October 24, 2026
mayank
ITI Banking and Financial Services Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.32 |
| NAV IDCW (Rs.) | 15.40 |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 12 |
| Benchmark |
NIFTY Financial Services TRI
|
| AUM Rs. | 362 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.58% |
| 1 Year Return (%) | -5.92 |
| 3 Year Return (%) | 10.53 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 10.15% |
Suitable For Which Investors?
Banking funds are suitable for investors:
1. Wanting a small, supporting exposure to the financial services sector
2. Aiming for long term wealth creation
3. With a 7+ year investment horizon, who can withstand the sharper swings of a concentrated portfolio
Note:
• Most investors can skip these funds and stick to diversified equity funds instead
• If you choose to invest, do so only through SIP
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) Animesh Singh
Education: Post Graduate Diploma in Management, Bachelor of Honours -(Economics) CFA – USA Certification.
Experience: Prior to joining the ITI AMC, he was associated with Julius Baer wealth Advisor, Centrum Wealth, Nippon Life India Asset Management Ltd, Reliance Portfolio Management Services, KSBL and SSKI Securities.
2) 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.
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 | 10.15% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 362 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.58% |
| (As on 30-Sep-2026) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 174.00% |
ITI Banking and Financial Services Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Banking and Financial Services Dir | -8.62 | -1.79 | -7.68 | -7.96 | -5.69 | -5.92 | 10.53 | — | — | — |
| BSE Financial Services TRI | -11.30 | -1.33 | -6.08 | -6.26 | -5.43 | -10.64 | 8.24 | — | — | — |
| Equity: Sectoral-Banking & Financial Services | -8.10 | -1.65 | -6.56 | -5.99 | -4.83 | -6.18 | 11.25 | — | — | — |
| Rank within category | 27 | 26 | 33 | 39 | 27 | 11 | 12 | — | — | — |
| Number of funds in category | 40 | 48 | 48 | 47 | 45 | 39 | 22 | 14 | 12 | 11 |
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 out of 5 stars | -5.92 | 10.53 | — | 0.58 | 362 | 10.15 | 0.50 (90) | 4Y 10M | 174.00 |
| SBI Banking & Financial Services Dir | 4 out of 5 stars | -8.42 | 13.88 | 9.83 | 0.66 | 10,420 | 13.94 | 0.50 (30) | 11Y 7M | 101.00 |
| Nippon India Banking & Financial Srvices Dir | 4 out of 5 stars | -8.42 | 9.98 | 10.28 | 0.83 | 7,367 | 12.84 | 1.00 (30) | 13Y 9M | 31.00 |
| Invesco India Financial Services Dir | 5 out of 5 stars | -3.91 | 14.67 | 11.47 | 0.71 | 1,789 | 14.79 | 1.00 (365) | 13Y 9M | 29.00 |
| Sundaram Financial Services Opportunities Dir | 4 out of 5 stars | -4.53 | 10.59 | 11.05 | 0.68 | 1,614 | 12.91 | 0.50 (30) | 13Y 9M | 29.70 |
ITI Banking and Financial Services Fund Portfolio Analysis
| No. of Stocks | 33 |
| Top 10 Stocks | 59.20% |
| Top 5 Stocks | 40.78% |
| Top 3 Sectors | 91.00% |
| Portfolio P/B Ratio | 2.07 |
| Portfolio P/E Ratio | 17.04 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,10,525 | 2,80,762 |
| Large (%) | 65.85 | 72.26 |
| Mid (%) | 14.53 | 19.78 |
| Small (%) | 19.63 | 13.38 |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://investonline.itiamc.com/login
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