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2 star

UTI Banking and Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.41 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.94 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 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 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
Fund 24.45 0.09 0.06 6.42 10.15 17.98 84.96 12.01 10.28 12.20 --
S&P BSE Bankex TRI 20.90 -0.06 -0.04 6.82 9.92 15.74 86.50 15.81 14.07 13.91 --
Equity: Sectoral-Banking 23.92 0.04 -0.02 5.89 9.72 17.59 79.03 16.90 13.86 14.90 --
Rank within category 7 7 6 4 6 6 3 12 10 8 --
Number of funds in category 14 15 15 15 14 14 13 12 11 8 0

As on 24-Sep-2021

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 84.96 12.01 10.28 1.35 745
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 74.42 19.36 17.59 0.87 2,889
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 71.86 20.46 16.96 0.88 810
Sundaram Financial Services Opportunities Fund - Direct Plan
4 star
Jan-13 82.31 20.84 14.59 1.18 430
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 83.96 16.79 14.41 1.20 5,097

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
Fund 11.65 34.74 0.22 0.26 1.02 -3.69
S&P BSE Bankex TRI 15.12 33.61 0.33 0.40 -- --
Equity: Sectoral-Banking 15.81 31.59 0.38 0.43 0.92 1.58
Rank within category 12 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-Aug-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 22
Top 10 Stocks (%) 80.68
Top 5 Stocks (%) 64.40
Top 3 Sectors (%) 99.07
Portfolio P/B Ratio 2.54
Portfolio P/E Ratio 24.56

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,54,243 2,72,908
Giant (%) 74.57 75.38
Large (%) 13.37 9.16
Mid (%) 7.36 13.20
Small (%) 4.69 2.97
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 27.01 24.04 17.20 22.28
down ICICI Bank Financial 25.04 17.52 13.17 16.88
down Axis Bank Financial 28.96 10.22 8.91 9.71
down State Bank of India Financial 15.73 10.02 6.29 9.15
down HDFC Financial 25.45 10.56 2.15 6.38
down Kotak Mahindra Bank Financial 40.43 6.87 0.00 5.41
down SBI Life Insurance Company Insurance 94.85 3.48 0.00 3.20
up Indusind Bank Financial 26.19 6.94 2.08 2.66
equal ICICI Lombard General Insurance Company Insurance 63.51 2.64 0.00 2.57
up RBL Bank Financial -- 4.20 1.76 2.44
down ICICI Prudential Life Insurance Co. Ltd. Insurance 200.06 4.15 1.90 2.43
equal Bajaj Finserv Financial 72.13 2.30 0.00 2.30
up Cholamandalam Investment & Finance Company Financial 33.32 2.91 0.00 2.04
up The Federal Bank Financial 10.54 1.85 0.00 1.85
equal Bajaj Finance Financial 105.49 3.96 0.00 1.77
equal ICICI Securities Financial 20.39 3.09 0.69 1.45
up Karur Vysya Bank Financial 10.73 2.20 0.00 1.42
equal Computer Age Management Services Financial 72.03 1.28 0.00 1.28
equal HDFC Asset Management Company Financial 49.97 2.45 1.20 1.24
down Bandhan Bank Financial 22.40 1.99 0.00 1.15
down Equitas Holdings Financial 9.44 2.48 0.00 0.79
equal Indian Bank Financial 3.99 0.78 0.00 0.67

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-Aug-2021

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:


0.09%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 131.8136

IDCW: ₹ 51.5895


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 (₹) --
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: 11.76%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 745 Cr (As on 31-Aug-2021)
Expense: 1.35% (As on 31-Aug-2021)
Risk Grade: High
Return Grade: Below Average
Turnover: 18.00%

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: 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: http://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

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