ITI Banking and Financial Services Fund - Direct Plan - Growth Option

Q: How much expense ratio is charged by ITI Banking and Financial Services Fund - Direct Plan - Growth Option?

The expense ratio for ITI Banking and Financial Services Fund - Direct Plan - Growth Option, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 24 Dec 2024, the expense ratio charged by ITI Banking and Financial Services Fund - Direct Plan - Growth Option is typically around 0.85 %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of ITI Banking and Financial Services Fund - Direct Plan - Growth Option?

As of 24 Dec 2024, the Assets Under Management (AUM) of ITI Banking and Financial Services Fund - Direct Plan - Growth Option is approximately ₹271.7457 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of ITI Banking and Financial Services Fund - Direct Plan - Growth Option?

The Net Asset Value (NAV) of ITI Banking and Financial Services Fund - Direct Plan - Growth Option is updated daily and reflects the per-unit value of the fund's assets. As of 24 Dec 2024 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of ITI Banking and Financial Services Fund - Direct Plan - Growth Option?

The PE ratio for ITI Banking and Financial Services Fund - Direct Plan - Growth Option is 27 and the PB ratio is 3.37. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of ITI Banking and Financial Services Fund - Direct Plan - Growth Option?

The exit load for ITI Banking and Financial Services Fund - Direct Plan - Growth Option is 0% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Equity

NAV

₹ 14.37

CAGR (3 Years)

12.80%

AUM (Cr)

₹ 271.75

Risk

Very High Risk

About ITI Banking and Financial Services Fund - Direct Plan - Growth Option

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

Breakdown of this Fund

Banks

119.80%

Debt Others

6.97%

E-Commerce/App based Aggregator

3.77%

Finance

39.60%

Financial Services

2.19%

Insurance

7.25%

IT - Software

3.93%

Stock/ Commodity Brokers

6.64%

Market Capitalization

Expense Ratio, Exit Load and Tax

Expense Ratio

0.85

Exit Load

In respect of each purchase of units: - For 10% of investment: Nil - For remaini...

Stamp Duty

0.005% (from July 1st, 2020)

Tax Implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.