Fund Overview
Fund Size
₹820 Cr
Expense Ratio
0.43%
ISIN
INF00XX01929
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
10 Mar 2021
About this fund
ITI Mid Cap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 3 years, 2 months and 10 days, having been launched on 10-Mar-21.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹21.26, Assets Under Management (AUM) of 820.00 Crores, and an expense ratio of 0.43%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹21.26, Assets Under Management (AUM) of 820.00 Crores, and an expense ratio of 0.43%.
- ITI Mid Cap Fund Direct Growth has given a CAGR return of 26.72% since inception.
- The fund's asset allocation comprises around 95.90% in equities, 0.36% in debts, and 3.74% in cash & cash equivalents.
- You can start investing in ITI Mid Cap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
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
+72.25%
+52.83% (Cat Avg.)
3 Years
+27.79%
+25.58% (Cat Avg.)
Since Inception
+26.72%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹786.35 Cr | 95.90% |
| Debt | ₹2.95 Cr | 0.36% |
| Others | ₹30.7 Cr | 3.74% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Solar Industries India Ltd | Equity | ₹24.93 Cr | 3.04% |
| Bank of India | Equity | ₹21.95 Cr | 2.68% |
| Net Receivables / (Payables) | Cash | ₹20.85 Cr | 2.54% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹20.78 Cr | 2.53% |
| SJVN Ltd | Equity | ₹17.46 Cr | 2.13% |
| REC Ltd | Equity | ₹16.68 Cr | 2.03% |
| Sundaram Finance Ltd | Equity | ₹16.29 Cr | 1.99% |
| Indian Bank | Equity | ₹15.62 Cr | 1.90% |
| Lupin Ltd | Equity | ₹14.89 Cr | 1.82% |
| ABB India Ltd | Equity | ₹14.42 Cr | 1.76% |
| NHPC Ltd | Equity | ₹14.31 Cr | 1.75% |
| Bharat Heavy Electricals Ltd | Equity | ₹14.19 Cr | 1.73% |
| The Federal Bank Ltd | Equity | ₹14.15 Cr | 1.73% |
| Cummins India Ltd | Equity | ₹13.99 Cr | 1.71% |
| Jindal Stainless Ltd | Equity | ₹13.97 Cr | 1.70% |
| Samvardhana Motherson International Ltd | Equity | ₹13.66 Cr | 1.67% |
| Timken India Ltd | Equity | ₹13.12 Cr | 1.60% |
| Phoenix Mills Ltd | Equity | ₹13.06 Cr | 1.59% |
| Bank of Maharashtra | Equity | ₹13.06 Cr | 1.59% |
| Suzlon Energy Ltd | Equity | ₹12.6 Cr | 1.54% |
| Oil India Ltd | Equity | ₹12.27 Cr | 1.50% |
| Bharat Electronics Ltd | Equity | ₹12.2 Cr | 1.49% |
| Persistent Systems Ltd | Equity | ₹11.98 Cr | 1.46% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹11.93 Cr | 1.45% |
| Vodafone Idea Ltd | Equity | ₹11.79 Cr | 1.44% |
| Union Bank of India | Equity | ₹11.78 Cr | 1.44% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹11.42 Cr | 1.39% |
| KPIT Technologies Ltd | Equity | ₹11.05 Cr | 1.35% |
| Honeywell Automation India Ltd | Equity | ₹10.95 Cr | 1.34% |
| Steel Authority Of India Ltd | Equity | ₹10.93 Cr | 1.33% |
| Power Finance Corp Ltd | Equity | ₹10.92 Cr | 1.33% |
| Muthoot Finance Ltd | Equity | ₹10.88 Cr | 1.33% |
| Bosch Ltd | Equity | ₹10.36 Cr | 1.26% |
| Syngene International Ltd | Equity | ₹10.29 Cr | 1.25% |
| Zomato Ltd | Equity | ₹10.21 Cr | 1.24% |
| Dalmia Bharat Ltd | Equity | ₹10.14 Cr | 1.24% |
| Schaeffler India Ltd | Equity | ₹10.14 Cr | 1.24% |
| NTPC Ltd | Equity | ₹9.95 Cr | 1.21% |
| Jyoti CNC Automation Ltd | Equity | ₹9.62 Cr | 1.17% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹9.37 Cr | 1.14% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹9.25 Cr | 1.13% |
| NMDC Ltd | Equity | ₹9.14 Cr | 1.11% |
| Gland Pharma Ltd | Equity | ₹9.13 Cr | 1.11% |
| Prestige Estates Projects Ltd | Equity | ₹9.02 Cr | 1.10% |
| Page Industries Ltd | Equity | ₹8.92 Cr | 1.09% |
| Hindustan Petroleum Corp Ltd | Equity | ₹8.74 Cr | 1.07% |
| JSW Energy Ltd | Equity | ₹8.62 Cr | 1.05% |
| Coforge Ltd | Equity | ₹8.59 Cr | 1.05% |
| Treps 02-May-2024 | Cash - Repurchase Agreement | ₹8.46 Cr | 1.03% |
| Trent Ltd | Equity | ₹8.45 Cr | 1.03% |
| Tata Communications Ltd | Equity | ₹8.31 Cr | 1.01% |
| AIA Engineering Ltd | Equity | ₹8.26 Cr | 1.01% |
| Westlife Foodworld Ltd | Equity | ₹8.2 Cr | 1.00% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹8.14 Cr | 0.99% |
| Popular Vehicles and Services Ltd | Equity | ₹8.13 Cr | 0.99% |
| Brigade Enterprises Ltd | Equity | ₹8.12 Cr | 0.99% |
| Mphasis Ltd | Equity | ₹8.07 Cr | 0.98% |
| National Aluminium Co Ltd | Equity | ₹8.05 Cr | 0.98% |
| Astral Ltd | Equity | ₹7.91 Cr | 0.96% |
| Shriram Finance Ltd | Equity | ₹7.69 Cr | 0.94% |
| Container Corporation of India Ltd | Equity | ₹7.53 Cr | 0.92% |
| Max Financial Services Ltd | Equity | ₹7.22 Cr | 0.88% |
| Jupiter Wagons Ltd | Equity | ₹7.15 Cr | 0.87% |
| Emami Ltd | Equity | ₹7.14 Cr | 0.87% |
| Mankind Pharma Ltd | Equity | ₹7.14 Cr | 0.87% |
| JSW Steel Ltd | Equity | ₹6.99 Cr | 0.85% |
| IRCON International Ltd | Equity | ₹6.94 Cr | 0.85% |
| TVS Motor Co Ltd | Equity | ₹6.92 Cr | 0.84% |
| Man Industries (India) Ltd | Equity | ₹6.58 Cr | 0.80% |
| Housing & Urban Development Corp Ltd | Equity | ₹6.39 Cr | 0.78% |
| Thomas Cook India Ltd | Equity | ₹6.26 Cr | 0.76% |
| Inox Wind Ltd | Equity | ₹6.26 Cr | 0.76% |
| Sundaram Fasteners Ltd | Equity | ₹5.88 Cr | 0.72% |
| Kaynes Technology India Ltd | Equity | ₹5.73 Cr | 0.70% |
| Sun TV Network Ltd | Equity | ₹5.66 Cr | 0.69% |
| Oberoi Realty Ltd | Equity | ₹5.63 Cr | 0.69% |
| ITI Banking & PSU Dir Gr | Mutual Fund - Open End | ₹4.34 Cr | 0.53% |
| IRM Energy Ltd | Equity | ₹2.65 Cr | 0.32% |
| JNK India Ltd | Equity | ₹0.23 Cr | 0.03% |
Allocation By Market Cap (Equity)
Large Cap Stocks
14.77%
Mid Cap Stocks
65.62%
Small Cap Stocks
15.51%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹183.82 Cr | 22.42% |
| Financial Services | ₹160.76 Cr | 19.60% |
| Consumer Cyclical | ₹97.14 Cr | 11.85% |
| Basic Materials | ₹90.72 Cr | 11.06% |
| Healthcare | ₹62.23 Cr | 7.59% |
| Utilities | ₹53 Cr | 6.46% |
| Technology | ₹48.94 Cr | 5.97% |
| Real Estate | ₹35.83 Cr | 4.37% |
| Communication Services | ₹25.76 Cr | 3.14% |
| Energy | ₹21.01 Cr | 2.56% |
| Consumer Defensive | ₹7.14 Cr | 0.87% |
Risk & Performance Ratios
Standard Deviation
This fund
14.38%
Cat. avg.
14.21%
Lower the better
Sharpe Ratio
This fund
1.39
Cat. avg.
1.30
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.63
Higher the better
Fund Managers
Dhimant Shah
Since October 2022
Rohan Korde
Since April 2022
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF00XX01929 | Expense Ratio | 0.43% | Exit Load | 1.00% | Fund Size | ₹820 Cr | Age | 10 Mar 2021 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Midcap 150 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 Mid-Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bandhan Midcap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1181.31 Cr | 50.7% |
| Bandhan Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1181.31 Cr | 53.1% |
| Motilal Oswal Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹9819.09 Cr | 57.5% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹15.15 Cr | - |
| Mirae Asset Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹15139.44 Cr | 51.3% |
| Mirae Asset Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹15139.44 Cr | 53.0% |
| Axis Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹26636.78 Cr | 43.7% |
| Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹2433.01 Cr | 66.6% |
| Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹2433.01 Cr | 64.1% |
| Tata Mid Cap Growth Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3637.33 Cr | 56.0% |
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 Mid Cap Fund Direct Growth?
The NAV of ITI Mid Cap Fund Direct Growth, as of 17-May-2024, is ₹21.26.
What are the returns of ITI Mid Cap Fund Direct Growth?
The fund has generated 72.25% over the last 1 year and 27.79% 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 Mid Cap Fund Direct Growth?
The fund's allocation of assets is distributed as 95.90% in equities, 0.36% in bonds, and 3.74% in cash and cash equivalents.
Who manages the ITI Mid Cap Fund Direct Growth?
The fund managers responsible for ITI Mid Cap Fund Direct Growth are:-
- Dhimant Shah
- Rohan Korde
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.