FAQ : ITI Banking & Financial Services Fund - Regular Plan - Growth

ITI Banking & Financial Services Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 15.47 N/A N/A N/A
Average Rolling Returns(%) 16.60 N/A N/A N/A

The Current NAV of ITI Banking & Financial Services Fund - Regular Plan - Growth is ₹13.45.

It is better to invest in a fund with a longer track record as ITI Banking & Financial Services Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance. However, funds returns unlikely to be different than its benchmark Nifty Financial Services, as the Funds portfolio is similar to its benchmark.

ITI Banking & Financial Services Fund - Regular Plan - Growth fund’s expense ratio is 2.34%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of ITI Banking & Financial Services Fund - Regular Plan - Growth is currently ₹272 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 42% of its portfolio. Top 5 and 10 stocks of fund account for 56% and 67% of fund’s portfolio respectively.

Top three sectors of ITI Banking & Financial Services Fund - Regular Plan - Growth fund are BFSI, Miscellaneous and IT accounting for 101% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Sectoral Fund - Banks & Financial Service it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of ITI Banking & Financial Services Fund - Regular Plan - Growth Fund is Equity - Sectoral Fund - Banks & Financial Service.

Nilay Dalal and Rohan Korde manage the ITI Banking & Financial Services Fund - Regular Plan - Growth Fund.

ITI Banking & Financial Services Fund - Regular Plan - Growth current PE ratio is 23.25 and PB ratio is 3.41

The asset allocation of ITI Banking & Financial Services Fund - Regular Plan - Growth is Stocks : 95.05%, Debt : 4.96% and Gold : 0%

The minimum SIP amount for ITI Banking & Financial Services Fund - Regular Plan - Growth is ₹500.00 and minimum lumpsum is ₹5000.00

The exit load for ITI Banking & Financial Services Fund - Regular Plan - Growth is 1% on or before 12 months, Nil after 12 months

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