ITI Banking and Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹16.04+0.49%1 day
- Return since launch
- 9.3%
- 52-week range
- ₹13.82 — ₹16.64
- AUM
- ₹362 Cr
ITI Banking and Financial Services Fund is a Sectoral-Banking equity fund from ITI Mutual Fund with ₹362 Cr under management, launched in 2021. Over three years it has returned 8.1% a year, against 12.3% for its category. The expense ratio is 2.80% and the SEBI riskometer reading is Very High.
Performance
ITI Banking and Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.9% against +2.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.9% | +0.6 pts | 2.2% | 6.9% |
| 2Y | 6.9% | −0.2 pts | 7.1% | 7.4% |
| 3Y | 8.1% | −4.2 pts | 12.3% | 8.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.7% | −1.4 pts | 7.1% | 7.0% |
| 3M | -1.3% | −2.4 pts | 1.1% | 2.1% |
| 6M | 4.2% | −2.0 pts | 6.1% | 6.7% |
| 1Y | 0.9% | −1.3 pts | 2.2% | 2.0% |
| 2Y | 8.5% | +1.2 pts | 7.3% | 6.9% |
| 3Y | 11.4% | −0.9 pts | 12.3% | 11.3% |
Since launch (15 Nov 2021): 9.3%
Calendar-year returns
Category average9.3%
14.6%
6.7%
20.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 20.5% | +1.9 pts | 18.6% |
| 2024 | 6.7% | −5.3 pts | 12.0% |
| 2023 | 14.6% | −6.9 pts | 21.4% |
| 2022 | 9.3% | −7.2 pts | 16.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.77%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.13%
- Transaction charges
- 0.01%
- Statutory levies
- 0.53%
- Exit load
- Exit load of 0.50%, if redeemed within 3 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.31 | 4.32 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.99 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.27 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.34 | 0.64 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.30 | 17.05 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
ITI Banking and Financial Services Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity91.0%
- Other9.0%
Market cap split
- Large65.8%
- Mid14.5%
- Small19.6%
- P/E
- 17.04
- P/B
- 2.07
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 10.97% | ₹39.67 Cr | +10.83% | +13.86% | +10.56% |
| HDFC Bank Ltd. | Financial | 9.19% | ₹33.23 Cr | +8.73% | +9.50% | +22.49% |
| Others | Others | 9.00% | ₹32.47 Cr | +0.60% | +2.32% | +3.34% |
| Axis Bank Ltd. | Financial | 7.66% | ₹27.69 Cr | +7.97% | +9.50% | +8.22% |
| State Bank of India | Financial | 6.66% | ₹24.07 Cr | +8.79% | +9.33% | +8.73% |
| Bajaj Finance Ltd. | Financial | 6.30% | ₹22.79 Cr | +5.29% | +5.01% | +6.61% |
| Kotak Mahindra Bank Ltd. | Financial | 5.80% | ₹20.97 Cr | +5.18% | +8.60% | +5.49% |
| Shriram Finance Ltd | Financial | 4.91% | ₹17.77 Cr | +4.69% | +4.67% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.30% | ₹11.93 Cr | +3.07% | +2.29% | — |
| RBL Bank Ltd. | Financial | 2.24% | ₹8.11 Cr | +2.04% | +1.59% | +1.52% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.17% | ₹7.86 Cr | +1.83% | +2.01% | +1.00% |
| DCB Bank Ltd. | Financial | 2.08% | ₹7.52 Cr | +1.96% | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 2.06% | ₹7.43 Cr | — | — | +2.28% |
| Aditya Birla Capital Ltd. | Financial | 1.97% | ₹7.14 Cr | +2.10% | +1.45% | +1.53% |
| IIFL Finance Ltd. | Financial | 1.93% | ₹7.00 Cr | +1.88% | +1.02% | +1.50% |
| AU Small Finance Bank Ltd. | Financial | 1.92% | ₹6.96 Cr | +1.93% | +1.52% | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.89% | ₹6.85 Cr | +1.57% | +1.32% | +1.01% |
| City Union Bank Ltd. | Financial | 1.71% | ₹6.18 Cr | +1.50% | — | +1.50% |
| IDFC First Bank Ltd. | Financial | 1.60% | ₹5.79 Cr | — | +0.89% | +0.99% |
| Manappuram Finance Ltd. | Financial | 1.54% | ₹5.58 Cr | +2.05% | — | — |
| Union Bank of India | Financial | 1.51% | ₹5.47 Cr | — | — | — |
| Indusind Bank Ltd. | Financial | 1.49% | ₹5.37 Cr | +1.45% | +1.40% | — |
| Poonawalla Fincorp Ltd. | Financial | 1.44% | ₹5.21 Cr | — | — | — |
| Nuvama Wealth Management Ltd. | Financial | 1.43% | ₹5.17 Cr | +1.16% | — | — |
| Yes Bank Ltd. | Financial | 1.31% | ₹4.75 Cr | +1.44% | — | — |
| Manipal Payment and Identity Solutions Ltd. | Services | 1.30% | ₹4.71 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 1.27% | ₹4.61 Cr | +1.41% | +1.09% | +1.95% |
| The South Indian Bank Ltd. | Financial | 1.13% | ₹4.07 Cr | +1.01% | — | +0.97% |
| BSE Ltd. | Services | 1.01% | ₹3.65 Cr | +4.01% | +1.75% | — |
| PB Fintech Ltd. | Services | 0.88% | ₹3.20 Cr | — | — | — |
| Turtlemint Fintech Solutions Ltd. | Financial | 0.84% | ₹3.04 Cr | +1.77% | — | — |
| National Stock Exchange | Financial | 0.55% | ₹1.97 Cr | — | — | — |
| Bandhan Bank Ltd. | Financial | 0.50% | ₹1.79 Cr | +1.47% | +1.32% | — |
| SBI Funds Management Ltd. | Financial | 0.44% | ₹1.60 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 2.08% | 6.86% | +4.78% |
| Multi Commodity Exchange Of India Ltd. | 0.00% | 2.17% | +2.17% |
| HDFC Life Insurance Co Ltd. | 0.00% | 2.06% | +2.06% |
| BSE Ltd. | 2.97% | 1.01% | -1.96% |
| HDFC Bank Ltd. | 7.62% | 9.19% | +1.57% |
| Bajaj Finserv Ltd. | 1.56% | 0.00% | -1.56% |
| Equitas Small Finance Bank Ltd. | 1.46% | 0.00% | -1.46% |
| Nuvama Wealth Management Ltd. | 0.00% | 1.43% | +1.43% |
| CreditAccess Grameen Ltd. | 1.37% | 0.00% | -1.37% |
| Home First Finance Company India Ltd. | 1.34% | 0.00% | -1.34% |
| Manipal Payment and Identity Solutions Ltd. | 0.00% | 1.30% | +1.30% |
| L&T Finance Ltd. | 1.27% | 0.00% | -1.27% |
| State Bank of India | 7.88% | 6.66% | -1.22% |
| Bajaj Finance Ltd. | 7.46% | 6.30% | -1.16% |
| Fusion Finance Ltd. | 1.02% | 0.00% | -1.02% |
| PB Fintech Ltd. | 0.00% | 0.88% | +0.88% |
| Star Health and Allied Insurance Company Ltd. | 0.81% | 0.00% | -0.81% |
| Turtlemint Fintech Solutions Ltd. | 1.48% | 0.84% | -0.64% |
| National Stock Exchange | 0.00% | 0.55% | +0.55% |
| Bandhan Bank Ltd. | 0.00% | 0.50% | +0.50% |
| SBI Funds Management Ltd. | 0.92% | 0.44% | -0.48% |
| Five-Star Business Finance Ltd. | 0.38% | 0.00% | -0.38% |
| Kotak Mahindra Bank Ltd. | 5.43% | 5.80% | +0.37% |
| Manappuram Finance Ltd. | 1.84% | 1.54% | -0.30% |
| RBL Bank Ltd. | 1.97% | 2.24% | +0.27% |
| ICICI Bank Ltd. | 11.24% | 10.97% | -0.27% |
| Shriram Finance Ltd | 5.17% | 4.91% | -0.26% |
| Cholamandalam Investment and Finance Company Ltd. | 3.52% | 3.30% | -0.22% |
| The South Indian Bank Ltd. | 0.99% | 1.13% | +0.14% |
| Axis Bank Ltd. | 7.56% | 7.66% | +0.10% |
| City Union Bank Ltd. | 1.61% | 1.71% | +0.10% |
| Ujjivan Small Finance Bank Ltd. | 1.81% | 1.89% | +0.08% |
| Indusind Bank Ltd. | 1.56% | 1.49% | -0.07% |
| PNB Housing Finance Ltd. | 1.22% | 1.27% | +0.05% |
| Poonawalla Fincorp Ltd. | 1.40% | 1.44% | +0.04% |
| Union Bank of India | 1.55% | 1.51% | -0.04% |
| IDFC First Bank Ltd. | 1.57% | 1.60% | +0.03% |
| Yes Bank Ltd. | 1.33% | 1.31% | -0.02% |
| AU Small Finance Bank Ltd. | 1.93% | 1.92% | -0.01% |
| Aditya Birla Capital Ltd. | 1.98% | 1.97% | -0.01% |
| IIFL Finance Ltd. | 1.94% | 1.93% | -0.01% |
| DCB Bank Ltd. | 2.08% | 2.08% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,928 Cr | 2.17% | 5.8% | 10.5% | 13.5% |
 SBI Banking & Financial Services Fund | ₹10,505 Cr | 2.16% | 5.4% | 10.2% | 13.6% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.0% | 10.6% | 14.8% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 8.7% | 9.5% | 12.2% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 7.0% | 12.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 1.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
Fund managers
- Animesh SinghPost Graduate Diploma in Management, Bachelor of Honours -(Economics) CFA - USA Certification.Prior to joining the ITI AMC, he was associated with Julius Baer wealth Advisor, Centrum Wealth, Nippon Life India Asset Management Ltd, Reliance Portfolio Management Services, KSBL and SSKI Securities.
- Nilay DalalMr. Nilay holds a degree in B.E (Computer) from D.J Sanghvi College of Engg & masterâs in management studies in KJ Somaiya Institute of Management Studies & Research.Prior to joining ITI Mutual Fund, he has with Axis Asset Management Company, SBI Life Insurance Company Ltd & MAQ Software Pvt Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months4.16% absolute | ₹60,000 | ₹62,496 | 4.16% | |
| 1 year0.95% annualised | ₹1,20,000 | ₹1,20,619 | 0.52% | |
| 3 years11.42% annualised | ₹3,60,000 | ₹4,31,025 | 19.73% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of ITI Banking and Financial Services Fund?
The NAV of ITI Banking and Financial Services Fund is ₹16.04 as on 9 Nov 2026.
What is the expense ratio of ITI Banking and Financial Services Fund?
The expense ratio of ITI Banking and Financial Services Fund is 2.80% per year.
What is the minimum SIP amount for ITI Banking and Financial Services Fund?
You can start a SIP in ITI Banking and Financial Services Fund with ₹3,000 a month.
Is there a lock-in or exit load on ITI Banking and Financial Services Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 3 months..
How risky is ITI Banking and Financial Services Fund?
ITI Banking and Financial Services Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Banking category.
Which fund house manages ITI Banking and Financial Services Fund?
ITI Banking and Financial Services Fund is managed by ITI Mutual Fund, which runs 20 schemes with ₹12,469 Cr under management.