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: 0.40%
Fund Manager	Mr. Nilay Dalal (Since 05 May 2023) Total Experience : 12 years Mr. Rohan Korde (Since 29-Apr-22) Total Experience: 17 years

AUM (in Rs. Cr):	311.03
AAUM (in Rs. Cr):	309.80
% of top 5 holdings:	53.13%
% of top 10 holdings:	68.79%
No of scrips:	34

Standard Deviation^:	14.38%
Beta^:	0.95
*Sharpe Ratio^:**	0.54
Average P/B	4.14
Average P/E	19.05
Portfolio Turnover Ratio	1.55
^Computed for the 3-yr period ended November 30, 2025. Based on monthly return. *Risk free rate: 5.59 (Source: FIMMDA MIBOR) (P/E ratio taken on net equity level)

	Regular Plan (in Rs.)	Direct Plan (in Rs.)
Growth:	16.2471	17.5910
IDCW:	16.2471	17.5910

Name of the Instrument	% to NAV	% to NAV Derivatives
Equity & Equity Related Total	97.77	0.74
Financial Services	97.77	0.74
HDFC Bank Limited	17.64
ICICI Bank Limited	11.71
State Bank of India	8.91
Axis Bank Limited	8.45
Kotak Mahindra Bank Limited	6.42
Bajaj Finance Limited	4.69
BSE Limited	3.25
Shriram Finance Limited	3.24
SBI Life Insurance Company Limited	2.30
HDFC Life Insurance Company Limited	2.17
PNB Housing Finance Limited	1.73
Aptus Value Housing Finance India Limited	1.69
IIFL Finance Limited	1.52
Housing & Urban Development Corporation Limited	1.52
Equitas Small Finance Bank Limited	1.50
PB Fintech Limited	1.49
Union Bank of India	1.49
Max Financial Services Limited	1.47
IDFC First Bank Limited	1.47
Aditya Birla Capital Limited	1.27
ICICI Lombard General Insurance Company Limited	1.26
Manappuram Finance Limited	1.23
One 97 Communications Limited	1.07
Indian Bank	1.03
The South Indian Bank Limited	1.02
L&T Finance Limited	1.02
Canara Bank	1.00
Ujjivan Small Finance Bank Limited	1.00
Punjab National Bank	1.00
The Federal Bank Limited	0.99
Bank of Baroda	0.96
Can Fin Homes Limited	0.96
Muthoot Finance Limited	0.71
Angel One Limited	0.59	0.74
Short Term Debt & Net Current Assets	1.49

Top Ten Holdings

Period	Fund Returns (%)	Benchmark Returns (%)	Additional Benchmark Returns (%)	Fund (Rs)	Benchmark (Rs)	Additional Benchmark Returns (Rs)
Regular - Growth
Last 1 Year	18.96%	17.36%	9.97%	11,891	11,731	10,994
Last 3 Years	13.37%	14.07%	13.10%	14,567	14,838	14,461
Since Inception	12.97%	13.35%	12.98%	16,247	16,465	16,254
Direct - Growth
Last 1 Year	21.17%	17.36%	9.97%	12,111	11,731	10,994
Last 3 Years	15.55%	14.07%	13.10%	15,422	14,838	14,461
Since Inception	15.24%	13.35%	12.98%	17,591	16,465	16,254

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 5 years period has not been provided, since scheme is in existence for less than 5 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 November 28, 2025: Rs. 16.2471 (Regular Growth Option), Rs. 17.5910 (Direct Growth Option)

Period	Amount Invested	Fund Returns (%)	Benchmark Returns (%)	Additional Benchmark Returns (%)	Fund Value ()	Benchmark Value ()	Additional Benchmark Value ()
Regular - Growth
Last 1 Year	1,20,000	27.10%	21.70%	17.34%	1,36,653	1,33,429	1,30,795
Last 3 Year	3,60,000	16.64%	17.50%	14.21%	4,59,889	4,65,487	4,44,280
Since Inception	4,80,000	15.90%	16.57%	14.18%	6,57,376	6,65,955	6,35,908
Direct - Growth
Last 1 Year	1,20,000	29.45%	21.70%	17.34%	1,38,039	1,33,429	1,30,795
Last 3 Year	3,60,000	18.81%	17.50%	14.21%	4,74,161	4,65,487	4,44,280
Since Inception	4,80,000	18.11%	16.57%	14.18%	6,85,825	6,65,955	6,35,908

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).