August 21, 2024
mayank
ITI Mid Cap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 24.0173
NAV IDCW: Rs 23.0152
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to seek to generate long term capital appreciation by predominantly investing in equity and equity related securities of mid cap stocks.
Fund Manager:
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
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) | 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 | 1% for redemption within 365 days |
Basic Details of ITI Mid Cap Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 05-Mar-21 |
| Return Since Launch | 28.79% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,085 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.43% |
| (As on 31-Jul-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 126.00% |
Trailing Returns (%) of ITI Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Mid Cap Dir | 38.67 | 0.71 | 3.07 | 12.97 | 25.32 | 70.95 | 28.53 | — | — | — |
| BSE 150 MidCap TRI | 29.84 | 0.40 | 3.22 | 12.61 | 20.58 | 54.52 | 27.49 | — | — | — |
| Equity: Mid Cap | 29.36 | 0.79 | 3.76 | 12.61 | 22.19 | 53.50 | 27.01 | — | — | — |
| Rank within category | 3 | 27 | 35 | 17 | 8 | 2 | 9 | — | — | — |
| Number of funds in category | 39 | 40 | 40 | 39 | 39 | 39 | 28 | 23 | 20 | 19 |
Peer Comparison of ITI 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 Mid Cap Dir | 3 star | 70.95 | 28.53 | — | 0.43 | 1,085 | 28.79 | 1.00 (365) | 3Y 5M | 126.00 |
| HDFC Mid-Cap Opportunities Dir | 4 star | 50.02 | 31.62 | 31.33 | 0.72 | 75,382 | 22.75 | 1.00 (365) | 11Y 7M | 22.22 |
| Kotak Emerging Equity Dir | 4 star | 49.92 | 26.85 | 31.17 | 0.34 | 50,602 | 22.59 | 1.00 (365) | 11Y 7M | 35.51 |
| Nippon India Growth Dir | 4 star | 56.15 | 30.07 | 32.05 | 0.79 | 32,971 | 20.37 | 1.00 (30) | 11Y 7M | 22.00 |
| Motilal Oswal Midcap Dir | 5 star | 71.93 | 40.06 | 35.16 | 0.61 | 14,446 | 26.10 | 1.00 (365) | 10Y 5M | 149.00 |
Portfolio Analysis of ITI Mid Cap Fund
| No. of Stocks | 79 |
| Top 10 Stocks | 20.73% |
| Top 5 Stocks | 11.65% |
| Top 3 Sectors | 41.59% |
| Portfolio P/B Ratio | 4.21 |
| Portfolio P/E Ratio | 29.91 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 63,081 | 60,760 |
| Giant (%) | 8.38 | 5.05 |
| Large (%) | 38.83 | 36.74 |
| Mid (%) | 48.67 | 55.97 |
| Small (%) | 4.12 | 4.91 |
| Tiny (%) | — | 0.29 |
Chanakya’s Mutual Fund Guidance For ITI Mid Cap Fund
WILL Post Soon
Apply Online: https://investonline.itiamc.com/#/login
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks