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Home>Mutual Funds>UTI Mutual Fund>UTI Banking and Financial Services Fund Direct Plan IDCW

UTI Banking and Financial Services Fund Direct Plan IDCW

Debt
Banking and PSU
Moderate Risk
Payout
7.29%
3Y annualised
+0.24% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 05 Jul 2022₹44.72
Min. SIP amount₹500
Rating2
Fund size₹715.67Cr

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns9.1%7.3%5.5%7.1%
Category average4.4%8.4%7.7%NA
Rank with in category1316NA
Understand terms

Holdings (16)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialBonds/Deb8.8%
Export-Import Bank Of India
FinancialBonds8.8%
Power Finance Corporation Ltd.FinancialBonds/NCD8.6%
Axis Bank Ltd.FinancialNCD7.0%
Indian Railway Finance Corporation Ltd.FinancialDebenture6.9%
Oil & Natural Gas Corporation Ltd.EnergyDebenture5.0%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture5.0%
Housing & Urban Development Corporation Ltd.FinancialDebenture4.3%
Hindustan Petroleum Corporation Ltd.EnergyDebenture3.5%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture3.4%
See All

Pros and cons

Category: Debt Banking and PSU

Pros

Cons

1Y category rank: 1, 3Y category rank: 3
3Y and 5Y annualised returns lower than category average
1Y annualised returns higher than category average by 4.62%
Exit load is zero
Lower expense ratio: 0.17%

Expense ratio, exit load and tax

Expense ratio: 1.41%

Inclusive of GST

Exit load

Exit load of 1%, if redeemed within 30 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

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

Anurag Mittal
Dec 2021 - Present
View details

Education
Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
Experience
Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
UTI Tower, 'GN' Block,Bandra-Kurla Complex,Bandra (East), Mumbai 400051
Phone
022- 66786666 / 66786354 / 1800-22-1230
Launch Date
14 Nov 2002
Website
NA
Amc Image
UTI Mutual Fund
Asset Management Company
Custodian
Stock Holding Corp. of India Ltd.
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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FAQs

How to Invest in UTI Banking and Financial Services Fund Direct Plan IDCW?

You can easily invest in UTI Banking and Financial Services Fund Direct Plan IDCW 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 UTI Banking and Financial Services Fund Direct Plan IDCW 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 UTI Banking and Financial Services Fund Direct Plan IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does UTI Banking and Financial Services Fund Direct Plan IDCW provide?

The UTI Banking and Financial Services Fund Direct Plan IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is 9.06% since its inception.

How much expense ratio is charged by UTI Banking and Financial Services Fund Direct Plan IDCW?

The term Expense Ratio used for UTI Banking and Financial Services Fund Direct Plan IDCW 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 UTI Banking and Financial Services Fund Direct Plan IDCW is 1.41% as of 06 Jul 2022...

What is the AUM of UTI Banking and Financial Services Fund Direct Plan IDCW?

The AUM, short for Assets Under Management of UTI Banking and Financial Services Fund Direct Plan IDCW is ₹715.67Cr as of 06 Jul 2022.

How to Redeem UTI Banking and Financial Services Fund Direct Plan IDCW?

If you want to sell your UTI Banking and Financial Services Fund Direct Plan IDCW 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 UTI Banking and Financial Services Fund Direct Plan IDCW?

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

What is the NAV of UTI Banking and Financial Services Fund Direct Plan IDCW?

The NAV of UTI Banking and Financial Services Fund Direct Plan IDCW is ₹44.72 as of 05 Jul 2022.

What is the PE and PB ratio of UTI Banking and Financial Services Fund Direct Plan IDCW?

The PE ratio ratio of UTI Banking and Financial Services Fund Direct Plan IDCW 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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