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Unrated

ITI Long Term Equity Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.32 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.32 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 23.41 -2.62 -3.92 -5.99 2.76 3.49 31.84 -- -- -- --
S&P BSE 500 TRI 29.06 -2.96 -3.93 -5.18 4.30 13.54 39.43 -- -- -- --
Equity: ELSS 30.39 -2.90 -4.02 -4.73 4.63 14.33 40.72 -- -- -- --
Rank within category 33 9 12 32 34 38 34 -- -- -- --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 26-Nov-2021

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 - Direct Plan
Unrated
Oct-19 31.84 -- -- 0.38% 109
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 34.72 22.21 20.05 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 43.35 25.22 23.24 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 44.28 22.70 17.98 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 57.07 22.20 20.40 0.74% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.29 01-Apr-2020 - 09-Apr-2020 -18.14 16-Mar-2020 - 23-Mar-2020
Month 20.51 23-Mar-2020 - 22-Apr-2020 -37.06 20-Feb-2020 - 23-Mar-2020
Quarter 35.06 23-Mar-2020 - 22-Jun-2020 -35.81 23-Dec-2019 - 23-Mar-2020
Year 96.13 23-Mar-2020 - 23-Mar-2021 -1.07 31-Oct-2019 - 30-Oct-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 22.08 21.79 0.84 0.93 -- --
Equity: ELSS* 22.05 21.37 0.85 0.90 0.95 0.85
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-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 24
Top 10 Stocks (%) 66.93
Top 5 Stocks (%) 37.97
Top 3 Sectors (%) 67.64
Portfolio P/B Ratio 2.21
Portfolio P/E Ratio 18.60

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 26,736 1,36,970
Giant (%) 17.36 53.06
Large (%) 6.98 14.68
Mid (%) 49.63 25.08
Small (%) 26.02 7.34
Tiny (%) -- 0.21

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
equal Alembic Pharmaceuticals Healthcare 17.83 9.15 0.00 8.72
equal Lupin Healthcare -- 9.73 0.37 8.39
equal V-Guard Industries Consumer Durable 43.86 7.30 0.00 7.10
equal Eicher Motors Automobile 39.90 8.10 0.00 6.93
equal Reliance Industries Energy 31.22 9.60 0.00 6.83
up DCB Bank Financial 10.18 6.33 0.00 6.33
equal Equitas Holdings Financial 11.28 6.26 0.00 6.26
equal IDFC Financial -- 6.15 0.00 6.08
equal ITC FMCG 19.34 9.55 0.00 5.50
equal City Union Bank Financial 17.19 4.79 0.00 4.79
equal Whirlpool Consumer Durable 41.66 4.75 0.00 4.54
equal Amara Raja Batteries Engineering 16.37 5.22 0.00 4.11
equal The Federal Bank Financial 10.47 4.80 0.00 3.94
equal HDFC Financial 23.83 5.14 0.00 3.68
equal Kansai Nerolac Paints Chemicals 58.57 3.22 0.00 2.51
equal Johnson Controls - Hitachi Air Conditioning India Consumer Durable 96.20 3.04 0.00 2.43
equal Ashoka Buildcon Construction 7.11 2.70 0.00 2.20
equal Navneet Education FMCG 67.30 2.23 0.00 2.08
equal Suven Pharmaceuticals Healthcare 31.86 1.64 0.00 1.43
equal M&M Financial Services Financial -- 3.82 0.00 1.37
equal Indian Bank Financial 3.96 3.46 0.00 1.35
new HDFC Bank Financial 24.13 8.32 0.00 1.23
equal Supreme Industries Chemicals 23.50 1.21 0.00 1.03
equal Akzo Nobel India Chemicals 32.50 0.89 0.00 0.46

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-Oct-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:


-2.62%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 14.8820

IDCW: ₹ 14.2478


Investment Strategy

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

Investment Details

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

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 18-Oct-2019
Return Since Launch: 20.74%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 109 Cr (As on 31-Oct-2021)
Expense: 0.38% (As on 31-Oct-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: 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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