ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl

Equity
Direct
Mid-Cap
ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl

About the Fund

ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl has ₹892 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 28.72% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 72.77% and 27.06% respectively.

Holdings

ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Basic Materials, Health, Utilities, Tech, Real Estate, Corporate, Government, Communication, Energy. Its top holdings are Solar Industries India Ltd, Bank of India, Max Healthcare Institute Ltd Ordinary Shares, Phoenix Mills Ltd, Bharat Dynamics Ltd Ordinary Shares

Taxation

As it is a mid-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 Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl

The investment objective of the Scheme is to seek to generate long term capital appreciation by predominantly investing in equity and equity related securities of mid cap stocks. 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 Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.43%
Benchmark
S&P BSE Midcap TR INR
AUM₹892 Cr
Inception Date10 March, 2021
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
59.8%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 96%

  • Debt & Cash 4%

Mid cap
65.2%

Large cap
16.2%

Small cap
13.8%

Sector Allocation

May'24

Apr'24

Mar'24

Industrial
25.6%
Financial Services
18.6%
Consumer Cyclical
11.7%
Basic Materials
11.2%
Health
7.5%
Utilities
6.2%
Tech
6.2%
Real Estate
5.4%
Communication
4%
Energy
3.7%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 28.72% since inception which is more than its category average return of 20.27%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.03% in Equity, 0.35% in Debt and 3.62% in Cash related instruments
AUM size ₹892 Cr

AUM size ₹892 Cr

This fund has AUM of ₹892 Cr which is less than its category average of ₹ 8078 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 Reinvestment Inc Dist cum Cap Wdrl is ₹22 as on 20-Jun-2024.
Existing (Absolute + CAGR) as on 20-Jun-2024.
ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
7.56%
7.56%
6 Month Returns
33.51%
33.51%
1 Year Returns
72.77%
72.77%
3 Years Returns
105.11%
27.06%
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 May 2024
₹892 Cr as on May 2024
Solar Industries India Ltd(2.92%), Bank of India(2.17%), Max Healthcare Institute Ltd Ordinary Shares(2.08%), Phoenix Mills Ltd(2.07%), Bharat Dynamics Ltd Ordinary Shares(1.99%) as on May 2024
Industrial(24.59%), Financial Services(17.83%), Consumer Cyclical(11.25%) as on May 2024
The alpha ratio for the ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl
15.3
2.07
-
As on May 2024
The alpha for ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl
0.89
0.9
-
As on May 2024
The Beta for ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
3.95
1.38
-
As on May 2024
The sharpe ratio for ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
12.41
14.36
-
As on May 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 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.03 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of ITI Mid Cap Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 1%