How to Invest in ITI Banking & PSU Debt Fund Direct Growth?

You can easily invest in ITI Banking & PSU Debt 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 & PSU Debt 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 & PSU Debt Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does ITI Banking & PSU Debt Fund Direct Growth provide?

The ITI Banking & PSU Debt Fund Direct Growth has been there from 23 Oct 2020 and the average annual returns provided by this fund is 6.89% since its inception.

How much expense ratio is charged by ITI Banking & PSU Debt Fund Direct Growth?

The term Expense Ratio used for ITI Banking & PSU Debt 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 & PSU Debt Fund Direct Growth is 0.15% as of 23 Sep 2023...

What is the AUM of ITI Banking & PSU Debt Fund Direct Growth?

The AUM, short for Assets Under Management of ITI Banking & PSU Debt Fund Direct Growth is ₹31.31Cr as of 23 Sep 2023.

How to Redeem ITI Banking & PSU Debt Fund Direct Growth?

If you want to sell your ITI Banking & PSU Debt 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 & PSU Debt Fund Direct Growth?

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

What is the NAV of ITI Banking & PSU Debt Fund Direct Growth?

The NAV of ITI Banking & PSU Debt Fund Direct Growth is ₹11.61 as of 22 Sep 2023.

What is the PE and PB ratio of ITI Banking & PSU Debt Fund Direct Growth?

The PE ratio ratio of ITI Banking & PSU Debt 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).

ITI Banking & PSU Debt Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

ITI Banking & PSU Debt Fund Direct Growth
Debt
Banking and PSU
Low to Moderate Risk
1M
6M
1Y
All
 NAV: 22 Sep 2023₹11.61
Min. SIP amount₹500
Rating5
Fund size₹31.31Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Banking and PSU
Absolute returns
3M6M1YAll
Fund returns1.6%3.5%6.5%15.3%
Category averageNANA6.6%NA
Rank with in category82314NA
Understand terms
Holdings (8)NameSectorInstrumentAssets
GOI
SovereignCGL12.8%
Bharat Petroleum Corporation Ltd.
EnergyDebenture11.2%
Power Finance Corporation Ltd.
FinancialNCD11.1%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture11.1%
REC Ltd.
FinancialDebenture9.7%
Bank Of Baroda
FinancialCD9.4%
HDFC Bank Ltd.
FinancialDebenture9.3%
Axis Bank Ltd.
FinancialBonds/Deb8.0%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2023 - Present
0.15%
31 Jul 2023 - 31 Aug 2023
0.15%
30 Jun 2023 - 31 Jul 2023
0.15%
31 May 2023 - 30 Jun 2023
0.15%
30 Apr 2023 - 31 May 2023
0.15%
31 Mar 2023 - 30 Apr 2023
0.15%
28 Feb 2023 - 31 Mar 2023
0.15%
31 Jan 2023 - 28 Feb 2023
0.15%
31 Dec 2022 - 31 Jan 2023
0.15%
31 Dec 2022 - 31 Dec 2022
0.15%
30 Nov 2022 - 31 Dec 2022
0.15%
30 Nov 2022 - 30 Nov 2022
0.15%
30 Nov 2022 - 30 Nov 2022
0.15%
31 Oct 2022 - 30 Nov 2022
0.15%
31 Oct 2022 - 31 Oct 2022
0.15%
31 Oct 2022 - 31 Oct 2022
0.15%
31 Oct 2022 - 31 Oct 2022
0.15%
30 Sep 2022 - 31 Oct 2022
0.15%
30 Sep 2022 - 30 Sep 2022
0.15%
30 Sep 2022 - 30 Sep 2022
0.15%
31 Aug 2022 - 30 Sep 2022
0.15%
31 Aug 2022 - 31 Aug 2022
0.15%
31 Jul 2022 - 31 Aug 2022
0.15%
31 Jul 2022 - 31 Jul 2022
0.15%
30 Jun 2022 - 31 Jul 2022
0.15%
30 Jun 2022 - 30 Jun 2022
0.15%
31 May 2022 - 30 Jun 2022
0.15%
31 May 2022 - 31 May 2022
0.15%
30 Apr 2022 - 31 May 2022
0.15%
30 Apr 2022 - 30 Apr 2022
0.15%
31 Mar 2022 - 30 Apr 2022
0.15%
31 Mar 2022 - 31 Mar 2022
0.15%
28 Feb 2022 - 31 Mar 2022
0.15%
28 Feb 2022 - 28 Feb 2022
0.15%
31 Jan 2022 - 28 Feb 2022
0.27%
31 Dec 2021 - 31 Jan 2022
0.27%
30 Nov 2021 - 31 Dec 2021
0.27%
31 Oct 2021 - 30 Nov 2021
0.27%
30 Sep 2021 - 31 Oct 2021
0.27%
31 Aug 2021 - 30 Sep 2021
0.27%
31 Jul 2021 - 31 Aug 2021
0.27%
30 Jun 2021 - 31 Jul 2021
0.27%
31 May 2021 - 30 Jun 2021
0.27%
30 Apr 2021 - 31 May 2021
0.26%
31 Mar 2021 - 30 Apr 2021
0.26%
28 Feb 2021 - 31 Mar 2021
0.26%
31 Jan 2021 - 28 Feb 2021
0.26%
31 Dec 2020 - 31 Jan 2021
0.26%
30 Nov 2020 - 31 Dec 2020
0.26%
31 Oct 2020 - 30 Nov 2020
0.26%
Expense ratio, exit load and taxExpense ratio: 0.15%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementVikrant Mehta
Jan 2021 - Present
View details
Education
Mr. Mehta is CFA and M.S.
Experience
Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.
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Fund house & investment objective
ITI Mutual Fund
Rank (total assets)NA
Total AUM₹4,771.10Cr
Date of Incorporation14 May 2018
 ITI Banking & PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by ITI Mutual Fund. This scheme was made available to investors on 14 May 2018. George Heber Joseph is the Current Fund Manager of ITI Banking & PSU Debt Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,771 Cr and the Latest NAV as of 22 Sep 2023 is ₹11.61.
The ITI Banking & PSU Debt Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds.
;
Fund benchmarkCRISIL Banking and PSU Debt Index
Scheme Information Document(SID)
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
E-mail
[email protected]
Website
www.itiamc.com
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
ITI Banking & PSU Debt Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.6%	3.5%	6.5%	15.3%
Category average	NA	NA	6.6%	NA
Rank with in category	8	23	14	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	CGL	12.8%
Bharat Petroleum Corporation Ltd.	Energy	Debenture	11.2%
Power Finance Corporation Ltd.	Financial	NCD	11.1%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	11.1%
REC Ltd.	Financial	Debenture	9.7%
Bank Of Baroda	Financial	CD	9.4%
HDFC Bank Ltd.	Financial	Debenture	9.3%
Axis Bank Ltd.	Financial	Bonds/Deb	8.0%

Rank (total assets)	NA
Total AUM	₹4,771.10Cr

Date of Incorporation	14 May 2018

Fund benchmark	CRISIL Banking and PSU Debt Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	5
Fund size	₹31.31Cr

ITI Banking & PSU Debt Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (8)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.15%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Vikrant MehtaJan 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Vikrant Mehta
Jan 2021 - Present
View details