ITI Banking & PSU Fund Gr Direct Growth
Debt
Direct
Banking & Psu
NAV as on 04-09-2024
₹ 12.49
Inception Returns
5.9%
/yr
About the Fund
ITI Banking & PSU Fund Gr Direct Growth is a debt fund. This fund was started on 22 October, 2020. The fund is managed by Vikrant Mehta. This fund is suitable to keep your money safe.
Key Parameters
- ITI Banking & PSU Fund Gr Direct Growth has ₹31 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
ITI Banking & PSU Fund Gr Direct Growth has given a CAGR return of 5.92% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.89% and 6.12% respectively.
Holdings
ITI Banking & PSU Fund Gr Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, National Housing Bank, ICICI Bank Limited, HDFC Bank Limited, Bank Of Baroda
Taxation
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of ITI Banking & PSU Fund Gr Direct Growth
The investment objective of the Scheme is to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Banking & PSU Fund Gr Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.15% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹31 Cr |
| Inception Date | 22 October, 2020 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 646.37% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (04-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 30.6 Cr as of Jul'24
- AUM increased by 0.4 Cr between Jul'24 and Jun'24
Top 2 Sectors in July were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2034 | 24.77% | 0% | |
National Housing Bank | 9.72% | 0% | |
ICICI Bank Limited | 9.68% | 0% | |
HDFC Bank Limited | 9.64% | 0% | |
Bank Of Baroda | 9.6% | 0% |
ITI Banking & PSU Fund Gr Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.15%
Frequently Asked Questions
ITI Banking & PSU Fund Gr Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.67% | 0.67% |
6 Month Returns | 3.7% | 3.7% |
1 Year Returns | 7.89% | 7.89% |
3 Years Returns | 19.5% | 6.12% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |