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ITI Banking and Financial Services Fund Direct Growth
+10.01%
3Y annualised
-1.33% 1D
NAV: 09 Oct '26
₹16.69
Min. for SIP
₹500
Fund size (AUM)
₹388.17 Cr
Expense ratio
1.10%
Rating
3
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,367 | -4.22% | |
| 6 months | ₹30,000 | ₹28,858 | -3.81% | |
| 1 year | ₹60,000 | ₹57,818 | -3.64% | |
| 3 years | ₹1,80,000 | ₹1,95,492 | +8.61% |
Holdings (36)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 11.24% |
| State Bank of India | Financial | Equity | 7.88% |
| HDFC Bank Ltd | Financial | Equity | 7.62% |
| Axis Bank Ltd | Financial | Equity | 7.56% |
| Bajaj Finance Ltd | Financial | Equity | 7.46% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 5.43% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 5.17% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 3.52% |
| BSE Ltd | Financial | Equity | 2.97% |
| Net Receivables | Unspecified | Net Receivables | 2.68% |
| DCB Bank Ltd | Financial | Equity | 2.08% |
| Repo/CBLO | Unspecified | Repo/CBLO | 2.08% |
| Aditya Birla Capital Ltd | Financial | Equity | 1.98% |
| RBL Bank Ltd | Financial | Equity | 1.97% |
| IIFL Finance Ltd | Financial | Equity | 1.94% |
| AU Small Finance Bank Ltd | Financial | Equity | 1.93% |
| Manappuram Finance Ltd | Financial | Equity | 1.84% |
| Ujjivan Small Finance Bank Ltd | Financial | Equity | 1.81% |
| City Union Bank Ltd | Financial | Equity | 1.61% |
| IDFC First Bank Ltd | Financial | Equity | 1.57% |
| Bajaj Finserv Ltd | Financial | Equity | 1.56% |
| Indusind Bank Ltd | Financial | Equity | 1.56% |
| Union Bank of India | Financial | Equity | 1.55% |
| Turtlemint Fintech Solutions Ltd. | Technology | Equity | 1.48% |
| Equitas Small Finance Bank Ltd | Financial | Equity | 1.46% |
| Poonawalla Fincorp Ltd | Financial | Equity | 1.40% |
| CreditAccess Grameen Ltd | Financial | Equity | 1.37% |
| Home First Finance Company India Ltd | Financial | Equity | 1.34% |
| Yes Bank Ltd | Financial | Equity | 1.33% |
| L&T Finance Holdings Ltd | Financial | Equity | 1.27% |
| PNB Housing Finance Ltd | Financial | Equity | 1.22% |
| Fusion Micro Finance Ltd | Financial | Equity | 1.02% |
| The South Indian Bank Ltd | Financial | Equity | 0.99% |
| SBI Funds Management Ltd | Financial | Equity | 0.92% |
| Star Health & Allied Insurance Co. Ltd | Financial | Equity | 0.81% |
| Five-Star Business Finance Ltd | Financial | Equity | 0.38% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹500
Returns and rankings
Annualised returns
Absolute returns
| Name | 6M | 1Y | 3Y | All |
|---|---|---|---|---|
| Fund returns | -1.5% | +0.8% | +10.0% | +10.8% |
| Category average (Equity Sectoral) | +6.7% | +0.3% | +11.2% | +13.0% |
| Rank (Equity Sectoral) | -- | 10 | 13 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.50%, if redeemed within 3 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
NDNilay DalalMay 2023 - PresentView details
ND
Nilay Dalal
May 2023 - Present
View details
ASAnimesh SinghMay 2026 - PresentView details
AS
Animesh Singh
May 2026 - Present
View details
About ITI Banking and Financial Services Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by ITI Mutual Fund. This scheme was made available to investors on 14 May 2018. Nilay Dalal is the Current Fund Manager of ITI Banking and Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,675 Cr and the Latest NAV as of 09 Oct 2026 is ₹16.69.
The ITI Banking and Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.50%, if redeemed within 3 months.
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Investment Objective
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
Fund benchmarkNIFTY Financial Services Total Return Index
Fund house
Rank (total assets)--
Total AUM₹12,674.56 Cr
Date of Incorporation14 May 2018
Launch Date14 May 2018
AddressITI Asset Mangement Limited,ITI House, Building no. 36,Dr. R. K. Shirodkar Marg, Parel, Mumbai 400012
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,