ITI Value Fund - Direct Plan - Growth Option
The investment objective of the scheme is to seek to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related instruments by following value investing strategy. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.Read more
- Current NAV₹17.9776
- Fund Size (AUM)₹ 346 Cr.
- Expense Ratio1.51 %
- 1Y Return-1.62%
- 3Y Return (CAGR)+10.98%
- 5Y Return (CAGR)+10.03%
- Category Rank (3Y)—
- RiskometerVery High Risk
- Min. SIP / Lump sum₹ 500 / ₹ 5,000
More figures (11)
- Since Launch (CAGR)+11.64%
- BenchmarkNifty 500
- Volatility (3Y)17.38 %
- Sharpe Ratio (3Y)0.26
- Beta (3Y)1.14
- 52-week High / Low₹19.2233 / ₹16.1786
- Max Drawdown-22.7 %
- Launched17 Jun 2021
- Lock-inNone
- Portfolio Turnover170 %
- Fund ManagersDhimant Shah, Nilay Dalal
Performance chart
Benchmark: Nifty 500 price index (excludes dividends, so it slightly understates the index's total return). Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 10.0% a year, against Nifty 500 7.1%.
- Volatility over 3 years was 17.4% a year (Nifty 500: 14.5%), with a Sharpe ratio of 0.26.
- Its biggest fall from a peak was 22.7% (18 Oct 2021 to 20 Jun 2022).
- It did better than the Nifty 500 in 3 of the last 4 calendar years.
- Across all 3-year periods since launch, yearly returns ranged from 10.7% to 26.7% and were positive 100% of the time.
- Expense ratio 1.51%, fund size ₹346 crore.
Pros
AI- Ahead of the Nifty 500 by 2.9 points a year over 5 years (10.0% against 7.1%).
- Every 3-year period since launch gave a positive return (lowest 10.7% a year).
- Beat the Nifty 500 in 100% of rolling 3-year periods.
Cons
AI- More volatile than the Nifty 500 over 3 years (17.4% against 14.5% a year).
- Expense ratio of 1.51% is above the category median of 1.11%.
- Small fund size of ₹346 crore.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +1.02% | -2.71% | -4.58% | -1.11% | -5.37% | -1.62% | -2.07% | +10.98% | +10.03% | — | — | +11.64% |
| Nifty 500 | +1.84% | -1.16% | -4.14% | -1.70% | -6.71% | -5.49% | -3.01% | +8.59% | +7.14% | +13.32% | +11.51% | +11.96% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Value & Contra Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| This fund | -5.37% | +5.32% | +20.57% | +38.94% | +7.86% |
| Nifty 500 | -6.71% | +6.69% | +15.16% | +25.76% | +3.02% |
| Difference | +1.34% | -1.37% | +5.41% | +13.18% | +4.84% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.8 | 0.4 | -12.8 | 14.4 | -0.5 | 2.0 | 0.1 | 1.7 | -5.2 | -0.8 | |||
| 2025 | -6.7 | -9.7 | 7.8 | 1.7 | 6.0 | 3.2 | -1.9 | -3.5 | 2.7 | 4.5 | 1.0 | 1.5 | 5.3 |
| 2024 | 4.3 | 2.0 | 1.5 | 5.4 | 2.0 | 5.9 | 4.8 | -0.5 | -0.1 | -5.8 | 0.9 | -0.9 | 20.6 |
| 2023 | -2.4 | -0.8 | 0.7 | 4.0 | 4.1 | 5.2 | 5.5 | -0.4 | 3.8 | -2.5 | 7.4 | 9.6 | 38.9 |
| 2022 | 0.1 | -4.6 | 1.3 | -1.0 | -2.3 | -4.5 | 8.8 | 4.9 | -1.3 | 5.7 | 3.5 | -2.0 | 7.9 |
| 2021 | -0.9 | 1.4 | 5.7 | -0.5 | -6.0 | 0.8 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 38 of 64 months shown (59%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 17.38% | 16.21% |
| Nifty 500 volatility ? | 14.52% | 14.58% |
| Sharpe ratio ? | 0.26 | 0.22 |
| Sortino ratio ? | 0.34 | 0.29 |
| Beta ? | 1.14 | 1.05 |
| Alpha (yearly) ? | 2.10% | 2.86% |
| R-squared ? | 0.90 | 0.89 |
| Up-market capture ? | 110.80% | 108.10% |
| Down-market capture ? | 101.10% | 92.70% |
| Maximum drawdown | -21.41% | -22.72% |
Rolling 3-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
When the Nifty 500 fell more than 10%
| Fall (peak to bottom) | Nifty 500 | This fund | Difference | Fund, 1 year after bottom | Index, 1 year after bottom |
|---|---|---|---|---|---|
| 26 Sep 2024 → 28 Feb 2025 | -18.8% | -21.0% | -2.2 | 22.1% | 16.5% |
| 1 Dec 2022 → 28 Mar 2023 | -11.2% | -7.4% | +3.8 | 56.5% | 41.3% |
| 18 Oct 2021 → 20 Jun 2022 | -18.5% | -22.7% | -4.2 | 36.1% | 25.1% |
Every fall of more than 10% in the benchmark since the fund was launched, measured between the index's peak and bottom dates. "Difference" in percentage points: positive means the fund fell less.
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 18 Oct 2021 | 20 Jun 2022 | -22.7% | 25 May 2023 | 11 months |
| 27 Sep 2024 | 3 Mar 2025 | -21.4% | Not yet | — |
| 3 Jun 2024 | 4 Jun 2024 | -9.2% | 13 Jun 2024 | 9 days |
| 5 Mar 2024 | 13 Mar 2024 | -7.3% | 1 Apr 2024 | 19 days |
| 17 Oct 2023 | 26 Oct 2023 | -5.7% | 15 Nov 2023 | 20 days |
| 31 Jul 2024 | 6 Aug 2024 | -5.7% | 27 Sep 2024 | 52 days |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR | Nifty 500 XIRR |
|---|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,17,017 | ₹-2,983 | -4.56% | -6.28% |
| 3Y | ₹3,60,000 | ₹3,74,895 | ₹14,895 | +2.65% | +1.15% |
| 5Y | ₹6,00,000 | ₹7,87,676 | ₹1,87,676 | +10.82% | +7.13% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Value & Contra Funds (28)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Axis Value FundAxis Mutual Fund | ₹20.8900 | — | — | — | — | — | 1.00 | 1,836 | Very High Risk |
| 2. | Bandhan Contra FundBandhan Mutual Fund | ₹9.6737 | — | — | — | — | — | — | — | — |
| 3. | Bandhan Value FundBandhan Mutual Fund | ₹166.0150 | — | — | — | — | — | 0.99 | 9,507 | Very High Risk |
| 4. | BANK OF INDIA VALUE FUNDBank of India Mutual Fund | ₹9.9100 | — | — | — | — | — | — | — | — |
| 5. | Baroda BNP Paribas Value FundBaroda BNP Paribas Mutual Fund | ₹13.6584 | — | — | — | — | — | 1.19 | 920 | Very High Risk |
| 6. | Canara Robeco Value FundCanara Robeco Mutual Fund | ₹18.4600 | — | — | — | — | — | 0.83 | 1,213 | Very High Risk |
| 7. | DSP Value FundDSP Mutual Fund | ₹24.0070 | — | — | — | — | — | — | 2,225 | Very High Risk |
| 8. | Groww Value FundGroww Mutual Fund | ₹32.3133 | — | — | — | — | — | 1.62 | 80 | Very High Risk |
| 9. | HDFC Value FundHDFC Mutual Fund | ₹867.4550 | — | — | — | — | — | 1.11 | 8,039 | Very High Risk |
| 10. | HSBC Value FundHSBC Mutual Fund | ₹125.0226 | — | — | — | — | — | 0.89 | 14,660 | Very High Risk |
| 11. | ICICI Prudential Contra FundICICI Prudential Mutual Fund | ₹10.0100 | — | — | — | — | — | — | — | — |
| 12. | ICICI Prudential Value Fund (erstwhile Value Discovery Fund)ICICI Prudential Mutual Fund | ₹492.4500 | — | — | — | — | — | 1.07 | 57,250 | Very High Risk |
| 13. | Invesco India Contra FundInvesco Mutual Fund | ₹154.3000 | — | — | — | — | — | 0.77 | 19,248 | Very High Risk |
| 14. | ITI Value FundITI Mutual Fund | ₹17.9776 | — | — | — | — | — | 1.51 | 346 | Very High Risk |
| 15. | JM Value FundJM Financial Mutual Fund | ₹107.7050 | — | — | — | — | — | 1.58 | 780 | Very High Risk |
| 16. | Kotak Contra FundKotak Mahindra Mutual Fund | ₹174.9580 | — | — | — | — | — | 0.79 | 5,196 | Very High Risk |
| 17. | LIC MF Value FundLIC Mutual Fund | ₹30.4688 | — | — | — | — | — | 1.86 | 336 | Very High Risk |
| 18. | Mahindra Manulife Value FundMahindra Manulife Mutual Fund | ₹12.3338 | — | — | — | — | — | — | — | — |
| 19. | Nippon India Value FundNippon India Mutual Fund | ₹234.2599 | — | — | — | — | — | 1.27 | 8,479 | Very High Risk |
| 20. | NJ Value FundNJ Mutual Fund | ₹9.3000 | — | — | — | — | — | — | — | — |
| 21. | Quant Value Fundquant Mutual Fund | ₹23.1288 | — | — | — | — | — | 0.92 | 1,917 | Very High Risk |
| 22. | Quantum Value FundQuantum Mutual Fund | ₹122.2700 | — | — | — | — | — | 1.09 | 1,048 | Very High Risk |
| 23. | SBI CONTRA FUNDSBI Mutual Fund | ₹399.1072 | — | — | — | — | — | 0.86 | 45,068 | Very High Risk |
| 24. | Sundaram Value FundSundaram Mutual Fund | ₹216.5670 | — | — | — | — | — | 1.76 | 1,217 | Very High Risk |
| 25. | Tata Value FundTata Mutual Fund | ₹390.1217 | — | — | — | — | — | 1.08 | 8,239 | Very High Risk |
| 26. | Templeton India Value FundFranklin Templeton Mutual Fund | ₹749.4178 | — | — | — | — | — | 1.12 | 1,807 | Very High Risk |
| 27. | Union Value FundUnion Mutual Fund | ₹29.7800 | — | — | — | — | — | 1.58 | 378 | Very High Risk |
| 28. | UTI Value FundUTI Mutual Fund | ₹176.6253 | — | — | — | — | — | 1.22 | 9,025 | Very High Risk |
| Median: 28 schemes | — | — | — | — | — | — | 1.10 | 1,917 | — |
Detailed comparison with another fund About Value & Contra Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- The investment objective of the scheme is to seek to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related instruments by following value investing strategy. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
- Fund managers
- Dhimant Shah, Nilay Dalal
- Fund house
- ITI Mutual Fund
- Category
- Value & Contra Funds · Equity
- Benchmark used here
- Nifty 500 (price index)
- Plan / option
- Direct · Growth
- AMFI scheme code
- 148972
- ISIN
- INF00XX01AQ6
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Value & Contra Funds
Value & Contra Funds follow a value strategy (buying companies that look cheap relative to their worth) or a contrarian strategy (buying what is currently out of favour), with at least 65% in equity.
Generally used by patient investors with a 5–7+ year horizon.
Other plans of this scheme
Tax on your gains
Likely tax treatment: Equity-oriented fund
- Held 12 months or less: short-term gain taxed at 20%.
- Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: ITI Mutual Fund
- ITI Value Fund(G)-Direct PlanUnivest · 10 Oct
- ITI AMC announces change in risk-o-meter of the schemeInvestment Guru India · 8 Oct
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of ITI Value Fund today?
What returns has ITI Value Fund given?
What is the expense ratio of ITI Value Fund?
How risky is this fund?
What is the difference between Direct and Regular plans?
What are Value & Contra Funds?
How are gains from ITI Value Fund taxed?
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