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  • ITI Mutual Fund
  • ITI Banking & PSU Debt Fund (Growth)
ITI Mutual Fund

ITI Banking & PSU Debt Fund (Growth)

DebtBanking And Psu

10.5011

NAV (Jan 24)

4%
Till Date CAGR
Scripbox Opinion

Neutral

Click here for top ranked funds in banking and psu mutual funds.

However, Scripbox does not recommend investing in banking and psu mutual funds.

Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.

They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.

The category accounts for close to 8% of the total assets in the Debt Segment.

We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.

Our analysis of this fundLearn how we rate funds ->

Track Record

2 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.

Relative Size

17 Cr. Negligible within the category

Impact of Interest Rate Changes

Moderate Interest Rate Risk. The impact on fund value is moderate when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk. The fund has a high credit quality compared to other debt funds

Invest in this fund
Explore a scientifically created Scripbox plan within this asset class.
Short Term Money

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

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    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
  • graph-icon-gray
    No Lock-in
  • graph-icon-gray
    Expert Investing Only, Car, Down Payment

No single fund can achieve what a plan can. Learn why

Historical NAV

10.5011

NAV (Jan 24)

Fund Returns

Last 1Y

4.3%

Last 3Y

NA

Last 5Y

NA

Last 10Y

NA

Since Inception

4%

6 Month CAGR

1.7%

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Scheme Information

Investment Objective

The investment objective of the Scheme is 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. However,there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Expense Ratio

0.82

Launched (2y ago)

Oct 22, 2020

AUM in Crores

16.203

ISIN

INF00XX01838

Lock-in

No Lock-in

Benchmark

CRISIL Banking and PSU Debt TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers
user-avatar

George Joseph

Fund Manager

user-avatar

Rohan Korde

Fund Manager

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Vikrant Mehta

Fund Manager

calculator

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
Kotak Savings Fund (G)
Kotak Savings Fund (G)

₹ 11,746 cr

5

₹ 36,350 cr

5

₹ 9,578 cr

5

₹ 29,495 cr

5

₹ 26,926 cr

5

amc-icon

About the AMC

ITI Asset Management Limited

ITI Asset Management Limited manages assets worth 2,690 crores and was set up on 10 January 2008. It's current offering of mutual fund schemes includes 14 equity,21 debt and 6 hybrid funds.

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  • tel-amc-about
    022-66214998
  • mail-amc-about
    mfassist@itiorg.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    -

    18.7%

    -

    3.7%

    -

    2.5%

    -

    3%

    -

    3.2%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    ITI Banking & PSU Debt Fund (G) Review

    ITI Banking & PSU Debt Fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 4% over a period of 1 years. The fund is managed by ITI Asset Management Limited. The fund managers are George Joseph, Rohan Korde, Vikrant Mehta.

    Nav of ITI Banking & PSU Debt Fund (G) as of 24/01/2022 is ₹10.50 with the total AUM as of 25/01/2022 is ₹16.203. With Scripbox you can compare and check the latest nav for all mutual funds in India. ITI Banking & PSU Debt Fund (G) was launched on Oct 22, 2020. The category risk of the fund is Low to Moderate Risk.

    The minimum SIP amount for ITI Banking & PSU Debt Fund (G) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

    ITI Banking & PSU Debt Fund (G) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Banking and PSU Debt TR INR.

    ITI Banking & PSU Debt Fund (G) is rated as a 2 fund in Debt and delivered 4.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with ITI Banking & PSU Debt Fund (G).

    Frequently Asked Questions

    What is ITI Banking & PSU Debt Fund (G)?

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    What is the minimum sip amount of ITI Banking & PSU Debt Fund (G)?

    Is ITI Banking & PSU Debt Fund (G) good to invest in?

    What is the expense ratio of the ITI Banking & PSU Debt Fund (G)?