ITI Mid Cap Fund Direct Growth

ITI Mid Cap Fund Direct Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 21.89 as on 24-05-2024

About the Fund

ITI Mid Cap Fund Direct Growth is an equity fund. This fund was started on 10 March, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ITI Mid Cap Fund Direct Growth has ₹820 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.
Fund Performance
zero opening, trading, fund transfer fee
204 people have invested ₹ 27.8L in ITI Mid Cap Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.43%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹820 Cr
Inception Date
Inception Date
10 March, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
59.8%

ITI Mid Cap Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 95.9%

  • Debt & Cash 4.1%

Size breakup

Mid cap
65.6%
Small cap
15.5%
Large cap
14.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Industrial
23.4%
Financial Services
20.4%
Consumer Cyclical
12.4%
Basic Materials
11.5%
Health
7.9%
Utilities
6.7%
Tech
6.2%
Real Estate
4.6%
Communication
3.3%
Energy
2.7%
Consumer Defensive
0.9%

Top Holdings of ITI Mid Cap Fund Direct Growth as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings76
Debt Holdings1

Gainers & Losers Returns for the month of Apr

Top Growth Drivers
1M Return
Schaeffler India Ltd
Schaeffler India Ltd
40.9%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
6.92%
1.79%
2.03%
Nifty Midcap 150
4.47%
-1.16%
0.27%
  • This fund’s returns stands at 6.92% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
  • This fund outperformed Nifty Midcap 150 by 2.45% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 820 Cr
₹ 748.3 Cr
₹ 716.2 Cr
  • AUM of the fund stands at 820 Cr as of Apr'24
  • AUM increased by 71.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

INDmoney Rank

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Pros

3Y returns in the top 25% of the category

Cons

No bad points found for this fund.

ITI Mid 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 27.7% since inception which is more than its category average return of 19.67%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.9% in Equity, 0.36% in Debt and 3.74% in Cash related instruments
AUM size ₹820 Cr

AUM size ₹820 Cr

This fund has AUM of ₹820 Cr which is less than its category average of ₹ 7789 Cr
Expense Ratio 0.43%

Expense Ratio 0.43%

This fund has an expense ratio of 0.43% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of ITI Mid Cap Fund Direct Growth is ₹21.89 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
ITI Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.91%
8.91%
6 Month Returns
39.45%
39.45%
1 Year Returns
77.12%
77.12%
3 Years Returns
109.17%
27.89%
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.
0.43% as on April 2024
₹820 Cr as on April 2024
Solar Industries India Ltd(3.04%), Bank of India(2.68%), Max Healthcare Institute Ltd Ordinary Shares(2.53%), SJVN Ltd(2.13%), REC Ltd(2.03%) as on April 2024
Industrial(22.42%), Financial Services(19.6%), Consumer Cyclical(11.85%) as on April 2024
The alpha ratio for the ITI Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ITI Mid Cap Fund Direct Growth
11.57
0.98
-
As on April 2024
The alpha for ITI Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ITI Mid Cap Fund Direct Growth
0.89
0.9
-
As on April 2024
The Beta for ITI Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 Mid 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 Mid Cap Fund Direct Growth
3.91
1.39
-
As on April 2024
The sharpe ratio for ITI Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 Mid 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 Mid Cap Fund Direct Growth
12.4
14.38
-
As on April 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 3.03 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of ITI Mid Cap Fund Direct Growth is 1%