ITI Liquid Fund Direct Growth

ITI Liquid Fund Direct Growth

Debt

Direct

Liquid

NAV as on 02-11-2024

₹ 1311.18

Inception Returns

5%

/yr

About ITI Liquid Fund Direct Growth

ITI Liquid Fund Direct Growth is a debt fund. This fund was started on 24 April, 2019. The fund is managed by Vikrant Mehta. This fund is suitable to keep your money safe.

Key Parameters

  1. ITI Liquid Fund Direct Growth has ₹102 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

ITI Liquid Fund Direct Growth has given a CAGR return of 5.02% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.11%, 6.03% and 4.95% respectively.

Holdings

ITI Liquid Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent. Its top holdings are Govt Stock, Export-Import Bank Of India, Bank Of Baroda, HDFC Bank Limited, Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)

Taxation

As it is a liquid mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of ITI Liquid Fund Direct Growth

The investment objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be realised.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
8 people have invested ₹ 81K in ITI Liquid Fund Direct Growth in the last three months

ITI Liquid Fund Direct Growth Overview

Expense ratio0.09%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹102 Cr
Inception Date24 April, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.0%
Lock InNo Lock-in
TurnOver
684.28%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (02-Nov-24)

Period
ITI Liquid Fund Direct Growth
Liquid Index
1M
0.6%
0.6%
3M
1.7%
1.7%
6M
3.5%
3.4%
1Y
7.1%
7.2%
3Y
6%
6.1%
5Y
4.9%
5.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Cash Equivalent
53.1%
Corporate
46.9%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 67.6 Cr
₹ 61.9 Cr
₹ 51.4 Cr
  • AUM of the fund stands at 67.6 Cr as of Sep'24
  • AUM increased by 5.6 Cr between Sep'24 and Aug'24
Cash allocation has gone up from 99.7% to 99.8%
Cash allocation has gone up from 99.7% to 99.8%

Top 2 Sectors in September were Corporate, Government

Sep'24
Corporate
47%
Aug'24
Corporate
27%
Government
3%
  • Debt & Cash

Holdings
Weight%
1M Change
Govt Stock
Govt Stock
17.58%
38.5%
Export-Import Bank Of India
Export-Import Bank Of India
9.27%
0%
Bank Of Baroda
Bank Of Baroda
9.23%
0%
HDFC Bank Limited
HDFC Bank Limited
9.19%
0%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
9.14%
0%
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Vikrant Mehta
Vikrant Mehta
Fund Manager of ITI Liquid Fund Direct Growth, since 18 January 2021
Fund House
ITI Asset Management Limited
Total Schemes
Total AUM
₹8.88K Cr
as on 30-Sep-2024
Address
Naman Midtown “A” Wing, 21st Floor, Senapati Bapat Marg, Elphinstone Road
Phone
022-66214999
Website
mfassist@itiorg.com

Mutual Fund Insights

Insights icon
In the last 1 year, Edelweiss Liquid Fund Direct Growth has given 7.56% return, outperforming this fund by 0.45%.
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In the last 5 years, Quant Liquid Plan Growth Option Direct Plan has given 5.76% return, outperforming this fund by 0.81% per annum.
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In the last 3 years, Aditya Birla Sun Life Liquid Direct Plan Growth has given 6.34% return, outperforming this fund by 0.31% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (liquid). Its expense ratio is 0.09% which is lower than the category average expense ratio of 0.26%.
Insights icon
Over the last 1 month, this fund has experienced a 61.8% growth in AUM moving from 63.23 Cr to 102.33 Cr.

ITI Liquid Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.02% since inception which is more than its category average return of 4.97%
AUM size ₹102 Cr

AUM size ₹102 Cr

This fund has AUM of ₹102 Cr which is less than its category average of ₹ 13624 Cr
Expense Ratio 0.09%

Expense Ratio 0.09%

This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.23%

Frequently Asked Questions for ITI Liquid Fund Direct Growth

The current NAV of ITI Liquid Fund Direct Growth is ₹1311.18 as on 02-Nov-2024.
Existing (Absolute + CAGR) as on 02-Nov-2024.
ITI Liquid Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.57%
0.57%
6 Month Returns
3.48%
3.48%
1 Year Returns
7.11%
7.11%
3 Years Returns
19.22%
6.03%
5 Years Returns
27.32%
4.95%
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.
0.09% as on October 2024
₹102 Cr as on October 2024
Govt Stock(17.58%), Export-Import Bank Of India(9.27%), Bank Of Baroda(9.23%), HDFC Bank Limited(9.19%), Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)(9.14%) as on October 2024
Yield to Maturity is 6.9 as on October 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.12 as on October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Vikrant Mehta is the fund manager of ITI Liquid Fund Direct Growth
The Exit load of ITI Liquid Fund Direct Growth is 0.01%