3 Year return
14.51%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹1079.86 Cr.
Expense Ratio
1.18% (inclusive of GST)
Exit Load
1.00% - If redeemed / switched out less than one year from the date of allotment. Nil - If redeemed / switched out greater than or equal to one year from the date of allotment.
Tax Implications
Withdrawal within 1 year
Exit load + 15% tax on gains
Withdrawal after 1 year
10% tax on gains over ₹1 Lakh per financial year
Fund Holdings
UTI Mutual Fund Managers
AP
Amit Premchandani
Fund Manager since Mar 2017
Fund House Details
UTI Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
|
Funds
|
3 Y Returns
|
ARQ Rating
|
|---|---|---|
|
Invesco India PSU Equity Fund Direct Plan IDCW (Payout / Payout) |
42.14% |
0 |
|
Quant Infrastructure Fund IDCW Direct Plan Payout |
38.55% |
0 |
|
Invesco India Infrastructure Fund Direct Plan IDCW (Payout / Payout) |
37.43% |
0 |
Schemes by UTI Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
UTI Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
UTI Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Aggressive Hybrid Fund
UTI Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Arbitrage Fund
UTI Arbitrage Fund Direct Plan Growth
Hybrid . Arbitrage Fund
UTI Arbitrage Fund Direct Plan IDCW Payout
About UTI Banking and Financial Services Fund Direct Plan Growth
UTI Banking and Financial Services Fund Direct Plan Growth is presented by UTI Mutual Fund as an Equity Mutual Fund Scheme. 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. However, this fund has a high expense ratio compared to its category average.
Investment Objective of the Scheme
The central investment objective of UTI Banking and Financial Services Fund Direct Plan Growth is to achieve long-term capital appreciation. This objective is pursued primarily through investments in equity and equity-related securities of institutions and companies actively engaged in banking and financial services domains. By focusing on such entities, the fund seeks to benefit from the growth potential and opportunities within this sector.
Key Features of The Fund
| 5-year return | 9.89% |
| Expense Ratio | 1.18% |
| Fund Manager | Amit Premchandani |
| Fund Size | ₹1079.86 Cr |
| Risk Profile | Very High |
Is This Scheme Right for Me?
This scheme is ideal for investors seeking exposure to the banking and financial services sector, aiming to strategically allocate a portion of their equity portfolio for potential sector-specific growth and diversification. Additionally, individuals willing to embrace a slightly higher risk profile through a sectoral investment approach could find value in this offering. The investment horizon, typically spanning five years or more, makes it suitable for those with a long-term perspective, and leveraging the Systematic Investment Plan (SIP) method can help navigate market volatility effectively. However, as with any investment, careful consideration of personal financial goals and risk tolerance, coupled with potential guidance from financial advisors, is advisable before committing to the UTI Banking and Financial Services Fund Direct Plan Growth.
AMC Contact Details
| Name | UTI Mutual Fund |
| Launch Date | January 2003 |
| Addresss | First Floor, Unit No. 2, Block ‘B’, JVPD Scheme, Gulmohar Cross Road No. 9, Andheri (West), Mumbai – 400049. |
| Contact | 1800 266 1230(+91) 022 6227 8000022 – 68990800 |
| service@uti.co.in | |
| Website | https://www.utimf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Use SIPs To Safeguard Your Child’s Education
FAQs
What is today's NAV of UTI Banking and Financial Services Fund?
What is the AUM of UTI Banking and Financial Services Fund?
What is the expense ratio of UTI Banking and Financial Services Fund?
What are the returns of UTI Banking and Financial Services Fund since inception?
What is the minimum SIP amount to invest in UTI Banking and Financial Services Fund?
How do I invest in UTI Banking and Financial Services Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in UTI Banking and Financial Services Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in UTI Banking and Financial Services Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in UTI Banking and Financial Services Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
