ITI Focused Equity Fund NFO
NFO opens on May 29, 2023
NFO will close on June 12, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seek to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of upto 30 companies across market capitalization.
Basic Details
Fund House | ITI Mutual Fund |
Issue Open | 29 May 2023 |
Issue Close | 12 June 2023 |
Type | Open-ended |
Category | Equity: Flexi Cap |
Min. Investment(Rs) | 5,000 |
Plans | Growth, IDCW |
Lock-in Period | NA |
Exit Load | 1% for redemption within 360 days |
Riskometer | Very High |
Benchmark | NIFTY 500 TRI |
About Benchmark Index
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | 4.55 | -1.48 | 2.95 | 9.89 | 10.08 |
Total Return | 4.58 | -1.35 | 4.04 | 11.13 | 11.81 |
Statistics ## | 1 Year | 5 Years | Since Inception |
Std. Deviation * | 14.00 | 18.75 | 22.70 |
Beta (NIFTY 50) | 0.98 | 0.95 | 0.93 |
Correlation (NIFTY 50) | 0.98 | 0.99 | 0.95 |
Fundamentals
P/E | P/B | Dividend Yield |
21.82 | 3.98 | 1.38 |
Top constituents by weightage
Company’s Name | Weight(%) |
Reliance Industries Ltd. | 6.88 |
HDFC Bank Ltd. | 6.25 |
ICICI Bank Ltd. | 5.38 |
Housing Development Finance Corporation | 4.23 |
Infosys Ltd. | 3.76 |
ITC Ltd. | 3.15 |
Tata Consultancy Services Ltd. | 2.77 |
Larsen & Toubro Ltd. | 2.4 |
Kotak Mahindra Bank Ltd. | 2.39 |
Axis Bank Ltd. | 1.98 |
Fund Manager
1) Dhimant Shah
Education: Mr. Shah is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Principal Mutual Fund as a Senior Fund Manager he has worked with HSBC AMC, Reliance Mutual Fund, ASK Raymond James Securities Pvt. Ltd. and IL&FS AMC. Senior Analyst from April 1997 to August 2003.
Past Performance of his Schemes
Fund | ITI Multi Cap Fund | It’s Benchmark | ITI Small Cap Fund | It’s Benchmark |
1 Year | 17.78 | 12.89 | 20.82 | 16.27 |
3 Year | 22.50 | 29.61 | 33.27 | 43.48 |
5 Year | — | — | — | — |
7 Year | — | — | — | — |
10 Year | — | — | — | — |
2) Rohan Korde
Education: Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience: Prior to joining Asset Management Limited, he has worked with BOB Capital Markets as Vice President Research, Prabhudas Lilladher as Vice President Research and Anand Rathi Share & Stock Brokers as Vice President Research.
Past Performance of his Schemes
Fund | ITI Value Fund | It’s Benchmark | ITI Arbitrage Fund | It’s Benchmark |
1 Year | 21.67 | 13.99 | 4.44 | 3.67 |
3 Year | — | — | 3.52 | 2.55 |
5 Year | — | — | — | — |
7 Year | — | — | — | — |
10 Year | — | — | — | — |
AMC:
ITI Asset Management Ltd.
Address: ITI Asset Mangement Limited, ITI House, Building no. 36, Dr. R. K. Shirodkar Marg, Parel, Mumbai – 400012
Website: http://www.itiamc.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: http://www.karvymfs.com
Guidance for ITI Focused Equity Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
As the name suggests, the scheme seek to generate long term capital appreciation by investing in a concentrated portfolio up to 30 companies across market capitalization. So if the fund managers have an eye to identify such growing sectors/companies, you may earn ample returns. Lets check the returns the benchmark index has provided. The benchmark index has provided return of 10.08% since inception and only 2.95% only during last one year. Last one year return is not at all impressive.
Lets analyze the performance of the fund managers. We have randomly selected the schemes managed by these two fund managers. Such schemes have provided returns better than the benchmark index during various periods.
We expect that even this fund may provide reasonably good returns. May Apply. Invest Online
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