ITI MF

CATEGORY OF SCHEME	Sectoral/ Thematic Fund
INVESTMENT OBJECTIVE	The investment objective of the scheme is 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. However, there can be no assurance that the investment objective of the scheme would be achieved.
Inception Date (Date of Allotment):	06-Dec-21
Benchmark:	Nifty Financial Services TRI
Minimum Application Amount:	Rs. 5,000/- and in multiples of Re. 1/- thereafter
Load Structure:	Entry Load: Nil Exit Load:1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units · Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
Total Expense Ratio (TER):	Including Additional Expenses and Goods and Service Tax on Management Fees Regular Plan: 2.34% Direct Plan: 0.44%
Fund Manager	Mr. Nilay Dalal (Since 05 May 2023) Total Experience : 12 years Mr. Rohan Korde (Since 29-Apr-22) Total Experience: 19 years

AUM (in Rs. Cr):	269.28
AAUM (in Rs. Cr):	270.23
% of top 5 holdings:	53.22%
% of top 10 holdings:	64.46%
No of scrips:	32

Average P/B	3.71
Average P/E	16.93
Portfolio Beta	NA
Portfolio Turnover Ratio	1.79
^Scheme has not completed 3 years hence NA *Risk free rate: 6.55 (Source: FIMMDA MIBOR) (P/E ratio taken on net equity level)

	Regular Plan (in Rs.)	Direct Plan (in Rs.)
Growth:	13.6714	14.4433
IDCW:	13.6714	14.4433

Name of the Instrument	% to NAV	% to NAV Derivatives
Equity & Equity Related Total	97.72
Financial Services	97.72
HDFC Bank Limited	17.76
ICICI Bank Limited	14.40
State Bank of India	8.79
Axis Bank Limited	8.45
Kotak Mahindra Bank Limited	3.82
ICICI Prudential Life Insurance Company Limited	2.62
Shriram Finance Limited	2.27
SBI Life Insurance Company Limited	2.15
RBL Bank Limited	2.13
Max Financial Services Limited	2.07
Power Finance Corporation Limited	2.07
Muthoot Finance Limited	2.05
L&T Finance Limited	2.04
The Federal Bank Limited	2.01
Aditya Birla Capital Limited	1.94
City Union Bank Limited	1.85
ICICI Securities Limited	1.84
Karur Vysya Bank Limited	1.76
Cholamandalam Investment and Finance Company Ltd	1.75
Bajaj Finance Limited	1.64
PB Fintech Limited	1.60
Multi Commodity Exchange of India Limited	1.59
Indian Energy Exchange Limited	1.57
REC Limited	1.32
PNB Housing Finance Limited	1.23
Go Digit General Insurance Limited	1.17
Suryoday Small Finance Bank Limited	1.16
India Shelter Finance Corporation Limited	1.05
LIC Housing Finance Limited	1.00
Manappuram Finance Limited	0.98
Jio Financial Services Limited	0.91
Jana Small Finance Bank Limited	0.73
Short Term Debt & Net Current Assets	2.28

Top Ten Holdings

Period	Fund Returns (%)	Benchmark Returns (%)	Additional Benchmark Returns (%)	Fund (Rs)	Benchmark (Rs)	Additional Benchmark Returns (Rs)
Regular - Growth
Last 1 Year	14.2%	16.2%	27.8%	11,427	11,624	12,784
Since Inception	12.5%	12.5%	17.2%	13,671	13,652	15,231
Direct - Growth
Last 1 Year	16.4%	16.2%	27.8%	11,646	11,624	12,784
Since Inception	14.9%	12.5%	17.2%	14,443	13,652	15,231

Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. The performance data for 3 years period has not been provided, since scheme is in existence for less than 3 years. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty Financial Services TRI Additional Benchmark: Nifty 50 TRI. Fund Managers: Mr. Nilay Dalal (Managing since 05-May-23) and Mr. Rohan Korde (Managing since 29-Apr-22). Inception date of the scheme (06-Dec-21). Face Value per unit: Rs. 10. ITI Banking and Financial Services Fund NAV as on July 31, 2024: Rs. 13.6714 (Regular Growth Option), Rs. 14.4433 (Direct Growth Option)

Period	Amount Invested	Fund Value ()	Fund Returns (%)	Benchmark Value ()	Benchmark Returns (%)	Additional Benchmark Value ()	Additional Benchmark Returns (%)
Regular - Growth
Last 1 Year	120,000	131,682	18.55%	135,533	24.87%	142,084	35.84%
Since Inception	320,000	398,566	16.75%	402,280	17.49%	433,457	23.56%
Direct - Growth
Last 1 Year	120,000	133,073	20.82%	135,533	24.87%	142,084	35.84%
Since Inception	320,000	410,259	19.07%	402,280	17.49%	433,457	23.56%

Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty Financial Services TRI Additional Benchmark: Nifty 50 TRI. For SIP returns, monthly investment of Rs.10,000 invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).