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2 star

UTI Banking and Financial Services Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.50 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 13.21 -0.17 -0.45 6.57 0.34 16.85 70.81 4.62 10.13 9.84 10.22
S&P BSE Bankex TRI 10.84 -0.36 -0.76 6.25 -1.82 13.57 69.77 10.52 14.73 12.82 13.40
Equity: Sectoral-Banking 14.42 -0.25 -0.49 7.25 -0.39 16.69 70.03 7.79 12.46 9.14 8.79
Rank within category 7 7 8 19 9 8 7 15 14 9 6
Number of funds in category 28 28 28 28 28 27 23 17 17 11 8

As on 11-Jun-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 - Regular Plan  | Invest Online
2 star
Apr-04 70.81 4.62 10.13 2.58 726
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 69.76 14.26 17.89 2.21 2,647
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 59.01 11.41 16.90 2.46 753
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 70.59 9.40 14.43 0.18 9,087
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 70.28 9.33 14.44 0.18 7,513

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 25.97 16-Jul-2008 - 23-Jul-2008 -27.31 16-Mar-2020 - 23-Mar-2020
Month 37.23 28-Apr-2009 - 28-May-2009 -46.85 20-Feb-2020 - 23-Mar-2020
Quarter 94.91 09-Mar-2009 - 10-Jun-2009 -48.09 23-Dec-2019 - 23-Mar-2020
Year 151.89 09-Mar-2009 - 11-Mar-2010 -52.92 28-Jan-2008 - 27-Jan-2009

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.79 34.92 0.19 0.22 1.02 -5.55
S&P BSE Bankex TRI 16.05 33.62 0.35 0.42 -- --
Equity: Sectoral-Banking 13.35 34.28 0.28 0.33 0.98 -2.45
Rank within category 15 13 15 15 13 15
Number of funds in category 17 17 17 17 17 17

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

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 21
Top 10 Stocks (%) 80.87
Top 5 Stocks (%) 64.13
Top 3 Sectors (%) 97.46
Portfolio P/B Ratio 2.62
Portfolio P/E Ratio 25.19

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,37,935 2,52,500
Giant (%) 74.49 74.18
Large (%) 15.50 10.53
Mid (%) 7.25 12.16
Small (%) 2.75 5.83
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 25.76 24.05 17.20 21.92
equal ICICI Bank Financial 23.94 16.43 11.33 16.43
down State Bank of India Financial 17.11 9.95 4.14 9.94
down Axis Bank Financial 31.45 10.22 5.24 9.72
equal HDFC Financial 24.65 10.56 1.98 6.12
equal Kotak Mahindra Bank Financial 35.63 6.87 0.00 5.48
up SBI Life Insurance Company Financial 67.88 3.02 0.00 3.02
equal RBL Bank Financial 24.66 4.20 0.00 2.95
equal ICICI Prudential Life Insurance Co. Ltd. Financial -- 4.15 1.43 2.86
up ICICI Lombard General Insurance Company Financial 46.75 2.43 0.00 2.43
equal Indusind Bank Financial 26.82 6.94 2.08 2.09
down Cholamandalam Invest. & Fin. Financial 30.34 2.91 0.00 1.89
equal Karur Vysya Bank Financial 12.01 2.20 0.00 1.79
down Federal Bank Financial 10.32 1.79 0.00 1.68
equal Bajaj Finserv Financial 42.36 2.24 0.00 1.63
equal Bandhan Bank Financial 23.33 2.80 0.00 1.59
down ICICI Securities Financial 18.92 3.09 0.69 1.45
equal Bajaj Finance Financial 83.56 3.96 0.00 1.36
equal HDFC Asset Management Company Financial 49.66 2.45 0.00 1.23
equal Computer Age Management Services Financial 66.24 0.99 0.00 0.99
down Equitas Holdings Financial 6.83 2.77 0.00 0.89

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-May-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:


-0.17%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 110.5440

IDCW: ₹ 43.0231


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: 07-Apr-2004
Return Since Launch: 15.02%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 726 Cr (As on 31-May-2021)
Expense: 2.58% (As on 30-Apr-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 31.00%

Most Recent Dividends

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

 23-Jul-20152.5000
 09-May-20112.5000
 03-Feb-20112.5000
 24-Jun-20101.0000
 04-Sep-20092.2000
 23-May-20073.5000
 22-Sep-20052.5000

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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