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UTI Banking and Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.26 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.89 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 -4.53 -2.13 -0.89 -3.99 -1.58 12.25 10.89 8.10 8.73 12.50 --
S&P BSE Bankex TRI -4.67 -1.58 -0.75 -1.99 -0.69 14.82 16.45 14.12 10.79 15.09 --
Equity: Sectoral-Banking -2.44 -1.77 -0.46 -2.00 1.09 16.81 21.53 13.09 11.41 14.86 --
Rank within category 12 13 12 13 11 12 12 10 8 7 --
Number of funds in category 13 13 13 13 13 12 12 11 8 7 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 16.32 (03-Sep-2013 - 10-Sep-2013) -9.97 (17-Aug-2015 - 24-Aug-2015)
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 12.92 18.42 0.39 0.52 0.96 -4.06
S&P BSE Bankex TRI 17.41 18.00 0.65 0.92 -- --
Equity: Sectoral-Banking 16.36 17.62 0.62 0.86 0.89 0.20
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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 80.57
Top 5 Stocks (%) 62.55
Top 3 Sectors (%) 98.92
Portfolio P/B Ratio 2.22
Portfolio P/E Ratio 22.94

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,51,475 2,10,056
Giant (%) 70.42 74.03
Large (%) 8.38 10.72
Mid (%) 13.58 12.56
Small (%) 7.62 4.61
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
down HDFC Bank Financial 25.23 25.21 17.20 18.66
equal ICICI Bank Financial 36.13 18.00 11.33 15.60
up Axis Bank Financial 42.77 10.22 0.00 10.15
equal HDFC Financial 18.18 9.18 0.00 9.18
up State Bank of India Financial 24.53 9.08 0.00 8.96
equal Kotak Mahindra Bank Financial 36.78 4.48 0.00 4.12
up RBL Bank Financial 25.02 4.20 0.00 4.04
equal Indusind Bank Financial 18.03 9.52 3.83 3.83
down ICICI Securities Financial 31.93 3.04 0.00 3.04
equal Bajaj Finance Financial 53.00 2.99 0.00 2.99
equal M&M Financial Services Financial 14.83 5.39 1.74 2.81
up ICICI Prudential Life Insurance Co. Ltd. Financial 60.84 2.99 0.00 2.72
down LIC Housing Fin. Financial 6.57 3.46 0.00 2.33
equal PNB Housing Finance Financial 5.38 3.20 0.00 1.84
equal HDFC Asset Management Company Financial 54.17 2.45 0.00 1.74
equal Satin Creditcare Network Financial 4.65 3.22 0.00 1.72
equal Karur Vysya Bank Financial 17.36 2.20 0.00 1.68
new DCB Bank Financial 14.08 5.21 0.00 1.43
equal Motilal Oswal Financial Financial 19.89 1.21 0.00 1.21
equal J&K Bank Financial -- 2.90 0.87 0.87

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-Jan-2020

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:


-2.13%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 105.8011

Dividend: ₹ 41.4054


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: 11.08%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 657 Cr (As on 31-Jan-2020)
Expense: 1.77% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 35.00%

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM