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WRITE TO USITI Banking and Financial Services Fund
ITI BANKING AND FINANCIAL SERVICES FUND EXPLAINED
SNAPSHOT
An open ended equity scheme investing in Banking and Financial Services
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.
ITI BANKING AND FINANCIAL SERVICES FUND EXPLAINED
SNAPSHOT
Risk
Very High Risk
Horizon
Long Term
AUM
₹ 259.84 Cr as of Feb 28, 2025
Benchmark
Nifty Financial Services TRI
Goal
Capital appreciation
NAV as on 03 Apr 2025
₹ 14.8823
CAGR Since inception
SNAPSHOT
Risk
Very High Risk
Horizon
Long Term
AUM
₹ 259.84 Cr as of Feb 28, 2025
Benchmark
Nifty Financial Services TRI
Goal
Capital appreciation
Nav as on 03 Apr 2025
₹ 14.8823
CAGR Since inception
FUND PERFORMANCE
Lumpsum
SIP
Compounded Annualized Growth Rate Performance
| Last 1 Year | Last 3 Year | Since Inception | |
|---|---|---|---|
| ITI Banking and Financial Services Fund | 3.75 % | 13.18 % | 10.41 % |
| Benchmark | 13.98 % | 11.82 % | 9.65 % |
| Additional Benchmark | 1.89 % | 10.92 % | 9.95 % |
Current Value of Standard Investment of ₹ 10,000
| Last 1 Year | Last 3 Year | Since Inception | |
|---|---|---|---|
| ITI Banking and Financial Services Fund | ₹10,375 | ₹14,501 | ₹13,774 |
| Benchmark | ₹11,398 | ₹13,986 | ₹13,468 |
| Additional Benchmark | ₹10,189 | ₹13,651 | ₹13,587 |
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 for 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. Fund Managers: Mr. Nilay Dalal (Managing since May 2023) and Mr. Rohan Korde (Managing since 29-Apr-22). Inception date of the scheme (06-Dec-21). Face Value per unit: Rs. 10
KEY FEATURES
Exposure
Exposure to a large and growing sector directly linked to India's growth story
Allocation
Allocation across Banks (Pvt and PSUs), NBFCs, Insurance, AMCs, Capital Market related business and Fintechs to provide diversification even in a sectoral strategy
Concentration
Concentrated portfolio with maximum 35 stocks which are having high conviction
Sub-sector Diversification
Sub-sectors such as NBFC, Insurance, Wealth Management etc, with focus on value/growth plays
ASSET ALLOCATION
| Instruments | Indicative Allocation (% of net assets) | Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | Low / Medium / High | |
| Equity & Equity related securities of companies engaged in Banking and Financial Services | 100 % | 80 % | High |
| Equity and Equity related securities of other Companies | 20 % | 0 % | High |
| Listed Preference Shares | 10 % | 0 % | Medium to High |
| Debt and Money Market Instruments | 20 % | 0 % | Low to Medium |
| Units issued by REITs and InvITs | 10 % | 0 % | Medium to High |
Top 5 Sectors
Financial Services
96.72%
Information Technology
0.76%
-
-
-
Top 5 stocks by holding
HDFC Bank Limited
25.32%
ICICI Bank Limited
13.86%
Kotak Mahindra Bank Limited
7.48%
State Bank of India
6.74%
Axis Bank Limited
6.67%
FUND MANAGERS
Mr. Nilay Dalal
Managing since May 2023
Co-Fund Manager
Mr. Rohan Korde
Managing since Apr 2022
Co-Fund Manager
FUND MANAGERS
Mr. Nilay Dalal
Managing since May 2023
Co-Fund Manager
Mr. Rohan Korde
Managing since Apr 2022
Co-Fund Manager
OTHER INFORMATION
Minimum Investment
SIP: Rs. 500/- and in multiples of Re.1/-
thereafter
Lumpsum: Rs. 5,000/- and in multiples of Rs. 1/- thereafter
Additional Purchase: Rs. 1,000 and in multiples of Rs.1 thereafter
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.
PRODUCT LABEL
This product Is suitable for Investors who are seeking*
:
• Capital appreciation over long term
• Investments in equity and equity related securities of companies engaged in banking and financial services
Scheme Name - ITI Banking and Financial Services Fund
Benchmark Name – Nifty Financial Services TRI
Fund details
ITI Banking and Financial Services FundAn open ended equity scheme investing in Banking and Financial Services
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.
ITI BANKING AND FINANCIAL SERVICES FUND EXPLAINED
SNAPSHOT
Risk
Very High Risk
Horizon
Long Term
AUM
₹ 259.84 Cr as of Feb 28, 2025
Benchmark
Nifty Financial Services TRI
Goal
Capital appreciation
NAV as on 03 Apr 2025
₹ 14.8823
CAGR Since inception
SNAPSHOT
Risk
Very High Risk
Horizon
Long Term
AUM
₹ 259.84 Cr as of Feb 28, 2025
Benchmark
Nifty Financial Services TRI
Goal
Capital appreciation
Nav as on 03 Apr 2025
₹ 14.8823
CAGR Since inception
FUND PERFORMANCE
Lumpsum
SIP
Compounded Annualized Growth Rate Performance
| Last 1 Year | Last 3 Year | Since Inception | |
|---|---|---|---|
| ITI Banking and Financial Services Fund | 3.75 % | 13.18 % | 10.41 % |
| Benchmark | 13.98 % | 11.82 % | 9.65 % |
| Additional Benchmark | 1.89 % | 10.92 % | 9.95 % |
Current Value of Standard Investment of ₹ 10,000
| Last 1 Year | Last 3 Year | Since Inception | |
|---|---|---|---|
| ITI Banking and Financial Services Fund | ₹10,375 | ₹14,501 | ₹13,774 |
| Benchmark | ₹11,398 | ₹13,986 | ₹13,468 |
| Additional Benchmark | ₹10,189 | ₹13,651 | ₹13,587 |
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 for 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. Fund Managers: Mr. Nilay Dalal (Managing since May 2023) and Mr. Rohan Korde (Managing since 29-Apr-22). Inception date of the scheme (06-Dec-21). Face Value per unit: Rs. 10
KEY FEATURES
Exposure
Exposure to a large and growing sector directly linked to India's growth story
Allocation
Allocation across Banks (Pvt and PSUs), NBFCs, Insurance, AMCs, Capital Market related business and Fintechs to provide diversification even in a sectoral strategy
Concentration
Concentrated portfolio with maximum 35 stocks which are having high conviction
Sub-sector Diversification
Sub-sectors such as NBFC, Insurance, Wealth Management etc, with focus on value/growth plays
ASSET ALLOCATION
| Instruments | Indicative Allocation (% of net assets) | Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | Low / Medium / High | |
| Equity & Equity related securities of companies engaged in Banking and Financial Services | 100 % | 80 % | High |
| Equity and Equity related securities of other Companies | 20 % | 0 % | High |
| Listed Preference Shares | 10 % | 0 % | Medium to High |
| Debt and Money Market Instruments | 20 % | 0 % | Low to Medium |
| Units issued by REITs and InvITs | 10 % | 0 % | Medium to High |
Top 5 Sectors
Financial Services
96.72%
Information Technology
0.76%
-
-
-
Top 5 stocks by holding
HDFC Bank Limited
25.32%
ICICI Bank Limited
13.86%
Kotak Mahindra Bank Limited
7.48%
State Bank of India
6.74%
Axis Bank Limited
6.67%
FUND MANAGERS
Mr. Nilay Dalal
Managing since May 2023
Co-Fund Manager
Mr. Rohan Korde
Managing since Apr 2022
Co-Fund Manager
FUND MANAGERS
Mr. Nilay Dalal
Managing since May 2023
Co-Fund Manager
Mr. Rohan Korde
Managing since Apr 2022
Co-Fund Manager
OTHER INFORMATION
Minimum Investment
SIP: Rs. 500/- and in multiples of Re.1/-
thereafter
Lumpsum: Rs. 5,000/- and in multiples of Rs. 1/- thereafter
Additional Purchase: Rs. 1,000 and in multiples of Rs.1 thereafter
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.
PRODUCT LABEL
This product Is suitable for Investors who are seeking*
:
• Capital appreciation over long term
• Investments in equity and equity related securities of companies engaged in banking and financial services
Scheme Name - ITI Banking and Financial Services Fund
Benchmark Name – Nifty Financial Services TRI
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.