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Unrated

ITI Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 1.89 0.01 0.06 0.23 0.71 1.78 4.35 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Debt: Liquid 2.55 0.01 0.06 0.31 1.05 2.42 5.34 -- -- -- --
Rank within category 38 38 29 38 38 38 38 -- -- -- --
Number of funds in category 39 39 39 39 39 39 39 35 34 33 1

As on 09-Jul-2020

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  | Invest Online
Unrated
Apr-19 4.35 -- -- 0.12 34
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.69 6.76 7.09 0.21 43,090
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.65 6.76 7.08 0.18 31,728
Axis Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.60 6.72 7.05 0.15 27,032
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.66 6.73 7.05 0.21 19,378

Best & Worst Performance

Best (Period) Worst (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) 4.39 (04-Jul-2019 - 03-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid* 6.33 0.50 3.67 4.95 0.58 1.73
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 4 1 28
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) 0.00 0.09 0.00 --
Yield to Maturity (%) 3.12 5.76 0.69 --

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 91-D 16/07/2020 Treasury Bills SOV 0.00 - 14.53 14.53

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 30-Jun-2020

*As on 31-May-2020

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:

— Milan Mody since 24-Apr-2019

Education: Mr. Mody has done B.Com & MBA in Finance

Experience: Prior to joining ITI Mutual Fund he has worked with ZyFin Research Private Ltd, Sahara India Life Insurance Company Ltd, He was also associated with Darashaw and BRICS securities.

Funds Managed:


0.01%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 1,057.1403

Dividend Yearly: ₹ 1,057.1533

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Dividend Weekly: ₹ 1,001.1638

Dividend Monthly: ₹ 1,002.0564

Dividend Fortnightly: ₹ 1,002.0792

Dividend 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
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: 4.70%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 34 Cr (As on 30-Jun-2020)
Expense: 0.12% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Jul-20200.0803

 07-Jul-20200.0797
 06-Jul-20200.0791
 05-Jul-20200.0805
 04-Jul-20200.0806
 03-Jul-20200.0735
 02-Jul-20200.1042
 01-Jul-20200.0692
 30-Jun-20200.0959
 29-Jun-20200.0739
 28-Jun-20200.0779
 27-Jun-20200.0777
 26-Jun-20200.0642
 25-Jun-20200.0423
 24-Jun-20200.0553
 23-Jun-20200.0790
 22-Jun-20200.0795
 21-Jun-20200.0771
 20-Jun-20200.0772
 19-Jun-20200.0779
 18-Jun-20200.0732
 17-Jun-20200.0754
 16-Jun-20200.0753
 15-Jun-20200.0756
 14-Jun-20200.0778
Dividend Weekly06-Jul-20200.5764

 29-Jun-20200.4942
 22-Jun-20200.5503
 15-Jun-20200.5473
 08-Jun-20200.5758
 01-Jun-20200.4915
 26-May-20200.5853
 18-May-20200.5068
 11-May-20200.6027
 04-May-20200.6452
 27-Apr-20200.3884
 20-Apr-20200.5656
 13-Apr-20200.4909
 07-Apr-20200.3943
 30-Mar-20200.1342
 23-Mar-20200.5564
 16-Mar-20200.6654
 09-Mar-20200.8219
 02-Mar-20200.6756
 24-Feb-20200.6734
 17-Feb-20200.6884
 10-Feb-20200.7078
 03-Feb-20200.6606
 27-Jan-20200.6619
 20-Jan-20200.6940
Dividend Fortnightly25-Jun-20201.1078

 10-Jun-20201.2268
 26-May-20201.0946
 11-May-20201.2495
 27-Apr-20201.0457
 13-Apr-20200.9700
 26-Mar-20201.1037
 11-Mar-20201.6824
 25-Feb-20201.4587
 10-Feb-20201.4004
 27-Jan-20201.6256
 10-Jan-20201.2704
 26-Dec-20190.1974
 25-Nov-20191.2409
 12-Nov-20191.4094
 28-Oct-20191.6694
 10-Oct-20191.6764
 25-Sep-20191.4069
 11-Sep-20191.5960
 26-Aug-20191.3022
 13-Aug-20191.9830
 25-Jul-20191.6356
 10-Jul-20191.6902
 25-Jun-20191.6266
 10-Jun-20191.6820
Dividend Monthly25-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
 25-Jul-20193.2925
 25-Jun-20193.3760
 27-May-20193.8147

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.itimf.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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