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Unrated

ITI Long Term Equity Fund - Direct Plan


Equity: ELSS

Suitability:

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:

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, 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 -11.17 0.46 -0.13 5.51 18.27 -13.82 -- -- -- -- --
S&P BSE 500 TRI -9.81 0.25 0.32 8.01 20.44 -11.36 -- -- -- -- --
Equity: ELSS -9.80 0.18 0.16 6.81 16.71 -11.24 -- -- -- -- --
Rank within category 23 3 27 33 11 31 -- -- -- -- --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 13-Jul-2020

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  | Invest Online
Unrated
Oct-19 -- -- -- 0.38 31
Axis Long Term Equity Fund - Direct Plan  | Invest Online
5 star
Jan-13 -0.77 6.65 8.32 0.93 20,292
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 0.84 3.37 7.71 0.94 10,101
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -2.79 2.98 8.19 0.94 5,789
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 0.33 6.46 -- 0.42 3,538

Best & Worst Performance

Best (Period) Worst (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 -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS* 3.36 21.18 -0.09 -0.10 0.95 -0.97
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

Asset Allocation (%)

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Concentration & Valuation

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

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 35,168 89,760
Giant (%) 38.71 52.59
Large (%) 17.64 15.43
Mid (%) 16.74 23.93
Small (%) 26.91 8.24
Tiny (%) -- 0.13

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 21.76 5.12 1.76 3.96
down State Bank of India Financial 8.70 5.63 2.02 3.45
up Hindustan Unilever FMCG 78.80 3.12 0.00 3.12
equal Lupin Healthcare -- 3.22 0.37 2.91
equal Wipro Technology 13.37 3.19 0.00 2.85
up Ambuja Cements Construction 18.30 2.70 0.54 2.70
down ICICI Bank Financial 23.93 5.71 2.69 2.69
equal Maruti Suzuki India Automobile 31.89 2.95 0.74 2.65
equal Infosys Technology 20.45 4.37 2.57 2.57
up NTPC Energy 13.21 2.23 0.60 2.23
down ITC FMCG 15.86 5.97 2.18 2.18
equal Sun TV Network Services 11.10 2.50 0.67 1.96
equal HDFC Financial 14.94 5.14 1.93 1.93
equal Can Fin Homes Financial 12.78 2.00 0.19 1.76
equal Engineers India Construction 10.79 1.95 0.00 1.74
up HPCL Energy 12.17 1.68 0.86 1.68
equal BPCL Energy 26.98 1.78 0.00 1.67
equal Dr. Reddy's Lab Healthcare 31.99 1.97 0.00 1.65
down ICICI Securities Financial 30.29 2.24 0.00 1.59
equal Orient Electric Engineering 47.10 2.07 1.40 1.53
new VST Industries FMCG 17.24 1.51 0.00 1.51
up Mayur Uniquoters Textiles 13.32 1.50 0.00 1.50
new Birlasoft Technology 12.76 1.49 0.00 1.49
up Cadila Healthcare Healthcare 31.17 1.46 0.00 1.46
equal JTEKT India Automobile 54.90 1.44 0.42 1.44

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

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:


0.46%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 9.3649

Dividend: ₹ 9.3649


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 (₹) --
Exit Load 0

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 18-Oct-2019
Return Since Launch: -6.35%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 31 Cr (As on 30-Jun-2020)
Expense: 0.38% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --
Turnover: --

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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM