ITI ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 28-02-2025
₹ 22.48
1D
Inception Returns
16.3%
/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 ₹374 Cr worth of assets under management (AUM) as on Jan 2025 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 16.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -0.26%, 17.03% and 17.44% 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, Real Estate, Consumer Defensive, Communication, Health, Energy. Its top holdings are HDFC Bank Ltd, Aditya Birla Real Estate Ltd, InterGlobe Aviation Ltd, Axis Bank Ltd, TVS Motor Co 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
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478 people have invested ₹ 19.7L 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 | ₹374 Cr |
| Inception Date | 18 October, 2019 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 169.2% |
| STCG | Selling mutual fund 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 (28-Feb-25)
Fund Distribution
as on (31-Jan-25)
Small cap
44.6%
Large cap
43.4%
Mid cap
9.1%
Sector Allocation
Financial Services
26.5%
Industrial
21.1%
Consumer Cyclical
11.9%
Basic Materials
10.3%
Tech
9.8%
Utilities
5.6%
Real Estate
4.8%
Consumer Defensive
3.7%
Communication
2.7%
Health
2.6%
Energy
1%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 374.2 Cr as of Jan'25
- AUM decreased by 24.4 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Jana Small Finance Bank Ltd's allocation increased from 1.15% to 1.99%
Sobha Ltd's allocation increased from 1.58% to 2.33%
Aditya Birla Real Estate Ltd's allocation increased from 2.93% to 3.64%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 7.21 % to 6.32 %
Axis Bank Ltd's allocation decreased from 3.02 % to 2.97 %
Trent Ltd's allocation decreased from 3.17 % to 2.72 %
Mid Cap allocation has gone down from 10.7% to 9.1%
Large Cap allocation has gone down from 49.8% to 43.4%
Small Cap allocation has gone up from 36.6% to 44.6%
Cash allocation has gone up from 0.5% to 1.7%
Top 3 Sectors in January were Financial Services, Industrial & Basic Materials
Jan'25
Financial Services
26%
Industrial
21%
Consumer Cyclical
12%
Dec'24
Financial Services
24%
Industrial
19%
Basic Materials
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Cholamandalam Investment & Finance Company Ltd | 4.7% |
 HDFC Bank Ltd | 3.2% |
 Bajaj Finance Ltd | 1.2% |
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Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹10.09K Cr
as on 31-Jan-2025
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 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 8.97% return, outperforming this fund by 9.24%.
Over the last 1 month, this fund has experienced a 5.7% drop in AUM moving from 396.89 Cr to 374.22 Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 30.35% return, outperforming this fund by 12.91% per annum.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 23.3% return, outperforming this fund by 6.27% 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 16.3% since inception which is more than its category average return of 13.78%
Fund Allocations
This fund has an allocation of 98.34% in Equity, 0% in Debt and 1.66% in Cash related instruments
AUM size ₹374 Cr
This fund has AUM of ₹374 Cr which is less than its category average of ₹ 4780 Cr
Expense Ratio 0.5%
This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for ITI ELSS Tax Saver Fund Direct Growth
The current NAV of ITI ELSS Tax Saver Fund Direct Growth is ₹22.48 as on 28-Feb-2025.
Existing (Absolute + CAGR) as on 28-Feb-2025.
ITI ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -9.02% | -9.02% |
6 Month Returns | -19.61% | -19.61% |
1 Year Returns | -0.26% | -0.26% |
3 Years Returns | 60.28% | 17.03% |
5 Years Returns | 123.42% | 17.44% |
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0.5% as on February 2025
₹374 Cr as on February 2025
HDFC Bank Ltd(6.32%), Aditya Birla Real Estate Ltd(3.64%), InterGlobe Aviation Ltd(3.38%), Axis Bank Ltd(2.97%), TVS Motor Co Ltd(2.84%) as on February 2025
Financial Services(26.02%), Industrial(20.77%), Consumer Cyclical(11.66%) as on February 2025
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 | 1.17 | 4.15 | 0.15 |
As on February 2025
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 | 1.15 | 0.96 | 0.97 |
As on February 2025
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 | -0.31 | 0.71 | 0.65 |
As on February 2025
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 | 17.9 | 14.97 | 19.84 |
As on February 2025
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 1.14 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.77 as on February 2025. 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%