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Unrated

ITI Long Term Equity Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.18 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 -2.75 0.09 -2.34 -1.60 -8.24 -3.46 14.74 -- -- -- --
S&P BSE 500 TRI -1.73 0.29 -2.99 -0.88 -3.01 8.70 30.03 -- -- -- --
Equity: ELSS -1.80 0.20 -2.79 -0.94 -2.77 7.43 29.85 -- -- -- --
Rank within category 30 23 15 28 35 36 35 -- -- -- --
Number of funds in category 36 36 36 36 36 36 36 33 32 28 26

As on 28-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Long Term Equity Fund - Regular Plan
Unrated
Oct-19 14.74 -- -- 2.43% 109
Axis Long Term Equity Fund
4 star
Dec-09 20.46 19.43 16.44 1.64% 33,785
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 31.62 23.84 19.86 1.77% 10,660
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 34.70 22.93 15.82 1.78% 9,636
IDFC Tax Advantage (ELSS) Fund - Regular Plan
4 star
Dec-08 45.21 23.80 18.13 1.96% 3,533

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.25 01-Apr-2020 - 09-Apr-2020 -18.18 16-Mar-2020 - 23-Mar-2020
Month 20.31 23-Mar-2020 - 22-Apr-2020 -37.18 20-Feb-2020 - 23-Mar-2020
Quarter 34.32 23-Mar-2020 - 22-Jun-2020 -36.15 23-Dec-2019 - 23-Mar-2020
Year 91.85 23-Mar-2020 - 23-Mar-2021 -3.20 31-Oct-2019 - 30-Oct-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 20.28 21.92 0.75 0.85 -- --
Equity: ELSS* 19.35 21.47 0.73 0.78 0.95 -0.12
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-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Stocks (%) 57.63
Top 5 Stocks (%) 34.00
Top 3 Sectors (%) 61.38
Portfolio P/B Ratio 3.21
Portfolio P/E Ratio 23.82

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 99,523 1,38,142
Giant (%) 48.31 54.34
Large (%) 13.36 14.65
Mid (%) 29.08 24.51
Small (%) 9.25 6.65
Tiny (%) -- 0.25

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 22.50 8.32 0.00 7.75
up Sun Pharmaceutical Industries Healthcare 31.82 10.27 0.00 7.37
down Lupin Healthcare -- 9.73 0.37 7.17
equal Eicher Motors Automobile 42.74 8.10 0.00 6.50
down Alembic Pharmaceuticals Healthcare 16.73 9.15 0.00 5.21
new Infosys Technology 32.96 10.12 0.00 5.06
new Natco Pharma Healthcare 64.16 4.99 0.00 4.99
up ITC FMCG 18.78 9.55 0.00 4.90
down Reliance Industries Energy 27.37 9.60 0.00 4.68
new Tata Consultancy Services Technology 36.26 4.00 0.00 4.00
new Kotak Mahindra Bank Financial 37.71 3.94 0.00 3.94
equal Amara Raja Batteries Engineering 16.11 5.22 0.00 3.46
equal City Union Bank Financial 16.63 4.79 0.00 3.44
equal HDFC Financial 21.90 5.14 0.00 2.99
down V-Guard Industries Consumer Durable 40.33 7.30 0.00 2.81
down Equitas Holdings Financial 10.19 6.26 0.00 2.79
down DCB Bank Financial 9.62 6.33 0.00 2.08
new Titan Company Consumer Durable 117.63 1.58 0.00 1.58
new Bajaj Holdings & Inv Financial 14.64 1.96 0.00 1.56
new HCL Technologies Technology 26.64 6.55 0.00 1.52
new HDFC Asset Management Company Financial 34.13 1.80 0.00 1.51
new TVS Motor Company Automobile 34.63 1.51 0.00 1.51
new ABB India Ltd. Engineering 120.39 1.49 0.00 1.49
new Larsen & Toubro Construction 30.47 3.43 0.00 1.48
new Hindustan Petroleum Corporation Energy 4.75 6.82 0.00 1.47

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-Dec-2021

Fund Manager

— George Heber Joseph since 15-Jul-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:

— Pradeep Gokhale since 15-Jul-2019

Education: Mr Pradeep is a qualified Chartered Accountant from Institute of Chartered Accountants of India, New Delhi and a Chartered Financial Analyst from CFA Institute – USA.

Experience: Prior to joining ITI Asset Management Ltd., he has worked with Tata Asset Management Ltd., CARE Ratings Ltd., Bombay Dyeing, Tata International and Lubrizol India Ltd. He has over 23 years of extensive experience in Fund Management, Equity Research, Credit Evaluation and Ratings. During his 15-year stint at Tata Asset Management Ltd., he managed a broad spectrum of schemes across large cap (Tata Large Cap Fund), multi cap (Tata Large and Midcap Fund, Tata India Tax Savings Fund and the equity portion of Tata Hybrid Equity Fund), offshore fund (Tata India Offshore Opportunities Fund) and thematic funds (Tata Ethical Fund) with assets under management exceeding Rs. 5,000 crores. He was responsible for heading the equity research function and also for tracking various sectors and a wide variety of stocks. On the other hand, at CARE, he took care of multiple ratings and advisory assignments of companies across manufacturing, financial services and other services sectors.

Funds Managed:


0.09%

Change from previous, NAV as on 28-Jan-2022

Growth: ₹ 13.5922

IDCW: ₹ 12.9978


Investment Strategy

The Scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities.

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 18-Oct-2019
Return Since Launch: 14.39%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 109 Cr (As on 31-Dec-2021)
Expense: 2.43% (As on 31-Dec-2021)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Dec-20200.5000

Contact Information

AMC: ITI Asset Management Ltd.

Address: ITI Asset Mangement Limited, ITI House, Building no. 36, Dr. R. K. Shirodkar Marg, Parel, Mumbai - 400012

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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