ITI Multi Asset Allocation Fund
This is the Direct plan of ITI Multi Asset Allocation Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
Not ratedHow 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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
No 3-year record to rank on yet
Volatility 9.3% vs 10.0% category avg
1.9% expense vs 0.9% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- High expense ratio (1.92%) vs the Multi Asset Allocation average of 0.88%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Multi Asset Allocation)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.67% | -4.02% | -0.65% |
| 3M abs | — | -3.15% | — |
| 6M abs | — | -2.30% | — |
| 1Y CAGR | — | +1.63% | — |
| 3Y CAGR | — | +14.18% | — |
| 5Y CAGR | — | +12.05% | — |
Category average across peers in Multi Asset Allocation (up to 36 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
Pick a longer period to plot the path.
1 monthly installments of ₹10,000 into ITI Multi Asset Allocation Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio up: 0.41% → 1.93%02 Oct 2026
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 30 Sep 2026 · AMC disclosure- Equity46.91%
- Cash & Equivalents39.84%
- Debt6.80%
- Other6.45%
AMC Profile
ITI Mutual Fund is run by ITI Asset Management, part of the Investment Trust of India group. It launched its first schemes in 2019 and runs a mix of equity, hybrid and debt funds.
Fund Managers
LBLaukik BagweStart date not disclosed
Fund Manager Income
SMP, Leadership and General Management Program, management Information System-IIM Calcutta. PGDBA, Finance & Marketing- ICFAI Business School B.com, International Business/ Trade/Commerce -Mumbai University.
Mr. Laukik Bagwe joined ITI Mutual Fund in February 2025 and has over 25 years of experience in capital markets. Banking & PSU Debt Fund, Past experience - Prior to joining ITI ITI Dynamic AMC, he acted as Fund Manager- Fixed Income of DSP Asset Managers Pvt Ltd (November 2007 – January 2025)
NDNilay DalalStart date not disclosed
Equity Fund
MBA (Finance)
Mr. Nilay Dalal joined ITI Asset Management Limited in April 2023 and has over 13 years of work experience in financial markets. Past Experience : December 2019 – April 2023 with Axis Asset Management Company as Equity Research Analyst. May 2011 – December 2019 with SBI Life Insurance as Equity Research Analyst
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
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.
ITI Mutual Fund: AMC Overview, Schemes & Fund Managers
Value Research · 03 Jul 2026
ITI Mutual Fund has declared change in the fund managers of its few schemes
Value Research · 11 May 2026
ITI Mutual Fund has declared change in the fund managers of its few schemes
Value Research · 14 Apr 2026
ITI Diviniti Equity Long Short Fund Direct Growth
Groww · 07 Mar 2026
ITI Mutual Fund has announced name change of ITI Focused Equity Fund
Value Research · 13 Jun 2025
ITI Mutual Fund Names Jatinder Pal Singh as CEO
Elets BFSI · 02 Jan 2025
ITI Mutual Fund has appointed Jatinder Pal Singh as its CEO
Value Research · 31 Dec 2024
Interview with Rajesh Bhatia, CIO of ITI Mutual Fund
Value Research · 06 Jun 2024
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 Multi Asset Allocation funds
Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.
From the blog
Frequently asked questions
What is the NAV of ITI Multi Asset Allocation Fund?
As of 26 Oct 2026, the NAV of ITI Multi Asset Allocation Fund is ₹9.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ITI Multi Asset Allocation Fund delivered?
ITI Multi Asset Allocation Fund has returned -5.04% 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 Multi Asset Allocation Fund?
ITI Multi Asset Allocation Fund charges an expense ratio of 1.92% 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 Multi Asset Allocation Fund?
ITI Multi Asset Allocation Fund's largest holdings are 6.60% REC Limited (30/06/2027) (3.4%), Union Bank of India (12/03/2027) (3.4%), DSP Gold ETF (3.3%), ICICI Bank Limited (2.9%) and Mirae Asset Gold ETF (2.8%). Holdings are disclosed monthly and change over time.
How risky is ITI Multi Asset Allocation Fund?
ITI Multi Asset Allocation Fund sits at the high level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 9.3% and its worst peak-to-trough fall in our sample was 6.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of ITI Multi Asset Allocation Fund?
ITI Multi Asset Allocation Fund is benchmarked against the 50% NIFTY 500 TRI + 30% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold +10% Domestic Price of Silver. The alpha, beta and capture figures on this page are measured against the Nifty 50 TRI, the closest index whose daily history we hold.
Who manages ITI Multi Asset Allocation Fund?
ITI Multi Asset Allocation Fund is managed by Laukik Bagwe and Nilay Dalal at ITI.
When was ITI Multi Asset Allocation Fund launched, and what is its objective?
ITI Multi Asset Allocation Fund was launched on 07 Sep 2026. its stated objective is: The investment objective of the Scheme is to seek to generate longterm capital appreciation and income by investing in equity and equity-related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. Both are as filed in the scheme's own Scheme Summary Document.
How is ITI Multi Asset Allocation Fund taxed?
ITI Multi Asset Allocation 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.