ITI Banking and Financial Services Fund

To start an SIP in ITI Banking and Financial Services Fund:

1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for ITI Banking and Financial Services Fund.
3. On the ITI Banking and Financial Services Fund details page, tap Invest Now.
4. Enter your investment amount under Monthly SIP, select your SIP date, and choose First Payment Now to complete the payment and initiate your SIP.

This simplified process helps you start your SIP quickly and efficiently.

To invest in ITI Banking and Financial Services Fund:

1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for ITI Banking and Financial Services Fund.
3. Open the scheme details and tap Invest Now.
4. Choose One-time Investment, enter the amount, accept the T&C, and click Proceed.
5. Complete the payment via your bank's e-banking page.

Your order will be successfully placed upon payment confirmation.

To automate an SIP in ITI Banking and Financial Services Fund, use the Auto-Invest feature on Kotak Neo. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the ITI Banking and Financial Services Fund automatically, ensuring consistent contributions without manual intervention.

To withdraw or redeem your investment in ITI Banking and Financial Services Fund:

1. Login to the Kotak NEO App and access the Mutual Funds section.
2. Tap Reports on the bottom bar and select Manage SIP.
3. Find the ITI Banking and Financial Services Fund, tap the three dots, and select Stop SIP.
4. Confirm your action, and your SIP will be successfully stopped.

This streamlined process will help you redeem your investment quickly.

NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.

The Net Asset Value of ITI Banking and Financial Services Fund is ₹15.62

AUM means 'asset under management,' which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.

The AUM of ITI Banking and Financial Services Fund is ₹363.5 Cr.

Every mutual fund scheme has a minimum SIP amount, which one may start with.

The minimum SIP amount of ITI Banking and Financial Services Fund is ₹500

As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme's NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.

The Expense Ratio of ITI Banking and Financial Services Fund is 2.34%