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

UTI Banking and Financial Services Fund Direct Plan Growth-2.89%

-2.74%
1 Year Return
Equity
Sectoral/Thematic
2.0star
6M
1Y
3Y
5Y
All

Fund Details

UTI Banking and Financial Services Fund Direct Plan Growth

RiskHigh
Min SIP Amount₹500
Expense Ratio1.78%
NAV₹105.95 (22 Jan 2021)
Fund Started01 Jan 2013
Fund Size653 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
-2.7%
-0.8%
13.1%
10.2%
Category Average
-1.3%
1.2%
12.7%
-
Rank Within Category
11
10
9
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with -2.7% returns per annum

Comparison

Data not available
Pros
1. 5Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio - 1.85%
4. 1Y Returns are lower than the category average returns
5. 3Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialEquity23.6%
ICICI Bank Ltd.FinancialEquity15.0%
Axis Bank Ltd.FinancialEquity9.7%
State Bank of IndiaFinancialEquity8.4%
Housing Development Finance Corpn. Ltd.FinancialEquity7.8%
Kotak Mahindra Bank Ltd.FinancialEquity6.1%
ICICI Prudential Life Insurance Company Ltd.FinancialEquity3.1%
RBL Bank Ltd.FinancialEquity2.8%
Indusind Bank Ltd.FinancialEquity2.6%
Cholamandalam Investment & Finance Co. Ltd.FinancialEquity2.5%
See All

Fund Managers

UTI Banking and Financial Services Fund Direct Plan Growth Details

UTI Banking and Financial Services Fund Direct Plan Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹653 Cr and the Latest NAV as of 22 Jan 2021 is ₹105.95.

The UTI Banking and Financial Services Fund Direct Plan Growth is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed less than 1 year

Investment Objective

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.

Tax Implications

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed less than 1 year
Exit Load

Compare Funds

UTI Banking and Financial Services Fund Direct Plan Growth
VS
search

About UTI Mutual Fund

Address
UTI Towers, Gn Block, Bandra Kurla Complex, Bandra (East) Mumbai 400051
Phone
022-66786666
Launch Date
01 Feb 2003
Website
NA
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,
Similar Funds