ITI Banking and Financial Services Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Equity Holding : 97.39% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.39%

No of Stocks : 34 (Category Avg - 44.17) | Large Cap Investments : 38.84%| Mid Cap Investments : 13.71% | Small Cap Investments : 6.39% | Other : 38.45%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	34	43.41
Top 5 Stock Weight	54.46%	32.46%
Top 10 Stock Weight	68.48%	49.59%
Top 3 Sector Weight	74.67%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	91148.15	72450.77
Holdings in large cap stocks	38.84%	37.14%
Holdings in mid cap stocks	13.71%	14.47%
Holdings in small cap stocks	6.39%	13.1%

Category - Sectoral/Thematic

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	668.4	20.06%	-2.43%	25.32% (Feb 2025)	20.06% (Oct 2025)	6.77 L	-0.59 L
ICICI Bank Ltd.	Private sector bank	327.9	9.84%	-0.72%	15.62% (Mar 2025)	9.84% (Oct 2025)	2.44 L	0.00
State Bank Of India	Public sector bank	294.1	8.83%	0.10%	8.83% (Oct 2025)	6.41% (Jan 2025)	3.14 L	2.80 k
Axis Bank Ltd.	Private sector bank	278.4	8.35%	0.13%	8.86% (Apr 2025)	6.13% (Jan 2025)	2.26 L	0.00
Kotak Mahindra Bank Ltd.	Private sector bank	246	7.38%	1.89%	8.01% (Mar 2025)	3.52% (Jun 2025)	1.17 L	31.40 k
Bajaj Finance Ltd.	Non banking financial company (nbfc)	164.2	4.93%	-1.68%	6.61% (Sep 2025)	4.15% (Nov 2024)	1.57 L	-0.48 L
# Shriram Finance Ltd.	Non banking financial company (nbfc)	96.8	2.90%	2.90%	2.9% (Oct 2025)	0% (Nov 2024)	1.29 L	1.29 L
# SBI Life Insurance Co Ltd.	Life insurance	79.7	2.39%	2.39%	2.39% (Oct 2025)	0% (Nov 2024)	40.74 k	40.74 k
One 97 Communications Ltd.	Financial technology (fintech)	66.2	1.99%	0.48%	1.99% (Oct 2025)	0% (Nov 2024)	50.80 k	8.90 k
Aptus Value Housing Finance India Ltd.	Housing finance company	60.4	1.81%	0.02%	1.81% (Oct 2025)	0% (Nov 2024)	1.90 L	15.75 k

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	50.81	668.4	20.06%	-2.43%	25.32% (Feb 2025)	20.06% (Oct 2025)	6.77 L	-0.59 L	Other	38.45
ICICI Bank Ltd.	Private sector bank	50.81	327.9	9.84%	-0.72%	15.62% (Mar 2025)	9.84% (Oct 2025)	2.44 L	0.00	Large Cap	38.84
State Bank Of India	Public sector bank	12.13	294.1	8.83%	0.10%	8.83% (Oct 2025)	6.41% (Jan 2025)	3.14 L	2.80 k	Large Cap	38.84
Axis Bank Ltd.	Private sector bank	50.81	278.4	8.35%	0.13%	8.86% (Apr 2025)	6.13% (Jan 2025)	2.26 L	0.00	Large Cap	38.84
Kotak Mahindra Bank Ltd.	Private sector bank	50.81	246	7.38%	1.89%	8.01% (Mar 2025)	3.52% (Jun 2025)	1.17 L	31.40 k	Large Cap	38.84
Bajaj Finance Ltd.	Non banking financial company (nbfc)	11.73	164.2	4.93%	-1.68%	6.61% (Sep 2025)	4.15% (Nov 2024)	1.57 L	-0.48 L	Other	38.45
# Shriram Finance Ltd.	Non banking financial company (nbfc)	11.73	96.8	2.90%	2.90%	2.9% (Oct 2025)	0% (Nov 2024)	1.29 L	1.29 L	Other	38.45
# SBI Life Insurance Co Ltd.	Life insurance	5.17	79.7	2.39%	2.39%	2.39% (Oct 2025)	0% (Nov 2024)	40.74 k	40.74 k	Large Cap	38.84
One 97 Communications Ltd.	Financial technology (fintech)	3.56	66.2	1.99%	0.48%	1.99% (Oct 2025)	0% (Nov 2024)	50.80 k	8.90 k	Other	38.45
Aptus Value Housing Finance India Ltd.	Housing finance company	4.36	60.4	1.81%	0.02%	1.81% (Oct 2025)	0% (Nov 2024)	1.90 L	15.75 k	Other	38.45
Aditya Birla Capital Ltd.	Life insurance	5.17	59.3	1.78%	0.25%	1.78% (Oct 2025)	0% (Nov 2024)	1.83 L	19.94 k	Mid Cap	13.71
IIFL Finance Ltd.	Non banking financial company (nbfc)	11.73	57.7	1.73%	0.23%	1.73% (Oct 2025)	0% (Nov 2024)	1.08 L	4.44 k	Small Cap	6.39
# PB Fintech Ltd.	Financial technology (fintech)	3.56	52.2	1.57%	1.57%	1.57% (Oct 2025)	0% (Nov 2024)	29.23 k	29.23 k	Other	38.45
Nippon Life India Asset Management Ltd.	Asset management company	1.54	51.2	1.54%	0.05%	1.54% (Oct 2025)	0% (Nov 2024)	58.50 k	4.95 k	Mid Cap	13.71
PNB Housing Finance Ltd.	Housing finance company	4.36	50.3	1.51%	-0.44%	2.13% (May 2025)	0.74% (Nov 2024)	54.15 k	-0.16 L	Mid Cap	13.71
# BSE Ltd.	Exchange and data platform	1.5	50	1.50%	1.50%	1.5% (Oct 2025)	0% (Nov 2024)	20.15 k	20.15 k	Small Cap	6.39
City Union Bank Ltd.	Private sector bank	50.81	49.7	1.49%	-0.01%	1.5% (Sep 2025)	0% (Nov 2024)	2.17 L	-0.56 k	Mid Cap	13.71
IDFC First Bank Ltd.	Private sector bank	50.81	47.3	1.42%	0.43%	1.42% (Oct 2025)	0% (Nov 2024)	5.79 L	1.38 L	Mid Cap	13.71
# Federal Bank Ltd.	Private sector bank	50.81	42.4	1.27%	1.27%	1.27% (Oct 2025)	0% (Nov 2024)	1.79 L	1.79 L	Mid Cap	13.71
Canara Bank	Public sector bank	12.13	41.7	1.25%	0.24%	1.25% (Oct 2025)	0% (Nov 2024)	3.04 L	50.00 k	Other	38.45
Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	11.73	40.1	1.20%	-0.05%	2.25% (Dec 2024)	0% (Nov 2024)	12.60 k	0.00	Mid Cap	13.71
Motilal Oswal Financial Services Ltd.	Stockbroking & allied	2.06	37.1	1.11%	-0.03%	1.14% (Sep 2025)	0% (Nov 2024)	37.98 k	-1.72 k	Small Cap	6.39
# Can Fin Homes Ltd.	Housing finance company	4.36	34.8	1.04%	1.04%	1.42% (Feb 2025)	0% (Nov 2024)	40.10 k	40.10 k	Small Cap	6.39
Punjab National Bank	Public sector bank	12.13	34.4	1.03%	0.01%	1.03% (Oct 2025)	0% (Nov 2024)	2.80 L	0.00	Large Cap	38.84
Bank Of Baroda	Public sector bank	12.13	34.1	1.02%	-0.25%	1.27% (Sep 2025)	0% (Nov 2024)	1.23 L	-0.30 L	Large Cap	38.84
GO Digit General Insurance Ltd.	General insurance	1.02	33.9	1.02%	0.03%	1.02% (Oct 2025)	0% (Nov 2024)	94.50 k	5.50 k	Other	38.45
Housing & Urban Development Corporation Ltd.	Financial institution	1.01	33.6	1.01%	-0.01%	1.12% (Jan 2025)	0% (Nov 2024)	1.42 L	0.00	Small Cap	6.39
- Max Financial Services Ltd.	Life insurance	5.17	33.3	1.00%	0.00%	1.84% (Nov 2024)	0% (Nov 2024)	21.50 k	1.75 k	Mid Cap	13.71
RBL Bank Ltd.	Private sector bank	50.81	33.2	1.00%	-0.52%	2.16% (Aug 2025)	0% (Nov 2024)	1.02 L	-0.69 L	Mid Cap	13.71
Ujjivan Small Finance Bank Ltd.	Other bank	1	33.2	1.00%	-0.01%	1.02% (Jul 2025)	0% (Nov 2024)	6.41 L	-0.40 L	Other	38.45
# Bajaj Finserv Ltd	Holding company	0.97	32.4	0.97%	0.97%	2.68% (Feb 2025)	0% (Nov 2024)	15.50 k	15.50 k	Other	38.45
Mahindra & Mahindra Financial Services Ltd.	Non banking financial company (nbfc)	11.73	32.3	0.97%	-0.01%	1.78% (Jan 2025)	0% (Nov 2024)	1.02 L	-8.80 k	Mid Cap	13.71
Anand Rathi Share & Stock Brokers Ltd.	Stockbroking & allied	2.06	31.6	0.95%	-0.01%	0.96% (Sep 2025)	0% (Nov 2024)	62.00 k	-5.00 k	Other	38.45
L&T Finance Holdings Ltd.	Investment company	0.53	17.6	0.53%	-0.88%	1.98% (Dec 2024)	0.53% (Oct 2025)	65.00 k	-1.11 L	Mid Cap	13.71
South Indian Bank Ltd.	Private sector bank	50.81	30.2	0.00%	-0.97%	-	-	-	-	Small Cap	6.39
CSB Bank Ltd.	Private sector bank	50.81	32.9	0.00%	-1.06%	-	-	-	-	Other	38.45
KFIN Technologies Ltd.	Financial technology (fintech)	3.56	30.1	0.00%	-0.97%	-	-	-	-	Other	38.45
HDFC Life Insurance Company Ltd.	Life insurance	5.17	70.8	0.00%	-2.28%	-	-	-	-	Large Cap	38.84
Indian Bank	Public sector bank	12.13	31.8	0.00%	-1.02%	-	-	-	-	Mid Cap	13.71
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	11.73	33.3	0.00%	-1.07%	-	-	-	-	Other	38.45
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1.5	31.2	0.00%	-1.00%	-	-	-	-	Small Cap	6.39
Home First Finance Company India Ltd.	Housing finance company	4.36	31.6	0.00%	-1.02%	-	-	-	-	Other	38.45

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Can Fin Homes Ltd.	Housing finance company	34.8	1.04%	1.04%	1.42% (Feb 2025)	0% (Nov 2024)	40.10 k	40100
# PB Fintech Ltd.	Financial technology (fintech)	52.2	1.57%	1.57%	1.57% (Oct 2025)	0% (Nov 2024)	29.23 k	29231
# Shriram Finance Ltd.	Non banking financial company (nbfc)	96.8	2.90%	2.90%	2.9% (Oct 2025)	0% (Nov 2024)	1.29 L	129200
# Federal Bank Ltd.	Private sector bank	42.4	1.27%	1.27%	1.27% (Oct 2025)	0% (Nov 2024)	1.79 L	179204
# Bajaj Finserv Ltd	Holding company	32.4	0.97%	0.97%	2.68% (Feb 2025)	0% (Nov 2024)	15.50 k	15500
# BSE Ltd.	Exchange and data platform	50	1.50%	1.50%	1.5% (Oct 2025)	0% (Nov 2024)	20.15 k	20150
# SBI Life Insurance Co Ltd.	Life insurance	79.7	2.39%	2.39%	2.39% (Oct 2025)	0% (Nov 2024)	40.74 k	40739

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
South Indian Bank Ltd.	Private sector bank	30.2	0.00%	-0.97%	1.01% (Aug 2025)	0% (Nov 2024)	-1042000
CSB Bank Ltd.	Private sector bank	32.9	0.00%	-1.06%	1.06% (Sep 2025)	0% (Nov 2024)	-88421
KFIN Technologies Ltd.	Financial technology (fintech)	30.1	0.00%	-0.97%	1% (Jul 2025)	0% (Nov 2024)	-28650
HDFC Life Insurance Company Ltd.	Life insurance	70.8	0.00%	-2.28%	2.78% (Aug 2025)	0% (Nov 2024)	-93607
Indian Bank	Public sector bank	31.8	0.00%	-1.02%	1.02% (Sep 2025)	0% (Nov 2024)	-42300
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	33.3	0.00%	-1.07%	1.07% (Sep 2025)	0% (Nov 2024)	-38000
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	31.2	0.00%	-1.00%	1.2% (Jan 2025)	0% (Nov 2024)	-4000
Home First Finance Company India Ltd.	Housing finance company	31.6	0.00%	-1.02%	1.42% (Aug 2025)	0% (Nov 2024)	-26017

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
HDFC Bank Ltd.	20.06%	22.49%	24.22%	25.01%	24.17%	23.38%	23.61%	23.72%	25.32%	24.47%	20.19%	20.19%	20.74%
ICICI Bank Ltd.	9.84%	10.56%	11.29%	11.65%	11.08%	13.48%	15.43%	15.62%	13.86%	14.49%	14.19%	14.21%	14.31%
Axis Bank Ltd.	8.35%	8.22%	7.45%	7.42%	8.34%	8.84%	8.86%	6.81%	6.67%	6.13%	6.16%	7.54%	7.80%
State Bank Of India	8.83%	8.73%	7.45%	7.20%	7.23%	7.43%	7.16%	6.92%	6.74%	6.41%	6.53%	6.80%	6.74%
Kotak Mahindra Bank Ltd.	7.38%	5.49%	7.24%	6.91%	3.52%	4.51%	7.39%	8.01%	7.48%	7.30%	6.98%	6.81%	6.76%
Bajaj Finance Ltd.	4.93%	6.61%	4.24%	4.56%	5.60%	5.76%	5.09%	5.71%	6.14%	5.19%	4.36%	4.15%	4.40%
ICICI Securities Ltd.	-	-	-	-	-	-	-	-	1.98%	1.99%	2.04%	2.06%	2.07%
HDFC Life Insurance Company Ltd.	-	2.28%	2.78%	2.20%	2.52%	2.09%	2.23%	1.74%	1.71%	1.76%	1.49%	1.57%	1.74%
Bajaj Finserv Ltd	0.97%	-	-	1.62%	1.87%	2.41%	2.61%	2.60%	2.68%	2.43%	1.05%	1.05%	1.17%
Muthoot Finance Pvt. Ltd.	1.20%	1.25%	-	-	-	-	-	1.58%	1.76%	2.19%	2.25%	1.99%	2.03%
Cholamandalam Investment & Finance Co. Ltd.	-	-	0.47%	-	-	1.80%	1.40%	2.02%	2.06%	1.95%	1.78%	1.83%	1.91%
Shriram Finance Ltd.	2.90%	-	0.83%	0.93%	2.64%	1.88%	1.43%	1.35%	1.61%	1.58%	1.56%	1.61%	1.69%
One 97 Communications Ltd.	1.99%	1.51%	-	-	-	0.93%	-	-	-	-	1.78%	1.56%	2.21%
Power Finance Corporation Ltd.	-	-	-	-	1.80%	-	1.05%	1.53%	1.49%	1.68%	1.67%	1.82%	1.70%
Nippon Life India Asset Management Ltd.	1.54%	1.49%	1.47%	-	-	-	-	-	-	-	-	-	-