UTI Banking and Financial Services Fund Direct Growth
About the Fund
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 ₹1056 Cr worth of assets under management (AUM) as on May 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 12.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.06%, 16.45% and 11.96% respectively.
Holdings
UTI Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government, Tech. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Bajaj Finance Ltd, 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.
INDmoney Rank
Fund Overview
| Expense ratio | 1.16% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹1056 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 19.47% |
| Risk |   Very High Risk |
Fund Distributionas on (31-May-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 15.87% | -9.1% | |
 HDFC Bank Ltd | 14.99% | 0% | |
 Axis Bank Ltd | 7.81% | 54.3% | |
 Bajaj Finance Ltd | 5.98% | 5.9% | |
 Shriram Finance Ltd | 3.88% | 0% |
Returns for the month of May
Top Growth Drivers | 1M Return |
|---|---|
 Shriram Finance Ltd | 22.6% |
 HDFC Bank Ltd | 11.6% |
 ICICI Bank Ltd | 8.9% |
Mutual Fund Insights
UTI Banking and Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1056 Cr
Expense Ratio 1.16%
Frequently Asked Questions
UTI Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.65% | 6.65% |
6 Month Returns | 11.71% | 11.71% |
1 Year Returns | 27.06% | 27.06% |
3 Years Returns | 57.93% | 16.45% |
5 Years Returns | 75.93% | 11.96% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
UTI Banking and Financial Services Fund Direct Growth | 8.94 | 3.49 | -0.82 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
UTI Banking and Financial Services Fund Direct Growth | 0.74 | 0.91 | 1.06 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
UTI Banking and Financial Services Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
UTI Banking and Financial Services Fund Direct Growth | 13.19 | 15.43 | 27.25 |