August 14, 2024
mayank
ITI Banking and Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 13.9555
NAV IDCW: Rs 13.9555
Suitable For Which Investors?
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.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Nilay Dalal
Education: Mr. Nilay holds a degree in B.E (Computer) from D.J Sanghvi College of Engg & master’s in management studies in KJ Somaiya Institute of Management Studies & Research.
Experience: Prior to joining ITI Mutual Fund, he has with Axis Asset Management Company, SBI Life Insurance Company Ltd & MAQ Software Pvt Ltd.
2) Rohan Korde
Education: Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience: Prior to joining ITI Mutual Fund, he has worked with BOB Capital Markets as Vice President
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of ITI Banking and Financial Services Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 06-Dec-21 |
| Return Since Launch | 13.20% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 269 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.44% |
| (As on 30-Jun-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 184.00% |
Trailing Returns (%) of ITI Banking and Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Banking and Financial Services Dir | 6.17 | -1.64 | -3.52 | 4.92 | 7.05 | 15.34 | — | — | — | — |
| BSE Bankex TRI | 5.42 | -1.45 | -5.33 | 4.86 | 10.85 | 15.42 | — | — | — | — |
| Equity: Sectoral-Banking | 8.91 | -1.50 | -3.69 | 6.24 | 10.06 | 22.90 | — | — | — | — |
| Rank within category | 19 | 25 | 13 | 21 | 23 | 17 | — | — | — | — |
| Number of funds in category | 23 | 30 | 30 | 27 | 25 | 21 | 14 | 11 | 11 | 8 |
Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ITI Banking and Financial Services Dir | Unrated | 15.34 | — | — | 0.44 | 269 | 13.20 | 1.00 (365) | 2Y 8M | 184.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 23.31 | 17.73 | 17.39 | 1.09 | 6,029 | 14.58 | 1.00 (30) | 11Y 7M | 30.00 |
| SBI Banking & Financial Services Dir | 4 star | 30.08 | 15.47 | 17.41 | 0.72 | 5,980 | 15.80 | 0.50 (30) | 9Y 5M | 119.00 |
| HDFC Banking & Financial Services Dir | 4 star | 20.46 | 15.04 | — | 0.54 | 3,597 | 15.53 | 1.00 (30) | 3Y 1M | 21.44 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 20.37 | 15.66 | — | 0.57 | 1,835 | 19.15 | 1.00 (365) | 3Y 8M | 40.00 |
Portfolio Analysis of ITI Banking and Financial Services Fund
| No. of Stocks | 32 |
| Top 10 Stocks | 64.46% |
| Top 5 Stocks | 53.22% |
| Top 3 Sectors | 97.72% |
| Portfolio P/B Ratio | 2.50 |
| Portfolio P/E Ratio | 16.76 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,15,942 | 3,36,263 |
| Giant (%) | 61.39 | 65.87 |
| Large (%) | 10.24 | 16.88 |
| Mid (%) | 23.47 | 13.87 |
| Small (%) | 4.90 | 6.50 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For ITI Banking and Financial Services Fund
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