UTI Banking and Financial Services Fund-Direct Growth Option - Regular - Latest NAV [ ₹120.2244 ], Returns, Performance, Portfolio & Returns 2021

UTI Banking and Financial Services Fund-Direct Growth Option

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    11.48%
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    (--0.2)120.2244

Min amount: ₹1,000

Calculate Returns

20 yrs
Rs. 1,000 invested monthly becomes Rs. 9.31 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years11.48%
3 Years5.55%
1 Year70.79%
6 Months16.95%
Fund Details
ISININF789F01SN3
RiskVery High Risk
Fund TypeSector - Financial Services
NAV120.2244
Exit Load1% for 30 Days

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd21.92%
ICICI Bank Ltd16.43%
State Bank of India9.94%
Axis Bank Ltd9.72%
Housing Development Finance Corp Ltd6.12%
Kotak Mahindra Bank Ltd5.48%
SBI Life Insurance Company Limited3.02%
RBL Bank Ltd2.95%
ICICI Prudential Life Insurance Company Limited2.86%
Net Current Assets2.53%

About UTI Banking & Financial Services Fund - Direct Plan - Growth

The main intention of the UTI Banking & Financial Services Fund is to provide overwhelming returns in the form of capital appreciation in the long run by investing in the equity and equity-linked assets of the companies in the financial and banking sector.

Pros and Cons of UTI Banking & Financial Services Fund - Direct Plan - Growth

The main advantage of investing in the UTI Banking & Financial Services Fund is that you get exposure to a portfolio consisting of equity and equity-linked securities of companies operating in the financial and banking sector. On the flip side, the risk is on the higher side as the fund invests in the assets of only one sector.

Fund Information and Statistics

i) Inception/Launch Date

UTI Banking & Financial Services Fund was launched on 1 January 2013.

ii) Risk Level

UTI Banking & Financial Services Fund is categorised under the category of ‘high risk’ mutual funds. This is because the fund invests only in one sector and hence possesses the risk of concentration.

iii) Redemption

Since UTI Banking & Financial Services Fund is an open-ended mutual fund plan, you can redeem your investments at any time. However, you have to factor the applicable exit load charges and tax on capital gains.

iv) Fund Manager

Mr Amit Kumar Premchandani is the current fund manager of the UTI Banking & Financial Services Fund.

v) Entry/Exit Load

There is no entry load as per the regulations of the Indian market watchdog. An exit load of 1% applies on redemptions made within a period of one year from the date off allocation.

About UTI Mutual Fund

UTI Mutual Fund is a leading fund house in India with its assets under management (AUM) amounting to Rs 1,33,631.02 crore as of June 2020. It is being sponsored by Bank of Baroda, Punjab National Bank, Life Insurance Corporation, and State Bank of India. The fund house’s trustee is UTI Trustee Company Private Limited. It started offering mutual funds in January 2003 when it registered with the Securities and Exchange Board of India (SEBI).

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Frequently Asked Questions

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Min amount: ₹1,000

Calculate Returns

20 yrs
Rs. 1,000 invested monthly becomes Rs. 9.31 Lakhs in a period of 20 years
Very High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns