May 14, 2026
RA Jainee
ITI Large & Mid Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 9.53 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 9.53 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Large Midcap 250 TRI |
| AUM Rs. | 645 Cr |
| (As on 31-Mar-2026) | |
| Expense | 2.42% |
| 1 Year Return (%) | 5.62 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -2.25% |
⚖️ Sahifund Review – ITI Large & Mid Cap Fund ✔
PLUS:
✓ Fund has delivered better-than-benchmark 1-year returns despite a difficult broader mid-cap market environment.
✓ Diversified portfolio of 86 stocks reduces single-stock concentration risk significantly.
✓ Balanced allocation across large-cap, mid-cap and selective small-cap stocks improves long-term growth potential.
✓ Strong recent monthly and quarterly performance indicates improving portfolio momentum and stock selection.
✓ Mid-cap exposure of over 40% provides higher wealth-creation potential during bullish market phases.
✓ Suitable for aggressive SIP investors seeking a blend of stability from large caps and growth from mid caps.
✓ Low top-5 stock concentration of just 13.09% reflects good diversification discipline within the portfolio.
MINUS:
⚖️ Very high expense ratio of 2.42% is among the biggest negatives versus established peers in the category.
⚖️ Extremely high turnover ratio of 123% suggests aggressive churning and may increase execution risk.
⚖️ Fund is still relatively new with limited long-term performance history across multiple market cycles.
⚖️ Return since launch remains negative despite recent recovery in broader markets.
⚖️ Mid-cap and small-cap allocation together exceed 60%, which can sharply increase volatility during corrections.
⚖️ Peer funds from larger AMCs continue to maintain stronger long-term consistency and lower costs.
⚖️ Lack of established long-term track record may make conservative investors uncomfortable.
Sahifund View (Decisive Line):
ITI Large & Mid Cap Fund is a high-risk, high-volatility emerging fund suitable only for aggressive SIP investors, while long-term conservative investors may still prefer established large & mid-cap category leaders with stronger track records and lower costs.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Large & MidCap funds are suitable for investors:
1. Seeking exposure in large and mid-cap stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s 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.
Fund Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: Prior to joining ITI Mutual Fund,he was associated with IDBI Asset Management Limited, Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
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 | 0.5% for redemption within 3 months |
Basic Details of ITI Large & Mid Cap Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 11-Sep-24 |
| Return Since Launch | -2.25% |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 645 Cr |
| (As on 31-Mar-2026) | |
| Expense | 2.42% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 123.00% |
ITI Large & Mid Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Large & Mid Cap Dir | -2.04 | -0.57 | 14.73 | 3.44 | -4.31 | 5.62 | — | — | — | — |
| BSE Large Mid Cap TRI | -5.47 | -0.85 | 9.63 | -2.55 | -4.44 | 2.91 | — | — | — | — |
| Equity: Large & MidCap | -3.50 | -0.82 | 10.60 | -0.57 | -3.22 | 5.07 | — | — | — | — |
| Rank within category | 13 | 9 | 3 | 5 | 47 | 26 | — | — | — | — |
| Number of funds in category | 63 | 63 | 63 | 63 | 63 | 57 | 35 | 26 | 21 | 18 |
Peer Comparison of ITI Large & Mid Cap 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 Large & Mid Cap Dir | Unrated | 5.62 | — | — | 2.42 | 645 | -2.25 | 0.50 (90) | 1Y 7M | 123.00 |
| SBI Large & Midcap Dir | 4 star | 8.25 | 17.10 | 17.51 | 0.95 | 34,871 | 16.50 | 0.10 (30) | 13Y 4M | 30.00 |
| Kotak Large & Midcap Dir | 4 star | 8.53 | 18.63 | 17.04 | 0.57 | 27,373 | 16.57 | 1.00 (365) | 13Y 4M | 24.11 |
| ICICI Pru Large & Mid Cap Dir | 5 star | 5.67 | 20.55 | 20.37 | 1.51 | 27,005 | 16.05 | 1.00 (30) | 13Y 4M | 60.00 |
| HDFC Large and Mid Cap Dir | 4 star | 4.65 | 18.85 | 18.48 | 0.79 | 25,295 | 13.22 | 1.00 (365) | 13Y 4M | 3.11 |
ITI Large & Mid Cap Fund Portfolio
| No. of Stocks | 86 |
| Top 10 Stocks | 22.44% |
| Top 5 Stocks | 13.09% |
| Top 3 Sectors | 63.66% |
| Portfolio P/B Ratio | 3.38 |
| Portfolio P/E Ratio | 26.61 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 81,749 | 1,58,730 |
| Giant (%) | — | — |
| Large (%) | 38.86 | 60.48 |
| Mid (%) | 40.17 | 34.03 |
| Small (%) | 20.97 | 8.44 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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