Fund Details
UTI Banking and Financial Services Fund Direct Plan Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.67% |
| NAV | ₹118.74 (18 Jun 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹726 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Higher expense ratio - 1.67%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 21.9% |
| ICICI Bank Ltd. | Financial | Equity | 16.4% |
| State Bank of India | Financial | Equity | 9.9% |
| Axis Bank Ltd. | Financial | Equity | 9.7% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.1% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 5.5% |
| SBI Life Insurance Company Ltd. | Financial | Equity | 3.0% |
| RBL Bank Ltd. | Financial | Equity | 3.0% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 2.9% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 2.4% |
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 ₹726 Cr and the Latest NAV as of 18 Jun 2021 is ₹118.74.
The UTI Banking and Financial Services Fund Direct Plan Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1%, if redeemed within 30 days.
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.
