Investment Objective and Approach

The scheme seeks 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. UTI 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.

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.

Key investment highlights as of July 2025:

- Latest NAV: ₹214.21 (as of 28 Jul 2025)

- AUM: ₹1,355.60 Crores (as of 29 Jul 2025)

- 1-year return: 14.46%, 3-year return: 74.96%, Since inception: 333.35%

- Expense ratio: 1.14%

- Minimum SIP amount: ₹500

- Minimum lumpsum investment: ₹5,000

Fund Managers

The fund is currently managed by its fund managers Amit Kumar Premchandani and Preethi R S.

Amit Kumar Premchandani:

Mr. Premchandani is a Chartered Accountant, MBA and CFA degree holder. Prior to joining UTI Mutual Fund, he has worked in Deutsche Equities India, JP Morgan and Peerless General Finance and Investment. In UTI he has been associated with Dept. of Securities Research and Dept. of Fund Management for more than 11 years.

Preethi R S:

Preethi R S has an extensive experience of 15 years while managing equity & related investments. He is focused on picking quality companies and holds them for a long duration to generate good compounding returns in their funds.

About the Fund House (AMC)

UTI Mutual Fund was launched after carving out the former Unit Trust of India by repealing the Unit Trust of India Act 1963. UTI was subsequently bifurcated into UTI Mutual Fund and SUUTI. It was registered with SEBI or the Securities and Exchange Board of India on 01 February 2003.

The 4 big partners- State Bank of India, the PNB or Punjab National Bank, Bank of Baroda, and the Life Insurance Corporation of India each holds 18.24% of the shares in the UTIMF. A significant share of 26% is held by the T Rowe Price Group Inc, also known as the TRP Grou, and controlled by its subsidiary - T Rowe Price Global Investment Services Ltd.

The UTI Mutual Fund precedes most renowned Mutual Funds in India. Its investors number nearly 11 million and there are over 250 plans currently operational with a total AuM of nearly Rs 238790 Crores. There is no other provider of Mutual Funds in India with a larger outreach of services. Even the best UTI Mutual Funds reach out to most of rural and semi-urban regions of India.

Should I Invest in UTI Banking and Financial Services Fund?

This fund is suitable for investors seeking:

- Long-term capital appreciation through banking and financial sector exposure

- Higher risk tolerance as the fund is rated Very High risk

- Investment horizon of at least 5-7 years

Risk Considerations:

We believe 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 to invest in companies from which it expects maximum gains. But if you do invest, you must do so only through the SIP route.

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

Tax Treatment:

- If you redeem within one year, returns are taxed at 20%.

- If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

Exit Load:

Exit load of 1%, if redeemed within 30 days.

FAQs

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

The latest NAV is ₹214.21 as of 28 Jul 2025. NAV is updated daily and you can check the current value on Allvest's platform.

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

The fund has an AUM of ₹1,355.60 Crores as of 29 Jul 2025.

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

The expense ratio is 1.14%, which represents the annual charges for managing your investment.

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

The fund has delivered 333.35% returns since inception, demonstrating strong long-term performance in the banking sector.

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

The minimum SIP amount is ₹500, making it accessible for regular investors to start their investment journey.

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

You can invest through Allvest's platform by completing your KYC, selecting the fund, and choosing between SIP or lumpsum investment options. The entire process is digital and user-friendly.

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

Log into your Allvest account, search for UTI Banking and Financial Services Fund, select 'Start SIP', choose your monthly amount (minimum ₹500), and set your investment date through Allvest's platform.

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

Set up an auto-debit mandate through Allvest which allows automatic monthly deduction from your bank account for seamless SIP investments without manual intervention.

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

You can redeem your investment anytime through Allvest's platform by placing a redemption request. Funds are typically credited to your registered bank account within 3-4 working days.