(Scheme Rating)
ITI Banking and PSU Debt Fund Direct-Growth
NAV as of May 02, 2025
13.240.05%
(Earn upto 0.55% Extra Returns with Direct Plan)
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ITI Banking and PSU Debt Fund Direct-Growth, launched on Oct 23, 2020 is benchmarked to CRISIL Banking and PSU Debt A-II Index. The riskometer of this fundType is set at Low to Moderate. Asset Allocation is Equity - 0.0%; Debt - 90.51% and Cash and Others- 9.49%. The Current NAV of the ITI Banking and PSU Debt Fund Direct-Growth as of Feb 05, 2025 is Rs 12.9. The AUM of ITI Banking and PSU Debt Fund Direct-Growth is Rs 30.56 crore as on Dec 31, 2024. Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Investment Growth
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ITI Banking and PSU Debt Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds.
| Fund House | ITI Mutual Fund |
| Launch Date | Oct 22, 2020 |
| Benchmark | CRISIL Banking and PSU Debt A-II Index |
| Return Since Launch | 6.4% |
| Riskometer | Moderate |
| Fund Category | Debt: Banking and PSU |
| Expense Ratio | 0.15%(0.32% Category average) |
| Fund Size | Rs. 34.80 Cr(0.04% of Investment in Category) |
| Type | Open-ended |
| Risk Grade | Low |
| Return Grade | Above Average |
ITI Banking and PSU Debt Fund Direct-Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 1,000.00 |
| Exit Load | 0% |
ITI Banking and PSU Debt Fund Direct-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the ITI Banking and PSU Debt Fund - Direct Plan as of May 02, 2025 is Rs 13.24 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 9.22% (1yr), 7.4% (3yr) and 6.4% (since launch). Whereas, Category returns for the same time duration are: 9.22% (1yr), 6.96% (3yr) and 6.47% (5yr).
3. Fund Size: The ITI Banking and PSU Debt Fund - Direct Plan currently holds Assets under Management worth of Rs 34.8 crore as on Feb 28, 2025.
4. Expense ratio: The expense ratio of the fund is 0.15% for Direct plan as on Mar 05, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the ITI Banking and PSU Debt Fund - Direct Plan as of May 02, 2025 is Rs 13.24 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 9.22% (1yr), 7.4% (3yr) and 6.4% (since launch). Whereas, Category returns for the same time duration are: 9.22% (1yr), 6.96% (3yr) and 6.47% (5yr).
3. Fund Size: The ITI Banking and PSU Debt Fund - Direct Plan currently holds Assets under Management worth of Rs 34.8 crore as on Feb 28, 2025.
4. Expense ratio: The expense ratio of the fund is 0.15% for Direct plan as on Mar 05, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
ITI Banking and PSU Debt Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.89 2.81 4.72 9.13 7.42 - Category Avg 1.05 3.08 4.77 9.23 7.00 6.49 Rank within Category 22 21 18 19 9 - No. of funds within Category 22 22 22 22 20 16
Return Comparison
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Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 2.06 | 5.88 | 0.0077 | 3.0895 |
| Average Maturity(Yrs) | 2.84 | 11.3 | 0.0101 | 4.2614 |
| Yield to Maturity(%) | 7.19 | 7.73 | 6.97 | 7.3085 |
| Avg Credit Rating | Average | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 25.60 | 17.42 |
| Low Risk | 70.82 | 78.70 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 3.58 | 3.88 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 24.81 | 16.83 |
| CD | 26.38 | 3.98 |
| T-Bills | - | 0.07 |
| CP | - | 0.14 |
| NCD & Bonds | 41.05 | 70.94 |
| PTC | - | 0.13 |
| Cash & Others | 7.76 | 5.76 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| 7.1% GOI 08/04/2034 | GOI Securities | Sovereign | SOV | 76.82 | 24.81 | 7,50,000 |
| Bank Of Baroda | Certificate of Deposit | Financial | A1+ | 29.84 | 9.64 | 3,00,000 |
| 5.9% HDFC Bank Ltd 25/02/2025 | Debenture | Financial | AAA | 29.75 | 9.61 | 3,00,000 |
| Canara Bank | Certificate of Deposit | Financial | A1+ | 27.15 | 8.77 | 2,75,000 |
| 8.32% Power Grid Corporation Of India Ltd 23/12/2025 | Bonds | Energy | AAA | 25.18 | 8.13 | 2,50,000 |
| REC Ltd | Non Convertible Debenture | Financial | AAA | 24.99 | 8.07 | 2,50,000 |
| 6.11% Bharat Petroleum Corporation Ltd 06/07/2025 | Non Convertible Debenture | Energy | AAA | 24.72 | 7.98 | 2,50,000 |
| Punjab National Bank | Certificate of Deposit | Financial | A1+ | 24.69 | 7.97 | 2,50,000 |
| 7.58% National Bank For Agriculture & Rural Development 31/07/2026 | Debenture | Financial | AAA | 22.47 | 7.26 | 2,25,000 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y ITI Banking and PSU Debt Fund Direct-Growth 13.24 34.80 0.89 9.13 7.42 - ICICI Prudential Banking & PSU Debt Direct-Growth 33.82 10,368.32 0.99 9.42 7.84 7.39 HDFC Banking and PSU Debt Fund Direct-Growth 23.78 5,995.94 1.12 9.81 7.48 7.27 Franklin India Banking & PSU Debt Fund Direct-Growth 23.20 547.06 0.89 9.10 7.17 6.50 Axis Banking & PSU Debt Direct Plan-Growth 2,694.53 12,961.49 1.03 9.28 7.11 6.69
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Low Volatality
0.82VS1.39Fund Vs Category Avg
Beta
Low Volatality
1.49VS2.28Fund Vs Category Avg
Sharpe Ratio
Better risk-adjusted returns
1.14VS0.70Fund Vs Category Avg
Treynor's Ratio
Better risk-adjusted returns
0.63VS0.29Fund Vs Category Avg
Jensen's Alpha
Poor risk-adjusted returns
3.94VS5.53Fund Vs Category Avg
Mean Return
Moderate average monthly returns
7.18VS7.18Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Fund Manager
- R.I.Rama Iyer SrinivasanSince Jan 2012
- R.R.Rajeev RadhakrishnanSince Nov 2023
- M.S.Mansi SajejaSince Dec 2023
Mr. Srinivasan is M.Com and MFM. Prior to joining SBI Mutual Fund he has worked with Principal AMC, Oppenheimer & Co, Indosuez WI Carr and Motilal Oswal.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y SBI Magnum Children's Benefit Fund - Savings Plan Conservative Hybrid 107.87 122.51 13.13 SBI Magnum Children's Benefit Fund - Investment Plan Regular - Growth Aggressive Hybrid 38.96 3,225.79 14.02 SBI Multicap Fund Regular - Growth Multi Cap 16.29 19,192.41 12.78 SBI Small Cap Fund-Growth Small Cap 159.04 30,828.79 -0.98 SBI Focused Equity Fund-Growth Flexi Cap 331.93 35,253.14 9.08 SBI Long Term Advantage Fund Series IV Regular - Growth ELSS 43.98 Unrated 198.72 1.25 Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA. Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
Ms. Sajeja is a CFA and has done Post Graduate Diploma in Business Management. Prior to joining SBIFMPL, she was Rating Analyst at ICRA Limited.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y SBI Balanced Advantage Fund Regular - Growth Dynamic Asset Allocation 15.05 34,015.41 7.64 SBI Multi Asset Allocation Fund-Growth Multi Asset Allocation 56.51 7,673.98 8.25 SBI Short Term Debt Fund-Growth Short Duration 31.85 13,958.73 9.23 SBI Conservative Hybrid Fund-Growth Conservative Hybrid 71.13 9,666.02 8.65 SBI Equity Savings Fund Regular-Growth Equity Savings 23.21 5,670.63 7.30 SBI Short Horizon Debt Short Term Fund Retail-Growth Short Duration 36.03 Unrated 13,958.73 9.23
More ITI Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| ITI Small Cap Fund Regular-Growth | 2,253.76 | -7.74 | -21.25 | -18.21 | 3.09 | 22.37 | |
| ITI Multi Cap Fund Regular - Growth | 1,312.94 | -7.58 | -18.79 | -19.81 | -5.23 | 16.50 | |
| ITI Flexi Cap Fund Regular - Growth | 1,200.60 | -7.10 | -18.81 | -17.81 | -1.00 | 0.00 | |
| ITI Mid Cap Fund Regular - Growth | 1,095.38 | -6.36 | -18.10 | -19.46 | -0.24 | 20.37 | |
| ITI Large & Mid Cap Fund Regular-Growth | 783.37 | -5.92 | -18.42 | 0.00 | 0.00 | 0.00 | |
| ITI Focused Equity Fund Regular - Growth | 482.56 | -5.93 | -15.46 | -13.63 | 1.93 | 0.00 | |
| ITI Balanced Advantage Fund Regular - Growth | 378.30 | -2.31 | -7.32 | -4.92 | 0.69 | 8.57 | |
| ITI ELSS Tax Saver Fund Regular - Growth | 374.22 | -6.19 | -17.67 | -17.44 | -1.09 | 17.01 | |
| ITI Large Cap Fund Regular - Growth | 364.35 | -4.35 | -12.79 | -12.97 | -4.60 | 12.15 | |
| ITI Value Fund Regular - Growth | 301.03 | -6.01 | -17.45 | -18.62 | -5.71 | 16.25 |
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FAQs about ITI Banking and PSU Debt Fund Direct-Growth
- Is it safe to invest in ITI Banking and PSU Debt Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the ITI Banking and PSU Debt Fund - Direct Plan comes under Moderate risk category.
- What is the category of ITI Banking and PSU Debt Fund - Direct Plan?ITI Banking and PSU Debt Fund - Direct Plan belongs to the Debt : Banking and PSU category of funds.
- How Long should I Invest in ITI Banking and PSU Debt Fund - Direct Plan?The suggested investment horizon of investing into ITI Banking and PSU Debt Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the ITI Banking and PSU Debt Fund - Direct Plan?The ITI Banking and PSU Debt Fund - Direct Plan is managed by Laukik Bagwe (Since Feb 01, 2025).
About ITI Banking and PSU Debt Fund Direct-Growth
1. ITI Banking and PSU Debt Fund - Direct Plan is Open-ended Banking and PSU Debt scheme which belongs to ITI Mutual Fund House.
2. The fund was launched on Oct 22, 2020.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds. "
2. It is benchmarked against CRISIL Banking and PSU Debt A-II Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of ITI Banking and PSU Debt Fund - Direct Plan is 2.84 years and Duration is 2.06 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on ITI Banking and PSU Debt Fund Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. ITI Banking and PSU Debt Fund - Direct Plan is Open-ended Banking and PSU Debt scheme which belongs to ITI Mutual Fund House.
2. The fund was launched on Oct 22, 2020.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks(SCBs), Public Sector undertakings(PSUs), Public Financial Institutions(PFIs) and Municipal Bonds. "
2. It is benchmarked against CRISIL Banking and PSU Debt A-II Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of ITI Banking and PSU Debt Fund - Direct Plan is 2.84 years and Duration is 2.06 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on ITI Banking and PSU Debt Fund Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.