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2 star

UTI Banking and Financial Services Fund - Direct Plan download report


1 Lakh

Investment Grown to
₹ 1.36 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.72 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
UTI Banking and Financial Services Direct-G 9.83 0.71 3.41 14.64 16.30 6.17 8.25 10.70 6.34 9.69 --
S&P BSE Bankex TRI 12.58 0.44 3.03 12.94 14.47 5.94 11.38 12.68 10.91 11.64 --
Equity: Sectoral-Banking 9.05 0.77 3.50 13.78 15.82 6.42 8.09 13.23 9.69 11.85 --
Rank within category 5 7 11 3 7 9 7 12 11 9 --
Number of funds in category 16 19 19 18 18 17 15 12 11 10 0

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Banking and Financial Services Fund - Direct Plan  | Invest Online
2 star
Jan-13 8.25 10.70 6.34 1.44 770
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 7.58 15.10 13.21 0.80 3,553
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 4.06 13.54 10.65 0.65 1,057
Sundaram Financial Services Opportunities Fund - Direct Plan
4 star
Jan-13 8.98 15.93 11.58 1.18 568
Invesco India Financial Services Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.41 14.20 10.98 1.22 444

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.32 03-Sep-2013 - 10-Sep-2013 -27.30 16-Mar-2020 - 23-Mar-2020
Month 27.89 22-May-2020 - 23-Jun-2020 -46.80 20-Feb-2020 - 23-Mar-2020
Quarter 46.99 17-Feb-2014 - 19-May-2014 -47.97 23-Dec-2019 - 23-Mar-2020
Year 100.86 22-May-2020 - 24-May-2021 -46.75 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
UTI Banking and Financial Services Direct-G 14.09 33.45 0.32 0.37 0.99 -1.24
S&P BSE Bankex TRI 15.39 33.19 0.36 0.44 -- --
Equity: Sectoral-Banking 15.51 30.88 0.39 0.45 0.91 1.16
Rank within category 9 10 12 12 10 12
Number of funds in category 12 12 12 12 12 12

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Top 10 Stocks (%) 78.15
Top 5 Stocks (%) 62.63
Top 3 Sectors (%) 98.09
Portfolio P/B Ratio 2.42
Portfolio P/E Ratio 18.58

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,32,329 2,61,530
Giant (%) 73.38 72.14
Large (%) 14.77 12.25
Mid (%) 5.23 13.21
Small (%) 6.62 4.78
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 21.12 24.04 18.66 19.18
equal ICICI Bank Financial 22.17 18.71 13.20 18.71
equal State Bank of India Financial 13.34 10.09 7.04 9.60
equal Axis Bank Financial 14.69 10.16 8.66 8.66
equal HDFC Financial 19.79 10.56 5.06 6.48
down Kotak Mahindra Bank Financial 28.03 6.87 3.82 4.35
equal SBI Life Insurance Company Insurance 84.46 3.48 0.00 3.36
up Indusind Bank Financial 15.52 6.37 2.08 2.95
equal ICICI Prudential Life Insurance Co. Ltd. Insurance 75.99 4.15 2.17 2.52
equal Bajaj Finance Financial 52.84 3.96 0.00 2.34
equal Bajaj Finserv Financial 53.25 2.30 0.00 2.25
equal ICICI Lombard General Insurance Company Insurance 46.75 2.64 0.00 1.98
up SBI Cards & Payments Services Financial 48.71 1.86 0.00 1.86
equal Karur Vysya Bank Financial 6.48 2.20 1.23 1.83
equal Cholamandalam Investment & Finance Company Financial 27.19 2.91 0.00 1.82
equal DCB Bank Financial 7.52 1.84 0.00 1.74
equal City Union Bank Financial 16.17 1.67 0.00 1.67
equal Can Fin Homes Financial 15.82 1.57 0.00 1.57
down The Federal Bank Financial 10.29 1.91 0.00 1.38
equal Equitas Holdings Financial 15.19 2.05 0.00 0.92
equal Computer Age Management Services Services 40.62 1.28 0.00 0.72
equal PB Fintech Services -- 2.59 0.00 0.61
equal Aditya Birla Sun Life AMC Financial 21.00 0.73 0.00 0.55
up Prudent Corporate Advisory Services Financial 31.90 0.46 0.00 0.43
equal LIC Insurance 107.10 0.53 0.00 0.41

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Amit Kumar Premchandani since 02-Jun-2014

Education: Mr. Premchandani is a Chartered Accountant, MBA and CFA degree holder.

Experience: Prior to joining UTI, he has worked in Deutsche Equities India, JP Morgan and Peerless General Finance and Investment. In UTI he has been associated with Dept. of Securities Research and Dept. of Fund Management for more than 11 years.

Funds Managed:

— Preethi R S since 02-May-2022

Education: Ms. R S is B.E and MBA (Finance).

Experience: Prior to joining UTI Mutual Fund, she has worked with PwC India.


0.71%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 134.3941

IDCW: ₹ 52.5994


Investment Strategy

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.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 10.83%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 770 Cr (As on 31-Jul-2022)
Expense Ratio: 1.44% (As on 30-Jun-2022)
Risk Grade: High
Return Grade: Below Average
Turnover: 21.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW10-Aug-20162.5000

 23-Jul-20152.5000

Contact Information

AMC: UTI Asset Management Company Ltd

Address: 1st Floor, Signature, Office No.103 Valsad Dharampur Road Mumbai - 396001

Phone: 0263 2296993

Fax: (0260) 2421315

Website: http://www.utimf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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