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UTI Banking and Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.46 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.98 Lakh

Analyst's Choice?

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 multi 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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
Fund -1.08 -1.16 -1.99 -1.11 9.64 4.65 10.45 13.41 8.48 11.99 --
S&P BSE Finance TRI -1.45 -1.26 -2.11 -1.63 8.73 6.85 16.65 18.84 10.98 14.61 --
Equity: Sectoral-Banking -1.02 -1.33 -1.58 -1.28 8.73 8.88 19.26 17.43 11.00 14.03 --
Rank within category 10 3 11 5 3 11 12 10 8 7 --
Number of funds in category 13 13 13 13 13 12 12 11 8 7 0

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 21.70 (07-May-2014 - 06-Jun-2014) -17.72 (23-Jul-2013 - 22-Aug-2013)
Quarter 46.99 (17-Feb-2014 - 19-May-2014) -32.17 (29-May-2013 - 28-Aug-2013)
Year 91.78 (29-Jan-2014 - 29-Jan-2015) -25.34 (02-Mar-2015 - 01-Mar-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.23 18.68 0.56 0.73 0.98 -4.59
S&P BSE Finance TRI 20.38 17.15 1.20 -- -- --
Equity: Sectoral-Banking 19.49 17.96 0.78 1.07 0.91 -0.31
Rank within category 10 8 10 10 9 10
Number of funds in category 11 11 11 11 11 11

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 21
Top 10 Stocks (%) 80.29
Top 5 Stocks (%) 62.10
Top 3 Sectors (%) 98.38
Portfolio P/B Ratio 2.44
Portfolio P/E Ratio 25.18

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,57,032 2,19,717
Giant (%) 70.04 74.25
Large (%) 8.68 11.49
Mid (%) 14.85 11.74
Small (%) 6.42 4.33
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 25.93 25.21 17.20 19.21
down ICICI Bank Financial 66.88 18.00 11.33 15.56
equal Axis Bank Financial 45.54 10.22 0.00 9.88
down HDFC Financial 35.10 9.10 0.00 8.93
up State Bank of India Financial 27.67 9.08 0.00 8.52
down Indusind Bank Financial 20.58 9.95 3.89 4.47
up RBL Bank Financial 21.87 4.20 0.00 4.20
equal Kotak Mahindra Bank Financial 35.61 4.48 0.00 3.99
equal Bajaj Finance Financial 50.42 2.82 0.00 2.82
down ICICI Securities Financial 27.32 2.71 0.00 2.71
up M&M Financial Services Financial 17.77 5.39 1.74 2.39
equal LIC Housing Fin. Financial 9.03 3.46 0.00 2.38
down ICICI Prudential Life Insurance Co. Ltd. Financial 61.32 2.99 0.00 2.36
equal Karur Vysya Bank Financial 20.49 2.20 0.00 2.05
down PNB Housing Finance Financial 6.96 3.20 0.00 1.78
up HDFC Asset Management Company Financial 57.31 2.45 0.00 1.71
equal Satin Creditcare Network Financial 5.48 3.22 0.00 1.56
equal Motilal Oswal Financial Financial 27.78 1.14 0.00 1.12
down Shriram Transport Finance Financial 8.89 2.85 0.00 1.04
equal J&K Bank Financial 3.75 2.90 0.93 0.93
new Ujjivan Small Finance Bank Financial 43.33 0.77 0.00 0.77

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-Dec-2019

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 AMC in 2009, he has worked with Deutsche Equities India, JP Morgan and Peerless General Finance & Investment.

Funds Managed:


-1.16%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 109.6203

Dividend: ₹ 42.9000


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 1% for redemption within 364 days

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 11.80%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 675 Cr (As on 31-Dec-2019)
Expense: 1.82% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend10-Aug-20162.5000

 23-Jul-20152.5000

Contact Information

AMC: UTI Asset Management Company Ltd

Address: UTI Tower, 'GN' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022- 66786666 / 66786354 / 1800-22-1230

Fax: 022-26523031

Email: [email protected]

Website: www.utimf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM