| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.85% |
| NAV | ₹83.12 (23 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹481 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 23.0% |
| ICICI Bank Ltd. | Financial | Equity | 14.4% |
| Axis Bank Ltd. | Financial | Equity | 9.4% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 9.1% |
| State Bank of India | Financial | Equity | 7.7% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.3% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 3.5% |
| RBL Bank Ltd. | Financial | Equity | 2.9% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 2.5% |
| Indusind Bank Ltd. | Financial | Equity | 2.4% |
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 ₹481 Cr and the Latest NAV as of 23 Oct 2020 is ₹83.12.
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
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.