ITI Banking and Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
1M
6M
1Y
All
NAV: 27 May 2024₹13.68
Min. SIP amount₹500
RatingNA
Fund size₹267.94Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral / Thematic
Absolute returns
3M6M1YAll
Fund returns1.6%12.7%20.0%36.3%
Category averageNANA24.5%NA
Rank with in category251415NA
Understand terms

Holdings (31)

NameSectorInstrumentAssets
FinancialEquity19.35%
FinancialEquity14.69%
FinancialEquity8.98%
FinancialEquity6.29%
FinancialEquity4.52%
FinancialEquity3.11%
InsuranceEquity2.96%
InsuranceEquity2.26%
FinancialEquity2.01%
FinancialEquity1.99%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

Lower expense ratio: 0.44%
1Y annualised returns lower than category average by 4.48%

Expense ratio, exit load and tax

Expense ratio: 0.44%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within 12 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Nilay Dalal
May 2023 - Present
View details

Education
Mr. Nilay holds a degree in B.E (Computer) from D.J Sanghvi College of Engg & master’s in management studies in KJ Somaiya Institute of Management Studies & Research.
Experience
Prior to joining ITI Mutual Fund, he has with Axis Asset Management Company, SBI Life Insurance Company Ltd & MAQ Software Pvt Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
ITI Asset Mangement Limited,ITI House, Building no. 36,Dr. R. K. Shirodkar Marg, Parel, Mumbai 400012
Phone
022-66214999
Launch Date
14 May 2018
ITI Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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