NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹13.11
-2.97%
NAV as on 16 Jan 25, 12:00 AM
very high risk
sector financial services
equity
NAV as on 16 Jan 25, 12:00 AM
very high risk
sector financial services
equity
7.86%p.a.
Last 1Y
10.52%p.a.
Last 3Y
0.00%p.a.
Last 5Y
9.91%p.a.
Since Inception
About ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl scheme from ITI Asset Management Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Dec 2021, ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl is Sector - Financial Services fund of its category with 271.75 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
- ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl delivered 7.9% annual returns during the last year. It has delivered 9.9% average annual returns since the fund was launched.
- ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund 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.
Top 10 Holdings
HDFC Bank Ltd
20.19%
ICICI Bank Ltd
14.21%
Axis Bank Ltd
7.54%
Kotak Mahindra Bank Ltd
6.81%
State Bank of India
6.80%
Bajaj Finance Ltd
4.15%
ICICI Securities Ltd
2.06%
Muthoot Finance Ltd
1.99%
Max Financial Services Ltd
1.84%
Cholamandalam Investment and Finance Co Ltd
1.83%
Fund Managers
- Rohan Korde (Apr 2022 - Present)
- Nilay Dalal (May 2023 - Present)
Key Information
View Scheme Document
ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in ITI Banking and Financial Services Fund Payout Inc Dist cum Cap Wdrl
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
Funds
3Y Return
ICICI Prudential Banking and Financial Services Fund Growth
very high risk | equity
14.6%
ICICI Prudential Banking and Financial Services Fund Rnvstmnt of Inc Dist cum Cap Wdrl
very high risk | equity
12.5%
SBI Banking & Financial Services Growth
very high risk | equity
17.8%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved