|Min SIP Amount||₹500|
|NAV||₹42.70 (15 Jan 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹653 Cr|
|Reserve Bank of India||Financial||T-Bills||11.4%|
|Food Corporation of India||FMCG||Bonds||8.2%|
|Chennai Petroleum Corpn. Ltd.||Energy||NCD||5.7%|
|Axis Bank Ltd.||Financial||CD||5.7%|
|Export-Import Bank Of India||Financial||CP||5.7%|
|Housing & Urban Development Corpn. Ltd.||Financial||Debenture||5.0%|
|National Thermal Power Corp. Ltd.||Energy||Bonds||4.3%|
|Indian Railway Finance Corpn. Ltd.||Financial||Bonds||4.1%|
|Hindustan Petroleum Corpn. Ltd.||Energy||Debenture||4.0%|
UTI Banking and Financial Services Fund Direct Plan Dividend is a Equity Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Sudhir Agrawal is the Current Fund Manager of UTI Banking and Financial Services Fund Direct Plan Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹653 Cr and the Latest NAV as of 15 Jan 2021 is ₹42.70.
The UTI Banking and Financial Services Fund Direct Plan Dividend is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed less than 1 year
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies/institutions engaged in the banking and financial services activities.
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.