August 14, 2024
mayank
ITI ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 26.6614
NAV IDCW: Rs 24.5851
Suitable For Which Investors?
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.
Fund’s Investment Strategy:
The Scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities.
Fund Manager:
1) Vishal Jajoo
Education: Mr. Jajoo is a Chartered Accountant, PGDM (Finance) and MBA (Investments)
Experience: Prior to joining ITI Mutual Fund, he has worked with Tata Investment Corporation Ltd
2) Dhimant Shah
Education: Mr. Shah is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining ITI Mutual Fund, he has worked with Principal Mutual Fund, HSBC AMC, Reliance Mutual Fund, ASK Raymond James Securities Pvt. Ltd. and IL&FS AMC. Senior Analyst from April 1997 to August 2003.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of ITI ELSS Tax Saver Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 18-Oct-19 |
| Return Since Launch | 22.54% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 386 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.48% |
| (As on 30-Jun-2024) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 153.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI ELSS Tax Saver Dir | 24.96 | -1.06 | -1.36 | 11.95 | 21.10 | 54.41 | 21.93 | — | — | — |
| BSE 500 TRI | 17.71 | -0.94 | -1.52 | 11.23 | 15.51 | 35.30 | 18.51 | — | — | — |
| Equity: ELSS | 19.69 | -0.90 | -1.45 | 11.71 | 17.12 | 38.11 | 19.57 | — | — | — |
| Rank within category | 5 | 28 | 21 | 14 | 6 | 2 | 8 | — | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 33 | 32 | 29 | 25 |
Peer Comparison of ITI ELSS Tax Saver Fund
| 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 ELSS Tax Saver Dir | 4 star | 54.41 | 21.93 | — | 0.48 | 386 | 22.54 | — | 4Y 9M | 153.00 |
| SBI Long Term Equity Dir | 5 star | 53.73 | 27.93 | 27.78 | 0.93 | 27,527 | 18.00 | — | 11Y 7M | 21.00 |
| DSP ELSS Tax Saver Dir | 4 star | 44.49 | 20.79 | 25.07 | 0.71 | 17,268 | 19.22 | — | 11Y 7M | 40.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 43.66 | 25.47 | 23.60 | 1.09 | 16,145 | 16.27 | — | 11Y 7M | 43.00 |
| Quant ELSS Tax Saver Dir | 5 star | 49.31 | 26.09 | 37.89 | 0.71 | 11,065 | 23.09 | — | 11Y 7M | 162.00 |
Portfolio Analysis of ITI ELSS Tax Saver Fund
| No. of Stocks | 61 |
| Top 10 Stocks | 33.39% |
| Top 5 Stocks | 19.56% |
| Top 3 Sectors | 42.13% |
| Portfolio P/B Ratio | 4.54 |
| Portfolio P/E Ratio | 29.16 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 92,665 | 1,86,865 |
| Giant (%) | 45.18 | 51.27 |
| Large (%) | 10.87 | 19.28 |
| Mid (%) | 28.27 | 23.87 |
| Small (%) | 15.68 | 7.41 |
| Tiny (%) | — | 0.24 |
Chanakya’s Mutual Fund Guidance For ITI ELSS Tax Saver Fund
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