ITI MF

CATEGORY OF SCHEME	Sectoral/ Thematic Fund
INVESTMENT OBJECTIVE	The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the scheme would be achieved.
Inception Date (Date of Allotment):	06-Dec-21
Benchmark:	Nifty Financial Services Total Return Index
Minimum Application Amount:	Rs. 5,000/- and in multiples of Re. 1/- thereafter
Load Structure:	Entry Load: Nil Exit Load:1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units · Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
Total Expense Ratio (TER):	Including Additional Expenses and Goods and Service Tax on Management Fees Regular Plan: 2.34% Direct Plan: 0.44%
Fund Manager	Mr. Nilay Dalal (Since 05 May 2023) Total Experience : 12 years Mr. Rohan Korde (Since 29-Apr-22) Total Experience: 19 years

AUM (in Rs. Cr):	257.32
AAUM (in Rs. Cr):	257.96
% of top 5 holdings:	49.79%
% of top 10 holdings:	63.38%
No of scrips:	32

Average P/B	3.40
Average P/E	34.26
Portfolio Beta	0.82
Portfolio Turnover Ratio	1.69
(P/E ratio taken on net equity level)

	Regular Plan (in Rs.)	Direct Plan (in Rs.)
Growth:	12.6672	13.2764
IDCW:	12.6672	13.2764

Name of the Instrument	% to NAV	% to NAV Derivatives
Equity & Equity Related Total	94.85
Financial Services	94.85
ICICI Bank Limited	18.69
HDFC Bank Limited	12.30
State Bank of India	8.96
Axis Bank Limited	6.46
Kotak Mahindra Bank Limited	3.37
SBI Life Insurance Company Limited	3.14
Shriram Finance Limited	3.10
ICICI Lombard General Insurance Company Limited	2.90
India Shelter Finance Corporation Limited	2.37
Max Financial Services Limited	2.07
LIC Housing Finance Limited	2.06
Indian Bank	2.06
ICICI Securities Limited	2.03
Suryoday Small Finance Bank Limited	1.98
Canara Bank	1.96
HDFC Asset Management Company Limited	1.81
PB Fintech Limited	1.79
Punjab National Bank	1.62
Karur Vysya Bank Limited	1.61
Jio Financial Services Limited	1.51
Bajaj Finance Limited	1.44
The Federal Bank Limited	1.40
Cholamandalam Investment and Finance Company Ltd	1.30
Power Finance Corporation Limited	1.26
Union Bank of India	1.26
Multi Commodity Exchange of India Limited	1.02
L&T Finance Holdings Limited	1.01
Manappuram Finance Limited	1.00
Can Fin Homes Limited	0.96
IndusInd Bank Limited	0.96
Indiabulls Housing Finance Limited	0.92
Bank of India	0.49
Short Term Debt & Net Current Assets	5.15

Top Ten Holdings

Period	Fund Returns (%)	Benchmark Returns (%)	Additional Benchmark Returns (%)	Fund (Rs)	Benchmark (Rs)	Additional Benchmark Returns (Rs)
Regular - Growth
Last 1 Year	23.2%	14.5%	28.4%	12,323	11,457	12,849
Since Inception	11.2%	7.8%	13.8%	12,667	11,816	13,335
Direct - Growth
Last 1 Year	25.5%	14.5%	28.4%	12,563	11,457	12,849
Since Inception	13.5%	7.8%	13.8%	13,276	11,816	13,335

Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. The performance data for 3 years period has not been provided, since scheme is in existence for less than 3 years. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty Financial Services TRI Additional Benchmark: Nifty 50 TRI. Fund Managers: Mr. Nilay Dalal (Managing since 05-May-23) and Mr. Rohan Korde (Managing since 29-Apr-22). Inception date of the scheme (06-Dec-21). Face Value per unit: Rs. 10. ITI Banking and Financial Services Fund NAV as on Feb 29, 2024: Rs. 12.6672 (Regular Growth Option), Rs. 13.2764 (Direct Growth Option)

Period	Amount Invested	Fund Value ()	Fund Returns (%)	Benchmark Value ()	Benchmark Returns (%)	Additional Benchmark Value ()	Additional Benchmark Returns (%)
Regular - Growth
Last 1 Year	1,20,000	1,32,265	19.56%	1,25,149	8.08%	1,37,805	28.73%
Since Inception	2,70,000	3,21,304	15.71%	3,01,853	9.90%	3,31,709	18.75%
Direct - Growth
Last 1 Year	1,20,000	1,33,665	21.86%	1,25,149	8.08%	1,37,805	28.73%
Since Inception	2,70,000	3,29,281	18.04%	3,01,853	9.90%	3,31,709	18.75%

Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty Financial Services TRI Additional Benchmark: Nifty 50 TRI. For SIP returns, monthly investment of Rs.10,000 invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).