ITI ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 23.25 as on 18-04-2024
Fund Performance
156 people have invested ₹ 7.6L in ITI ELSS Tax Saver Fund Direct Growth in the last three months
About the ITI ELSS Tax Saver Fund Direct Growth
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
- ITI ELSS Tax Saver Fund Direct Growth has ₹302 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.5.
ITI ELSS Tax Saver Fund Direct Growth Overview
 | 0.48% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹302 Cr |
 | 18 October, 2019 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 66.46% |
ITI ELSS Tax Saver Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
55.9%
Small cap
20.4%
Mid cap
15.1%
Sector Allocation
Financial Services
21.7%
Consumer Cyclical
18.6%
Industrial
16.9%
Basic Materials
11.2%
Communication
8.8%
Tech
6%
Real Estate
5.1%
Energy
4%
Utilities
3.6%
Consumer Defensive
2.7%
Health
1.4%
Top Holdings of ITI ELSS Tax Saver Fund Direct Growth as on (31-Mar-24)
Equity Holdings52
ITI ELSS Tax Saver Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.81% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.27% in Mar'24
AUM Change
- AUM of the fund stands at 279.4 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ITI ELSS Tax Saver Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Century Textiles & Industries Ltd | 33.7% |
 Zomato Ltd | 29.2% |
 Bharti Airtel Ltd Partly Paidup | 8.1% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
Updater Services Ltd | 0% |
 Sobha Ltd | 26.3% |
Peer Analysis
ITI ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.66% since inception which is more than its category average return of 15.54%
Fund Allocations
This fund has an allocation of 92.99% in Equity, 0% in Debt and 7.01% in Cash related instruments
AUM size ₹302 Cr
This fund has AUM of ₹302 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of ITI ELSS Tax Saver Fund Direct Growth is ₹23.25 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
ITI ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.89% | 4.89% |
6 Month Returns | 26.53% | 26.53% |
1 Year Returns | 53.24% | 53.24% |
3 Years Returns | 75.41% | 20.6% |
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 March 2024
₹302 Cr as on March 2024
State Bank of India(5.12%), Bharti Airtel Ltd (Partly Paid Rs.1.25)(4.73%), Jindal Stainless Ltd(4.53%), Zomato Ltd(4.03%), Bharti Airtel Ltd(3.45%) as on March 2024
Financial Services(20.17%), Consumer Cyclical(17.3%), Industrial(15.68%) as on March 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 | 12.94 | 2.92 | - |
As on March 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 | 0.88 | 0.84 | - |
As on March 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 | 3.58 | 1.11 | - |
As on March 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 | 10.54 | 12.8 | - |
As on March 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 2.46 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.15 as on March 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%