank Of India, Indian Railway Finance Corporation Limited

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.

Fund Manager

Laukik Bagwe

Fund Manager of ITI Banking & PSU Fund Gr Direct Growth, since 1 February 2025

Learn more about ITI Mutual Fund
Parameters
May'25
Apr'25
Mar'25
AUM
₹ 36 Cr
₹ 35.4 Cr
₹ 34.8 Cr
  • AUM of the fund stands at 36 Cr as of May'25
  • AUM increased by 0.6 Cr between May'25 and Apr'25

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

How do I invest in ITI Banking & PSU Fund Gr?

INDmoney makes it simple to invest in the ITI Banking & PSU Fund Gr. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘ITI Banking & PSU Fund Gr’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of ITI Banking & PSU Fund Gr?

The NAV of the fund today is ₹13.39. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

ITI Banking & PSU Fund Gr fund has generated a return of 8.88% in 1 year, 7.67% in 3 years

Who is the fund manager of ITI Banking & PSU Fund Gr?

The fund managers are Laukik Bagwe.

What is the exit load of the fund?

The exit load is . Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.15%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹36 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of ITI Banking & PSU Fund Gr?

The top 3 holdings of the fund are 6.33% Gsec Mat - 05/05/2035(13.99%), Rec Limited(8.53%), National Housing Bank(7.14%)