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ITI Banking and Financial Services Fund (IDCW)

Sectoral / Thematic
Invest Now

  • NAV

    13.08(0.55%)

  • Fund Size (CR)

    ₹259.84

  • Expense Ratio

    2.25

  • Scheme Type

    Active Fund

  • Value Research

  • Min. investment

    ₹5,000

  • Minimum Additional Investment

    ₹1,000

  • Minimum SIP Investment

    ₹500

  • Minimum Withdrawal

    ₹1,000

  • Exit Load  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.

    1%

  • Return Since Launch

    8.40%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: -6.96%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Nilay Dalal

Bench Mark

Nifty Financial Services TRI

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 4 March 202510083.620.84%-1.69%678/862
1 Month11 February 20259980.59-0.19%--3.70%50/838
3 Month11 December 20249213.22-7.87%--14.07%40/792
6 Month11 September 20249452.96-5.47%--13.82%58/739
1 Year11 March 202410171.981.72%1.72%3.31%415/662
3 Year11 March 202214122.2541.22%12.18%16.61%367/482
5 Year--0%-21.47%-/-
Since Inception6 December 202113012.1030.12%8.40%9.21%603/862

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 April 20241,20,000116689.30-2.76% -2.76%
3 Year1 April 20223,60,000405682.3112.69% 4.06%
5 Year-----
10 Year-----

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

3.90%

Standard Deviation

0.91%

Beta

0.36%

Sharpe Ratio

-0.01%

Treynor's Ratio

-0.38%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
HDFC Bank25.32%37973465.79EquityBanks
ICICI Bank13.86%29903936.01EquityBanks
Kotak Mah. Bank7.48%10207919.43EquityBanks
St Bk of India6.74%25438717.52EquityBanks
Axis Bank6.67%17074417.34EquityBanks
Bajaj Finance6.14%1870015.95EquityFinance
Bajaj Finserv2.68%372266.97EquityFinance
Cholaman.Inv.&Fn2.06%382505.36EquityFinance
ICICI Securities1.98%640005.13EquityStock/ Commodity Brokers
Muthoot Finance1.76%214004.56EquityFinance

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
HDFC Pharma and Healthcare Fund - Direct (G)
1468.68-3.21%-8.46%-5.43%24.96%-
HDFC Pharma and Healthcare Fund - Direct (IDCW)
1468.68-3.21%-8.46%-5.43%24.96%-
WhiteOak Capital Pharma and Healthcare Fund-Dir (G)
271.36-3.90%-9.71%-5.47%24.77%-
SBI Healthcare Opportunities Fund - Direct (G)
3312.89-2.77%-8.44%-4.87%18.23%22.99%
SBI Healthcare Opportunities Fund - Direct (IDCW)
3312.89-2.77%-8.44%-4.87%18.23%22.99%

List of Schemes under ITI Mutual Fund

Fund NameCategoryRisk1Y ReturnsRatingsFund Size (Cr)
ITI Multi Cap FundEquityVery High-2.32%3₹1,022.05
ITI Large Cap FundEquityVery High-1.68%3₹432.25
ITI Large & Mid Cap FundEquityVery High0%0₹716.74
ITI Mid Cap FundEquityVery High2.92%4₹987.53
ITI Small Cap FundEquityVery High6.83%3₹2,010.56
ITI Value FundEquityVery High-2.9%3₹276.27
ITI Focused Equity FundEquityVery High6.07%0₹439.93
ITI Pharma and Healthcare FundEquityVery High13.33%4₹200.83
ITI Banking and Financial Services FundEquityVery High3.66%2₹259.84
ITI Bharat Consumption FundEquityVery High0%0₹0.00
ITI Long Term Equity FundEquityVery High1.75%4₹343.31
ITI Overnight FundDebtLow6.41%1₹17.32
ITI Liquid FundDebtModerately Low7.07%2₹48.21
ITI Ultra Short Duration FundDebtModerately Low7.33%4₹195.73
ITI Dynamic Bond FundDebtModerately Low7.93%4₹44.18
ITI Banking and PSU Debt FundDebtModerately Low7.42%5₹30.57
ITI Balanced Advantage FundHybridModerately High3.14%2₹367.13
ITI Arbitrage FundHybridLow7.77%1₹44.13
ITI Flexi Cap FundEquityVery High2.4%0₹939.08

News

  • ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme

    ITI Mutual Fund has announced 11 March 2025 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

    ITI Balanced Advantage Fund:

    Regular Plan ' IDCW: 0.10

    Direct Plan ' IDCW: 0.10

    Powered by Capital Market - Live News

  • ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme

    ITI Mutual Fund has announced 11 February 2025 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

    ITI Balanced Advantage Fund:

    Regular Plan ' IDCW: 0.10

    Direct Plan ' IDCW: 0.10

    Powered by Capital Market - Live News

  • ITI MF announces change in fund manager under its schemes

    ITI Mutual Fund has announced change in fund managers under the following schemes, with effect from February 01, 2025.

    Change in Fund Manager:

    Name of the Scheme Existing Fund Managers New Fund Manager(s)
    ITI Ultra Short Duration Fund Mr. Rajesh Bhatia Mr. Laukik Bagwe
    ITI Banking & PSU Debt Fund Mr. Rajesh Bhatia Mr. Laukik Bagwe
    ITI Dynamic Bond Fund Mr. Rajesh Bhatia Mr. Laukik Bagwe
    ITI Overnight Fund Mr. Rajesh Bhatia Mr. Laukik Bagwe
    ITI Liquid Fund Mr. Rajesh Bhatia Mr. Laukik Bagwe
    ITI Balanced Advantage Fund Mr. Rajesh Bhatia and Mr. Rohan Korde Mr. Rajesh Bhatia, Mr. Laukik Bagwe and Mr. Rohan Korde
    ITI Arbitrage Fund Mr. Rajesh Bhatia, Mr. Vikas Nathani and Mr. Rohan Korde Mr. Laukik Bagwe, Mr. Vikas Nathani and Mr. Rohan Korde

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

15 November 2021

Total AUM (Cr)

₹259.84

ITI Banking and Financial Services Fund (IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, ITI Mutual Fund. Launched in 15 November 2021, this fund is managed by Nilay Dalal. With assets under management (AUM) worth ₹259.84 (Cr), as of 12 March 2025, ITI Banking and Financial Services Fund (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 8.40% since its launch.
The current NAV of ITI Banking and Financial Services Fund (IDCW) is ₹13.08, as on 12 March 2025. The fund's benchmark index is Nifty Financial Services TRI. You can invest in ITI Banking and Financial Services Fund (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
 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. The fund has generated 12.18% and undefined% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.48% in Equity, 2.52% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 62.81% in Banks, 26.35% in Finance, 4.24% in Capital Markets, 3.71% in Insurance, 2.03% in Cash & Others

FAQs

How to Invest in ITI Banking and Financial Services Fund (IDCW) Direct Growth?

ITI Banking and Financial Services Fund (IDCW) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 8.40% since inception. Looking to invest in ITI Banking and Financial Services Fund (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in ITI Banking and Financial Services Fund (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, ITI Banking and Financial Services Fund (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in ITI Banking and Financial Services Fund (IDCW) today and reap the benefits of this Sectoral / Thematic fund!

How much returns has ITI Banking and Financial Services Fund (IDCW) Direct Growth generated?

In the short term, i.e., 1 year, ITI Banking and Financial Services Fund (IDCW) has generated annualised return of 1.72%. In the long-term, the fund has generated 12.18% and - in 3 and 5 years respectively. Since its inception, the fund has generated 8.40% returns.

What is the expense ratio of ITI Banking and Financial Services Fund (IDCW) Direct Growth?

The expense ratio of ITI Banking and Financial Services Fund (IDCW) Direct Growth is 2.25%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of ITI Banking and Financial Services Fund (IDCW) Fund Direct Growth?

The Assets Under Management (AUM) of ITI Banking and Financial Services Fund (IDCW) is ₹259.84 (Cr) as of 2025-03-12 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from ITI Banking and Financial Services Fund (IDCW) Direct Growth?

Redeeming or selling units of ITI Banking and Financial Services Fund (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from ITI Banking and Financial Services Fund (IDCW):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case ITI Banking and Financial Services Fund (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.