EquityValue FundRegularGrowthVery High

ITI Value Fund

Q: What is the NAV of ITI Value Fund?

As of 20 Aug 2026, the NAV of ITI Value Fund is ₹17.31 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ITI Value Fund delivered?

ITI Value Fund has returned +6.30% over 1 year, +13.43% per year over 3 years, +12.36% per year over 5 years and +11.20% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ITI Value Fund?

ITI Value Fund charges an expense ratio of 3.20% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ITI Value Fund?

Its largest holdings are HDFC Bank Ltd (4.2%), Reliance Industries Ltd (3.9%), ITC Ltd (2.4%), Axis Bank Ltd (2.3%) and Shriram Transport Finance Company Ltd (2.2%). Holdings are disclosed monthly and change over time.

Q: How risky is ITI Value Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.2% and its worst peak-to-trough fall in our sample was -24.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.40 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Value Fund's 0.40 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ITI Value Fund?

ITI Value Fund is benchmarked against the • The scheme’s benchmark is Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ITI Value Fund?

ITI Value Fund is managed by Rajesh Bhatia, Nilay Dalal and Alok Ranjan at ITI.

Q: How is ITI Value Fund taxed?

ITI Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ITI Mutual Fund · Best Value Mutual Funds

NAV

₹17.31

+0.95% 1D

as of 20 Aug 2026

Compare SIP calculator

Performance

+6.37%CAGR

52-week rangePrev NAV ₹17.14

Latest ₹17.31

Low ₹14.7092nd percentile of its 52-week rangeHigh ₹17.55

Scorecard

★★☆☆☆2/5 vs 21 of 22 Value Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Value Fund (same plan and option). 21 of the 22 Value Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +13.43% · ranks 14 of 22 Value Funds

RiskHigh

Volatility 17.2% vs 14.4% category avg

CostHigh

3.2% expense vs 2.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+6.30%) beats the Value Fund average (+4.45%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+13.43%) trails the Value Fund average (+14.26%)
5-year return (+12.36%) trails the Value Fund average (+13.39%)
Weaker risk-adjusted returns — Sharpe 0.40 below the Value Fund average of 0.53
More volatile than its Value Fund peers (17.2% vs 14.4%)
High expense ratio (3.20%) vs the Value Fund average of 2.29%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 2.29%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 19.22

Excess return per unit of total volatility (rf = 6.5%)

0.40

Category 0.53▼0.13

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

17 Jun 2021

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+1.11%

Absolute return over the last 3 months (not annualized)

+4.43%

Absolute return over the last 6 months (not annualized)

+1.67%

Absolute return since 1 Jan of this year (not annualized)

-0.35%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.30%

3-year annualized return (CAGR)

+13.43%

5-year annualized return (CAGR)

+12.36%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+11.20%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.20%

Excess return per unit of total volatility (rf = 6.5%)

0.40

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.53

Largest peak-to-trough decline over full history

-23.96%

Benchmark ratios (vs Nifty 500 · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500

1.00%

Sensitivity to Nifty 500 moves; 1 = moves with the index

1.13

How much of the fund's movement Nifty 500 explains

92.8%

Excess return per unit of beta (market risk)

5.81

Active return over the benchmark per unit of tracking error

0.29

Annualized std dev of fund-minus-benchmark returns

5.19%

Fund's share of benchmark gains in up months (100 = matches index)

111.8%

Fund's share of benchmark losses in down months (lower is better)

111.0%

Computed vs the Nifty 500 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Value Fund)

Period	Fund	Category avg.	Diff
1M abs	+1.11%	+0.85%	+0.26%
3M abs	+4.43%	+4.86%	-0.43%
6M abs	+1.67%	+1.98%	-0.31%
1Y CAGR	+6.30%	+4.45%	+1.85%
3Y CAGR	+13.43%	+14.26%	-0.83%
5Y CAGR	+12.36%	+13.39%	-1.03%

Category average across peers in Value Fund (up to 22 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 22 peers in Value Fund

1Y return

+6.30%

Beats 66.7% · rank #8

3Y return

+13.43%

Beats 35% · rank #14

5Y return

+12.36%

Beats 26.7% · rank #12

Sharpe

0.40

Beats 28.6% · rank #16

Sortino

0.53

Beats 23.8% · rank #17

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty 500

Average

+15.0%

Median

+7.5%

Best

+51.5%

Worst

-15.5%

Positive periods

76.5%

51 overlapping 1Y windows, sampled monthly across the fund’s history.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-24.0%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 07 Jun 2023 — 12 months under water after the low.
-22.2%31 Jul 2024 → 03 Mar 2025
Still below that high — 7 months down, and no recovery yet.
-9.3%03 Jun 2024 → 04 Jun 2024
Fell over 1 day, back to the old high on 13 Jun 2024 — 9 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500	Diff
2026part	-0.21%	-1.50%	+1.29%
2025	+3.44%	+6.69%	-3.25%
2024	+18.32%	+15.16%	+3.16%
2023	+36.26%	+25.76%	+10.50%
2022	+5.49%	+3.02%	+2.47%
2021part	-1.36%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

Fund size over time

Quarterly average AUM · AMFI

₹348.33Cr

April - June 2026

+3%

since January - March 2026

At or near its largest, ₹348.33Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Recent changes

Expense-ratio and fund-manager changes we've picked up in the last 30 days.

Fund manager change — Rajesh Bhatia stepped away
17 Aug 2026

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹8.06L

Absolute

+34.40%

XIRR

+12.15%

Value vs. invested

60 monthly installments of ₹10,000 into ITI Value Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

1,275

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Value Fund

Compare all


ITI Value FundThis fund ITI	★★☆☆☆	+6.30%	+13.43%	+12.36%	19.81	3.20%	₹348.33Cr
Quant Value Fund quant	★★★★☆	+15.27%	+20.29%	—	24.01	2.47%	₹1,784Cr
Axis Value Fund Axis	★★★★★	+10.17%	+18.83%	—	23.77	2.33%	₹1,552Cr
LIC MF Value Fund LIC	★★★☆☆	+22.53%	+17.80%	—	15.92	3.28%	₹212.81Cr
HSBC Value Fund HSBC	★★★★☆	+4.40%	+17.71%	—	17.95	1.86%	₹14,682Cr
HDFC Value Fund HDFC	★★★★☆	+7.93%	+17.23%	+14.84%	24.03	1.89%	₹7,330Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap45.2%
Mid cap16.4%
Small cap38.5%

🚩Holdings under NSE surveillance (ASM)

2 holdings — 3.35% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Turtlemint Fintech Solutions LimitedShort-term · Stage I2.02%
Wockhardt LimitedLong-term · Stage I1.33%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

ITI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Value funds

Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.

Frequently asked questions

What is the NAV of ITI Value Fund?

As of 20 Aug 2026, the NAV of ITI Value Fund is ₹17.31 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ITI Value Fund delivered?

ITI Value Fund has returned +6.30% over 1 year, +13.43% per year over 3 years, +12.36% per year over 5 years and +11.20% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ITI Value Fund?

ITI Value Fund charges an expense ratio of 3.20% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ITI Value Fund?

Its largest holdings are HDFC Bank Ltd (4.2%), Reliance Industries Ltd (3.9%), ITC Ltd (2.4%), Axis Bank Ltd (2.3%) and Shriram Transport Finance Company Ltd (2.2%). Holdings are disclosed monthly and change over time.

How risky is ITI Value Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.2% and its worst peak-to-trough fall in our sample was -24.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.40 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Value Fund's 0.40 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ITI Value Fund?

ITI Value Fund is benchmarked against the • The scheme’s benchmark is Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages ITI Value Fund?

ITI Value Fund is managed by Rajesh Bhatia, Nilay Dalal and Alok Ranjan at ITI.

How is ITI Value Fund taxed?

ITI Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.