RK
Rohan KordeFund Manager Since 29 Apr 2022
EquitySector - Financial Services
ITI Banking and Financial Services Fund Direct Growth
3Y Annualised
14.63%
-0.17% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
-0.37%
-0.17% 1D
Benchmark
SBI Nifty 10 yr Benchmark G-Sec ETF
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
This Fund
5 years 1 months
NIFTY 50
6 years 5 months
FD
9 years 7 months
Fund info
Fund size
₹259.84 Cr
Min. SIP amount
₹500
Min. Lumpsum amount
₹5000
Exit load
0.01%
1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
Risk Profile
Very High Risk
Peer Comparison
This Fund's Performance Compared With Peers
Over the Period of oneMonth
1st
ICICI Prudential Nifty Bank ETF
11.86%
2nd
HDFC Nifty Bank ETF - Growth
4.01%
3rd
ICICI Prudential Nifty Private Banks ETF
2.39%
4th
IDBI Banking Financial Services Fund Direct Reinvestment of Income Distribution cum Cap wdrl
1.94%
5th
IDBI Banking Financial Services Fund Direct Payout of Income Distribution cum Cap wdrl
1.94%
16th
ITI Banking and Financial Services Fund Direct Growth
-0.37%
Fund Managers
PA
Pratibh AgarwalFund Manager Since 8 Dec 2021
HG
Hetal GadaFund Manager Since 8 Dec 2021
About ITI Banking and Financial Services Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth is a Equity mutual fund scheme from ITI Asset Management Limited. This fund has been in existence for 3 years, having been launched on 2021-12-08. ITI Banking and Financial Services Fund Direct Growth has ₹259.84 Cr worth of assets under management (AUM) as of Sat Mar 15 2025. The latest Net Asset Value (NAV) of ITI Banking and Financial Services Fund Direct Growth as of Thu Mar 13 2025 is ₹13.9597. The fund has an expense ratio of 0.35%, which is medium comparable to most other Equity funds.
ITI Banking and Financial Services Fund Direct Growth returns for the last 1 year are 6.65%. Since launch, it has delivered 9.73% average annual returns.
The ITI Banking and Financial Services Fund Direct Growth has the majority of its money invested in Financial Services sectors.
Top 5 Holdings of ITI Banking and Financial Services Fund Direct Growth.
- HDFC Bank Ltd: 25.32%
- ICICI Bank Ltd: 13.86%
- Kotak Mahindra Bank Ltd: 7.48%
- State Bank of India: 6.74%
- Axis Bank Ltd: 6.67%
AMC Information
| Name | ITI Asset Management Limited |
|---|---|
| Founding Date | 2021-12-08 |
| mfassist@itiorg.com | |
| Phone | 022-66214999 |
| Website | www.itimf.com |
| Address | Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road |
Tax Implications of ITI Banking and Financial Services Fund Direct Growth
| Short Term Gains | 20% + applicable Surcharge + 4% Cess |
|---|---|
| Long Term Gains | 12.5% without indexation + applicable Surcharge + 4% Cess |
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FAQs
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