UTI Banking and Financial Services Fund Direct Plan Growth is a Equity Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Sudhir Agrawal is the Current Fund Manager of UTI Banking and Financial Services Fund Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹624 Cr and the Latest NAV as of 18 Oct 2019 is ₹99.98.
The UTI Banking and Financial Services Fund Direct Plan Growth is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed less than 1 year.
Investment Objective
Investment objective is capital appreciation through investments in the stocks of the 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