ITI Long Term Equity Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (17-May-24)
₹24.851.21%1D
Returns (Since Inception)
21.98%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹325 Cr
Expense Ratio
0.48%
ISIN
INF00XX01390
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
18 Oct 2019
About this fund
ITI Long Term Equity Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 4 years and 7 months, having been launched on 18-Oct-19.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹24.85, Assets Under Management (AUM) of 325.14 Crores, and an expense ratio of 0.48%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹24.85, Assets Under Management (AUM) of 325.14 Crores, and an expense ratio of 0.48%.
- ITI Long Term Equity Fund Direct Growth has given a CAGR return of 21.98% since inception.
- The fund's asset allocation comprises around 98.54% in equities, 0.00% in debts, and 1.46% in cash & cash equivalents.
- You can start investing in ITI Long Term Equity Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+57.97%
+36.06% (Cat Avg.)
3 Years
+21.70%
+20.13% (Cat Avg.)
Since Inception
+21.98%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹320.38 Cr | 98.54% |
| Others | ₹4.75 Cr | 1.46% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| State Bank of India | Equity | ₹16.96 Cr | 5.22% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹16.26 Cr | 5.00% |
| Zomato Ltd | Equity | ₹15.95 Cr | 4.91% |
| Trent Ltd | Equity | ₹11.4 Cr | 3.51% |
| Bharti Airtel Ltd | Equity | ₹11.21 Cr | 3.45% |
| InterGlobe Aviation Ltd | Equity | ₹10.31 Cr | 3.17% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹9.51 Cr | 2.93% |
| Larsen & Toubro Ltd | Equity | ₹8.97 Cr | 2.76% |
| ICICI Bank Ltd | Equity | ₹8.94 Cr | 2.75% |
| TVS Motor Co Ltd | Equity | ₹8.91 Cr | 2.74% |
| Arvind Ltd | Equity | ₹8.62 Cr | 2.65% |
| Sobha Ltd | Equity | ₹8.05 Cr | 2.48% |
| NTPC Ltd | Equity | ₹7.31 Cr | 2.25% |
| Axis Bank Ltd | Equity | ₹7.3 Cr | 2.24% |
| Tata Consultancy Services Ltd | Equity | ₹7.25 Cr | 2.23% |
| Century Textiles & Industries Ltd | Equity | ₹7.2 Cr | 2.22% |
| Oil & Natural Gas Corp Ltd | Equity | ₹7.04 Cr | 2.16% |
| Jana Small Finance Bank Ltd | Equity | ₹6.72 Cr | 2.07% |
| KEI Industries Ltd | Equity | ₹6.45 Cr | 1.98% |
| Coforge Ltd | Equity | ₹6.02 Cr | 1.85% |
| SRF Ltd | Equity | ₹5.79 Cr | 1.78% |
| Phoenix Mills Ltd | Equity | ₹5.72 Cr | 1.76% |
| Ceat Ltd | Equity | ₹5.59 Cr | 1.72% |
| Tata Motors Ltd | Equity | ₹5.32 Cr | 1.64% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹5.25 Cr | 1.61% |
| Muthoot Finance Ltd | Equity | ₹5.25 Cr | 1.61% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹4.93 Cr | 1.51% |
| Updater Services Ltd | Equity | ₹4.87 Cr | 1.50% |
| Vodafone Idea Ltd | Equity | ₹4.82 Cr | 1.48% |
| Net Receivables / (Payables) | Cash | ₹4.75 Cr | 1.46% |
| HDFC Bank Ltd | Equity | ₹4.58 Cr | 1.41% |
| KPIT Technologies Ltd | Equity | ₹4.51 Cr | 1.39% |
| ITC Ltd | Equity | ₹4.5 Cr | 1.38% |
| Reliance Industries Ltd | Equity | ₹4.49 Cr | 1.38% |
| Nava Ltd | Equity | ₹4.23 Cr | 1.30% |
| Finolex Cables Ltd | Equity | ₹4.11 Cr | 1.26% |
| Titan Co Ltd | Equity | ₹4.1 Cr | 1.26% |
| Finolex Industries Ltd | Equity | ₹3.96 Cr | 1.22% |
| Pidilite Industries Ltd | Equity | ₹3.93 Cr | 1.21% |
| NLC India Ltd | Equity | ₹3.64 Cr | 1.12% |
| IndusInd Bank Ltd | Equity | ₹3.62 Cr | 1.11% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹3.56 Cr | 1.09% |
| Bharat Electronics Ltd | Equity | ₹3.51 Cr | 1.08% |
| Graphite India Ltd | Equity | ₹3.07 Cr | 0.94% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹3.06 Cr | 0.94% |
| TVS Srichakra Ltd | Equity | ₹3.05 Cr | 0.94% |
| Max Financial Services Ltd | Equity | ₹2.91 Cr | 0.89% |
| DLF Ltd | Equity | ₹2.78 Cr | 0.85% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.58 Cr | 0.79% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹1.88 Cr | 0.58% |
| Indiabulls Housing Finance Ltd Ordinary Shares (Partly Paid Rs.0.67) | Equity | ₹1.76 Cr | 0.54% |
| Steel Authority Of India Ltd | Equity | ₹1.64 Cr | 0.51% |
| Jindal Stainless Ltd | Equity | ₹1.55 Cr | 0.48% |
| Tega Industries Ltd | Equity | ₹1.32 Cr | 0.41% |
| Nitin Spinners Ltd | Equity | ₹1.27 Cr | 0.39% |
| Prince Pipes And Fittings Ltd Ordinary Shares | Equity | ₹1.26 Cr | 0.39% |
| Tech Mahindra Ltd | Equity | ₹0.85 Cr | 0.26% |
| eClerx Services Ltd | Equity | ₹0.76 Cr | 0.23% |
Allocation By Market Cap (Equity)
Large Cap Stocks
60.19%
Mid Cap Stocks
14.50%
Small Cap Stocks
23.84%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹70.6 Cr | 21.71% |
| Consumer Cyclical | ₹64.21 Cr | 19.75% |
| Industrials | ₹60.55 Cr | 18.62% |
| Communication Services | ₹34.87 Cr | 10.72% |
| Technology | ₹24.64 Cr | 7.58% |
| Basic Materials | ₹20.11 Cr | 6.19% |
| Real Estate | ₹16.55 Cr | 5.09% |
| Energy | ₹11.53 Cr | 3.55% |
| Utilities | ₹10.94 Cr | 3.37% |
| Consumer Defensive | ₹4.5 Cr | 1.38% |
| Healthcare | ₹1.88 Cr | 0.58% |
Risk & Performance Ratios
Standard Deviation
This fund
13.10%
Cat. avg.
12.86%
Lower the better
Sharpe Ratio
This fund
1.20
Cat. avg.
1.10
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
Dhimant Shah
Since December 2022
VJ
Vishal Jajoo
Since May 2023
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF00XX01390 | Expense Ratio | 0.48% | Exit Load | No Charges | Fund Size | ₹325 Cr | Age | 18 Oct 2019 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4196.77 Cr | 33.7% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4196.77 Cr | 32.2% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹35641.94 Cr | 30.8% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹3360.61 Cr | 33.3% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹3360.61 Cr | 31.8% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹49.62 Cr | 41.2% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹49.62 Cr | 38.9% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹325.14 Cr | 58.0% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹325.14 Cr | 55.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1602.76 Cr | 26.6% |
About the AMC
Other Funds by ITI Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| ITI Focused Equity Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹374.57 Cr | - |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹38.22 Cr | 7.0% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹158.44 Cr | 7.4% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1122.52 Cr | 56.9% |
| ITI Value Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹218.04 Cr | 53.6% |
| ITI Conservative Hybrid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹14.80 Cr | 8.9% |
| ITI Dynamic Bond Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹36.88 Cr | 7.6% |
| ITI Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹353.06 Cr | 26.7% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.2% | 1.0% | ₹1937.79 Cr | 70.1% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹296.94 Cr | 40.7% |
| ITI Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹30.05 Cr | 7.3% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹267.94 Cr | 18.8% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹26.27 Cr | 8.4% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹211.77 Cr | 6.6% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹820.00 Cr | 72.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹325.14 Cr | 58.0% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹161.86 Cr | 48.4% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹937.99 Cr | 52.7% |
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of ITI Long Term Equity Fund Direct Growth?
The NAV of ITI Long Term Equity Fund Direct Growth, as of 17-May-2024, is ₹24.85.
What are the returns of ITI Long Term Equity Fund Direct Growth?
The fund has generated 57.97% over the last 1 year and 21.70% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of ITI Long Term Equity Fund Direct Growth?
The fund's allocation of assets is distributed as 98.54% in equities, 0.00% in bonds, and 1.46% in cash and cash equivalents.
Who manages the ITI Long Term Equity Fund Direct Growth?
The fund managers responsible for ITI Long Term Equity Fund Direct Growth are:-
- Dhimant Shah
- Vishal Jajoo
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.