Skip to main content
Download App | About Us | About
Current Complaints | Help Center| Subscribe
MoneyWorks4Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call

ITI Banking & Financial Services Fund-Reg(G)

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(%) 2.44 8.39 N/A N/A
Average Rolling Returns(%) 13.65 13.07 N/A N/A

The Current NAV of ITI Banking & Financial Services Fund - Regular Plan - Growth is ₹14.70.

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. Funds returns likely to be fairly different than its benchmark Nifty Financial Services , as Funds portfolio is somewhat different.

ITI Banking & Financial Services Fund - Regular Plan - Growth fund’s expense ratio is 2.10%

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 ₹362 Crores.

The Top three stocks are ICICI Bank, HDFC Bank and Axis Bank and account for 28% of its portfolio. Top 5 and 10 stocks of fund account for 41% and 59% 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 100% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange 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 Animesh Singh manage the ITI Banking & Financial Services Fund - Regular Plan - Growth Fund.

ITI Banking & Financial Services Fund - Regular Plan - Growth current PE ratio is 20.81 and PB ratio is 3.15

The asset allocation of ITI Banking & Financial Services Fund - Regular Plan - Growth is Stocks : 91%, Debt : 8.98% 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 0.50% on or before 3 months, NIL after 3 months