June 17, 2025
mayank
ITI Banking and Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 16.0790
NAV IDCW: Rs 16.0790
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 | 0.5% for redemption within 3 months |
Basic Details of ITI Banking and Financial Services Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 06-Dec-21 |
| Return Since Launch | 14.41% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 307 Cr |
| (As on 31-May-2025) | |
| Expense | 0.66% |
| (As on 31-May-2025) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 103.00% |
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 | 12.47 | 0.71 | 0.98 | 15.18 | 6.93 | 15.21 | 21.94 | — | — | — |
| BSE Bankex TRI | 9.62 | 0.74 | 0.24 | 14.44 | 3.79 | 11.63 | 19.74 | — | — | — |
| Equity: Sectoral-Banking | 11.16 | 0.76 | 2.17 | 18.00 | 5.80 | 14.70 | 24.58 | — | — | — |
| Rank within category | 8 | 30 | 33 | 35 | 9 | 13 | 13 | — | — | — |
| Number of funds in category | 33 | 37 | 37 | 36 | 33 | 29 | 17 | 12 | 11 | 10 |
Peer Comparison of ITI Banking and Financial Services Fund
| 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 | 3 star | 15.21 | 21.94 | — | 0.66 | 307 | 14.41 | 0.50 (90) | 3Y 6M | 103.00 |
| SBI Banking & Financial Services Dir | 4 star | 18.77 | 26.51 | 25.86 | 0.74 | 7,999 | 16.21 | 0.50 (30) | 10Y 3M | 121.00 |
| Nippon India Banking & Financial Srvices Dir | 5 star | 16.95 | 27.37 | 30.23 | 0.99 | 7,160 | 14.86 | 1.00 (30) | 12Y 5M | 20.00 |
| Sundaram Financial Services Opportunities Dir | 4 star | 10.62 | 28.68 | 27.24 | 0.78 | 1,548 | 14.63 | 0.50 (30) | 12Y 5M | 78.20 |
| Invesco India Financial Services Dir | 4 star | 18.04 | 30.12 | 26.48 | 0.87 | 1,372 | 16.55 | 1.00 (365) | 12Y 5M | 19.00 |
Portfolio Analysis of ITI Banking and Financial Services Fund
| No. of Stocks | 30 |
| Top 10 Stocks | 72.06% |
| Top 5 Stocks | 58.89% |
| Top 3 Sectors | 93.87% |
| Portfolio P/B Ratio | 2.50 |
| Portfolio P/E Ratio | 18.70 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,41,340 | 3,56,594 |
| Giant (%) | 75.66 | 64.95 |
| Large (%) | 4.98 | 17.95 |
| Mid (%) | 15.85 | 16.18 |
| Small (%) | 3.51 | 6.18 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For ITI Banking and Financial Services Fund
WILL Post Soon
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