Overview
ITI ELSS Tax Saver Fund Direct Growth
ITI Mutual Fund
The Scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities.
Investments in ITI ELSS Tax Saver Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 25.4994
Fund Size (AUM)
₹377.68 Cr
Risk
Moderately High (Risk rating: 4/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹500
Launch Date
18-Oct-2019
Expense Ratio
0.57%
Exit Load
Nil
Benchmark
NIFTY 500 Total Return Index
Standard Deviation
15.44
History
Performance & Ratios
1-Year SIP Return
-21.39%
3-Year SIP Return
15.85%
5-Year SIP Return
17.47%
Mean Return
-
Alpha
5.96
Beta
0.99
Sharpe Ratio
0.89
Sortino Ratio
1.27
Information Ratio
1.22
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 9.42% | 21.8% | 25.96% | 24.16% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 30 | 4 | 17 | N/A |
Holdings (70)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.74% |
| Interglobe Aviation Ltd. | Services | Equity | 3.96% |
| Axis Bank Ltd. | Financial | Equity | 3.29% |
| Aditya Birla Real Estate Ltd. | Consumer Staples | Equity | 3.28% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 3.1% |
| Welspun Corp Ltd. | Metals & Mining | Equity | 2.82% |
| Bajaj Finance Ltd. | Financial | Equity | 2.79% |
| TVS Motor Company Ltd. | Automobile | Equity | 2.77% |
| State Bank of India | Financial | Equity | 2.53% |
| Zaggle Prepaid Ocean Services Ltd. | Technology | Equity | 2.13% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 500
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 14, 21, 28
Min Amount: ₹ 1000
Min Installments: 2
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 7, 14, 21, 28
Min Amount: ₹ 500
Min Installments: 2
AMC Details
Asset Management Company
ITI Mutual Fund
None ITI Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Launch Date
2018-05-14T00:00:00.758Z
Total AUM
₹ 9273.61 Cr
Address
ITI Asset Mangement Limited,ITI House, Building no. 36,Dr. R. K. Shirodkar Marg, Parel, Mumbai 400012
Phone
022-66214999
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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ITI ELSS Tax Saver Fund Direct Growth
ITI Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for ITI ELSS Tax Saver Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of ITI ELSS Tax Saver Fund Direct Growth?
The top stocks held by ITI ELSS Tax Saver Fund Direct Growth include HDFC Bank Ltd., Interglobe Aviation Ltd., Axis Bank Ltd..
Which industries does ITI ELSS Tax Saver Fund Direct Growth invest in?
ITI ELSS Tax Saver Fund Direct Growth primarily invests in the following industries: Financial, Services, Consumer Staples.
Who are the fund managers of ITI ELSS Tax Saver Fund Direct Growth?
The fund managers of ITI ELSS Tax Saver Fund Direct Growth are Dhimant Shah and Alok Ranjan.
How many years has the fund manager been managing ITI ELSS Tax Saver Fund Direct Growth?
Dhimant Shah:
Calculating...
Alok Ranjan:
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What is the minimum investment for ITI ELSS Tax Saver Fund Direct Growth?
The minimum investment for ITI ELSS Tax Saver Fund Direct Growth is ₹500 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for ITI ELSS Tax Saver Fund Direct Growth?
Calculating...
What are the average 3-year returns for ITI ELSS Tax Saver Fund Direct Growth?
Calculating...
What is the expense ratio of ITI ELSS Tax Saver Fund Direct Growth, and how does it compare to its category?
The expense ratio of ITI ELSS Tax Saver Fund Direct Growth is 0.57%. The average expense ratio for similar funds in the Equity is Calculating....