ITI Mid Cap Fund Direct Growth

ITI Mid Cap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 23-12-2024

₹ 22.96

▼-2.5%

1D

Inception Returns

24.5%

/yr

About ITI Mid Cap Fund Direct Growth

ITI Mid Cap Fund Direct Growth is an equity fund. This fund was started on 10 March, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ITI Mid Cap Fund Direct Growth has ₹1110 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

ITI Mid Cap Fund Direct Growth has given a CAGR return of 24.49% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 37.68% and 26.76% respectively.

Holdings

ITI Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Tech, Health, Basic Materials, Consumer Cyclical, Utilities, Real Estate, Government, Consumer Defensive, Communication, Energy, Corporate. Its top holdings are Lupin Ltd, Solar Industries India Ltd, Mphasis Ltd, Phoenix Mills Ltd, Persistent Systems Ltd

Taxation

As it is a mid-cap 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of ITI Mid Cap Fund Direct Growth

The investment objective of the Scheme is to seek to generate long term capital appreciation by predominantly investing in equity and equity related securities of mid cap stocks. However, there can be no assurance that the investment objective of the scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Mid Cap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised
▲
▼

zero opening, trading, fund transfer fee
796 people have invested ₹ 77.9L in ITI Mid Cap Fund Direct Growth in the last three months

ITI Mid Cap Fund Direct Growth Overview

Expense ratio0.26%
Benchmark
S&P BSE Midcap TR INR
AUM₹1110 Cr
Inception Date10 March, 2021
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
129.59%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (23-Dec-24)

Period
ITI Mid Cap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
3.6%
3.3%
3.7%
3M
-5.8%
-6%
-4.7%
6M
-0.3%
1.6%
3.2%
1Y
37.7%
26.3%
32.4%
3Y
26.8%
22.9%
23.9%

Fund Distribution

as on (30-Nov-24)

  • Equity 96.1%

  • Debt & Cash 3.9%

Mid cap
69.6%
Small cap
16.1%
Large cap
8.1%
Sector Allocation

Nov'24

Oct'24

Sep'24

Industrial
20%
Financial Services
17.7%
Tech
15.6%
Health
13.6%
Basic Materials
12.7%
Consumer Cyclical
7.2%
Utilities
5.2%
Real Estate
3.6%
Consumer Defensive
1.7%
Communication
1.5%
Energy
1.1%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
0.04%
-6.60%
-0.02%
Nifty Midcap 150
-0.54%
-6.72%
2.05%
  • This fund’s returns stands at 0.04% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
  • This fund outperformed Nifty Midcap 150 by 0.59% in Nov'24
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1.2K Cr
  • AUM of the fund stands at 1.1K Cr as of Nov'24
  • AUM has remained same between Nov'24 and Oct'24
Top Stocks bought last month
Afcons Infrastructure Ltd's allocation increased from 0.23% to 0.87%
Afcons Infrastructure Ltd's allocation increased from 0.23% to 0.87%
PB Fintech Ltd's allocation increased from 1.29% to 1.83%
PB Fintech Ltd's allocation increased from 1.29% to 1.83%
Max Healthcare Institute Ltd Ordinary Shares's allocation increased from 1.15% to 1.44%
Max Healthcare Institute Ltd Ordinary Shares's allocation increased from 1.15% to 1.44%
Top Stocks sold last month
Lupin Ltd's allocation decreased from 3.11 % to 2.86 %
Lupin Ltd's allocation decreased from 3.11 % to 2.86 %
Suzlon Energy Ltd's allocation decreased from 2.2 % to 2.03 %
Suzlon Energy Ltd's allocation decreased from 2.2 % to 2.03 %
National Aluminium Co Ltd's allocation decreased from 2.02 % to 2.01 %
National Aluminium Co Ltd's allocation decreased from 2.02 % to 2.01 %
Mid Cap allocation has gone down from 70.2% to 69.6%
Mid Cap allocation has gone down from 70.2% to 69.6%
Large Cap allocation has gone down from 9.8% to 8.1%
Large Cap allocation has gone down from 9.8% to 8.1%
Small Cap allocation has gone up from 15.8% to 16.1%
Small Cap allocation has gone up from 15.8% to 16.1%
Cash allocation has gone up from 2.6% to 3.8%
Cash allocation has gone up from 2.6% to 3.8%
Debt allocation has gone down from 0.2% to 0.2%
Debt allocation has gone down from 0.2% to 0.2%

Top 3 Sectors in November were Industrial, Financial Services & Tech

Nov'24
Industrial
20%
Financial Services
18%
Tech
16%
Oct'24
Industrial
24%
Financial Services
18%
Tech
13%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
Lupin Ltd
Lupin Ltd
2.86%
0%
Solar Industries India Ltd
Solar Industries India Ltd
2.51%
0%
Mphasis Ltd
Mphasis Ltd
2.34%
4.6%
Phoenix Mills Ltd
Phoenix Mills Ltd
2.18%
0%
Persistent Systems Ltd
Persistent Systems Ltd
2.09%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ITI Mid Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
37.68%
26.76%
-
24.49%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
60.13%
38.21%
34.68%
26.35%
Kotak Emerging Equity Scheme Direct Growth
Kotak Emerging Equity Scheme Direct Growth
38.46%
25.8%
28.86%
22.22%
Axis Midcap Fund Direct Plan Growth
Axis Midcap Fund Direct Plan Growth
34.86%
20.16%
24.52%
20.58%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
PB Fintech Ltd
24.3%
One 97 Communications Ltd
One 97 Communications Ltd
17.8%
Persistent Systems Ltd
Persistent Systems Ltd
16.6%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
80
81
82
Top 5 Company Concentration
12%
12%
12.4%
Company having highest exposure
Lupin Ltd (2.9%)
Lupin Ltd (3.1%)
Lupin Ltd (2.9%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
79.7%
78.7%
77.5%
Sector having highest exposure
Industrial (20%)
Industrial (24.4%)
Industrial (24.8%)
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Fund House
ITI Asset Management Limited
Total Schemes
18
See all ITI schemes
Total AUM
₹9.68K Cr
as on 29-Nov-2024
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com

ITI Mid Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 24.49% since inception which is more than its category average return of 19.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.06% in Equity, 0.16% in Debt and 3.77% in Cash related instruments
AUM size ₹1110 Cr

AUM size ₹1110 Cr

This fund has AUM of ₹1110 Cr which is less than its category average of ₹ 9584 Cr
Expense Ratio 0.26%

Expense Ratio 0.26%

This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions for ITI Mid Cap Fund Direct Growth

The current NAV of ITI Mid Cap Fund Direct Growth is ₹22.96 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
ITI Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.6%
3.6%
6 Month Returns
-0.33%
-0.33%
1 Year Returns
37.68%
37.68%
3 Years Returns
103.66%
26.76%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.26% as on November 2024
₹1110 Cr as on November 2024
Lupin Ltd(2.86%), Solar Industries India Ltd(2.51%), Mphasis Ltd(2.34%), Phoenix Mills Ltd(2.18%), Persistent Systems Ltd(2.09%) as on November 2024
Industrial(19.26%), Financial Services(16.98%), Tech(15.02%) as on November 2024
The alpha ratio for the ITI Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ITI Mid Cap Fund Direct Growth
8.99
2.83
-
As on November 2024
The alpha for ITI Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ITI Mid Cap Fund Direct Growth
0.97
0.89
-
As on November 2024
The Beta for ITI Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ITI Mid Cap Fund Direct Growth
2.07
1.22
-
As on November 2024
The sharpe ratio for ITI Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ITI Mid Cap Fund Direct Growth
14.65
14.73
-
As on November 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 2.51 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.3 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of ITI Mid Cap Fund Direct Growth is 1%