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Mutual FundsITI Banking and Financial Services Fund Direct - GrowthI
ITI Banking and Financial Services Fund Direct - Growth
47.19%
3 Year Absolute Returns3Morning Star
3Value Research
I
ITI Banking and Financial Services Fund Direct - Growth
47.19%3 Y Returns
3 Y Returnsas on 08 Jul 2026
3Morning Star
3Value Research
ITI Banking and Financial Services Fund Direct - Growth is a Equity mutual fund scheme launched on 08 Dec 2021. Investors can begin their investment journey with a minimum SIP of ₹500 or a lumpsum investment of ₹5,000. The fund manages total assets worth ₹359.61 crores, and the current NAV stands at ₹17.4464 as of 08 Jul 2026. The fund has delivered absolute returns of 9.61% in the past 1 year. For the last 3 years the fund has delivered a CAGR of 13.75%. The expense ratio of the fund is 0.68%.
NAV ₹ 17.4464 (-2.58%)
NAV
NIFTY50
NAV
NIFTY50
NAV ₹ 17.4464 (-2.58%)
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basis annualised returns
Investment Type
SIP Amount
Investment Period
3Y
₹ 18.95 L
3.50%
₹ 20.40 L
8.00%
₹ 22.38 L
13.75%
Savings Account
Regular Funds
This Fund on Dhan
Total Investment
₹ 18,00,000
Returns
₹ 4,37,938 (13.75%)
Maturity Value
₹ 22,37,938
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
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Returns vs Category
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*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
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Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 359.61 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹359.61 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
Sorry, No Data Available at this Moment!
Stock Holdings
Sorry, No Data Available at this Moment!
Fund Comparison
Fund Details
52W High NAV
₹ 18.0885
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 359.61
Expense Ratio
0.68%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 15.0646
Inception Date
08 Dec 2021
Fund Age
4 Yrs
Benchmark
Nifty Financial Services TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load of 0.50%, if redeemed within 3 months.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Nilay Dalal | MBA (Finance) |
| Rajesh Bhatia | CFA, AIMR, Associate of Cost and Management Accounting, B.Com |
| Animesh Singh | NA |
Fund Objective
The investment objective of the scheme is 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. However, there can be no assurance that the investment objective of the scheme would be achieved.
Risk-O-Meter
Investors understand that their principal will be at
Very High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
ITI Mutual Fund
No. of Schemes
20
Total AUM
₹ 11,383.14 Cr
Contact Details
ITI House 36, Dr.R.K.Shirodkar Marg,Parel Mumbai - 400012.
Contact Details
022-66214999ITI House 36, Dr.R.K.Shirodkar Marg,Parel Mumbai - 400012.
Open NFOs
Sorry, No Data Available at this Moment!
FAQs
When was ITI Banking and Financial Services Fund launched?
ITI Banking and Financial Services Fund was launched on 08 Dec 2021.
What is the current NAV of ITI Banking and Financial Services Fund?
The current NAV of ITI Banking and Financial Services Fund is ₹17.4464 as of 08 Jul 2026.
What is the AUM of ITI Banking and Financial Services Fund?
The latest value of AUM of ITI Banking and Financial Services Fund is ₹359.61 crores as of 08 Jul 2026.
What is the rate of return of ITI Banking and Financial Services Fund?
The return on investment of ITI Banking and Financial Services Fund is:
- In the past 1Y: 9.61%
- In the past 3Y: 13.75%
- In the past 5Y: 0.00%
What is the expense ratio of ITI Banking and Financial Services Fund?
The expense ratio of ITI Banking and Financial Services Fund is 0.68%.
What is exit load of ITI Banking and Financial Services Fund?
The exit load of ITI Banking and Financial Services Fund is as follows:
Exit load of 0.50%, if redeemed within 3 months.
What is the portfolio of ITI Banking and Financial Services Fund?
The portfolio of ITI Banking and Financial Services Fund includes:
Top 3 sectoral holdings include:
No data to show right now!
Top 3 sectoral holdings include:
How risky is investing in ITI Banking and Financial Services Fund?
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of ITI Banking and Financial Services Fund is Very High.
Who is the fund manager ITI Banking and Financial Services Fund?
The fund manager of ITI Banking and Financial Services Fund is Nilay Dalal, Rajesh Bhatia, Animesh Singh.
What is the minimum investment required in ITI Banking and Financial Services Fund?
If you wish to invest in ITI Banking and Financial Services Fund, the minimum SIP amount is ₹500 and Lumpsum is ₹5,000.
How to invest in ITI Banking and Financial Services Fund directly?
You can easily invest in mutual funds at 0% commission on Dhan. Here's how you can directly invest in ITI Banking and Financial Services Fund:
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.
