ITI Banking and Financial Services Fund Direct Growth

• Alpha 0.00%
• Beta 0.00
• Sharpe Ratio0.44
• Std Deviation 15.10%
• Tracking Error 0.00%

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.

The ITI Banking and Financial Services Fund Direct Growth has an AUM of 375.94 crores & has delivered CAGR of 0.00% in the last 5 years. The fund has an exit load of 0.50% and an expense ratio of 0.40%. The minimum investment in ITI Banking and Financial Services Fund Direct Growth is Rs 5000 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include ICICI Bank, AXIS Bank Ltd, Kotak Mahindra Bank & State Bank of India.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Insurance (Life) & Investment Services.

Some of the similar funds are Baroda BNP Paribas Banking and Financial Services Fund Direct Growth, LIC MF Banking & Financial Services Fund Direct Growth, ITI Banking and Financial Services Fund Direct Growth, WhiteOak Capital Banking & Financial Services Fund Direct Growth, Helios Financial Services Fund Direct Growth. ITI Banking and Financial Services Fund Direct Growth has a sharpe ratio of 0.44 & a standard deviation of 15.10%.