August 16, 2024
mayank
ITI Large & Mid Cap Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the ITI Large & Mid Cap Fund Open Date, Close Date?
NFO opens on August 21, 2024
NFO will close on September 04, 2024
What is the Investment Strategy?
The scheme seek to generate long term capital appreciation by investing in equity and equity related securities of large cap & mid cap stocks.
Basic Details
| Fund House | ITI Mutual Fund |
| Issue Open | 21 August 2024 |
| Issue Close | 04 September 2024 |
| Type | Open-ended |
| Category | Equity: Large & MidCap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 3 months |
| Riskometer | Very High |
| Benchmark | NIFTY Large Midcap 250 TRI |
What is the Benchmark Index of ITI Large & Mid Cap Fund?
The Nifty LargeMidcap 250 reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products
Index Variant: Nifty LargeMidcap 250 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.70 | 23.37 | 43.25 | 24.41 | 15.58 |
| Total Return | 3.79 | 24.02 | 44.45 | 25.61 | 17.08 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.30 | 18.54 | 20.47 |
| Beta (NIFTY 50) | 1.02 | 0.92 | 0.91 |
| Correlation (NIFTY 50) | 0.91 | 0.95 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 31.61 | 4.9 | 0.9 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 4.39 |
| Reliance Industries Ltd. | 3.67 |
| ICICI Bank Ltd. | 3.08 |
| Infosys Ltd. | 2.43 |
| ITC Ltd. | 1.65 |
| Larsen & Toubro Ltd. | 1.61 |
| Tata Consultancy Services Ltd. | 1.60 |
| Bharti Airtel Ltd. | 1.44 |
| State Bank of India | 1.21 |
| Axis Bank Ltd. | 1.20 |
Performance Review of the Fund Managers of ITI Large & Mid Cap Fund?
1) Rohan Korde
Education: Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience: Prior to joining ITI Mutual Fund, he has worked with BOB Capital Markets as Vice President
Past Performance of his Schemes
| Fund | ITI Value Fund | It’s Benchmark | ITI Large Cap Fund | It’s Benchmark |
| 1 Year | 45.07 | 30.55 | 34.31 | 30.55 |
| 3 Year | 20.56 | 16.65 | 14.81 | 16.65 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-8-2024
2) 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
Past Performance of his Schemes
| Fund | ITI ELSS Tax Saver Fund | It’s Benchmark | ITI Large Cap Fund | It’s Benchmark |
| 1 Year | 52.44 | 35.71 | 34.31 | 30.55 |
| 3 Year | 19.49 | 18.44 | 14.81 | 16.65 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-8-2024
Which Company Owns ITI Large & Mid Cap Fund?
ITI Asset Management Ltd.
Address: ITI Asset Mangement Limited, ITI House, Building no. 36, Dr. R. K. Shirodkar Marg, Parel, Mumbai – 400012
Website: http://www.itiamc.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in ITI Large & Mid Cap Fund NFO?
Guidance for ITI Large & Mid Cap Fund by Paresh Gordhandas, C.A., Research Analyst.
ITI Mutual Fund has launched its Large and Midcap Fund NFO. The Fund has the Nifty LargeMidcap 250 as its benchmark. The Benchmark comprises of 100 Large cap companies and 150 Midcap companies. The Fund has generated return of 43% in the last one year and 24% in the last five years. The performance of the Fund Managers is key here as the stock picking done by the Fund Managers will eventually reflect in how the Fund performs. We did a sample study of the performance of both the Fund Managers based on the other Funds managed by them and we can say that they have done a good job.
In the coming times, having a balance of Large & Mid cap companies is better option to balance out the returns and risk.
Can invest in this NFO.
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