April 19, 2023
mayank
ITI Conservative Hybrid Fund
NAV Growth: Rs 10.5362
NAV IDCW Yearly: Rs 10.5401
NAV IDCW Quarterly: Rs 10.5359
Suitable For Which Investors?
“Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt portion of these funds provides a moderate, but steady stream of income. The small equity allocation though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The sheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments.
Fund Manager:
1) Dhimant Shah
Education: Mr. Shah is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Principal Mutual Fund as a Senior Fund Manager he has worked with HSBC AMC, Reliance Mutual Fund, ASK Raymond James Securities Pvt. Ltd. and IL&FS AMC. Senior Analyst from April 1997 to August 2003.
2) Rohan Korde
Education: Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience: Prior to joining Asset Management Limited, he has worked with BOB Capital Markets as Vice President Research, Prabhudas Lilladher as Vice President Research and Anand Rathi Share & Stock Brokers as Vice President Research.
3) Vikrant Mehta
Education: Mr. Mehta is CFA and M.S.
Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | ITI Mutual Fund |
| Launch Date | 07-Mar-22 |
| Return Since Launch | 4.80% |
| Benchmark | NIFTY 50 Hybrid Composite Debt 15:85 |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 21 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.26% |
| (As on 31-Mar-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
ITI Conservative Hybrid Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Cons Hybrid Dir | 1.23 | -0.03 | 1.26 | 0.83 | 3.04 | 5.52 | — | — | — | — |
| VR MIP TRI | 0.35 | -0.08 | 1.87 | -0.06 | 2.79 | 5.34 | — | — | — | — |
| Hybrid: Conservative Hybrid | 1.44 | 0.04 | 1.63 | 1.11 | 3.10 | 5.37 | — | — | — | — |
| Rank within category | 18 | 29 | 28 | 21 | 14 | 13 | — | — | — | — |
| Number of funds in category | 32 | 32 | 32 | 32 | 32 | 32 | 28 | 25 | 25 | 22 |
ITI Conservative Hybrid Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ITI Cons Hybrid Dir | Unrated | 5.52 | — | — | 0.26 | 21 | 4.80 | — | 1yrs 1mo | — |
| SBI Cons Hybrid Dir | 4 star | 6.72 | 13.57 | 8.78 | 0.57 | 7,357 | 9.61 | 1.00 (365) | 10yrs 3mo | — |
| ICICI Pru Regular Svngs Dir | 5 star | 5.83 | 10.80 | 8.78 | 0.99 | 3,214 | 10.34 | 1.00 (365) | 10yrs 3mo | 21.00 |
| Kotak Debt Hybrid Dir | 5 star | 7.07 | 13.58 | 10.02 | 0.44 | 1,766 | 10.44 | 1.00 (180) | 10yrs 3mo | 24.23 |
| Canara Robeco Cons Hybrid Dir | 4 star | 5.07 | 10.90 | 9.34 | 0.57 | 1,086 | 9.54 | 1.00 (365) | 10yrs 3mo | 181.00 |
Portfolio Analysis
| Number of Stocks | 49 |
| Number of Bonds | 5 |
| Average Maturity (yrs) | 0.37 |
| Top 10 Holdings | 48.62% |
| Portfolio P/B Ratio | 3.04 |
| Portfolio P/E Ratio | 20.63 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,16,825 | 1,81,832 |
| Giant (%) | 88.02 | 59.46 |
| Large (%) | 11.98 | 15.66 |
| Mid (%) | — | 19.22 |
| Small (%) | — | 9.95 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 55 | 57 |
| Modified Duration (yrs) | 0.35 | 3 |
| Average Maturity (yrs) | 0.37 | 4.61 |
| Yield to Maturity (%) | 7.13 | 7.63 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ITI Conservative Hybrid Fund
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