Mutual Funds
ITI Banking and Financial Services Fund-Dir (IDCW)

ITI Banking and Financial Services Fund-Dir (IDCW)

Sectoral / Thematic

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NAV
14.41(0.21%)
Fund Size (CR)
₹271.75
Expense Ratio
0.44
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% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
1%
Return Since Launch
12.68%

Absolute Return: -4.22%

Annualized Return: 0%

Basic Details

Scheme Manager

Nilay Dalal

Bench Mark

Nifty Financial Services TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	20 December 2024	10068.40	0.68%	-	0.38%	295/808
1 Month	27 November 2024	9865.41	-1.35%	-	-0.25%	541/774
3 Month	27 September 2024	9447.22	-5.53%	-	-6.27%	278/753
6 Month	27 June 2024	9942.18	-0.58%	-	3.03%	417/701
1 Year	27 December 2023	10992.07	9.92%	9.92%	24.00%	598/628
3 Year	27 December 2021	14351.33	43.51%	12.80%	19.34%	392/480
5 Year	-	-	0%	-	22.14%	-/-
Since Inception	6 December 2021	14410.60	44.11%	12.68%	17.13%	579/812

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 January 2024	1,20,000	123144.31	2.62%	2.62%
3 Year	3 January 2022	3,60,000	444215.55	23.39%	7.26%
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)

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Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

4.06%

Standard Deviation

0.92%

Beta

0.49%

Sharpe Ratio

0.05%

Treynor's Ratio

0.94%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	20.19%	305534	54.88	Equity	Banks
ICICI Bank	14.21%	297105	38.63	Equity	Banks
Axis Bank	7.54%	180365	20.49	Equity	Banks
Kotak Mah. Bank	6.81%	104779	18.50	Equity	Banks
St Bk of India	6.80%	220387	18.49	Equity	Banks
Bajaj Finance	4.15%	17150	11.28	Equity	Finance
ICICI Securities	2.06%	64000	5.58	Equity	Stock/ Commodity Brokers
Muthoot Finance	1.99%	28200	5.41	Equity	Finance
Max Financial	1.84%	44100	5.00	Equity	Finance
Cholaman.Inv.&Fn	1.83%	40250	4.97	Equity	Finance

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
ITI Banking and Financial Services Fund-Dir (IDCW)	271.75	-1.35%	-5.53%	-0.58%	9.92%	12.80%
LIC MF Infrastructure Fund - Direct (G)	852.07	1.77%	-0.52%	4.89%	51.61%	34.85%
LIC MF Infrastructure Fund - Direct (IDCW)	852.07	1.77%	-0.53%	4.89%	51.56%	34.69%
HDFC Pharma and Healthcare Fund - Direct (G)	1459.59	3.93%	4.32%	29.91%	51.31%	-
HDFC Pharma and Healthcare Fund - Direct (IDCW)	1459.59	3.93%	4.32%	29.91%	51.31%	-
ICICI Pru P.H.D Fund - Direct (G)	5044.63	3.74%	0.74%	23.63%	47.53%	26.01%

News

ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
ITI Mutual Fund has announced 12 December 2024 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
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ITI Mutual Fund announces change in Key Personnel
ITI Mutual Fund has announced that Mr. Rohan Gandhi has been appointed as a Research Analyst - Equity on the Board of ITI Management Company Ltd. With effect from 01 December 2024
Details of Mr. Rohan Gandhi
Age: 25 years
Designation: Research Analyst - Equity
Qualification: Chartered Accountant, CFA-Level II, B.Com
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ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
ITI Mutual Fund has announced 22 November 2024 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
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Fund House Details & Investment Objective

Date of Incorporation

15 November 2021

Total AUM (Cr)

₹271.75

ITI Banking and Financial Services Fund-Dir (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 ₹271.75 (Cr), as of 27 December 2024, ITI Banking and Financial Services Fund-Dir (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 12.68% since its launch.
The current NAV of ITI Banking and Financial Services Fund-Dir (IDCW) is ₹14.41, as on 27 December 2024. The fund's benchmark index is Nifty Financial Services TRI. You can invest in ITI Banking and Financial Services Fund-Dir (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 12.80% 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 95.04% in Equity, 3.01% in Debt and 1.94% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 60.30% in Banks, 23.11% in Finance, 5.91% in Insurance, 4.50% in Capital Markets, 3.12% in Financial Technology (Fin

FAQs

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

ITI Banking and Financial Services Fund-Dir (IDCW) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 12.68% since inception. Looking to invest in ITI Banking and Financial Services Fund-Dir (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in ITI Banking and Financial Services Fund-Dir (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 across products for life.
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-Dir (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: Enter amount, select payment 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, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

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

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

In the short term, i.e., 1 year, ITI Banking and Financial Services Fund-Dir (IDCW) has generated annualised return of 9.92%. In the long-term, the fund has generated 12.80% and - in 3 and 5 years respectively. Since its inception, the fund has generated 12.68% returns.

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

The expense ratio of ITI Banking and Financial Services Fund-Dir (IDCW) Direct Growth is 0.44%. 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-Dir (IDCW) Fund Direct Growth?

The Assets Under Management (AUM) of ITI Banking and Financial Services Fund-Dir (IDCW) is ₹271.75 (Cr) as of 2024-12-27 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-Dir (IDCW) Direct Growth?

Redeeming or selling units of ITI Banking and Financial Services Fund-Dir (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-Dir (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-Dir (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).