ITI Banking & PSU Fund Direct growth

Fixed Income • Banking and PSU • Direct growth

Average credit rating

AAA (Highest)

Fund Info

Fixed Income

Banking and PSU

Direct growth

Launched On

22 Oct 2020

4.5 years ago

Lock-in Period

No lock-in

NAV

as of 11 Apr 2025

₹13.16

+0.06% (0.10)

AUM

₹35 Cr

Expense ratio

0.15%

Benchmark

Fund Plan

Tax info and exit load

Taxes

Units sold anytime

As per tax slab

Exit Load

If units sold anytime

What's in this fund?

Credit Rating

Sectors

Holdings

AAA

100.00%

AA

0.00%

A

0.00%

BBB

0.00%

B

0.00%

Fund Managers

Laukik Bagwe

Experience: 8.73 yrs • Total AUM: 8,228 Cr

CAGR

₹1,000 invested for 5 years

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Fund House

ITI

Inc: 24 Apr 2019 • Total AUM: ₹9,170 Cr • Rank #33

ITI Mutual Fund, started in 2008, has The Investment Trust of India as its sponsor. The fund house is headed by Hitesh Thakkar as the CEO. As of 31 March 2024, it has an AUM of ₹7,132 Cr. It functions under the holding company Fortune Credit Capital Limited.

Risk

Category risk

Moderate

As provided by the fund house document, this risk is specific to this fund category (Fixed Income). To know the risk of this fund particularly, check 'Risk vs Category'.

Disclaimer: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.

Tax info and exit load

What is tax on Mutual funds?

Profits gained from investment in mutual funds are subject to taxation like any other asset-class investments. Factors that affect these taxes are:

Fund types (debt-oriented or equity)
Dividend
Capital gains
Holding period of investor

What is exit load?

It is a fee charged by the mutual fund houses if investors exit a scheme partially or fully within a certain period from the date of investment, as specified in the Scheme Information Document.

What are Indexation benefits?

Indexation is used to adjust the purchase price of an investment to reflect the effect of inflation on it. A higher purchase price means lesser profits, which effectively means a lower tax. With the help of indexation, you will be able to lower your long-term capital gains, which brings down your taxable income.