ITI Banking and Financial Services Fund
The fund maintains a heavily concentrated bet on large-cap banks and financial services, with the top five holdings accounting for 43 percent of assets. The recent portfolio churn—adding smaller regional banks and mid-tier NBFCs while trimming marquee names like ICICI Bank and Kotak—suggests the manager is rotating toward value opportunities in underpenetrated segments rather than doubling down on quality. The 5.8 percent uptick in net receivables indicates some cash drag, possibly reflecting caution or upcoming deployment into identified opportunities in the financial sector's broader ecosystem.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹16.6378 | — | — | — | — |
| Regular Growth | ₹15.2350 | -1.96% | +2.58% | +11.36% | — |
| Direct IDCW | ₹15.7004 | — | — | — | — |
| Regular IDCW | ₹14.3028 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| City Union Bank Limited | 1.53% |
| DCB Bank Limited | 1.46% |
| Union Bank of India | 1.45% |
| Fusion Finance Limited | 1.32% |
| Five Star Business Finance Limited | 1.24% |
| Manappuram Finance Limited | 0.99% |
| Can Fin Homes Limited | 0.97% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 10.53% |
| 2 | State Bank of India INE062A01020 | 9.03% |
| 3 | HDFC Bank Limited INE040A01034 | 8.89% |
| 4 | Axis Bank Limited INE238A01034 | 7.91% |
| 5 | Net Receivables / (Payables) nan | 6.96% |
| 6 | Kotak Mahindra Bank Limited INE237A01036 | 6.31% |
| 7 | Bajaj Finance Limited INE296A01032 | 5.19% |
| 8 | Shriram Finance Limited INE721A01047 | 4.44% |
| 9 | BSE Limited INE118H01025 | 3.25% |
| 10 | SBI Life Insurance Company Limited INE123W01016 | 2.49% |
| 11 | Cholamandalam Investment and Finance Company Ltd INE121A01024 | 2.34% |
| 12 | Multi Commodity Exchange of India Limited INE745G01043 | 2.21% |
| 13 | RBL Bank Limited INE976G01028 | 2.08% |
| 14 | AU Small Finance Bank Limited INE949L01017 | 1.99% |
| 15 | CreditAccess Grameen Limited INE741K01010 | 1.61% |
| 16 | Home First Finance Company India Limited INE481N01025 | 1.54% |
| 17 | Aditya Birla Capital Limited INE674K01013 | 1.54% |
| 18 | City Union Bank Limited INE491A01021 | 1.53% |
| 19 | Bandhan Bank Limited INE545U01014 | 1.52% |
| 20 | Power Finance Corporation Limited INE134E01011 | 1.52% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ITI Banking and Financial Services Fund hold?
ITI Banking and Financial Services Fund holds 33 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 42.67% of NAV.
What is the largest holding in ITI Banking and Financial Services Fund?
The largest position in ITI Banking and Financial Services Fund is ICICI Bank Limited, accounting for 10.53% of NAV in the Banks sector.
Is ITI Banking and Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.430, ITI Banking and Financial Services Fund is well-diversified. The HHI concentration index is 49,184 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 42.67% of the portfolio.
What is the market cap allocation of ITI Banking and Financial Services Fund?
Based on SEBI's AMFI classification, ITI Banking and Financial Services Fund's equity portfolio is split as: Large Cap: 55.05%, Mid Cap: 10.20%, Small Cap: 19.27%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ITI Banking and Financial Services Fund invest in most?
ITI Banking and Financial Services Fund has the highest allocation to Banks (57.63%), Finance (26.50%), nan (6.96%). The fund is invested across 4 sectors in total.
How actively managed is ITI Banking and Financial Services Fund compared to other Sectoral / Thematic funds?
ITI Banking and Financial Services Fund has an Active Share of 80.73%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in ITI Banking and Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ITI Banking and Financial Services Fund added 7 new stocks (including City Union Bank Limited) and exited 9 stocks (including Aditya Birla Sun Life AMC Limited). Total holding count decreased from 36 to 34 stocks.