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Fund Overview

Fund Size

Fund Size

₹325 Cr

Expense Ratio

Expense Ratio

0.48%

ISIN

ISIN

INF00XX01390

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

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, 7 months and 9 days, having been launched on 18-Oct-19.
As of 24-May-24, it has a Net Asset Value (NAV) of ₹25.33, 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 22.39% 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

+60.56%

+39.29% (Cat Avg.)

3 Years

+20.94%

+19.53% (Cat Avg.)

Since Inception

+22.39%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity320.38 Cr98.54%
Others4.75 Cr1.46%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
State Bank of IndiaEquity16.96 Cr5.22%
Bharti Airtel Ltd (Partly Paid Rs.1.25)Equity16.26 Cr5.00%
Zomato LtdEquity15.95 Cr4.91%
Trent LtdEquity11.4 Cr3.51%
Bharti Airtel LtdEquity11.21 Cr3.45%
InterGlobe Aviation LtdEquity10.31 Cr3.17%
Cholamandalam Investment and Finance Co LtdEquity9.51 Cr2.93%
Larsen & Toubro LtdEquity8.97 Cr2.76%
ICICI Bank LtdEquity8.94 Cr2.75%
TVS Motor Co LtdEquity8.91 Cr2.74%
Arvind LtdEquity8.62 Cr2.65%
Sobha LtdEquity8.05 Cr2.48%
NTPC LtdEquity7.31 Cr2.25%
Axis Bank LtdEquity7.3 Cr2.24%
Tata Consultancy Services LtdEquity7.25 Cr2.23%
Century Textiles & Industries LtdEquity7.2 Cr2.22%
Oil & Natural Gas Corp LtdEquity7.04 Cr2.16%
Jana Small Finance Bank LtdEquity6.72 Cr2.07%
KEI Industries LtdEquity6.45 Cr1.98%
Coforge LtdEquity6.02 Cr1.85%
SRF LtdEquity5.79 Cr1.78%
Phoenix Mills LtdEquity5.72 Cr1.76%
Ceat LtdEquity5.59 Cr1.72%
Tata Motors LtdEquity5.32 Cr1.64%
Sterling and Wilson Renewable Energy LtdEquity5.25 Cr1.61%
Muthoot Finance LtdEquity5.25 Cr1.61%
Hindustan Aeronautics Ltd Ordinary SharesEquity4.93 Cr1.51%
Updater Services LtdEquity4.87 Cr1.50%
Vodafone Idea LtdEquity4.82 Cr1.48%
Net Receivables / (Payables)Cash4.75 Cr1.46%
HDFC Bank LtdEquity4.58 Cr1.41%
KPIT Technologies LtdEquity4.51 Cr1.39%
ITC LtdEquity4.5 Cr1.38%
Reliance Industries LtdEquity4.49 Cr1.38%
Nava LtdEquity4.23 Cr1.30%
Finolex Cables LtdEquity4.11 Cr1.26%
Titan Co LtdEquity4.1 Cr1.26%
Finolex Industries LtdEquity3.96 Cr1.22%
Pidilite Industries LtdEquity3.93 Cr1.21%
NLC India LtdEquity3.64 Cr1.12%
IndusInd Bank LtdEquity3.62 Cr1.11%
Bharat Dynamics Ltd Ordinary SharesEquity3.56 Cr1.09%
Bharat Electronics LtdEquity3.51 Cr1.08%
Graphite India LtdEquity3.07 Cr0.94%
CreditAccess Grameen Ltd Ordinary SharesEquity3.06 Cr0.94%
TVS Srichakra LtdEquity3.05 Cr0.94%
Max Financial Services LtdEquity2.91 Cr0.89%
DLF LtdEquity2.78 Cr0.85%
Indus Towers Ltd Ordinary SharesEquity2.58 Cr0.79%
GlaxoSmithKline Pharmaceuticals LtdEquity1.88 Cr0.58%
Indiabulls Housing Finance Ltd Ordinary Shares (Partly Paid Rs.0.67)Equity1.76 Cr0.54%
Steel Authority Of India LtdEquity1.64 Cr0.51%
Jindal Stainless LtdEquity1.55 Cr0.48%
Tega Industries LtdEquity1.32 Cr0.41%
Nitin Spinners LtdEquity1.27 Cr0.39%
Prince Pipes And Fittings Ltd Ordinary SharesEquity1.26 Cr0.39%
Tech Mahindra LtdEquity0.85 Cr0.26%
eClerx Services LtdEquity0.76 Cr0.23%

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

SectorAmount sortHoldings sort
Financial Services70.6 Cr21.71%
Consumer Cyclical64.21 Cr19.75%
Industrials60.55 Cr18.62%
Communication Services34.87 Cr10.72%
Technology24.64 Cr7.58%
Basic Materials20.11 Cr6.19%
Real Estate16.55 Cr5.09%
Energy11.53 Cr3.55%
Utilities10.94 Cr3.37%
Consumer Defensive4.5 Cr1.38%
Healthcare1.88 Cr0.58%

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

Dhimant Shah

Since December 2022

VJ

Vishal Jajoo

Since May 2023

Additional Scheme Detailsas of 30th April 2024

ISININF00XX01390Expense Ratio0.48%Exit LoadNo ChargesFund Size₹325 CrAge18 Oct 2019Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkNifty 500 TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4196.77 Cr36.6%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4196.77 Cr35.1%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35641.94 Cr30.5%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3360.61 Cr33.0%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹3360.61 Cr31.6%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹49.62 Cr45.4%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹49.62 Cr43.1%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹325.14 Cr60.6%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹325.14 Cr57.7%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1602.76 Cr28.3%

About the AMC

Total AUM

₹6,817 Cr

Address

Mumbai, 400013

Other Funds by ITI Mutual Fund

Fund nameExpense RatioExit LoadFund 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%₹39.91 Cr7.0%
ITI Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹156.24 Cr7.4%
ITI Multi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹1122.52 Cr60.0%
ITI Value Fund Direct Growth

Very High Risk

0.5%1.0%₹218.04 Cr57.1%
ITI Conservative Hybrid Fund Direct Growth

Moderate Risk

0.2%0.0%₹14.80 Cr8.9%
ITI Dynamic Bond Fund Direct Growth

Moderate Risk

0.1%0.0%₹37.39 Cr8.0%
ITI Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹353.06 Cr28.0%
ITI Small Cap Fund Direct Growth

Very High Risk

0.2%1.0%₹1937.79 Cr72.3%
ITI Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹296.94 Cr43.9%
ITI Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.1%0.0%₹30.26 Cr7.5%
ITI Banking and Financial Services Fund Direct Growth

Very High Risk

0.4%1.0%₹267.94 Cr20.0%
ITI Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹26.27 Cr8.2%
ITI Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹211.77 Cr6.6%
ITI Mid Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹820.00 Cr77.1%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹325.14 Cr60.6%
ITI Pharma and Healthcare Fund Direct Growth

Very High Risk

0.4%1.0%₹161.86 Cr45.4%
ITI Flexi Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹937.99 Cr55.1%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of ITI Long Term Equity Fund Direct Growth, as of 24-May-2024, is ₹25.33.
The fund has generated 60.56% over the last 1 year and 20.94% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
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.
The fund managers responsible for ITI Long Term Equity Fund Direct Growth are:-
  1. Dhimant Shah
  2. Vishal Jajoo