3 Year return

0
Launched on November 2021 (3 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹258.81 Cr.

Expense Ratio

0.44% (inclusive of GST)

Exit Load

 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units;  Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

ITI Mutual Fund Managers

PG

Pradeep Gokhale

Fund Manager since Apr 2022

View Details

Fund House Details

ITI Mutual Fund

ITI Mutual Fund Asset management company

AUM ₹6,396.16 Cr.
No. of Schemes 62
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by ITI Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

ITI Balanced Advantage Fund Direct Plan IDCW Payout

11.33%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

ITI Balanced Advantage Fund Direct Plan Growth

11.33%
5.38%

Key Features of The Fund

5-year return NA
Expense Ratio 0.44%
Fund Manager Pradeep Gokhale
Fund Size ₹258.81 Cr
Risk Profile Very High

AMC Contact Details

Name ITI Mutual Fund
Launch Date January 2008
Addresss 36, Dr, Dr RK Shirodkar Marg, Ganesh Gully, Parel, Mumbai, Maharashtra 400012
Contact 1800-266-9603
Email mfassist@itiorg.com
Website https://www.itiamc.com/home

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment Jun 12 2024 is 13.814

What is the AUM of ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment is 258.81 crore.

What is the expense ratio of ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment is 0.44%

What are the returns of ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment since inception?

The ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment was launched on Nov 15 2021. The fund has delivered a CAGR of 13.44 since inception.

What is the minimum SIP amount to invest in ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment is 500.

How do I invest in ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ITI Banking and Financial Services Fund Direct Plan IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.