UTI Banking and Financial Services Fund Direct Growth

UTI Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Amit Premchandani. The fund could potentially beat inflation in the long-run.

1. UTI Banking and Financial Services Fund Direct Growth has ₹1295 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 1.2.
   

UTI Banking and Financial Services Fund Direct Growth has given a CAGR return of 12.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.84%, 25.21% and 24.58% respectively.

UTI Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Bajaj Finance Ltd, Shriram Finance Ltd

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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies/institutions engaged in the banking and financial services activities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. UTI Banking and Financial Services Fund Direct Growth has no lock in period.