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Established in 2018, ITI Mutual Fund boasts of offering investor-centric investment solutions curated and managed by a highly experienced team of researchers and managers. They claim to have some of the finest minds in the equity research, investment management, and credit research fields onboard, which helps them run a unique investment philosophy and also adopt robust investment strategies. They focus on creating long-term wealth for their clients. Investment Trust of India Ltd. is the promoter of ITI Mutual Fund (ITIMF).
ITIMF is a part of the ITI Group of Companies. This is an emerging conglomerate that offers various financial services, including equity research, equity broking, asset-based lending, investment banking, alternative investment funds, and more. The AMC has around 29 branches in India. ITI AMC has an AUM of ₹4,764 crore, as of June 2023.
Following are the values of the company in their own words:
Founding date | 14 May 2018 |
AMC Incorporation date | 10 Jan 2008 |
Headquarters in | Mumbai |
Name of the sponsors | The Investment Trust of India Ltd. and Fortune Credit Capital Ltd. |
Trustee organisation | ITI Mutual Fund Trustee Pvt. Ltd. |
MD and CEO | Mr. Hitesh Thakkar |
Chief Investment Officer | Mr. Rajesh Bhatia |
Compliance Officer | Ms. Nisha Sanjeev |
GJ
George Heber Joseph
Fund Manager since Jan 2020 (4 years)
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George Heber Joseph is an Associate Chartered Accountant. He worked at ICICI Prudential AMC before joining ITI Mutual Fund. Currently, he is the CEO & Chief Investment Officer.
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Pradeep Gokhale
Fund Manager since Apr 2022 (2 years)
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Pradeep Gokhale is a Chartered Financial Analyst and Chartered Accountant. He worked at Tata Asset Management Ltd, CARE Ratings Ltd, Bombay Dyeing, Tata International and Lubrizol India Ltd before joining ITI Mutual Fund.
VM
Vikrant Mehta
Fund Manager since Apr 2022 (2 years)
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Vikrant Mehta worked at Mata Securities, JM Morgan Stanley, NVS Brokerage, AIG, PineBridge Investments and Indiabulls Asset Management before joining ITI Mutual Fund.
DS
Dhimant Shah
Fund Manager since May 2023 (1 year)
Investing in the ITI Mutual Fund on Angel One is a hassle-free process. If you don’t have an Angel One Demat account, you can open one in under a few minutes by submitting the required documents. All you have to do is follow these steps:
Step 1: Log in to your Angel One using your mobile number and validate the OTP. Next, enter your MPIN.
Step 2: Determine the most suited fund based on your needs and risk profile. You can learn more about each fund on the Angel One app under the mutual fund section. Things to consider at this stage are:
Step 3: Once you finalise the ITI Mutual Fund scheme you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in. Then,
Investing in ITI Mutual Fund through Angel One is a digitally streamlined experience. The KYC process is simple, requiring only essential documents:
With Angel One, your KYC verification is a hassle-free procedure, ensuring efficient access to ITI Mutual Fund for both new and returning investors. You can count on our user-friendly platform to help you achieve your financial goals. Your KYC process will be completed in just 48-72 business hours, enabling you to initiate your mutual fund journey.
Name of the Fund | Sub Category | AUM (₹in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) | |
ITI Small Cap Fund | Small Cap Fund | 1450.13 | 500 | 27.7 | – | 0.24 |
ITI Multi-Cap Fund | Multi Cap Fund | 643.11 | 500 | 23.71 | – | 0.5 |
ITI Long Term Equity Fund | Equity Linked Savings Scheme (ELSS) | 198.22 | 500 | 21.36 | – | 0.5 |
ITI Balanced Advantage Fund | Balanced Advantage Fund | 329.11 | 500 | 13.14 | – | 0.6 |
ITI Liquid Fund | Liquid Fund | 48.84 | 500 | 4.57 | – | 0.09 |
ITI Overnight Fund | Overnight Fund | 59.62 | 500 | 4.42 | – | 0.08 |
ITI Arbitrage Fund | Arbitrage Fund | 9.49 | 500 | 4.15 | – | 0.2 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
ITI Small Cap Fund is categorised as a Small Cap Fund. It manages assets worth ₹1450.13 crore and maintains a low expense ratio of 0.24%. Over the past 3 years, it has demonstrated a Compound Annual Growth Rate (CAGR) of 27.7%. This fund allows investors to begin with a minimum investment of ₹500. Small Cap Funds primarily invest in stocks of smaller companies, aiming to provide capital appreciation over the long term.
ITI Multi-Cap Fund operates as a Multi Cap Fund with assets under management (AUM) totalling ₹643.11 crore and an expense ratio of 0.5%. Over the last 3 years, it has delivered a CAGR of 23.71%. The minimum investment in this fund is ₹500. Multi Cap Funds invest across different market cap, providing diversification through exposure to various types of stocks.
ITI Long Term Equity Fund falls under the Equity Linked Savings Scheme (ELSS) category, with an AUM of ₹198.22 crore and an expense ratio of 0.5%. It has delivered a 21.36% CAGR over the past 3 years. Investors can start with a minimum investment of ₹500. ELSS funds offer tax benefits under Section 80C of the Income Tax Act and primarily invest in equities to achieve capital appreciation.
ITI Balanced Advantage Fund is categorised as a Balanced Advantage Fund, managing ₹329.11 crore in assets with an expense ratio of 0.6%. Over the past 3 years, it has generated a CAGR of 13.14%. The fund requires a minimum investment of ₹500. Balanced Advantage Funds maintain a mix of equities and fixed-income instruments to achieve a balance between growth and stability.
ITI Liquid Fund operates as a Liquid Fund, with an AUM of ₹48.84 crore and a low expense ratio of 0.09%. It has provided a 4.57% CAGR over the last 3 years. The minimum investment in this fund is ₹500. Liquid Funds primarily invest in short-term, highly liquid assets such as money market instruments and government securities, making them suitable for parking surplus funds.
ITI Overnight Fund falls under the category of Overnight Funds and manages ₹59.62 crore in assets, with an expense ratio of 0.08%. It has demonstrated a 4.42% CAGR in the past 3 years. This fund allows investors to begin with a minimum investment of ₹500. Overnight Funds invest in very short-term debt instruments, offering a high degree of safety and liquidity.
ITI Arbitrage Fund is categorised as an Arbitrage Fund, with an AUM of ₹9.49 crore and an expense ratio of 0.2%. Over the past 3 years, it has provided a 4.15% CAGR. Investors can start with a minimum investment of ₹500. Arbitrage Funds aim to benefit from price differentials between cash and derivative markets, minimising market risk.