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 6.44% 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 1.19% as of 02 Dec 2023...

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 ₹897.71Cr as of 02 Dec 2023.

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.

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).

UTI Banking and Financial Services Fund Direct Plan IDCW - NAV, Mutual Fund Performance & Portfolio

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UTI Banking and Financial Services Fund Direct Plan IDCW
Debt
Banking and PSU
Moderate Risk
Payout
6.57%
3Y annualised
-0.02% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 01 Dec 2023₹63.14
Min. SIP amount₹500
Rating1
Fund size₹897.71Cr
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
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns6.4%6.6%5.7%7.1%
Category average6.2%4.4%6.7%NA
Rank with in category17116NA
Understand terms
Holdings (32)NameSectorInstrumentAssets
GOI
SovereignGOI Sec21.2%
REC Ltd.
FinancialNCD6.3%
Axis Bank Ltd.
FinancialNCD5.8%
ICICI Bank Ltd.
FinancialDebenture5.5%
HDFC Bank Ltd.
FinancialBonds/Deb4.2%
Power Finance Corporation Ltd.
FinancialNCD4.2%
National Bank For Agriculture & Rural Development
FinancialDebenture3.2%
National Bank For Agriculture & Rural Development
FinancialNCD2.7%
Indian Railway Finance Corporation Ltd.
FinancialBonds2.7%
Export-Import Bank Of India
FinancialBonds2.6%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Banking and PSU
Pros
Cons
Consistently higher annualised returns than category average for the past 1Y and 3Y
5Y annualised returns lower than category average by 1.0%
Exit load is zero
Lower expense ratio: 0.24%
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
24 Nov 2023 - Present
0.24%
23 Nov 2023 - 24 Nov 2023
0.24%
22 Nov 2023 - 23 Nov 2023
0.24%
20 Nov 2023 - 22 Nov 2023
0.24%
17 Nov 2023 - 20 Nov 2023
0.24%
16 Nov 2023 - 17 Nov 2023
0.24%
15 Nov 2023 - 16 Nov 2023
0.24%
13 Nov 2023 - 15 Nov 2023
0.24%
10 Nov 2023 - 13 Nov 2023
0.24%
09 Nov 2023 - 10 Nov 2023
0.24%
07 Nov 2023 - 09 Nov 2023
0.24%
06 Nov 2023 - 07 Nov 2023
0.24%
03 Nov 2023 - 06 Nov 2023
0.24%
02 Nov 2023 - 03 Nov 2023
0.24%
01 Nov 2023 - 02 Nov 2023
0.24%
31 Oct 2023 - 01 Nov 2023
0.24%
30 Oct 2023 - 31 Oct 2023
0.24%
27 Oct 2023 - 30 Oct 2023
0.24%
26 Oct 2023 - 27 Oct 2023
0.24%
25 Oct 2023 - 26 Oct 2023
0.24%
23 Oct 2023 - 25 Oct 2023
0.24%
20 Oct 2023 - 23 Oct 2023
0.24%
19 Oct 2023 - 20 Oct 2023
0.24%
18 Oct 2023 - 19 Oct 2023
0.24%
17 Oct 2023 - 18 Oct 2023
0.24%
16 Oct 2023 - 17 Oct 2023
0.24%
13 Oct 2023 - 16 Oct 2023
0.24%
12 Oct 2023 - 13 Oct 2023
0.24%
11 Oct 2023 - 12 Oct 2023
0.24%
10 Oct 2023 - 11 Oct 2023
0.24%
09 Oct 2023 - 10 Oct 2023
0.24%
06 Oct 2023 - 09 Oct 2023
0.24%
05 Oct 2023 - 06 Oct 2023
0.24%
04 Oct 2023 - 05 Oct 2023
0.24%
03 Oct 2023 - 04 Oct 2023
0.24%
30 Sep 2023 - 03 Oct 2023
0.24%
29 Sep 2023 - 30 Sep 2023
0.24%
27 Sep 2023 - 29 Sep 2023
0.24%
26 Sep 2023 - 27 Sep 2023
0.24%
25 Sep 2023 - 26 Sep 2023
0.24%
22 Sep 2023 - 25 Sep 2023
0.24%
21 Sep 2023 - 22 Sep 2023
0.24%
20 Sep 2023 - 21 Sep 2023
0.24%
18 Sep 2023 - 20 Sep 2023
0.24%
15 Sep 2023 - 18 Sep 2023
0.24%
14 Sep 2023 - 15 Sep 2023
0.24%
13 Sep 2023 - 14 Sep 2023
0.24%
12 Sep 2023 - 13 Sep 2023
0.24%
11 Sep 2023 - 12 Sep 2023
0.24%
08 Sep 2023 - 11 Sep 2023
0.24%
07 Sep 2023 - 08 Sep 2023
0.24%
06 Sep 2023 - 07 Sep 2023
0.24%
05 Sep 2023 - 06 Sep 2023
0.24%
04 Sep 2023 - 05 Sep 2023
0.24%
01 Sep 2023 - 04 Sep 2023
0.24%
31 Aug 2023 - 01 Sep 2023
0.24%
31 Jul 2023 - 31 Aug 2023
0.23%
30 Jun 2023 - 31 Jul 2023
0.23%
31 May 2023 - 30 Jun 2023
0.25%
30 Apr 2023 - 31 May 2023
0.25%
31 Mar 2023 - 30 Apr 2023
0.25%
28 Feb 2023 - 31 Mar 2023
0.25%
31 Jan 2023 - 28 Feb 2023
0.24%
31 Dec 2022 - 31 Jan 2023
0.24%
30 Nov 2022 - 31 Dec 2022
0.24%
30 Nov 2022 - 30 Nov 2022
0.24%
30 Nov 2022 - 30 Nov 2022
0.24%
31 Oct 2022 - 30 Nov 2022
0.24%
31 Oct 2022 - 31 Oct 2022
0.24%
31 Oct 2022 - 31 Oct 2022
0.24%
30 Sep 2022 - 31 Oct 2022
0.23%
30 Sep 2022 - 30 Sep 2022
0.23%
30 Sep 2022 - 30 Sep 2022
0.23%
31 Aug 2022 - 30 Sep 2022
0.23%
31 Aug 2022 - 31 Aug 2022
0.23%
31 Jul 2022 - 31 Aug 2022
0.24%
31 Jul 2022 - 31 Jul 2022
0.24%
30 Jun 2022 - 31 Jul 2022
0.23%
30 Jun 2022 - 30 Jun 2022
0.23%
31 May 2022 - 30 Jun 2022
0.17%
31 May 2022 - 31 May 2022
0.17%
30 Apr 2022 - 31 May 2022
0.18%
30 Apr 2022 - 30 Apr 2022
0.18%
31 Mar 2022 - 30 Apr 2022
0.18%
31 Mar 2022 - 31 Mar 2022
0.18%
28 Feb 2022 - 31 Mar 2022
0.18%
28 Feb 2022 - 28 Feb 2022
0.18%
31 Jan 2022 - 28 Feb 2022
0.18%
31 Dec 2021 - 31 Jan 2022
0.16%
30 Nov 2021 - 31 Dec 2021
0.17%
31 Oct 2021 - 30 Nov 2021
0.16%
30 Sep 2021 - 31 Oct 2021
0.16%
31 Aug 2021 - 30 Sep 2021
0.17%
31 Jul 2021 - 31 Aug 2021
0.22%
30 Jun 2021 - 31 Jul 2021
0.23%
31 May 2021 - 30 Jun 2021
0.23%
30 Apr 2021 - 31 May 2021
0.24%
31 Mar 2021 - 30 Apr 2021
0.25%
28 Feb 2021 - 31 Mar 2021
0.25%
31 Jan 2021 - 28 Feb 2021
0.25%
31 Dec 2020 - 31 Jan 2021
0.26%
30 Nov 2020 - 31 Dec 2020
0.26%
31 Oct 2020 - 30 Nov 2020
0.26%
30 Sep 2020 - 31 Oct 2020
0.31%
31 Aug 2020 - 30 Sep 2020
0.31%
31 Jul 2020 - 31 Aug 2020
0.30%
30 Jun 2020 - 31 Jul 2020
0.25%
31 May 2020 - 30 Jun 2020
0.20%
30 Apr 2020 - 31 May 2020
0.25%
31 Mar 2020 - 30 Apr 2020
0.25%
29 Feb 2020 - 31 Mar 2020
0.25%
31 Jan 2020 - 29 Feb 2020
0.25%
31 Dec 2019 - 31 Jan 2020
0.25%
30 Nov 2019 - 31 Dec 2019
0.25%
31 Oct 2019 - 30 Nov 2019
0.25%
30 Sep 2019 - 31 Oct 2019
0.24%
31 Aug 2019 - 30 Sep 2019
0.24%
31 Jul 2019 - 31 Aug 2019
0.24%
30 Jun 2019 - 31 Jul 2019
0.20%
31 May 2019 - 30 Jun 2019
0.20%
30 Apr 2019 - 31 May 2019
0.20%
31 Mar 2019 - 30 Apr 2019
0.20%
28 Feb 2019 - 31 Mar 2019
0.20%
31 Jan 2019 - 28 Feb 2019
0.20%
31 Dec 2018 - 31 Jan 2019
0.20%
30 Nov 2018 - 31 Dec 2018
0.20%
31 Oct 2018 - 30 Nov 2018
0.21%
30 Sep 2018 - 31 Oct 2018
0.21%
31 Aug 2018 - 30 Sep 2018
0.21%
31 Jul 2018 - 31 Aug 2018
0.21%
30 Jun 2018 - 31 Jul 2018
0.21%
31 May 2018 - 30 Jun 2018
0.21%
30 Apr 2018 - 31 May 2018
0.19%
31 Mar 2018 - 30 Apr 2018
0.15%
28 Feb 2018 - 31 Mar 2018
0.21%
31 Jan 2018 - 28 Feb 2018
0.22%
31 Dec 2017 - 31 Jan 2018
0.22%
30 Nov 2017 - 31 Dec 2017
0.22%
31 Oct 2017 - 30 Nov 2017
0.22%
Expense ratio, exit load and taxExpense ratio: 1.19%Inclusive of GST
Exit loadExit load of 1%, if redeemed within 30 days.
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 managementAnurag 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
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Bandhan Banking & PSU Debt Fund Direct Growth
UTI Banking & PSU Fund Direct Growth
Bandhan Corporate Bond Fund Direct Growth
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IDFC Fixed Term Plan Series 149 Direct Growth
UTI Corporate Bond Fund Direct Growth
IDFC Fixed Term Plan Series 160 Direct Growth
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Bandhan Floating Rate Fund Direct Growth
Bandhan CRISIL IBX Gilt June 2027 Index Fund Direct Growth
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Fund house & investment objective
UTI Mutual Fund
Rank (total assets)#8 in India
Total AUM₹2,58,722.96Cr
Date of Incorporation14 Nov 2002
 UTI Banking and Financial Services Fund Direct Plan IDCW is a Debt Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 14 Nov 2002. Sudhir Agrawal is the Current Fund Manager of UTI Banking and Financial Services Fund Direct Plan IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹2,58,723 Cr and the Latest NAV as of 01 Dec 2023 is ₹63.14.
The UTI Banking and Financial Services Fund Direct Plan IDCW is rated Moderate risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 1%, if redeemed within 30 days.
;
Investment ObjectiveThe 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.
;
Fund benchmarkNIFTY Financial Services Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
UTI Tower, Plot C-1, GN Block,Banrda Kurla Complex, Bandra (East) Mumbai 400051
Phone
0263 2296993
Launch Date
14 Nov 2002
E-mail
NA
Website
www.utimf.com
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
UTI Banking and Financial Services Fund Direct Plan IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	6.4%	6.6%	5.7%	7.1%
Category average	6.2%	4.4%	6.7%	NA
Rank with in category	17	1	16	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	21.2%
REC Ltd.	Financial	NCD	6.3%
Axis Bank Ltd.	Financial	NCD	5.8%
ICICI Bank Ltd.	Financial	Debenture	5.5%
HDFC Bank Ltd.	Financial	Bonds/Deb	4.2%
Power Finance Corporation Ltd.	Financial	NCD	4.2%
National Bank For Agriculture & Rural Development	Financial	Debenture	3.2%
National Bank For Agriculture & Rural Development	Financial	NCD	2.7%
Indian Railway Finance Corporation Ltd.	Financial	Bonds	2.7%
Export-Import Bank Of India	Financial	Bonds	2.6%

Rank (total assets)	#8 in India
Total AUM	₹2,58,722.96Cr

Date of Incorporation	14 Nov 2002

Fund benchmark	NIFTY Financial Services Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	1
Fund size	₹897.71Cr

UTI Banking and Financial Services Fund Direct Plan IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (32)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.19%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Anurag MittalDec 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Anurag Mittal
Dec 2021 - Present
View details