August 20, 2024
mayank
ITI Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,292.9744
Yearly NAV IDCW: Rs 1,294.2692
Monthly NAV IDCW : Rs 1,005.4102
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities.
Fund Manager:
1) 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) | 1 |
| Lock-in Period | NA |
| Exit Load | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details of ITI Liquid Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 24-Apr-19 |
| Return Since Launch | 4.94% |
| Benchmark | CRISIL Liquid Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 51 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.09% |
| (As on 31-Jul-2024) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of ITI Liquid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Liquid Dir | 4.46 | 0.02 | 0.56 | 1.73 | 3.48 | 7.09 | 5.76 | 4.87 | — | — |
| CCIL T Bill Liquidity Weight | 4.13 | 0.00 | 1.48 | 2.35 | 3.48 | 5.83 | 3.95 | 3.53 | — | — |
| Debt: Liquid | 4.68 | 0.02 | 0.58 | 1.79 | 3.64 | 7.36 | 5.95 | 5.22 | — | — |
| Rank within category | 35 | 28 | 36 | 36 | 35 | 33 | 33 | 33 | — | — |
| Number of funds in category | 36 | 37 | 37 | 37 | 37 | 36 | 35 | 34 | 30 | 29 |
Peer Comparison of ITI Liquid 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 | |
| ITI Liquid Dir | 2 star | 7.09 | 5.76 | 4.87 | 0.09 | 51 | 4.94 | 0.01 (1) | 5Y 3M |
| ABSL Liquid Dir | 5 star | 7.47 | 6.06 | 5.35 | 0.21 | 51,274 | 6.91 | 0.01 (1) | 11Y 7M |
| Nippon India Liquid Dir | 4 star | 7.44 | 6.01 | 5.31 | 0.20 | 32,734 | 6.89 | 0.01 (1) | 11Y 7M |
| Axis Liquid Dir | 4 star | 7.44 | 6.03 | 5.31 | 0.15 | 27,339 | 6.87 | 0.01 (1) | 11Y 7M |
| HSBC Liquid Dir | 4 star | 7.42 | 6.00 | 5.26 | 0.12 | 17,291 | 6.83 | 0.01 (1) | 11Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 7 | 64 |
| Macaulay Duration (yrs) | 0.08 | 0.11 |
| Average Maturity (yrs) | 0.09 | 0.11 |
| Yield to Maturity (%) | 6.97 | 6.97 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ITI Liquid Fund
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