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1 star

ITI Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.19 0.01 0.07 0.26 0.79 1.57 3.05 -- -- -- --
CCIL T Bill Liquidity Weight 1.49 0.01 0.04 0.18 0.63 1.15 2.18 -- -- -- --
Debt: Liquid 2.35 0.01 0.07 0.27 0.85 1.69 3.29 -- -- -- --
Rank within category 35 17 19 36 36 34 35 -- -- -- --
Number of funds in category 38 39 39 39 39 38 38 35 34 33 1

As on 17-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Liquid Fund - Direct Plan
1 star
Apr-19 3.05 -- -- 0.12 110
ICICI Prudential Liquid Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.31 5.20 5.90 0.20 41,512
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.31 5.25 5.95 0.21 32,671
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.31 5.25 5.95 0.18 24,715
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.29 5.22 5.93 0.22 12,147

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.13 24-May-2019 - 31-May-2019 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.55 01-May-2019 - 31-May-2019 0.17 23-Mar-2020 - 22-Apr-2020
Quarter 1.52 24-Apr-2019 - 24-Jul-2019 0.65 23-Mar-2020 - 22-Jun-2020
Year 5.08 24-Apr-2019 - 23-Apr-2020 2.89 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Liquid* 4.95 0.66 1.96 6.37 1.05 1.61
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 5 1 37
Modified Duration (yrs) 0.01 0.05 0.00 0.08
Average Maturity (yrs) 0.01 0.05 0.00 0.08
Yield to Maturity (%) 3.09 3.36 2.48 3.27
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 364-D 02/09/2021 Treasury Bills SOV 0.00 - 45.52 45.52
new Reserve Bank of India 91-D 02/09/2021 Treasury Bills SOV 0.00 - 22.76 22.76
new 7.47% Power Finance Corporation 16/09/2021 Bonds AAA 0.00 - 10.03 10.03
new 8.90% Aditya Birla Finance 24/09/2021 Debenture AAA 0.00 - 9.14 9.14

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2021

Fund Manager

— George Heber Joseph since 24-Apr-2019

Education: Mr George holds dual Bachelor's Degrees in English Language & Literature and Commerce. He is a qualified CA from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata.

Experience: Prior to joining ITI Asset Management Ltd., he has worked with ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad. His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS – Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team. He is known for his focus on extensive bottom-up research and stock-picking capabilities, has overseen fund managers activities and managed various research analysts during his tenure.

Funds Managed:

— Vikrant Mehta since 18-Jan-2021

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 17-Sep-2021

Growth: ₹ 1,095.6009

IDCW Yearly: ₹ 1,095.9633

More

IDCW Weekly: ₹ 1,001.2522

IDCW Monthly: ₹ 1,002.8202

IDCW Daily: ₹ 1,001.3233


Investment Strategy

The scheme seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 24-Apr-2019
Return Since Launch: 3.87%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 110 Cr (As on 31-Aug-2021)
Expense: 0.12% (As on 31-Jul-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Sep-20210.0856

 15-Sep-20210.0832
 14-Sep-20210.0818
 13-Sep-20210.0802
 12-Sep-20210.0915
 11-Sep-20210.0918
 10-Sep-20210.0917
 09-Sep-20210.0566
 08-Sep-20210.0815
 07-Sep-20210.0801
 06-Sep-20210.0826
 05-Sep-20210.0810
 04-Sep-20210.0810
 03-Sep-20210.0813
 02-Sep-20210.0819
 01-Sep-20210.0794
 31-Aug-20210.0907
 30-Aug-20210.0790
 29-Aug-20210.0813
 28-Aug-20210.0813
 27-Aug-20210.0935
 26-Aug-20210.0874
 25-Aug-20210.0836
 24-Aug-20210.0788
 23-Aug-20210.0783
IDCW Weekly13-Sep-20210.5766

 06-Sep-20210.5686
 30-Aug-20210.5953
 23-Aug-20210.4841
 17-Aug-20210.6607
 09-Aug-20210.5674
 02-Aug-20210.6011
 26-Jul-20210.6150
 19-Jul-20210.6040
 12-Jul-20210.6119
 05-Jul-20210.6169
 28-Jun-20210.6378
 21-Jun-20210.6218
 14-Jun-20210.5839
 07-Jun-20210.6068
 31-May-20210.5818
 24-May-20210.5947
 17-May-20210.5937
 10-May-20210.2390
 12-Apr-20210.5568
 05-Apr-20210.5093
 30-Mar-20210.6914
 22-Mar-20210.5843
 15-Mar-20210.6007
 08-Mar-20210.5881
IDCW Monthly25-Aug-20212.4796

 26-Jul-20212.7214
 25-Jun-20212.6698
 25-May-20212.4534
 26-Apr-20212.6458
 25-Mar-20212.3270
 25-Feb-20212.4373
 25-Jan-20212.2432
 28-Dec-20202.6313
 25-Nov-20202.2888
 26-Oct-20202.6374
 25-Sep-20202.5452
 25-Aug-20202.3545
 27-Jul-20202.6018
 25-Jun-20202.2883
 26-May-20202.3106
 27-Apr-20201.9753
 26-Mar-20202.7069
 25-Feb-20202.8185
 27-Jan-20202.8218
 26-Dec-20192.8279
 25-Nov-20192.6180
 28-Oct-20193.3207
 25-Sep-20193.0160
 26-Aug-20193.3168
IDCW Fortnightly10-Jun-20211.3397

 25-May-20211.2728
 10-May-20210.0750
 12-Apr-20211.5064
 25-Mar-20211.2755
 10-Mar-20211.0901
 25-Feb-20211.1153
 10-Feb-20211.3742
 25-Jan-20211.1692
 11-Jan-20211.1111
 28-Dec-20201.4993
 10-Dec-20201.1769
 25-Nov-20201.0678
 10-Nov-20201.2557
 26-Oct-20201.1602
 12-Oct-20201.5096
 25-Sep-20201.2970
 10-Sep-20201.2860
 25-Aug-20201.2239
 10-Aug-20201.1632
 27-Jul-20201.4044
 10-Jul-20201.2377
 25-Jun-20201.1078
 10-Jun-20201.2268
 26-May-20201.0946

Contact Information

AMC: ITI Asset Management Ltd.

Address: Naman Midtown 'A' - Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi Mumbai - 400013

Phone: 1800-266-9603 / 022-66214999

Email: [email protected]

Website: http://www.itiamc.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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