Banking and PSU Debt · Debt

ITI Banking & PSU Debt Fund

ITI Asset Management Limited

Benchmark

CRISIL Banking and PSU Debt A-II Index

Riskometer

Low to Moderate

Size

₹34 cr

Allotted

Not on record

Holdings as of

30 Sep 2026

ITI Banking & PSU Debt Fund is a banking and psu debt fund of ITI Asset Management Limited with ₹34 cr under management. It is ahead of its benchmark (CRISIL Banking and PSU Debt A-II Index) in 3 of 3 periods. Its direct plan charges 0.23% a year. Laukik Bagwe has managed it for 1.7 years.

Has ITI Banking & PSU Debt Fund beaten its benchmark?

Ahead of its benchmark, CRISIL Banking and PSU Debt A-II Index, in 3 of 3 periods in AMFI's figures; +4.49% over the last year against +4.28%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−0.02%	−3.60%	—
3 months	+0.71%	−5.03%	—
6 months	+2.07%	−1.83%	—
1 year	+4.38%	−4.06%	+8.44 pts
3 years	+6.92%	+9.27%	−2.35 pts
5 years	+6.30%	+8.00%	−1.70 pts
10 years	—	+12.69%	—
Since start from 23 Oct 2020	+6.07%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (CRISIL Banking and PSU Debt A-II Index) in 3 of 3 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+4.49%	+3.93%	+4.28%	+0.21	🔒
3y	+6.94%	+6.36%	+6.58%	+0.36	🔒
5y	+6.32%	+5.74%	+5.85%	+0.47	🔒
10y	—	—	—	—	—

Ahead in points a year · its rank among Banking and PSU Debt funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2020 to 14 Oct 2026

Fund 142Nifty 500 TRI 244

₹100 put in at the start of Oct 2020 would be ₹142 on 14 Oct 2026, against ₹244 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does ITI Banking & PSU Debt Fund cost?

0.23% a year on the direct plan, 0.75% on the regular plan.

Direct plan

0.23% a year

Regular plan

0.75% a year

Gap

0.52 points

for the same holdings

Expense report, Oct 2026 · Debt Scheme - Banking and PSU Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages ITI Banking & PSU Debt Fund?

Laukik Bagwe, since 1 Feb 2025.

Laukik Bagwe

Fixed Income

1.7 years

since 1 Feb 2025

Benchmark as filedCRISIL Banking and PSU Debt A-II Index

Exit load

Nil

From 5 Scheme Summary Documents filed with NSE, first on 29 May 2026; as on 29 Sep 2026

What does ITI Banking & PSU Debt Fund hold?

15 holdings as of 30 Sep 2026; the ten largest are 75.7% of the fund, the largest 8.14% Nuclear Power Corporation Of India Limited (25/03/2028) at 8.9%.

Mix

Holdings as of 30 Sep 2026

Equity59.0%Debt22.8%Cash18.2%Other0.0%

Holdings

8 shares

Top ten

75.7%

of the fund

Effective holdings

7.5

spread, as if equal-weighted

Matched to our table

of the equity

Five largest

% of fund

8.14% Nuclear Power Corporation Of India Limited (25/03/2028)8.93%

7.71% REC Limited (26/02/2027)8.85%

7.59% National Housing Bank (08/09/2027)8.85%

7.33% Indian Railway Finance Corporation Limited (27/08/2027)8.82%

7.79% Small Industries Dev Bank of India (19/04/2027)7.38%

Five largest industries

% of fund

CRISIL AAA90.1%

ICRA AAA9.90%

How does ITI Banking & PSU Debt Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is ITI Banking & PSU Debt Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 50: 100% of it differs from the index (an active fund is usually above 60%).

Active share 100.0%60%

Funds that hold much the same

% of holdings in common

ITI Balanced Advantage Fund15.3% the same

8 shared holdings

UNION SHORT TERM FUND9.9% the same

1 shared holdings

Medium Term9.2% the same

1 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages ITI Banking & PSU Debt Fund?

Laukik Bagwe (Fixed Income) since 1 Feb 2025.

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

0.23% a year on the direct plan and 0.75% on the regular plan (expense report, Oct 2026).

How has ITI Banking & PSU Debt Fund done?

Its direct plan returned +6.94% a year over 3 years against +6.58% for its benchmark, CRISIL Banking and PSU Debt A-II Index, as of 13 Oct 2026.