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UTI Banking and Financial Services Fund - Regular Plan


1 Lakh

Investment declined to
₹ 0.72 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.10 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -42.73 8.58 -0.34 -33.47 -41.52 -34.25 -41.95 -10.57 -2.38 4.87 4.90
S&P BSE Bankex TRI -40.36 10.70 -0.82 -31.63 -38.84 -30.31 -34.76 -3.18 1.28 8.93 8.24
Equity: Sectoral-Banking -40.48 8.28 -0.79 -31.33 -39.17 -31.71 -36.04 -8.07 -1.86 3.98 3.36
Rank within category 17 10 9 17 17 16 14 12 12 8 6
Number of funds in category 22 22 22 22 22 21 17 16 15 10 8

As on 07-Apr-2020

Best & Worst Performance

Best (Period) Worst (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 -6.35 28.38 -0.42 -0.38 1.02 -7.50
S&P BSE Bankex TRI 1.22 27.22 -0.16 -0.15 -- --
Equity: Sectoral-Banking -3.66 28.19 -0.30 -0.34 0.98 -4.96
Rank within category 14 12 14 14 13 14
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-Mar-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 82.38
Top 5 Stocks (%) 64.19
Top 3 Sectors (%) 98.45
Portfolio P/B Ratio 2.09
Portfolio P/E Ratio 21.61

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,53,051 2,01,654
Giant (%) 72.73 74.78
Large (%) 7.74 10.53
Mid (%) 12.35 12.06
Small (%) 7.18 4.52
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
up HDFC Bank Financial 18.70 25.21 17.20 20.36
down ICICI Bank Financial 22.25 18.00 11.33 15.58
down Axis Bank Financial 22.92 10.22 0.00 9.97
down State Bank of India Financial 14.16 9.34 0.00 9.34
down HDFC Financial 12.35 9.18 0.00 8.94
down Kotak Mahindra Bank Financial 26.23 4.48 0.00 4.16
down RBL Bank Financial 9.64 4.20 0.00 4.13
down Indusind Bank Financial 5.92 9.52 3.59 3.59
down Bajaj Finance Financial 24.69 3.25 0.00 3.25
down ICICI Securities Financial 17.44 3.06 0.00 3.06
down M&M Financial Services Financial 5.75 5.39 1.74 2.50
down ICICI Prudential Life Insurance Co. Ltd. Financial 44.63 2.99 0.00 2.42
up DCB Bank Financial 7.00 5.21 0.00 1.84
equal Karur Vysya Bank Financial 8.81 2.20 0.00 1.65
down HDFC Asset Management Company Financial 37.02 2.45 0.00 1.61
equal Satin Creditcare Network Financial 1.84 3.22 0.00 1.51
down LIC Housing Fin. Financial 4.07 3.46 0.00 1.51
down PNB Housing Finance Financial 2.23 3.20 0.00 1.39
down Motilal Oswal Financial Financial 12.27 1.21 0.00 0.96
down J&K Bank Financial -- 2.90 0.68 0.68

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 29-Feb-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:


8.58%

Change from previous, NAV as on 07-Apr-2020

Growth: ₹ 59.0708

Dividend: ₹ 22.9903


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-Aug-2005
Return Since Launch: 11.75%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 584 Cr (As on 29-Feb-2020)
Expense: 2.49% (As on 29-Feb-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
 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: 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

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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