UTI Banking and Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 20-12-2024
₹ 193.74
1D
Inception Returns
12.2%
/yr
About UTI Banking and Financial Services Fund Direct Growth
UTI Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- UTI Banking and Financial Services Fund Direct Growth has ₹1170 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.2.
Returns
UTI Banking and Financial Services Fund Direct Growth has given a CAGR return of 12.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.80%, 16.66% and 12.23% respectively.
Holdings
UTI Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, Shriram Finance Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of UTI Banking and Financial Services Fund Direct Growth
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies/institutions engaged in the banking and financial services activities. 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. UTI Banking and Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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104 people have invested ₹ 49.8L in UTI Banking and Financial Services Fund Direct Growth in the last three months
INDmoney Rank for UTI Banking and Financial Services Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
UTI Banking and Financial Services Fund Direct Growth Overview
| Expense ratio | 1.21% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹1170 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 59.42% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
67.2%
Small cap
15.9%
Mid cap
12.3%
Sector Allocation
Financial Services
98.2%
Tech
1.8%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.90% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund underperformed Nifty 500 by 0.30% in Nov'24
- AUM of the fund stands at 1.2K Cr as of Nov'24
- AUM increased by 10.9 Cr between Nov'24 and Oct'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 16.11% to 18.61%
HDFC Bank Ltd's allocation increased from 15.06% to 15.44%
Karur Vysya Bank Ltd's allocation increased from 3.66% to 3.79%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 6.2 % to 6.02 %
Shriram Finance Ltd's allocation decreased from 5.33 % to 5.08 %
HDFC Life Insurance Co Ltd's allocation decreased from 4.33 % to 3.92 %
Mid Cap allocation has gone down from 15.4% to 12.3%
Large Cap allocation has gone up from 65.5% to 67.2%
Small Cap allocation has gone down from 16.9% to 15.9%
Cash allocation has gone up from 0.7% to 3.4%
Debt allocation has gone down from 0.4% to 0%
Top 3 Sectors in November were Financial Services, Government & Tech
Nov'24
Financial Services
98%
Tech
2%
Oct'24
Financial Services
98%
Government
36%
Tech
2%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 18.61% | 15.9% | |
 HDFC Bank Ltd | 15.44% | 0% | |
 Axis Bank Ltd | 6.02% | 0% | |
 State Bank of India | 5.38% | 0% | |
 Shriram Finance Ltd | 5.08% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 KFin Technologies Ltd | 31% |
 Karur Vysya Bank Ltd | 6.7% |
 HDFC Bank Ltd | 3.9% |
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Fund House
UTI Asset Management Co Ltd
Total Schemes
Total AUM
₹2.36L Cr
as on 29-Nov-2024
Address
PMS Division, UTI - Tower, “Gn” Block, Bandra Kurla Complex, Mumbai- 400051
Phone
+912266786666
Website
service@uti.co.in
Mutual Fund Insights
In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 16.84% return, outperforming this fund by 4.61% per annum.
Over the last 6 months, this fund has experienced a 10.8% growth in AUM moving from 1.05K Cr to 1.17K Cr.
Over the last 6 months, this fund has increased expense ratio by 4.3% moving from 1.16 to 1.21.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 22.05% return, outperforming this fund by 5.38% per annum.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 23.15% return, outperforming this fund by 9.35%.
UTI Banking and Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.21% since inception which is less than its category average return of 15.39%
Fund Allocations
This fund has an allocation of 96.56% in Equity, 0% in Debt and 3.44% in Cash related instruments
AUM size ₹1170 Cr
This fund has AUM of ₹1170 Cr which is less than its category average of ₹ 1757 Cr
Expense Ratio 1.21%
This fund has an expense ratio of 1.21% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for UTI Banking and Financial Services Fund Direct Growth
The current NAV of UTI Banking and Financial Services Fund Direct Growth is ₹193.74 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
UTI Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.58% | 2.58% |
6 Month Returns | 3.4% | 3.4% |
1 Year Returns | 13.8% | 13.8% |
3 Years Returns | 58.78% | 16.66% |
5 Years Returns | 78.09% | 12.23% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
1.21% as on November 2024
₹1170 Cr as on November 2024
ICICI Bank Ltd(18.61%), HDFC Bank Ltd(15.44%), Axis Bank Ltd(6.02%), State Bank of India(5.38%), Shriram Finance Ltd(5.08%) as on November 2024
The alpha ratio for the UTI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI Banking and Financial Services Fund Direct Growth | 4.17 | 4.12 | 0.46 |
As on November 2024
The alpha for UTI Banking and Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the UTI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Banking and Financial Services Fund Direct Growth | 0.79 | 0.95 | 1.06 |
As on November 2024
The Beta for UTI Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the UTI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Banking and Financial Services Fund Direct Growth | 1.15 | 0.7 | 0.38 |
As on November 2024
The sharpe ratio for UTI Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the UTI Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Banking and Financial Services Fund Direct Growth | 12.56 | 14.63 | 26.79 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.37 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.79 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of UTI Banking and Financial Services Fund Direct Growth is 1%