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ITI Banking and Financial Services Fund - NAV, Performance & Investment Details 2025

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Invest in ITI Banking and Financial Services Fund - Check latest NAV, performance, AUM, expense ratio & fund manager details. Start SIP from ₹500. Direct & Regular plans available.

Investment Objective and Approach

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. ITI Banking and Financial Services Fund is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies.

The fund follows a sectoral investment approach, focusing exclusively on the banking and financial services sector. This is a fund that invests mainly in shares of banks and financial services companies. The investment strategy targets companies across the entire spectrum of the financial sector, including private banks, public sector banks, NBFCs, and other financial services companies.

The ITI Banking and Financial Services Fund is rated Very High risk. The fund's concentrated sectoral exposure makes it suitable for investors with high risk tolerance and long investment horizons.

Fund Managers

The fund is managed by a team of experienced professionals:

Pradeep Gokhale - Current Fund Manager of ITI Banking and Financial Services Fund

- Senior Fund Manager and Head of Research at ITI asset management Ltd since November 2018

- Possesses an overall 23 years of experience in Fund Management, Equity Research, Credit Evaluation and Ratings

- Was associated with Tata Asset Management Ltd

- Qualified Chartered Accountant and Chartered Financial Analyst from CFA Institute-USA

Rohan Korde - Co-Fund Manager

- Fund manager at ITI AMC since May 2021

- Previously with BOB Capital Markets, Prabhudas Lilladher, and Anand Rathi Share & Stock Brokers

- Masters in Management Studies (Finance) and Bachelors of Commerce

Nilay Dalal - Listed as an additional fund manager in recent updates

- Masters in Management Studies from KJ Somaiya Institute and B.E (Computer) from D.J Sanghvi College

- Previous experience with Axis Asset Management Company, SBI Life Insurance Company Ltd & MAQ Software Pvt Ltd

About the Fund House (AMC)

ITI Asset Management Limited is the investment manager for ITI Mutual Fund schemes. ITI Mutual Fund is a part of ITI Asset Management Limited, a subsidiary of The Investment Trust of India Limited. Established to offer a range of mutual fund schemes, ITI Mutual Fund aims to cater to diverse investor needs with a focus on long-term wealth creation.

Key highlights of ITI AMC:

- Average AUM of Rs. ₹9,909.06 crore as of September 30, 2024

- 29 branches in India with more than 196 employees

- Thoughtful and investor-centric investment solutions backed by a highly experienced team of researchers and investment managers

Historical Background:

Investment Trust of India Ltd (ITI) was the promoter of the first private sector Mutual Fund launched in Indian history by the name, Pioneer ITI Mutual Fund, which later on was taken over by Franklin Templeton Mutual Fund in the year 2002.

Leadership Team:

- Acting CEO: Mr. Hitesh Thakkar has over 22 years of experience predominantly in Asset Management & Banking

- CIO: Mr. Rajesh Bhatia has 30+ years of investment experience in Indian equities and 10+ years in Alternative Investments

Should I Invest in ITI Banking and Financial Services Fund?

This sectoral banking fund is suitable for investors who:

Positives:

- Want targeted exposure to the banking and financial services sector

- Have high risk tolerance and long investment horizon

- Believe in the growth potential of India's financial sector

- Can handle sectoral concentration and volatility

Key Considerations:

- Value Research believes that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team

- Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years

- If you do invest, you must do so only through the SIP route

Fund Metrics (as of June 2025):

- AUM of ₹9,274 Cr and Latest NAV as of 06 Jun 2025 is ₹16.20

- Minimum SIP Investment is ₹500, Minimum Lumpsum Investment is ₹5,000

- Expense ratio of 2.36

- Delivered 12.06% returns since inception

FAQs

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

The current NAV of ITI Banking & Financial Services Fund is ₹16.20, as of 6th June 2025. NAV changes daily based on market movements.

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

The AUM (assets under management) of ITI Banking & Financial Services Fund is ₹300.53 Cr as of 6th June 2025.

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

The expense ratio of ITI Banking and Financial Services Fund is 2.36 which covers fund management and operational costs.

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

It has delivered 12.06% returns since inception. The fund was launched in November 2021, making it relatively new.

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

The minimum investment required is ₹500 for the SIP (Systematic Investment Plan) option.

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

You can invest through Allvest platform online, directly from ITI Mutual Fund website, or through authorized distributors. Complete your KYC, choose between direct and regular plans, and start investing.

How to start a SIP in ITI Banking and Financial Services Fund?

Log into Allvest, search for the fund, select SIP option, choose investment amount (minimum ₹500), set frequency and auto-debit date, then complete the investment process.

How do I automate an SIP in ITI Banking and Financial Services Fund?

Set up auto-debit instructions with your bank account while starting SIP through Allvest. This ensures automatic monthly investments without manual intervention.

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

Log into your Allvest account, go to portfolio section, select the fund units to redeem, and submit redemption request. Exit load of 0.50%, if redeemed within 3 months.