ITI Flexi Cap Fund Direct Growth

ITI Flexi Cap Fund Direct Growth

Equity

Direct

Flexi Cap

NAV as on 06-12-2024

₹ 19.16

0.4%

1D

Inception Returns

44.2%

/yr

About ITI Flexi Cap Fund Direct Growth

ITI Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 22 February, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ITI Flexi Cap Fund Direct Growth has ₹1263 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

ITI Flexi Cap Fund Direct Growth has given a CAGR return of 44.22% since inception. Over the last 1 year the fund has given a CAGR return of 38.30%.

Holdings

ITI Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Tech, Consumer Cyclical, Basic Materials, Health, Consumer Defensive, Energy, Government, Communication, Real Estate, Utilities, Corporate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, ITC Ltd, VA Tech Wabag Ltd

Taxation

As it is a flexi cap 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 Flexi Cap Fund Direct Growth

The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio that dynamically invests in equity and equity-related securities of companies across various market capitalisation. However, there can be no assurance that the investment objective of the scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Flexi Cap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
192 people have invested ₹ 14.1L in ITI Flexi Cap Fund Direct Growth in the last three months

ITI Flexi Cap Fund Direct Growth Overview

Expense ratio0.39%
Benchmark
S&P BSE 500 India TR INR
AUM₹1263 Cr
Inception Date22 February, 2023
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
112.72%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
ITI Flexi Cap Fund Direct Growth
Nifty 500
flexi cap
1M
2.9%
1.2%
3.1%
3M
0.9%
-0.7%
-0.7%
6M
17.1%
9.1%
13.6%
1Y
38.3%
24.8%
29.6%

Fund Distribution

as on (31-Oct-24)

  • Equity 96.8%

  • Debt & Cash 3.2%

Large cap
41.5%

Small cap
38%

Mid cap
16.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
25.3%
Financial Services
19.2%
Tech
11.6%
Consumer Cyclical
11.5%
Basic Materials
10.5%
Health
5.5%
Consumer Defensive
5.1%
Energy
4.7%
Communication
2.4%
Real Estate
2.2%
Utilities
2.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-3.91%
2.20%
1.93%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -3.91% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 2.61% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.3K Cr
₹ 1.3K Cr
₹ 1.2K Cr
  • AUM of the fund stands at 1.3K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Vishnu Chemicals Ltd's allocation increased from 0.9% to 1.59%
Vishnu Chemicals Ltd's allocation increased from 0.9% to 1.59%
VA Tech Wabag Ltd's allocation increased from 2.01% to 2.41%
VA Tech Wabag Ltd's allocation increased from 2.01% to 2.41%
ITC Ltd's allocation increased from 2.48% to 2.85%
ITC Ltd's allocation increased from 2.48% to 2.85%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.89 % to 3.58 %
Reliance Industries Ltd's allocation decreased from 3.89 % to 3.58 %
Bharti Airtel Ltd's allocation decreased from 2.39 % to 2.29 %
Bharti Airtel Ltd's allocation decreased from 2.39 % to 2.29 %
Godfrey Phillips India Ltd's allocation decreased from 2.18 % to 2.1 %
Godfrey Phillips India Ltd's allocation decreased from 2.18 % to 2.1 %
Mid Cap allocation has gone up from 15.7% to 16.2%
Mid Cap allocation has gone up from 15.7% to 16.2%
Large Cap allocation has gone down from 42.9% to 41.5%
Large Cap allocation has gone down from 42.9% to 41.5%
Small Cap allocation has gone up from 37.7% to 38%
Small Cap allocation has gone up from 37.7% to 38%
Cash allocation has gone up from 2.3% to 3%
Cash allocation has gone up from 2.3% to 3%
Debt allocation has gone up from 0.2% to 0.2%
Debt allocation has gone up from 0.2% to 0.2%

Top 3 Sectors in October were Industrial, Financial Services & Consumer Cyclical

Oct'24
Industrial
25%
Financial Services
19%
Tech
12%
Sep'24
Industrial
23%
Financial Services
19%
Consumer Cyclical
13%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
81
81
77
Top 5 Company Concentration
15.7%
15.2%
15%
Company having highest exposure
HDFC Bank Ltd (3.6%)
Reliance Industries Ltd (3.9%)
Reliance Industries Ltd (4%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
78.1%
75.9%
73.5%
Sector having highest exposure
Industrial (25.3%)
Industrial (22.8%)
Industrial (22.9%)
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Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹9.95K Cr
as on 31-Oct-2024
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com

ITI Flexi Cap 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 44.22% since inception which is more than its category average return of 20.34%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.78% in Equity, 0.19% in Debt and 3.03% in Cash related instruments
AUM size ₹1263 Cr

AUM size ₹1263 Cr

This fund has AUM of ₹1263 Cr which is less than its category average of ₹ 8774 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 1.34%

Frequently Asked Questions for ITI Flexi Cap Fund Direct Growth

The current NAV of ITI Flexi Cap Fund Direct Growth is ₹19.16 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
ITI Flexi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.9%
2.9%
6 Month Returns
17.1%
17.1%
1 Year Returns
38.3%
38.3%
3 Years Returns
0%
0%
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.
0.39% as on November 2024
₹1263 Cr as on November 2024
HDFC Bank Ltd(3.65%), Reliance Industries Ltd(3.58%), ICICI Bank Ltd(3.21%), ITC Ltd(2.85%), VA Tech Wabag Ltd(2.41%) as on November 2024
Industrial(24.47%), Financial Services(18.54%), Tech(11.21%) as on November 2024
The alpha ratio for the ITI Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ITI Flexi Cap Fund Direct Growth
12.2
-
-
As on November 2024
The alpha for ITI Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 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 Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ITI Flexi Cap Fund Direct Growth
0.84
-
-
As on November 2024
The Beta for ITI Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 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 Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ITI Flexi Cap Fund Direct Growth
2.4
-
-
As on November 2024
The sharpe ratio for ITI Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 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 Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ITI Flexi Cap Fund Direct Growth
11.43
-
-
As on November 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.
The Exit load of ITI Flexi Cap Fund Direct Growth is 1%