ITI Banking and Financial Services Fund
ITI Mutual Fund · Sectoral/Thematic · Direct plan, growth option
NAV (₹), 1 Oct 2026
16.4917
1-day change
-0.88%
1Y return
2.1%
3Y CAGR
10.1%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 8 Dec 2021 to 1 Oct 2026
Returns vs Sectoral/Thematic median (253 schemes) and “Banking & financial services” median (28)
| Period | Scheme | Category median | Banking & financial services median |
|---|---|---|---|
| 1 month | -6.4% | -5.4% | -6.1% |
| 3 months | -6.8% | -2.8% | -6.4% |
| 6 months | 6.8% | 8.9% | 6.7% |
| Year to date | -6.0% | -2.0% | -5.9% |
| 1 year | 2.1% | 1.4% | 0.2% |
| 3 years (CAGR) | 10.1% | 13.0% | 11.0% |
| 5 years (CAGR) | n/a | 12.0% | 11.3% |
| 7 years (CAGR) | n/a | 17.0% | 12.3% |
| 10 years (CAGR) | n/a | 14.6% | 11.9% |
| Since first NAV (CAGR) | 10.2% | – | – |
“Banking & financial services” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 14.9% | 11.8% |
| 3Y rolling median | 15.0% | 17.5% |
| 3Y rolling worst | 9.5% | 3.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 57% | 84% |
| 5Y rolling median | n/a | 15.6% |
| 5Y rolling worst | n/a | 1.8% |
| 5Y periods ahead of benchmark | n/a | 91% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.2% | 16.7% |
| Sharpe ratio | 0.32 | 0.42 |
| Sortino ratio | 0.47 | 0.63 |
| Beta | 0.93 | 0.96 |
| Alpha (ann.) | 2.0% | 3.7% |
| Upside capture | 98.30 | 106.94 |
| Downside capture | 89.83 | 95.17 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −16.7% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | n/a | −22.3% |
| Current drawdown | −8.8% | −8.3% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
54,450.75 −0.33%
NSE close, 1 Oct 2026
- P/E 12.9: higher than 1% of days since 2019 (median 17.1)
- 1Y −1.2% · 3Y +7.5% p.a. · 5Y +8.5% p.a. (index fund NAV, after costs)
- −11.5% from its 52-week high
24,556.10 −0.38%
NSE close, 1 Oct 2026
- P/E 15.1: higher than 0% of days since 2019 (median 18.6)
- 1Y −6.9% · 3Y +7.4% p.a. · 5Y +6.2% p.a. (index fund NAV, after costs)
- −13.7% from its 52-week high (proxy NAV)
26,697.25 +0.01%
NSE close, 1 Oct 2026
- P/E 16.5: higher than 19% of days since 2019 (median 18.8)
- 1Y −1.1% · 3Y +4.9% p.a. · 5Y +6.7% p.a. (index fund NAV, after costs)
- −8.5% from its 52-week high (proxy NAV)
7,937.80 −0.98%
NSE close, 1 Oct 2026
- P/E 7.2: higher than 11% of days since 2019 (median 8.4)
- 1Y +6.1% · 3Y +14.9% p.a. · 5Y +26.6% p.a. (index fund NAV, after costs)
- −19.7% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.80% a year and the Direct plan's 1.10%, a gap of 1.70%; over the last 3 years the Direct plan returned 2.02 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹36,79,031.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 1.08% to 1.10% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Nilay Dalal | Fund manager | 5 May 2023 |
| Animesh Singh | Fund manager | 8 May 2026 |
Objective: The investment objective of the Scheme is to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Stated asset allocation: Equity, Units issued by REITs & Equity related securities of companies engaged in Banking and Financial Services 80%-100%, Equity, Units issued by REITs and Equity related securities of other Companies 0%-20%, Listed Preference Shares 0%-10%, Debt and Money Market Instruments 0%-20%, Units issued by InvITs 0%-10%.
Benchmark (tier 1): Nifty Financial Services Total Return Index
Exit load: If redeemed/Switched out on or before 3 Months from the date of allotment; Exit Load is 0.50% Exit Load after completion of 3 months - NIL
Minimum application: ₹5,000
Allotment date: 6 Dec 2021
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.10% | 1.15% |
| AUM, whole scheme (₹ crore) | 362 | 1,272 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 4.3% | -4.4% TRI |
| Return, 3 years (AMFI) | 10.4% | 8.6% TRI |
| Month-ends above category median (3Y CAGR) | 0% | 53% median |
| Month-ends in category top quartile (3Y) | 0% | 24% median |
Official benchmark: Nifty Financial Services TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -6.0% | -7.8% | +1.8% |
| 2025 | 22.7% | 7.7% | +15.0% |
| 2024 | 8.8% | 15.6% | −6.9% |
| 2023 | 16.8% | 26.5% | −9.7% |
| 2022 | 11.8% | 3.8% | +8.0% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,15,978 | -6.2% |
| 3 years | ₹3,60,000 | ₹3,95,647 | 6.2% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: ITI Mutual Fund
Category: Sectoral/Thematic
Plan / option: Direct · Growth
AMFI scheme code: 149321
ISIN: INF00XX01BU6
First NAV in MFIC data: 8 Dec 2021
History: 4.8 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Kotak Banking and Financial Services Fund | Sectoral/Thematic | 0.98 | 10.9% |
| WhiteOak Capital Banking & Financial Services Fund | Sectoral/Thematic | 0.97 | n/a |
| HDFC Banking & Financial Services Fund | Sectoral/Thematic | 0.97 | 11.0% |
| Mirae Asset Banking and Financial Services Fund | Sectoral/Thematic | 0.97 | 11.2% |
| Aditya Birla Sun Life Banking and Financial Services Fund | Sectoral/Thematic | 0.96 | 8.3% |
| UTI - Banking and Financial Services Fund | Sectoral/Thematic | 0.96 | 11.6% |
Questions about ITI Banking and Financial Services Fund
- What is the latest NAV of ITI Banking and Financial Services Fund?
- The NAV of the Direct plan (growth option) was ₹16.4917 on 1 Oct 2026, as published by AMFI.
- Which category is ITI Banking and Financial Services Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 253 Sectoral/Thematic schemes (Direct plans).
- What returns has ITI Banking and Financial Services Fund delivered?
- Over one year the NAV changed by 2.1%. The 3-year CAGR is 10.1% (category median 13.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 15.0%, the lowest was 9.5%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 57% of those periods.
- What was the largest fall in ITI Banking and Financial Services Fund's NAV?
- The largest peak-to-trough fall in its available history was 16.7%.
- How volatile is ITI Banking and Financial Services Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.2%, which is below the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in ITI Banking and Financial Services Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,95,647 on 1 Oct 2026, an annualised return (XIRR) of 6.2%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of ITI Banking and Financial Services Fund?
- The total expense ratio of the Direct plan is 1.10% a year, as disclosed to AMFI (median of Sectoral/Thematic Direct plans: 1.15%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is ITI Banking and Financial Services Fund?
- Assets under management of the whole scheme were ₹362 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of ITI Banking and Financial Services Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of ITI Banking and Financial Services Fund and how has it compared?
- Its official benchmark is the Nifty Financial Services TRI. Over 3 years AMFI reports a return of 10.4% for this plan against 8.6% for the benchmark total return index. Past performance does not indicate future results.
- How often has ITI Banking and Financial Services Fund beaten its category?
- At 0% of the 22 month-ends compared over the last 10 years, its 3-year return was above the median of Sectoral/Thematic schemes (Direct plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages ITI Banking and Financial Services Fund?
- According to its Scheme Summary Document, ITI Banking and Financial Services Fund is managed by Nilay Dalal (since 5 May 2023), Animesh Singh (since 8 May 2026).
- What is the exit load of ITI Banking and Financial Services Fund?
- As stated in its scheme documents: If redeemed/Switched out on or before 3 Months from the date of allotment; Exit Load is 0.50% Exit Load after completion of 3 months - NIL Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in ITI Banking and Financial Services Fund?
- The minimum application amount is ₹5,000. SIP details: SIP-Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/- or Rs. 1000/-, STP- Rs. 500/-, SWP- Rs. 1000/-.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 2.1% and the Regular plan's by 0.3%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.