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ITI ELSS Tax Saver Fund (G)
ELSS
- NAV 24.88 (-1.09%)
- Fund Size (Cr) ₹385.94
- Expense Ratio 2.3
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹500
- Minimum Additional Investment ₹500
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹500
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Exit Load
0%
- Return Since Launch 20.77%
Basic Details
Dhimant Shah
Nifty 500 TRI
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
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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Standard Deviation
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0.17% -
Jension’s Alpha
2.54%
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Top 10 stock holding in portfolio
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News
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ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
ITI Mutual Fund has announced 16 August 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:
ITI Balanced Advantage Fund:
Regular Plan ' IDCW: 0.10
Direct Plan ' IDCW: 0.10
Powered by Capital Market - Live News
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ITI Mutual Fund announces change in Key Personnel
ITI Mutual Fund has announced that Mr. Chintan Valia has been appointed in place of Mr. Bhuta, as an Associate Director of ITI Asset Management Limited (ITIAML) with effect from July 25, 2024. His brief profile
Details of Mr. Chintan Valia
Age: 41 years
Designation: Associate Director
Qualification: Chartered Accountant & MBA from IIM Bangalore
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Fund House Details & Investment Objective
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Date of Incorporation 15-Jul-2019
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Total AUM (Cr) ₹385.94
ITI ELSS Tax Saver Fund (G) is an ELSS-oriented fund from the renowned AMC, ITI Mutual Fund. Launched in Jul 2019, this fund is managed by Dhimant Shah. With assets under management (AUM) worth ₹385.94 (Cr), as of 06-Sep-2024, ITI ELSS Tax Saver Fund (G) is categorized as a ELSS within its segment. The fund has generated a return of 20.77% since its launch.
The current NAV of ITI ELSS Tax Saver Fund (G) is ₹24.88, as on 06-Sep-2024. The fund’s benchmark index is Nifty 500 TRI. You can invest in ITI ELSS Tax Saver Fund (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 19.72% 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 96.46% in Equity, 1.37% in Debt and 2.17% in cash and cash equivalents
The top 5 sectors the fund invests in are: 10.56% in Banks, 8.23% in Retailing, 8.1% in Industrial Products, 6.64% in Construction and 6.46% in Power.
FAQs on ITI ELSS Tax Saver Fund (G)
ITI ELSS Tax Saver Fund (G) is a popular fund in the ELSS segment. The fund has generated a return of 20.77% since inception. Looking to invest in ITI ELSS Tax Saver Fund (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in ITI ELSS Tax Saver Fund (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 ELSS Tax Saver Fund (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 ELSS Tax Saver Fund (G) today and reap the benefits of this ELSS fund!
In the short term, i.e., 1 year, ITI ELSS Tax Saver Fund (G) has generated annualised return of 53.09%. In the long-term, the fund has generated 19.72% and - in 3 and 5 years respectively. Since its inception, the fund has generated 20.77% returns.
The expense ratio of ITI ELSS Tax Saver Fund (G) Direct Growth is 2.3%. 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 ELSS Tax Saver Fund (G) is ₹385.94 (Cr) as of 06 September 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of ITI ELSS Tax Saver Fund (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 ELSS Tax Saver Fund (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 ELSS Tax Saver Fund (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 ELSS Tax Saver Fund (G). Minimum lumpsum investment ITI ELSS Tax Saver Fund (G) is ₹500 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 ELSS Tax Saver Fund (G) is ₹24.88 as on 06 September 2024.
The 5 biggest stock holdings of ITI ELSS Tax Saver Fund (G) are:
Interglobe Aviat (4.44%), Zomato Ltd (4.32%), Larsen & Toubro (3.96%), Trent (3.91%), KEI Industries (2.93%)
A majority of ITI ELSS Tax Saver Fund (G) 's AUM worth ₹385.94 (Cr) is invested in these 3 top sectors:
- Banks: 10.56%
- Retailing: 8.23%
- Industrial Products: 8.1%
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