3 Year return

15.3%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹1056.18 Cr.

Expense Ratio

1.16% (inclusive of GST)

Exit Load

1.00% - If redeemed / switched out less than one year from the date of allotment. Nil - If redeemed / switched out greater than or equal to one year from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

2
0
2

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

UTI Mutual Fund Managers

AP

Amit Premchandani

Fund Manager since Mar 2017

View Details

Fund House Details

UTI Mutual Fund

UTI Mutual Fund Asset management company

AUM ₹290,993.03 Cr.
No. of Schemes 250
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by UTI Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
18.51%
scheme logo

Hybrid . Aggressive Hybrid Fund

UTI Aggressive Hybrid Fund Direct Plan Growth

18.51%
6.3%

About UTI Banking and Financial Services Fund Direct Plan Growth

UTI Banking and Financial Services Fund Direct Plan Growth is presented by UTI Mutual Fund as an Equity Mutual Fund Scheme. This scheme operates as an open-ended equity fund, aiming to invest in companies involved in various aspects of the Banking, Non-Banking Financial Company (NBFC), Insurance, and other Financial Services sectors. The fund's strategy is centred on selecting well-managed companies that offer a blend of consistent performers and potential turnaround prospects. However, this fund has a high expense ratio compared to its category average.

Investment Objective of the Scheme

The central investment objective of UTI Banking and Financial Services Fund Direct Plan Growth is to achieve long-term capital appreciation. This objective is pursued primarily through investments in equity and equity-related securities of institutions and companies actively engaged in banking and financial services domains. By focusing on such entities, the fund seeks to benefit from the growth potential and opportunities within this sector.

Key Features of The Fund

5-year return 11.04%
Expense Ratio 1.16%
Fund Manager Amit Premchandani
Fund Size ₹1056.18 Cr
Risk Profile Very High

Is This Scheme Right for Me?

This scheme is ideal for investors seeking exposure to the banking and financial services sector, aiming to strategically allocate a portion of their equity portfolio for potential sector-specific growth and diversification. Additionally, individuals willing to embrace a slightly higher risk profile through a sectoral investment approach could find value in this offering. The investment horizon, typically spanning five years or more, makes it suitable for those with a long-term perspective, and leveraging the Systematic Investment Plan (SIP) method can help navigate market volatility effectively. However, as with any investment, careful consideration of personal financial goals and risk tolerance, coupled with potential guidance from financial advisors, is advisable before committing to the UTI Banking and Financial Services Fund Direct Plan Growth.

AMC Contact Details

Name UTI Mutual Fund
Launch Date January 2003
Addresss First Floor, Unit No. 2, Block ‘B’, JVPD Scheme, Gulmohar Cross Road No. 9, Andheri (West), Mumbai – 400049.
Contact 1800 266 1230(+91) 022 6227 8000022 – 68990800
Email service@uti.co.in
Website https://www.utimf.com/

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

Use SIPs To Safeguard Your Child’s Education

Invest in your child's education using SIPs, a dependable option. The free SIP calculator online will help you plan systematically and build up your wealth over time. This strategy guarantees that you have sufficient funds to cover your child's tuition fees, books, and other educational costs, giving them a strong start for success in the future.

FAQs

What is today's NAV of UTI Banking and Financial Services Fund?

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 UTI Banking and Financial Services Fund Jun 13 2024 is 185.3056

What is the AUM of UTI Banking and Financial Services Fund?

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 UTI Banking and Financial Services Fund is 1056.18 crore.

What is the expense ratio of UTI Banking and Financial Services Fund?

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 UTI Banking and Financial Services Fund is 1.16%

What are the returns of UTI Banking and Financial Services Fund since inception?

The UTI Banking and Financial Services Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 12.19 since inception.

What is the minimum SIP amount to invest in UTI Banking and Financial Services Fund?

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 UTI Banking and Financial Services Fund is 500.

How do I invest in UTI Banking and Financial Services Fund?

  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 UTI Banking and Financial Services Fund?

  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 UTI Banking and Financial Services Fund?

  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 UTI Banking and Financial Services Fund?

  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.