When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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:
|S&P BSE 500 TRI||-11.23||-1.58||-1.67||6.30||18.53||-13.06||--||--||--||--||--|
|Rank within category||22||1||2||24||8||29||--||--||--||--||--|
|Number of funds in category||38||38||38||38||38||38||36||34||30||28||27|
As on 14-Jul-2020
|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 | Invest Online||Oct-19||--||--||--||2.58||31|
|Axis Long Term Equity Fund | Invest Online||Dec-09||-3.07||5.15||6.93||1.73||20,292|
|Aditya Birla Sun Life Tax Relief 96 | Invest Online||Mar-96||-1.37||1.87||6.39||1.93||10,101|
|DSP Tax Saver Fund | Invest Online||Jan-07||-4.91||1.52||6.86||1.87||5,789|
|Mirae Asset Tax Saver Fund - Regular Plan | Invest Online||Dec-15||-2.89||4.44||--||1.80||3,538|
|Best (Period)||Worst (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||-- ( - )||-- ( - )|
|S&P BSE 500 TRI*||4.28||21.61||-0.05||-0.05||--||--|
|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 30-Jun-2020
|Number of Stocks||54|
|Top 10 Stocks (%)||29.13|
|Top 5 Stocks (%)||16.29|
|Top 3 Sectors (%)||36.84|
|Portfolio P/B Ratio||2.29|
|Portfolio P/E Ratio||17.45|
|Average Mkt Cap (Rs Cr)||35,168||89,760|
|Company||Sector||P/E||3Y High||3Y Low||% Assets|
|State Bank of India||Financial||8.43||5.63||2.02||3.45|
|Maruti Suzuki India||Automobile||30.98||2.95||0.74||2.65|
|Sun TV Network||Services||10.96||2.50||0.67||1.96|
|Can Fin Homes||Financial||12.79||2.00||0.19||1.76|
|Dr. Reddy's Lab||Healthcare||33.08||1.97||0.00||1.65|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Jun-2020
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.
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.
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The Scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities.
|Minimum Investment (₹)||500|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||--|
|Fund House:||ITI Mutual Fund|
|Return Since Launch:||-8.21%|
|Benchmark:||NIFTY 500 TRI|
|Assets:||₹ 31 Cr (As on 30-Jun-2020)|
|Expense:||2.58% (As on 30-Jun-2020)|
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]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]