ITI Mid Cap Fund Direct Growth

ITI Mid Cap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 22-11-2024

₹ 22.31

▲1.2%

1D

Inception Returns

24.2%

/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 Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

ITI Mid Cap Fund Direct Growth has given a CAGR return of 24.20% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 43.22% and 23.33% respectively.

Holdings

ITI Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Tech, Basic Materials, Health, Consumer Cyclical, Utilities, Government, Real Estate, Corporate, Consumer Defensive, Communication, Energy. Its top holdings are Lupin Ltd, Solar Industries India Ltd, Mphasis Ltd, Suzlon Energy Ltd, Phoenix Mills 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
850 people have invested ₹ 72.8L in ITI Mid Cap Fund Direct Growth in the last three months

INDmoney Rank for ITI Mid Cap Fund Direct Growth

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3Y returns in the top 25% of the category
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ITI Mid Cap Fund Direct Growth Overview

Expense ratio0.38%
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%
STCGRedeeming 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 (22-Nov-24)

Period
ITI Mid Cap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
-2%
-2.2%
-5.3%
3M
-7.8%
-6.2%
-5.3%
6M
2.8%
4.8%
6.6%
1Y
43.2%
30.6%
33%
3Y
23.3%
21.4%
19.5%

Fund Distribution

as on (31-Oct-24)

  • Equity 97.1%

  • Debt & Cash 2.9%

Mid cap
70.2%
Small cap
15.8%
Large cap
9.8%
Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
24.4%
Financial Services
17.6%
Tech
12.8%
Basic Materials
12.3%
Health
11.7%
Consumer Cyclical
7.3%
Utilities
5.6%
Real Estate
4.1%
Consumer Defensive
1.7%
Communication
1.4%
Energy
1.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.60%
-0.02%
0.93%
Nifty Midcap 150
-6.72%
2.05%
1.01%
  • This fund’s returns stands at -6.60% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
  • This fund outperformed Nifty Midcap 150 by 0.12% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.1K Cr
₹ 1.2K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.1K Cr as of Oct'24
  • AUM decreased by 53 Cr between Oct'24 and Sep'24
Top Stocks bought last month
National Aluminium Co Ltd's allocation increased from 1.3% to 2.02%
National Aluminium Co Ltd's allocation increased from 1.3% to 2.02%
L&T Technology Services Ltd's allocation increased from 1.03% to 1.52%
L&T Technology Services Ltd's allocation increased from 1.03% to 1.52%
Max Financial Services Ltd's allocation increased from 1.1% to 1.46%
Max Financial Services Ltd's allocation increased from 1.1% to 1.46%
Top Stocks sold last month
Solar Industries India Ltd's allocation decreased from 2.64 % to 2.45 %
Solar Industries India Ltd's allocation decreased from 2.64 % to 2.45 %
Suzlon Energy Ltd's allocation decreased from 2.42 % to 2.2 %
Suzlon Energy Ltd's allocation decreased from 2.42 % to 2.2 %
Phoenix Mills Ltd's allocation decreased from 2.37 % to 2.05 %
Phoenix Mills Ltd's allocation decreased from 2.37 % to 2.05 %
Mid Cap allocation has gone up from 66.7% to 70.2%
Mid Cap allocation has gone up from 66.7% to 70.2%
Large Cap allocation has gone down from 11.1% to 9.8%
Large Cap allocation has gone down from 11.1% to 9.8%
Small Cap allocation has gone down from 16% to 15.8%
Small Cap allocation has gone down from 16% to 15.8%
Debt allocation has gone up from 0.2% to 0.2%
Debt allocation has gone up from 0.2% to 0.2%
Cash allocation has gone down from 4% to 2.6%
Cash allocation has gone down from 4% to 2.6%

Top 3 Sectors in October were Industrial, Financial Services & Basic Materials

Oct'24
Industrial
24%
Financial Services
18%
Tech
13%
Sep'24
Industrial
25%
Financial Services
18%
Basic Materials
12%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
Lupin Ltd
Lupin Ltd
3.11%
3.3%
Solar Industries India Ltd
Solar Industries India Ltd
2.45%
0%
Mphasis Ltd
Mphasis Ltd
2.21%
4.5%
Suzlon Energy Ltd
Suzlon Energy Ltd
2.2%
4.2%
Phoenix Mills Ltd
Phoenix Mills Ltd
2.05%
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
43.22%
23.33%
-
24.2%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
60.14%
33.39%
33.13%
25.88%
Kotak Emerging Equity Scheme Direct Growth
Kotak Emerging Equity Scheme Direct Growth
37.42%
21.99%
28.21%
21.98%
Nippon India Growth Fund - Direct Plan - Growth
Nippon India Growth Fund - Direct Plan - Growth
36.88%
23.91%
29.71%
19.71%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Indian Bank
Indian Bank
2.1%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
81
82
79
Top 5 Company Concentration
12%
12.4%
11.8%
Company having highest exposure
Lupin Ltd (3.1%)
Lupin Ltd (2.9%)
Solar Industries India Ltd (2.5%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
78.7%
77.5%
71.6%
Sector having highest exposure
Industrial (24.4%)
Industrial (24.8%)
Industrial (25.3%)
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Fund House
ITI Asset Management Limited
Total Schemes
18
See all ITI 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

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 24.2% since inception which is more than its category average return of 18.78%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.13% in Equity, 0.21% in Debt and 2.66% 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 ₹ 9389 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions for ITI Mid Cap Fund Direct Growth

The current NAV of ITI Mid Cap Fund Direct Growth is ₹22.31 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
ITI Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.97%
-1.97%
6 Month Returns
2.84%
2.84%
1 Year Returns
43.22%
43.22%
3 Years Returns
87.58%
23.33%
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.
0.38% as on October 2024
₹1110 Cr as on October 2024
Lupin Ltd(3.11%), Solar Industries India Ltd(2.45%), Mphasis Ltd(2.21%), Suzlon Energy Ltd(2.2%), Phoenix Mills Ltd(2.05%) as on October 2024
Industrial(23.68%), Financial Services(17.09%), Tech(12.43%) as on October 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
10.33
1.36
-
As on October 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
0.91
-
As on October 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
2.55
1.07
-
As on October 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
16.05
15.23
-
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 2.1 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of ITI Mid Cap Fund Direct Growth is 1%