ITI ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
ITI ELSS Tax Saver Fund Direct Growth

About the Fund

ITI ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 18 October, 2019. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ITI ELSS Tax Saver Fund Direct Growth has ₹363 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

ITI ELSS Tax Saver Fund Direct Growth has given a CAGR return of 23.00% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 56.45% and 21.39% respectively.

Holdings

ITI ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Communication, Basic Materials, Tech, Real Estate, Utilities, Energy, Consumer Defensive, Health. Its top holdings are Bharti Airtel Ltd (Partly Paid Rs.1.25), Zomato Ltd, Larsen & Toubro Ltd, Trent Ltd, InterGlobe Aviation Ltd

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of ITI ELSS Tax Saver Fund Direct Growth

To provide long-term capital appreciation by investing predominantly in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for ITI ELSS Tax Saver Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
222 people have invested ₹ 7.3L in ITI ELSS Tax Saver Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.48%
Benchmark
S&P BSE 200 India TR INR
AUM₹363 Cr
Inception Date18 October, 2019
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
66.46%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.3%

  • Debt & Cash 1.7%

Large cap
55.1%
Small cap
26.7%
Mid cap
16.4%
Sector Allocation

Jun'24

May'24

Apr'24

Industrial
24%
Consumer Cyclical
19.6%
Financial Services
15.8%
Communication
12%
Basic Materials
9.9%
Tech
6.6%
Real Estate
5%
Utilities
3.1%
Energy
2.1%
Consumer Defensive
1.2%
Health
0.7%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Bharti Airtel Ltd (Partly Paid Rs.1.25)
Bharti Airtel Ltd (Partly Paid Rs.1.25)
4.98%
0%
Zomato Ltd
Zomato Ltd
4.01%
-12.1%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
3.91%
16.9%
Trent Ltd
Trent Ltd
3.9%
0%
InterGlobe Aviation Ltd
InterGlobe Aviation Ltd
3.53%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ITI ELSS Tax Saver Fund Direct Growth
ITI ELSS Tax Saver Fund Direct Growth
56.5%
21.4%
-
23%
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
57.3%
25.3%
26%
19.6%
Quant ELSS Tax Saver Growth Option Direct Plan
Quant ELSS Tax Saver Growth Option Direct Plan
56%
27.1%
37%
23.7%
SBI Long Term Equity Fund Direct Growth
SBI Long Term Equity Fund Direct Growth
55.4%
28.5%
26.4%
18.1%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Zomato Ltd
Zomato Ltd
9.6%
Nava Ltd
Nava Ltd
8%

ITI ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 23% since inception which is more than its category average return of 16.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.27% in Equity, 0% in Debt and 1.73% in Cash related instruments
AUM size ₹363 Cr

AUM size ₹363 Cr

This fund has AUM of ₹363 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 0.48%

Expense Ratio 0.48%

This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of ITI ELSS Tax Saver Fund Direct Growth is ₹26.75 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
ITI ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.79%
1.79%
6 Month Returns
22.42%
22.42%
1 Year Returns
56.45%
56.45%
3 Years Returns
78.88%
21.39%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.48% as on June 2024
₹363 Cr as on June 2024
Bharti Airtel Ltd (Partly Paid Rs.1.25)(4.98%), Zomato Ltd(4.01%), Larsen & Toubro Ltd(3.91%), Trent Ltd(3.9%), InterGlobe Aviation Ltd(3.53%) as on June 2024
Industrial(23.59%), Consumer Cyclical(19.22%), Financial Services(15.51%) as on June 2024
The alpha ratio for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ITI ELSS Tax Saver Fund Direct Growth
16.58
3.58
-
As on June 2024
The alpha for ITI ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ITI ELSS Tax Saver Fund Direct Growth
0.87
0.83
-
As on June 2024
The Beta for ITI ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ITI ELSS Tax Saver Fund Direct Growth
3.57
1.18
-
As on June 2024
The sharpe ratio for ITI ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ITI ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ITI ELSS Tax Saver Fund Direct Growth
11.18
12.79
-
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.59 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.23 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of ITI ELSS Tax Saver Fund Direct Growth is 0%