ITI Banking and Financial Services Fund-Dir (IDCW)
Sectoral / ThematicNAV
13.91(0.35%)Fund Size (CR)
₹265.94Expense Ratio
0.35Scheme Type
Active FundValue Research
Min. investment
₹5,000Minimum Additional Investment
₹1,000Minimum SIP Investment
₹500Minimum Withdrawal
₹1,000Exit Load
1%Return Since Launch
10.52%
- 3M
- 6M
- 1Y
- 3Y
- All
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 | 3 March 2025 | 10087.07 | 0.87% | - | 2.00% | 660/862 |
| 1 Month | 10 February 2025 | 9796.25 | -2.04% | - | -5.73% | 47/838 |
| 3 Month | 10 December 2024 | 9217.51 | -7.82% | - | -13.85% | 47/792 |
| 6 Month | 10 September 2024 | 9473.75 | -5.26% | - | -14.01% | 44/739 |
| 1 Year | 7 March 2024 | 10256.40 | 2.56% | 2.56% | 2.66% | 347/662 |
| 3 Year | 10 March 2022 | 15005.04 | 50.05% | 14.47% | 16.84% | 321/482 |
| 5 Year | - | - | 0% | - | 21.27% | -/- |
| Since Inception | 6 December 2021 | 13856.40 | 38.56% | 10.52% | 9.20% | 559/862 |
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 April 2024 | 1,20,000 | 117100.36 | -2.42% | -2.42% |
| 3 Year | 1 April 2022 | 3,60,000 | 416058.30 | 15.57% | 4.94% |
| 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
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
3.91%
Standard Deviation
0.91%
Beta
0.51%
Sharpe Ratio
-0.00%
Treynor's Ratio
1.65%
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 | 25.32% | 379734 | 65.79 | Equity | Banks |
| ICICI Bank | 13.86% | 299039 | 36.01 | Equity | Banks |
| Kotak Mah. Bank | 7.48% | 102079 | 19.43 | Equity | Banks |
| St Bk of India | 6.74% | 254387 | 17.52 | Equity | Banks |
| Axis Bank | 6.67% | 170744 | 17.34 | Equity | Banks |
| Bajaj Finance | 6.14% | 18700 | 15.95 | Equity | Finance |
| Bajaj Finserv | 2.68% | 37226 | 6.97 | Equity | Finance |
| Cholaman.Inv.&Fn | 2.06% | 38250 | 5.36 | Equity | Finance |
| ICICI Securities | 1.98% | 64000 | 5.13 | Equity | Stock/ Commodity Brokers |
| Muthoot Finance | 1.76% | 21400 | 4.56 | Equity | Finance |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| ITI Banking and Financial Services Fund-Dir (IDCW) | 265.94 | -2.04% | -7.82% | -5.26% | 2.56% | 14.47% | |
| HDFC Pharma and Healthcare Fund - Direct (G) | 1568.02 | -5.98% | -8.45% | -5.67% | 24.41% | - | |
| HDFC Pharma and Healthcare Fund - Direct (IDCW) | 1568.02 | -5.98% | -8.45% | -5.67% | 24.41% | - | |
| WhiteOak Capital Pharma and Healthcare Fund-Dir (G) | 285.76 | -6.99% | -9.69% | -5.49% | 23.39% | - | |
| SBI Healthcare Opportunities Fund - Direct (G) | 3521.93 | -5.71% | -8.55% | -5.39% | 17.66% | 23.63% | |
| SBI Healthcare Opportunities Fund - Direct (IDCW) | 3521.93 | -5.71% | -8.55% | -5.39% | 17.66% | 23.63% |
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-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 ₹259.84 (Cr), as of 11 March 2025, ITI Banking and Financial Services Fund-Dir (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 10.52% since its launch.
The current NAV of ITI Banking and Financial Services Fund-Dir (IDCW) is ₹13.91, as on 11 March 2025. 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 14.47% 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-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 10.52% 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?
What is the expense ratio of ITI Banking and Financial Services Fund-Dir (IDCW) Direct Growth?
What is the AUM of ITI Banking and Financial Services Fund-Dir (IDCW) Fund Direct Growth?
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).