ITI ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-11-2024
₹ 26.05
1D
Inception Returns
20.3%
/yr
About ITI ELSS Tax Saver Fund Direct Growth
ITI ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 18 October, 2019. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- ITI ELSS Tax Saver Fund Direct Growth has ₹388 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
ITI ELSS Tax Saver Fund Direct Growth has given a CAGR return of 20.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.44%, 18.27% and 19.75% respectively.
Holdings
ITI ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Tech, Utilities, Consumer Defensive, Real Estate, Communication, Health, Energy. Its top holdings are Trent Ltd, Zomato Ltd, HDFC Bank Ltd, InterGlobe Aviation Ltd, Aditya Birla Real Estate Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of ITI ELSS Tax Saver Fund Direct Growth
To provide long-term capital appreciation by investing predominantly in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for ITI ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
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440 people have invested ₹ 15.8L in ITI ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for ITI ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
ITI ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.5% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹388 Cr |
| Inception Date | 18 October, 2019 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 169.2% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
50%
Small cap
34.8%
Mid cap
9.7%
Sector Allocation
Financial Services
21.9%
Industrial
19.2%
Consumer Cyclical
15.4%
Basic Materials
13.8%
Tech
7.6%
Utilities
6.4%
Consumer Defensive
5.3%
Real Estate
4.2%
Communication
2.6%
Health
2.2%
Energy
1.4%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -7.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 0.57% in Oct'24
- AUM of the fund stands at 411.6 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
eClerx Services Ltd's allocation increased from 0.73% to 1.69%
HDFC Bank Ltd's allocation increased from 3.31% to 4.02%
Supriya Lifescience Ltd's allocation increased from 0.91% to 1.47%
Top Stocks sold last month
Trent Ltd's allocation decreased from 4.76 % to 4.74 %
Zomato Ltd's allocation decreased from 4.82 % to 4.52 %
InterGlobe Aviation Ltd's allocation decreased from 4.46 % to 4 %
Mid Cap allocation has gone down from 10.7% to 9.7%
Large Cap allocation has gone down from 53.5% to 50%
Small Cap allocation has gone down from 34.9% to 34.8%
Cash allocation has gone up from 0.9% to 5.4%
Top 3 Sectors in October were Industrial, Financial Services & Consumer Cyclical
Oct'24
Financial Services
22%
Industrial
19%
Consumer Cyclical
15%
Sep'24
Industrial
21%
Financial Services
20%
Consumer Cyclical
16%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Trent Ltd | 4.74% | 0% | |
 Zomato Ltd | 4.52% | 0% | |
 HDFC Bank Ltd | 4.02% | 14.3% | |
 InterGlobe Aviation Ltd | 4% | 0% | |
 Aditya Birla Real Estate Ltd | 3.27% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Supriya Lifescience Ltd | 28% |
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Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹9.95K Cr
as on 31-Oct-2024
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.5% which is lower than the category average expense ratio of 1.29%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.42% return, outperforming this fund by 11.67% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.68% return, outperforming this fund by 20.24%.
Over the last 1 month, this fund has experienced a 5.6% drop in AUM moving from 411.63 Cr to 388.48 Cr.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.77% return, outperforming this fund by 6.5% per annum.
ITI ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.28% since inception which is more than its category average return of 15.51%
Fund Allocations
This fund has an allocation of 94.55% in Equity, 0% in Debt and 5.45% in Cash related instruments
AUM size ₹388 Cr
This fund has AUM of ₹388 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 0.5%
This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for ITI ELSS Tax Saver Fund Direct Growth
The current NAV of ITI ELSS Tax Saver Fund Direct Growth is ₹26.05 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
ITI ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.4% | -7.4% |
6 Month Returns | 3.16% | 3.16% |
1 Year Returns | 31.44% | 31.44% |
3 Years Returns | 65.43% | 18.27% |
5 Years Returns | 146.23% | 19.75% |
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0.5% as on October 2024
₹388 Cr as on October 2024
Trent Ltd(4.74%), Zomato Ltd(4.52%), HDFC Bank Ltd(4.02%), InterGlobe Aviation Ltd(4%), Aditya Birla Real Estate Ltd(3.27%) as on October 2024
Financial Services(20.67%), Industrial(18.18%), Consumer Cyclical(14.59%) as on October 2024
The alpha ratio for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ITI ELSS Tax Saver Fund Direct Growth | 7.81 | 4.51 | 1.61 |
As on October 2024
The alpha for ITI ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ITI ELSS Tax Saver Fund Direct Growth | 1.06 | 0.91 | 0.96 |
As on October 2024
The Beta for ITI ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ITI ELSS Tax Saver Fund Direct Growth | 2.29 | 0.99 | 0.83 |
As on October 2024
The sharpe ratio for ITI ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ITI ELSS Tax Saver Fund Direct Growth | 15.12 | 13.6 | 19.22 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.85 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of ITI ELSS Tax Saver Fund Direct Growth is 0%