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ITI Banking and Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
9.69%
1M return
+1.34% 1D
1M
6M
All
NAV: 11 Aug 2022₹10.51
Min. SIP amount₹500
RatingNA
Fund size₹174.87Cr

Returns and rankings

Category: Equity Sectoral / Thematic
Absolute returns
1M3M6MAll
Fund returns9.1%12.2%2.1%3.7%
Category averageNANANANA
Rank with in categoryNA51NA
Understand terms

Holdings (20)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity22.0%
ICICI Bank Ltd.FinancialEquity18.4%
Housing Development Finance Corpn. Ltd.FinancialEquity14.2%
Kotak Mahindra Bank Ltd.FinancialEquity8.7%
Axis Bank Ltd.FinancialEquity6.5%
SBI Life Insurance Company Ltd.InsuranceEquity4.4%
City Union Bank Ltd.FinancialEquity2.9%
Muthoot Finance Ltd.FinancialEquity2.9%
Cholamandalam Investment & Finance Company Ltd.FinancialEquity2.4%
HDFC Life Insurance Co Ltd.InsuranceEquity2.4%
See All

Expense ratio, exit load and tax

Expense ratio: 0.32%

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₹5,000
Min. for SIP₹500

Fund management

Pratibh Agarwal
Nov 2021 - Present
View details

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
1800-266-9603 / 022-66214999
Launch Date
14 May 2018
Website
NA
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,

Compare funds

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FAQs

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

You can easily invest in ITI Banking and Financial Services Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for ITI Banking and Financial Services Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in ITI Banking and Financial Services Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does ITI Banking and Financial Services Fund Direct Growth provide?

The ITI Banking and Financial Services Fund Direct Growth has been there from 06 Dec 2021 and the average annual returns provided by this fund is NA% since its inception.

How much expense ratio is charged by ITI Banking and Financial Services Fund Direct Growth?

The term Expense Ratio used for ITI Banking and Financial Services Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of ITI Banking and Financial Services Fund Direct Growth is 0.32% as of 12 Aug 2022...

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

The AUM, short for Assets Under Management of ITI Banking and Financial Services Fund Direct Growth is ₹174.87Cr as of 12 Aug 2022.

How to Redeem ITI Banking and Financial Services Fund Direct Growth?

If you want to sell your ITI Banking and Financial Services Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of ITI Banking and Financial Services Fund Direct Growth?

You can select either SIP or Lumpsum investment of ITI Banking and Financial Services Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of ITI Banking and Financial Services Fund Direct Growth?

The NAV of ITI Banking and Financial Services Fund Direct Growth is ₹10.51 as of 11 Aug 2022.

What is the PE and PB ratio of ITI Banking and Financial Services Fund Direct Growth?

The PE ratio ratio of ITI Banking and Financial Services Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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