8.753
10.3355
1
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 flexi-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
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Banking and Financial Services Fund Reg-G | -10.19 | 1.28 | 3.04 | -1.37 | -4.31 | -9.79 | -- | -- | -- | -- | -- |
| S&P BSE Bankex TRI | -3.75 | 1.30 | 2.48 | -2.29 | -4.27 | -1.78 | -- | -- | -- | -- | -- |
| Equity: Sectoral-Banking | -6.60 | 1.52 | 2.89 | -1.47 | -5.78 | -5.00 | -- | -- | -- | -- | -- |
| Rank within category | 28 | 32 | 11 | 13 | 1 | 31 | -- | -- | -- | -- | -- |
| Number of funds in category | 31 | 33 | 33 | 33 | 33 | 31 | 28 | 18 | 17 | 15 | 9 |
As on 24-Jun-2022
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| ITI Banking and Financial Services Fund - Regular Plan | Dec-21 | -- | -- | -- | 2.62% | 153 | |
| SBI Banking & Financial Services Fund - Regular Plan | Invest Online |  |
Feb-15 | -6.60 | 5.73 | 9.83 | 1.94% | 3,237 |
| Sundaram Financial Services Opportunities Fund - Regular Plan |  |
Jun-08 | -4.91 | 6.60 | 7.18 | 2.72% | 513 |
| Invesco India Financial Services Fund | Invest Online | |
Jul-08 | -8.47 | 4.31 | 6.54 | 2.51% | 410 |
| Nippon India ETF Bank BeES | Invest Online | May-04 | -2.88 | 2.91 | 7.36 | 0.19% | 9,431 |
| Best Performance | Worst Performance | |||
|---|---|---|---|---|
| Return (%) | Period | Return (%) | Period | |
| Week | 6.89 | 07-Mar-2022 - 14-Mar-2022 | -7.17 | 28-Feb-2022 - 07-Mar-2022 |
| Month | 13.76 | 07-Mar-2022 - 06-Apr-2022 | -13.60 | 04-Feb-2022 - 07-Mar-2022 |
| Quarter | 7.90 | 07-Mar-2022 - 06-Jun-2022 | -12.61 | 08-Dec-2021 - 09-Mar-2022 |
| Year | -- | - | -- | - |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| ITI Banking and Financial Services Fund Reg-G | -- | -- | -- | -- | -- | -- |
| S&P BSE Bankex TRI* | 10.95 | 32.61 | 0.23 | 0.28 | -- | -- |
| Equity: Sectoral-Banking* | 8.84 | 32.57 | 0.18 | 0.20 | 0.96 | -1.78 |
| Rank within category | -- | -- | -- | -- | -- | -- |
| Number of funds in category | -- | -- | -- | -- | -- | -- |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on
* As on 31-May-2022
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| Number of Stocks | 19 |
| Top 10 Stocks (%) | 86.29 |
| Top 5 Stocks (%) | 71.60 |
| Top 3 Sectors (%) | 99.17 |
| Portfolio P/B Ratio | 2.50 |
| Portfolio P/E Ratio | 19.17 |
| Fund | Category | |
|---|---|---|
| Average Mkt Cap (Rs Cr) | 2,28,780 | 2,55,966 |
| Giant (%) | 74.28 | 73.45 |
| Large (%) | 9.53 | 12.30 |
| Mid (%) | 11.75 | 11.83 |
| Small (%) | 4.45 | 4.70 |
| Tiny (%) | -- | -- |
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| Company | Sector | P/E | 3Y High | 3Y Low | % Assets | |
|---|---|---|---|---|---|---|
|
HDFC Bank | Financial | 19.76 | 21.93 | 0.00 | 21.93 |
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ICICI Bank | Financial | 19.77 | 18.79 | 13.65 | 18.79 |
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HDFC | Financial | 17.58 | 14.46 | 0.00 | 14.38 |
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Kotak Mahindra Bank | Financial | 27.88 | 10.12 | 0.00 | 9.58 |
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Axis Bank | Financial | 13.79 | 9.98 | 0.00 | 6.92 |
|
SBI Life Insurance Company | Insurance | 71.64 | 4.83 | 2.81 | 4.39 |
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City Union Bank | Financial | 12.40 | 3.04 | 0.00 | 3.04 |
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Cholamandalam Investment & Finance Company | Financial | 24.67 | 3.15 | 0.00 | 2.54 |
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HDFC Life Insurance | Insurance | -- | 2.58 | 0.00 | 2.52 |
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Max Financial Services | Financial | 111.37 | 2.21 | 0.00 | 2.20 |
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Motilal Oswal Financial Ser. | Financial | 8.29 | 2.81 | 0.00 | 2.08 |
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State Bank of India | Financial | 11.46 | 9.77 | 2.06 | 2.06 |
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Aavas Financiers | Financial | 44.46 | 2.04 | 0.00 | 1.74 |
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Karur Vysya Bank | Financial | 5.40 | 1.96 | 0.00 | 1.71 |
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DCB Bank | Financial | 8.19 | 1.70 | 0.00 | 1.68 |
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Muthoot Finance | Financial | 9.84 | 1.80 | 0.00 | 1.64 |
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UTI Asset Management Co. | Financial | 15.26 | 1.24 | 0.00 | 1.02 |
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Aditya Birla Sun Life AMC | Financial | 17.16 | 1.28 | 0.00 | 0.82 |
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Sundaram Finance | Financial | 16.49 | 0.17 | 0.00 | 0.13 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-May-2022
— Pratibh Agarwal since 15-Nov-2021
Education: Mr. Agarwal is a Masters of Technology (IIT Kanpur)
Experience: Prior to joining ITI Asset Management, he has worked with Nippon India Asset Management as Research Associate, Yoctel Solutions Ltd. as Senior Consultant, Alcatel Lucent Ltd as Engineer.
Funds Managed:
— Rohan Korde since 29-Apr-2022
Education: Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience: Prior to joining Asset Management Limited, he has worked with BOB Capital Markets as Vice President Research, Prabhudas Lilladher as Vice President Research and Anand Rathi Share & Stock Brokers as Vice President Research.
Funds Managed:
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
| Min. Investment (₹) | 5,000 |
| Min. Addl Investment (₹) | 1,000 |
| Min. SIP Investment (₹) | 500 |
| Min. No of Cheques | 12 |
| Min. Withdrawal (₹) | 1,000 |
| Min. Balance (₹) | -- |
| Lock-in Period | Not Applicable |
| Exit Load | 1% for redemption within 365 days |
| Fund House: | ITI Mutual Fund |
| Launch Date: | 06-Dec-2021 |
| Return Since Launch: | -9.81% |
| Benchmark: | NIFTY Financial Services TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | ₹ 153 Cr (As on 31-May-2022) |
| Expense: | 2.62% (As on 31-May-2022) |
| Risk Grade: | -- |
| Return Grade: | -- |
| Turnover: | -- |
AMC: ITI Asset Management Ltd.
Address: ITI Asset Mangement Limited, ITI House, Building no. 36, Dr. R. K. Shirodkar Marg, Parel, Mumbai - 400012
Phone: 022-66214999
Email: [email protected]
Website: http://www.itiamc.com
Registrar & Transfer Agent: KFin Technologies 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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Fri, 01-Jul-2022
12:30 PM - 12:45 PM