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Unrated

ITI Mid Cap Fund - Regular Plan


Equity: Mid Cap

Suitability:

"When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.

This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

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 mid-cap fund, if you need to redeem your investment in less than seven 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 2.98 0.25 1.79 -0.50 -5.86 1.94 -- -- -- -- --
S&P BSE 150 MidCap TRI 4.60 -0.02 2.63 2.94 -0.91 14.42 -- -- -- -- --
Equity: Mid Cap 4.20 0.07 2.39 3.47 0.17 14.70 -- -- -- -- --
Rank within category 31 8 29 33 33 32 -- -- -- -- --
Number of funds in category 35 35 35 33 33 32 29 24 21 20 18

As on 14-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Mid Cap Fund - Regular Plan
Unrated
Mar-21 -- -- -- 2.62% 370
Kotak Emerging Equity Fund Regular Plan  | Invest Online
4 star
Mar-07 44.82 27.16 19.77 1.81% 17,529
Axis Midcap Fund
5 star
Feb-11 39.27 27.42 23.87 1.82% 16,835
Nippon India Growth Fund  | Invest Online
4 star
Oct-95 44.43 26.25 19.79 1.88% 11,906
PGIM India Midcap Opportunities Fund - Regular Plan  | Invest Online
5 star
Dec-13 58.73 38.10 23.56 2.13% 4,070

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.41 26-Aug-2021 - 02-Sep-2021 -6.61 13-Dec-2021 - 20-Dec-2021
Month 12.44 14-May-2021 - 15-Jun-2021 -8.34 18-Nov-2021 - 20-Dec-2021
Quarter 17.08 22-Apr-2021 - 22-Jul-2021 -6.50 12-Oct-2021 - 11-Jan-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 150 MidCap TRI* 24.78 25.06 0.84 0.91 -- --
Equity: Mid Cap* 23.26 23.32 0.84 0.88 0.90 0.51
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 35
Top 10 Stocks (%) 36.21
Top 5 Stocks (%) 20.59
Top 3 Sectors (%) 50.97
Portfolio P/B Ratio 3.12
Portfolio P/E Ratio 22.79

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 28,587 30,314
Giant (%) 9.77 5.00
Large (%) 2.19 15.33
Mid (%) 81.75 74.25
Small (%) 6.30 6.40
Tiny (%) -- 1.02

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 18.04 5.37 2.18 5.20
new Natco Pharma Healthcare 65.72 5.01 0.00 5.01
down MRF Automobile 26.70 4.23 0.00 3.54
up Bayer CropScience Chemicals 53.70 3.92 0.00 3.49
down Sanofi India Healthcare 17.87 4.18 0.00 3.36
down Whirlpool Consumer Durable 37.00 4.78 0.00 3.26
up Cummins India Engineering 31.36 3.22 0.00 3.21
down Amara Raja Batteries Engineering 16.75 4.95 0.00 3.12
new Sun Pharmaceutical Industries Healthcare 32.95 3.08 0.00 3.08
up Kansai Nerolac Paints Chemicals 61.49 3.10 0.50 2.96
down The Federal Bank Financial 11.74 4.07 1.79 2.93
new Hindustan Unilever FMCG 66.13 2.87 0.00 2.87
down Max Financial Services Financial 119.01 3.10 0.53 2.83
down Hindustan Petroleum Corporation Energy 4.93 4.59 0.00 2.45
down Suven Pharmaceuticals Healthcare 35.11 3.03 1.13 2.28
down Schaeffler India Engineering 50.41 3.17 0.04 2.18
down Bank of Baroda Financial 12.71 4.49 1.65 1.99
new Infosys Technology 37.72 1.99 0.00 1.99
down Mahanagar Gas Energy 10.41 3.13 0.00 1.86
down Bharat Electronics Engineering 23.34 2.22 1.69 1.78
down Sun TV Network Services 12.04 2.46 0.00 1.71
down CreditAccess Grameen Financial 108.26 2.52 0.58 1.70
down Godrej Industries Diversified 53.45 2.25 0.00 1.62
new Sumitomo Chemical India Chemicals 53.95 1.58 0.00 1.58
down Akzo Nobel India Chemicals 30.82 2.23 0.15 1.55

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-Feb-2021

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-Feb-2021

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:


0.25%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 11.6913

IDCW: ₹ 11.6913


Investment Strategy

The scheme seeks to seek to generate long term capital appreciation by predominantly investing in equity and equity related securities of mid cap stocks.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 05-Mar-2021
Return Since Launch: 16.91%
Benchmark: NIFTY Midcap 150 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 370 Cr (As on 31-Dec-2021)
Expense: 2.62% (As on 30-Nov-2021)
Risk Grade: --
Return Grade: --
Turnover: --

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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