ITI Mutual Fund: List of Top ITI MF Schemes
ITI Mutual Fund started in 2018 with the goal of offering investment solutions that support long-term wealth building. The fund house manages around ₹10,673–11,279 cr. in assets as of September 2025 and is backed by ITI Group along with Japan’s Daiwa Securities Group. The AMC follows a Quality–Growth–Valuation (QGV) approach and focuses on selecting companies with strong fundamentals at reasonable valuations. The fund house offers equity, hybrid, and debt schemes and operates with a growing physical presence, with 29 branches across India and more than 196 employees supporting investors.
Top ITI Mutual Funds
| Name | AUM(in ₹ cr.) | CAGR 3Y(%) | Expense Ratio(%) | Exit Load(%) | NAV | Volatility | Alpha |
|---|---|---|---|---|---|---|---|
| ITI Small Cap Fund | 2835.18 | 27.71 | 0.22 | 0.5 | 31.63 | 19.85 | 13.18 |
| ITI Multi-Cap Fund | 1325.85 | 21.22 | 0.59 | 0.5 | 27.21 | 15.87 | 7.7 |
| ITI Mid Cap Fund | 1290.01 | 25.42 | 0.51 | 0.5 | 23.68 | 17.44 | 8.04 |
| ITI Flexi Cap Fund | 1283.42 | - | 0.59 | 0.5 | 19.06 | 15.83 | 6.43 |
| ITI Large & Mid Cap Fund | 847.45 | - | 0.57 | 0.5 | 9.9 | 17.23 | 5.82 |
| ITI Focused Fund | 560.18 | - | 0.29 | 0.5 | 16.38 | 15.28 | 7.26 |
| ITI Large Cap Fund | 535.61 | 15.61 | 0.52 | 0.5 | 19.86 | 14.34 | 4.56 |
| ITI ELSS Tax Saver Fund | 445.7 | 22.08 | 0.31 | 0 | 27.82 | 17.67 | 7.59 |
| ITI Balanced Advantage Fund | 400.05 | 13.59 | 0.63 | 0.5 | 16.56 | 7.84 | 0 |
| ITI Value Fund | 346.17 | 20.29 | 0.57 | 0.5 | 18.56 | 15.92 | 6.42 |
Disclaimer: Please note that the above list of the ITI Mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the list of the ITI Mutual Fund is from 24th November 2025. This data is derived from the Tickertape Mutual Funds Screener.
- AMC: ITI Asset Management Limited
- Plan: Growth
- AUM: Sorted from highest to lowest
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Key Information on ITI Mutual Funds
| Category | Details |
| Company Name | ITI Asset Management Pvt. Ltd. |
| Promoter / Sponsor(s) | The Investment Trust of India Ltd. and ITI Credit Limited |
| Global Partner | Daiwa Securities Group (Japan) |
| Incorporation Date | 10 January 2008 |
| AMC Setup / Launch Year | 14 May 2018 |
| AUM (Assets Under Management) | ₹10,487.5 cr (as of August 2025) / ~₹10,673–11,279 cr range reported in Sept–Oct 2025 |
| Types of Schemes Offered | Equity, Hybrid, Debt, Solution-Oriented |
| Total Number of Schemes | 19 |
| CEO | Mr. Hitesh Thakkar (Acting) |
| CIO | Mr. Rajesh Bhatia |
| Employee Strength | ~196 employees |
| Branch Network | 29 branches across India |
Overview of the Top ITI Mutual Fund
ITI Small Cap Fund
This scheme belongs to the Small-Cap Equity category. It primarily invests in companies classified as small caps under SEBI rules, with at least 65 per cent of its portfolio allocated to this segment. The fund may also hold mid-cap and large-cap stocks in smaller proportions.
ITI Multi-Cap Fund
This fund falls under SEBI’s Multi-Cap category and invests across large-cap, mid-cap, and small-cap companies with a minimum 25 per cent allocation to each segment. The benchmark for this scheme in one version is the Nifty 500 Multicap 50:25:25 TRI. The fund structure allows exposure across sectors and market sizes.
ITI Mid Cap Fund
This scheme invests mainly in mid-cap companies as defined by SEBI, with a minimum requirement of 65 per cent allocation to mid-cap stocks. The fund may also include exposure to large-cap and small-cap stocks depending on its allocation framework. Minimum lump sum and SIP investment requirements are available across platforms.
ITI Flexi Cap Fund
This scheme belongs to the Flexi-Cap category and invests across market capitalisations without fixed proportion rules. The fund can allocate investments dynamically among large-cap, mid-cap, and small-cap companies. The minimum SIP and lump sum amounts depend on the chosen plan.
ITI Large & Mid Cap Fund
This scheme follows SEBI’s Large & Mid-Cap category requirement of investing at least 35 per cent each in large-cap and mid-cap companies. The remaining portion may be allocated to other classifications depending on the fund framework.
ITI Focused Fund
This is a focused equity scheme under SEBI guidelines, allowing a maximum of 30 stocks in the portfolio. The fund may invest across different market capitalisations and sectors. Allocation depends on the scheme’s mandate and investment policy.
ITI Large Cap Fund
This scheme falls under the Large-Cap category and primarily invests in companies ranked among the top 100 by market capitalisation. The fund may also hold exposure in other categories within permitted limits. Investment minimums and expense ratios vary across plan types.
ITI ELSS Tax Saver Fund
This is an Equity-Linked Savings Scheme (ELSS) that offers tax benefits under Section 80C of the Income-Tax Act. It carries a mandatory lock-in period of three years. The fund invests mainly in equities and may hold exposure across multiple sectors and market capitalisations.
ITI Balanced Advantage Fund
This hybrid scheme can adjust its equity and debt allocation based on its internal asset-allocation framework. The category allows flexibility to shift towards equity or debt depending on valuation metrics or model-based triggers. The minimum investment and associated loads depend on the selected plan.
ITI Value Fund
This scheme belongs to the Value category under SEBI norms. It follows a value-based investing approach and selects companies based on its internal definition of valuation parameters. The portfolio may include equities across market sizes and sectors.
How to Invest in the ITI Mutual Fund?
You can easily start to invest in the ITI Mutual funds in India by following these steps:
- Visit an equity investment platform such as smallcase
- The next step is to research and identify the best ITI mutual funds, based on your investment thesis. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode, either a one-time lump sum or a SIP investment plan, and complete the process.
Top Fund Managers at ITI Mutual Fund
Vikrant Mehta
Vikrant Mehta joined ITI AMC in January 2021 and brings over 25 years of experience in fixed-income markets. He previously served as Head of Fixed Income at Indiabulls AMC and PineBridge Investments, where he also worked as an Asia sovereign analyst. His earlier experience includes roles at JM Morgan Stanley and NVS Brokerage. He holds a master’s degree in engineering and is a CFA charterholder.
Rohan Korde
Rohan Korde manages and co-manages multiple equity schemes at ITI Mutual Fund. He holds a Master’s in Management Studies (Finance) and a Bachelor of Commerce degree. Before joining ITI AMC, he worked with BOB Capital Markets as Vice President, where he gained experience in equity research, portfolio evaluation, and sector analysis across different market segments. Currently, Rohan is managing the ITI Value Fund and the ITI Pharma & Healthcare Fund.
Dhimant Shah
Dhimant Shah has over 25 years of experience in India’s equity markets. He holds a B.Com degree and is an Associate Chartered Accountant (ACA). His prior professional journey includes roles at Reliance Capital AMC, UTI AMC, HSBC Asset Management, and ASK Raymond James Securities. Currently, he is managing the ITI Smallcap Fund and ITI Multicap Fund, among others.
Vishal Jajoo
Vishal Jajoo is part of the investment management team at ITI Mutual Fund. He is a Chartered Accountant and holds an MBA in Investments along with a PGDM in Finance. Before joining ITI AMC, he worked at Tata Investment Corporation Ltd., focusing on investment analysis, research responsibilities, and portfolio review across listed Indian companies.
Taxation on ITI Mutual Fund
Mutual funds are taxed based on their classification as equity, debt, or hybrid. Each category follows different rules for short-term and long-term capital gains, holding periods, tax rates, and available exemptions.
| Category | Type of Gain | Holding Period Condition | Tax Rate | Exemption (If Applicable) |
| Equity Mutual Funds | Short-Term Capital Gains (STCG) | Less than 12 months | 20% | None |
| Long-Term Capital Gains (LTCG) | More than 12 months | 12.50% | Gains up to ₹1.25 lakh exempt | |
| Debt Mutual Funds | Short-Term Capital Gains (STCG) | Less than 36 months | Taxed as per income tax slab | None |
| Long-Term Capital Gains (LTCG) | More than 36 months | 12.50% | None | |
| Hybrid Mutual Funds (Equity-Oriented) | Capital Gains on sale | STCG: Holdings < 1 year | 20% | None |
| LTCG: Holdings > 1 year | 12.50% | Gains up to ₹1.25 lakh exempt | ||
| Hybrid Mutual Funds (Debt-Oriented) | Capital Gains on sale | STCG: Holdings < 3 years | Taxed as per income tax slab | None |
| LTCG: Holdings > 3 years | 12.50% | None |
Documents Required to Invest in ITI Mutual Fund
Investing in ITI Mutual Fund requires basic identity and verification documents as per regulatory guidelines. The following documents are generally required for completing KYC and investment onboarding:
| Requirement | Accepted Documents |
| Identity Proof | PAN Card (mandatory for investors) |
| Address Proof | Aadhaar Card, Passport, Driver’s License, Voter ID, Utility Bill (within validity window), or Bank Statement |
| Photograph | Recent passport-size colour photograph (if applicable during KYC) |
| Bank Details | Cancelled cheque, bank passbook, or bank statement showing name, account number, and IFSC |
| KYC Verification | Aadhaar-based e-KYC or offline KYC through KRA |
| Additional for Minors | Minor’s PAN/Aadhaar (if available) and guardian’s KYC and documents |
| Non-Resident Indians (NRIs) | Passport, visa, overseas address proof, and FEMA compliance documents as applicable |
Risks of Investing in ITI Mutual Fund
Market Risk
The value of the fund may change when broader market conditions fluctuate due to economic events, geopolitical developments, industry trends, or investor sentiment. Equity-heavy schemes experience this risk more directly because their performance moves in line with stock market behaviour.
Volatility Risk
Funds that invest in equities, especially small-cap and mid-cap stocks, may experience sharper price swings. These movements occur because companies in these segments can react more quickly to business cycles, liquidity levels, and sector-specific news.
Interest Rate Risk
Debt schemes and hybrid funds with debt exposure may gain or lose value when interest rates change. Bond prices typically fall when interest rates rise and may increase when interest rates decline, affecting NAV and return patterns.
Credit Risk
Schemes investing in corporate bonds or money-market instruments carry the possibility that an issuer may default on payments or face a credit rating downgrade. Such events may reduce the security’s value and affect the scheme’s performance.
Liquidity Risk
Certain securities in the portfolio may not trade frequently in the market. During such periods, the fund may face delays or pricing adjustments when buying or selling assets, especially in volatile markets or during redemptions.
Concentration Risk
Funds such as focused schemes invest in a limited number of stocks or themes. A concentrated exposure may increase sensitivity to performance changes in specific companies, sectors, or market segments.
Factors to Consider Before Investing in ITI Mutual Fund
Fund Category and Strategy
Each scheme follows a specific category, such as large-cap, mid-cap, hybrid, ELSS, or debt. Understanding what the category invests in and how it operates helps set realistic expectations about performance behaviour, volatility, and investment style.
Risk Level
Every fund carries a risk level, displayed through the SEBI-mandated Riskometer. For example, equity and small-cap funds may carry market-related volatility, while debt-oriented or hybrid funds may carry interest rate or credit-related risks. Reviewing these indicators helps align the scheme with personal risk tolerance.
Investment Horizon
Different fund types may work better over varying time frames. Equity-oriented schemes generally suit longer holding periods due to higher fluctuations, whereas debt-oriented schemes may align with shorter to medium timeframes. Reviewing the recommended holding horizon in the Scheme Information Document (SID) can be useful.
Expense Ratio and Charges
Expense ratios and applicable loads differ across plans and affect net returns. Direct plans typically have lower expense ratios than regular plans. Checking ongoing charges helps assess the cost structure of the investment.
Conclusion
ITI Mutual Fund offers schemes across equity, hybrid, and debt categories, managed through defined investment frameworks and regulatory guidelines. Understanding factors such as risk level, investment horizon, taxation rules, and scheme structure can help build clarity before investing.
After carefully analysing a fund and consulting a financial advisor, investors may choose to proceed with an option that aligns with their financial thesis. Investors can explore and invest in mutual funds through smallcase, which offers a wide range of ITI Mutual Fund and other schemes.
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Frequently Asked Questions on ITI Mutual Fund
The term “ITI Fund” usually refers to the range of schemes offered under the ITI Mutual Fund umbrella by ITI Asset Management Pvt. Ltd. The AMC offers products across multiple categories, including equity, hybrid, and debt schemes. ITI Mutual Fund is sponsored by The Investment Trust of India Ltd. and ITI Credit Limited and operates based on SEBI-registered investment mandates.
As of 24th November 2025, as per 3Y CAGR, some of the best Nippon mutual funds include:
1- ITI Smallcap Fund
2- ITI Mid Cap Fund
3- ITI ELSS Tax Saver Fund
4- ITI Pharma & Healthcare Fund
5- ITI Multicap Fund
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory.
Whether ITI mutual fund is good or not depends on personal financial goals, risk tolerance, and investment horizon. It’s important for investors to do their own research and consult a financial advisor before deciding.
Disclaimer: Please note that the above information is for educational purposes only, and is not recommendatory.
You can start investing in ITI MF by following these quick steps:
– Visit an equity investment platform such as smallcase.
– Research and identify ITI schemes that match your investment thesis. Tools like the Tickertape Mutual Fund Screener help compare funds based on returns, expense ratios, and fund size.
– After shortlisting the scheme, log in to smallcase, search for the fund, and opt for the SIP plan.
Disclaimer: Please note that the above information is for educational purposes only, and is not recommendatory.
ITI Mutual Fund is promoted by The Investment Trust of India Ltd. (ITI Ltd.) and ITI Credit Limited. These entities support the fund house’s operations and are responsible for sponsoring the AMC as per SEBI regulations.
The minimum investment amount depends on the specific scheme and the plan selected, such as lumpsum or SIP. In many ITI MF schemes, investors can start with a minimum SIP amount of ₹500, while the minimum lumpsum investment is typically higher and may vary across products.
The ITI Small Cap Fund – Direct Plan (Growth Option) is a version of the small-cap equity scheme where investors invest directly without distributor commissions. The growth option allows gains to remain invested in the NAV rather than being paid as dividends.
