Fund Details
UTI Banking and Financial Services Fund Direct Plan Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.78% |
| NAV | ₹105.95 (22 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹653 Cr |
Returns
Comparison
1. 5Y Returns are higher than the category average returns
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
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 23.6% |
| ICICI Bank Ltd. | Financial | Equity | 15.0% |
| Axis Bank Ltd. | Financial | Equity | 9.7% |
| State Bank of India | Financial | Equity | 8.4% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.8% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.1% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 3.1% |
| RBL Bank Ltd. | Financial | Equity | 2.8% |
| Indusind Bank Ltd. | Financial | Equity | 2.6% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 2.5% |
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.
