Holdings (34)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 15% |
| ICICI Bank Ltd. | Financial | Equity | 10.09% |
| State Bank of India | Financial | Equity | 9.57% |
| Axis Bank Ltd. | Financial | Equity | 9.01% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 7.71% |
| Shriram Finance Ltd | Financial | Equity | 4.41% |
| Bajaj Finance Ltd. | Financial | Equity | 3.91% |
| BSE Ltd. | Services | Equity | 3.21% |
| SBI Life Insurance Company Ltd. | Insurance | Equity | 2.89% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Equity | 1.56% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 24.22% | 17.88% | NA% | NA% |
| Category Average | 16.49% | 14.36% | 16.09% | NA% |
| Rank Within Category | 5.00% | 12.00% | NA% | NA% |
Expense ratio, exit load and tax
Expense ratio: 0.4%
Inclusive of GST
Exit load
Exit load of 0.50%, if redeemed within 3 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
Education
Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience
Prior to joining ITI Mutual Fund, he has worked with BOB Capital Markets as Vice President
Managed Schemes
ITI Balanced Advantage Fund Direct Growth
ITI Pharma and Healthcare Fund Direct Growth
ITI Focused Fund Direct Growth
ITI Large & Mid Cap Fund Direct Growth
ITI Flexi Cap Fund Direct Growth
ITI Small Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
ITI Bharat Consumption Fund Direct Growth
ITI Large Cap Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth
Education
Mr. Nilay holds a degree in B.E (Computer) from D.J Sanghvi College of Engg & master’s in management studies in KJ Somaiya Institute of Management Studies & Research.
Experience
Prior to joining ITI Mutual Fund, he has with Axis Asset Management Company, SBI Life Insurance Company Ltd & MAQ Software Pvt Ltd.
Managed Schemes
Education
Mr. Bhatia has done B.Com, ACMA and CFA
Experience
Prior to joining ITI Mutual Fund, he was associated with The Investment Trust Of India Ltd, Simto Investment Company Ltd, ProAlpha Systematic Capital, Heritage India Advisors Ltd and Reliance Capital Asset Management Ltd
Managed Schemes
ITI Balanced Advantage Fund Direct Growth
ITI Mid Cap Fund Direct Growth
ITI Bharat Consumption Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth
ITI Pharma and Healthcare Fund Direct Growth
ITI Multi Cap Fund Direct Growth
ITI Focused Fund Direct Growth