- Mutual Funds
- ITI Mid Cap Fund - Direct (G)
ITI Mid Cap Fund - Direct (G)
Mid Cap Fund
- NAV 16.11 (0.68%)
- Fund Size (Cr) ₹522.47
- Expense Ratio 0.43
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹1000
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Exit Load
1%
- Return Since Launch 18.73%
Basic Details
Dhimant Shah
Nifty Midcap 150 TRI
OPEN
Lumpsum Returns
SIP Returns
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
-
ITI Mid Cap Fund - Direct (G)
- 522.47
- 10.89%
- 10.68%
- 27.53%
- 30.62%
- -
-
JM Midcap Fund - Direct (G)
- 536.63
- 10.74%
- 8.33%
- 31.32%
- 41.47%
- -
-
JM Midcap Fund - Direct (IDCW)
- 536.63
- 10.74%
- 8.33%
- 31.32%
- 41.47%
- -
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Mahindra Manulife Mid Cap Fund - Direct (G)
- 1553.59
- 8.76%
- 8.99%
- 28.59%
- 36.12%
- 32.24%
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Mahindra Manulife Mid Cap Fund - Direct (IDCW)
- 1553.59
- 8.76%
- 8.99%
- 28.59%
- 36.12%
- 32.26%
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Nippon India Growth Fund - Direct (G)
- 19081.97
- 10.19%
- 11.17%
- 29.36%
- 35.37%
- 32.23%
News
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ITI Mutual Fund Announces merger ITI Conservative Hybrid Fund Merger into ITI Arbitrage Fund
ITI Mutual Fund has approved the merger of ITI Conservative Hybrid Fund Merger into ITI Arbitrage Fund, with effect from 30 December 2023.
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ITI MF Announces change in scheme name
ITI Mutual Fund has announced change in scheme name under the following scheme, with effect from 30 October 2023:
Change in the Scheme Name:
Existing Name Revised Name ITI Long Term Equity Fund ITI ELSS Tax Saver Fund Powered by Capital Market - Live News
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ITI Mutual Fund Announces change in Fund Manager
ITI Mutual Fund has announced that Mr. Alok Ranjan, following changes will be made in schemes of the Fund, with effect from October 3, 2023
Change in the Fund Manager of scheme(s) of ITI Mutual Fund
Name of the Scheme Existing Fund Manager Proposed Fund Manager ITI Large Cap Fund Mr. Dhimant Shah and Mr. Rohan Korde Mr. Alok Ranjan and Mr. Rohan Korde ITI Conservative Hybrid Fund Mr. Vikrant Mehta, Mr. Rohan Korde and Mr. Dhimant Shah Mr. Vikrant Mehta, Mr. Alok Ranjan and Mr. Rohan Korde ITI Arbitrage Fund Mr. Vikrant Mehta and Mr. Rohan Korde Mr. Vikrant Mehta and Mr. Alok Ranjan There will be no change to the Dedicated Fund Manager for overseas investments in ITI Large Cap Fund.
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Fund House Details & Investment Objective
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Date of Incorporation
15-Feb-2021
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Total AUM (Cr)
₹522.47
ITI Mid Cap Fund - Direct (G) is an Mid Cap Fund-oriented fund from the renowned AMC, ITI Mutual Fund. Launched in Feb 2021, this fund is managed by Dhimant Shah. With assets under management (AUM) worth ₹522.47 (Cr), as of 01-Dec-2023, ITI Mid Cap Fund - Direct (G) is categorized as a Mid Cap Fund within its segment. The fund has generated a return of 18.73% since its launch.
The current NAV of ITI Mid Cap Fund - Direct (G) is ₹16.11, as on 01-Dec-2023. The fund’s benchmark index is Nifty Midcap 150 TRI. You can invest in ITI Mid Cap Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
The fund has generated - and - CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 98.71% in Equity and 1.28% in cash and cash equivalents
The top 5 sectors the fund invests in are: 11.26% in Finance, 8.58% in Auto Components, 7.53% in Banks, 7.16% in Industrial Products and 5.91% in Chemicals & Petrochemicals.
FAQs on ITI Mid Cap Fund - Direct (G)
ITI Mid Cap Fund - Direct (G) is a popular fund in the Mid Cap Fund segment. The fund has generated a return of 18.73% since inception. Looking to invest in ITI Mid Cap Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in ITI Mid Cap Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, ITI Mid Cap Fund - Direct (G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in ITI Mid Cap Fund - Direct (G) today and reap the benefits of this Mid Cap Fund fund!
In the short term, i.e., 1 year, ITI Mid Cap Fund - Direct (G) has generated annualised return of 30.62%. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 18.73% returns.
The expense ratio of ITI Mid Cap Fund - Direct (G) Direct Growth is 0.43%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of ITI Mid Cap Fund - Direct (G) is ₹522.47 (Cr) as of 01 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of ITI Mid Cap Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from ITI Mid Cap Fund - Direct (G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case ITI Mid Cap Fund - Direct (G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in ITI Mid Cap Fund - Direct (G). Minimum lumpsum investment ITI Mid Cap Fund - Direct (G) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of ITI Mid Cap Fund - Direct (G) is ₹16.11 as on 01 December 2023.
The 5 biggest stock holdings of ITI Mid Cap Fund - Direct (G) are:
Union Bank (I) (3.04%), Solar Industries (2.96%), Federal Bank (2.69%), Laurus Labs (2.29%), Sundaram Finance (2.24%)
A majority of ITI Mid Cap Fund - Direct (G) 's AUM worth ₹522.47 (Cr) is invested in these 3 top sectors:
- Finance: 11.26%
- Auto Components: 8.58%
- Banks: 7.53%
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