ITI Banking and Financial Services Fund Direct Growth

Equity
Sectoral
Very High Risk
20.44%
3Y annualised
+0.07% 1D
1M
6M
1Y
3Y
All
NAV: 15 Jul 2025₹16.47
Min. SIP amount₹500
Rating3
Fund size₹318.14Cr

Return calculator

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

Holdings (34)

NameSectorInstrumentAssets
FinancialEquity24.17%
FinancialEquity11.08%
FinancialEquity8.34%
FinancialEquity7.23%
FinancialEquity5.60%
FinancialEquity3.52%
FinancialEquity2.64%
InsuranceEquity2.52%
InsuranceEquity2.17%
FinancialEquity1.87%
FinancialEquity1.80%
FinancialEquity1.75%
FinancialEquity1.60%
InsuranceEquity1.57%
FinancialEquity1.48%
FinancialEquity1.45%
FinancialEquity1.27%
FinancialEquity1.20%
FinancialEquity1.04%
FinancialEquity1.04%
FinancialEquity1.04%
FinancialEquity1.03%
FinancialEquity1.02%
FinancialEquity1.01%
FinancialEquity1.00%
FinancialEquity0.99%
FinancialEquity0.97%
FinancialEquity0.97%
FinancialEquity0.96%
FinancialEquity0.94%
ServicesEquity0.92%
FinancialEquity0.86%
InsuranceEquity0.56%
OthersEquity0.41%
See All

Minimum investment amounts

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

Returns and rankings

Category: Equity Sectoral
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA13.2%20.4%14.7%
Category averageNA9.3%21.4%NA
Rank with in categoryNA1313NA
Understand terms

Expense ratio, exit load and tax

Expense ratio: 0.75%

Inclusive of GST

Exit load

Exit load of 0.50%, if redeemed within 3 months.

Stamp duty

0.005% (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%.

Understand terms
Check past data

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

Rajesh Bhatia
Jun 2024 - Present
View details

Education
Mr. Bhatia has done B.Com, ACMA and CFA
Experience
Prior to joining ITI Mutual Fund, he was associated with The Investment Trust Of India Ltd, Simto Investment Company Ltd, ProAlpha Systematic Capital, Heritage India Advisors Ltd and Reliance Capital Asset Management 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,

Pros and cons

Category: Equity Sectoral

Pros

Lower expense ratio: 0.75%
1Y annualised returns higher than category average by 3.91%
Higher alpha: 2.52 The fund has generated returns higher than benchmark - NIFTY Financial Services Total Return Index - in the last 3Y

Cons

3Y annualised returns lower than category average by 0.93%

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