ITI Focused Fund
- NAV as on 24 Sep 2026
- ₹16.12-1.02%1 day
- Return since launch
- 16.2%
- 52-week range
- ₹13.85 — ₹16.76
- AUM
- ₹629 Cr
ITI Focused Fund is a Focused equity fund from ITI Mutual Fund with ₹629 Cr under management, launched in 2023. Over three years it has returned 9.1% a year, against 11.3% for its category. The expense ratio is 2.56% and the SEBI riskometer reading is Very High.
Performance
ITI Focused Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.8% against +0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.7% | +2.8 pts | 1.9% | 0.8% |
| 2Y | 6.7% | +3.6 pts | 3.1% | 1.9% |
| 3Y | 9.1% | −2.2 pts | 11.3% | 4.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.7% | +0.2 pts | -3.9% | -3.9% |
| 3M | -0.5% | −0.6 pts | 0.2% | -0.1% |
| 6M | 11.6% | +1.8 pts | 9.8% | 8.5% |
| 1Y | 5.8% | +4.0 pts | 1.9% | 0.3% |
| 2Y | 2.1% | +3.8 pts | -1.7% | -2.3% |
| 3Y | 15.8% | +4.6 pts | 11.3% | 10.3% |
Since launch (29 May 2023): 16.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.7% | +1.7 pts | 6.0% |
| 2024 | 24.3% | +3.4 pts | 20.9% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.59%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.06%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.46%
- Exit load
- Exit load of 0.50%, if redeemed within 3 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 4.93 | 5.07 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.74 | 0.73 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.89 | 1.02 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.28 | 15.75 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
ITI Focused Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.1%
- Other2.9%
Market cap split
- Large56.3%
- Mid20.3%
- Small23.4%
- P/E
- 31.12
- P/B
- 4.05
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| KRN Heat Exchanger And Refrigeration Ltd. | Capital Goods | 5.36% | ₹33.68 Cr | +3.02% | +4.18% | +2.62% |
| ICICI Bank Ltd. | Financial | 5.11% | ₹32.15 Cr | +4.60% | +5.43% | +5.16% |
| Reliance Industries Ltd. | Energy | 4.37% | ₹27.46 Cr | +4.24% | +5.07% | +4.51% |
| Solar Industries India Ltd. | Chemicals | 4.23% | ₹26.58 Cr | +4.79% | +3.79% | +3.49% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 4.13% | ₹25.95 Cr | +0.87% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 4.09% | ₹25.69 Cr | +4.69% | +4.61% | +4.88% |
| HDFC Bank Ltd. | Financial | 3.95% | ₹24.86 Cr | +4.63% | +6.42% | +6.59% |
| State Bank of India | Financial | 3.75% | ₹23.57 Cr | +3.49% | +4.48% | +2.90% |
| Graphite India Ltd. | Capital Goods | 3.70% | ₹23.27 Cr | +4.01% | +3.85% | +2.62% |
| Wockhardt Ltd. | Healthcare | 3.69% | ₹23.18 Cr | +4.87% | +3.38% | +4.18% |
| Shriram Finance Ltd | Financial | 3.51% | ₹22.05 Cr | +2.88% | +3.59% | — |
| Fortis Healthcare Ltd. | Healthcare | 3.50% | ₹22.02 Cr | +3.66% | +3.91% | +4.85% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 3.39% | ₹21.31 Cr | +3.58% | +3.87% | +3.73% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.38% | ₹21.24 Cr | +2.67% | +1.99% | +2.00% |
| AIA Engineering Ltd. | Metals & Mining | 3.33% | ₹20.94 Cr | +3.03% | +2.79% | +1.86% |
| Larsen & Toubro Ltd. | Construction | 2.94% | ₹18.49 Cr | +2.90% | +2.95% | +3.33% |
| Others | Others | 2.86% | ₹17.97 Cr | +1.17% | +0.78% | +2.81% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.84% | ₹17.88 Cr | +2.39% | +2.36% | +3.33% |
| Ultratech Cement Ltd. | Materials | 2.84% | ₹17.87 Cr | +2.85% | +0.28% | +2.92% |
| Tata Consumer Products Ltd. | Consumer Staples | 2.81% | ₹17.69 Cr | +3.18% | +3.10% | +3.20% |
| Bharti Airtel Ltd. | Communication | 2.79% | ₹17.53 Cr | +3.05% | +3.75% | +4.14% |
| Anant Raj Ltd. | Construction | 2.78% | ₹17.50 Cr | +2.58% | +2.60% | +2.99% |
| company:16437 | Capital Goods | 2.70% | ₹16.97 Cr | — | — | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 2.53% | ₹15.89 Cr | +1.36% | — | — |
| NLC India Ltd. | Energy | 2.53% | ₹15.87 Cr | +3.59% | +2.04% | — |
| AU Small Finance Bank Ltd. | Financial | 2.44% | ₹15.34 Cr | +2.32% | — | — |
| Tata Consultancy Services Ltd. | Technology | 2.28% | ₹14.30 Cr | +1.76% | +1.81% | — |
| Maruti Suzuki India Ltd. | Automobile | 2.15% | ₹13.51 Cr | +2.08% | +2.40% | +0.67% |
| Persistent Systems Ltd. | Technology | 2.15% | ₹13.49 Cr | +1.99% | +2.14% | +1.53% |
| company:2048 | Financial | 2.10% | ₹13.19 Cr | — | — | — |
| Cummins India Ltd. | Capital Goods | 1.77% | ₹11.14 Cr | +1.96% | +1.40% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:16437 | 0.00% | 2.70% | +2.70% |
| Varun Beverages Ltd. | 2.18% | 0.00% | -2.18% |
| company:2048 | 0.00% | 2.10% | +2.10% |
| Hindustan Aeronautics Ltd. | 1.90% | 0.00% | -1.90% |
| KRN Heat Exchanger And Refrigeration Ltd. | 4.18% | 5.36% | +1.17% |
| Others | 2.06% | 2.86% | +0.80% |
| NLC India Ltd. | 3.07% | 2.53% | -0.55% |
| Anant Raj Ltd. | 3.32% | 2.78% | -0.53% |
| HDFC Bank Ltd. | 4.45% | 3.95% | -0.49% |
| Dixon Technologies (India) Ltd. | 2.45% | 2.84% | +0.39% |
| Gujarat Fluorochemicals Ltd. | 2.14% | 2.53% | +0.39% |
| Bharti Airtel Ltd. | 3.12% | 2.79% | -0.33% |
| Vedanta Aluminium Metal Ltd. | 4.42% | 4.13% | -0.30% |
| Solar Industries India Ltd. | 4.48% | 4.23% | -0.25% |
| Wockhardt Ltd. | 3.94% | 3.69% | -0.25% |
| Cummins India Ltd. | 2.01% | 1.77% | -0.24% |
| Tata Consumer Products Ltd. | 3.02% | 2.81% | -0.20% |
| State Bank of India | 3.55% | 3.75% | +0.20% |
| Ultratech Cement Ltd. | 3.03% | 2.84% | -0.19% |
| Multi Commodity Exchange Of India Ltd. | 3.91% | 4.09% | +0.18% |
| Maruti Suzuki India Ltd. | 2.32% | 2.15% | -0.17% |
| AIA Engineering Ltd. | 3.49% | 3.33% | -0.16% |
| Graphite India Ltd. | 3.55% | 3.70% | +0.15% |
| AU Small Finance Bank Ltd. | 2.32% | 2.44% | +0.12% |
| Fortis Healthcare Ltd. | 3.62% | 3.50% | -0.12% |
| Shriram Finance Ltd | 3.40% | 3.51% | +0.11% |
| Persistent Systems Ltd. | 2.04% | 2.15% | +0.11% |
| Sun Pharmaceutical Industries Ltd. | 3.48% | 3.38% | -0.10% |
| ICICI Bank Ltd. | 5.18% | 5.11% | -0.07% |
| ZF Commercial Vehicle Control Systems India Ltd. | 3.32% | 3.39% | +0.07% |
| Tata Consultancy Services Ltd. | 2.30% | 2.28% | -0.03% |
| Reliance Industries Ltd. | 4.36% | 4.37% | +0.01% |
| Larsen & Toubro Ltd. | 2.94% | 2.94% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹19,436 Cr | 1.98% | 7.7% | 9.6% | 13.9% |
 SBI Focused Fund | ₹51,248 Cr | 1.59% | 9.6% | 12.2% | 13.6% |
 ICICI Prudential Focused Fund | ₹17,949 Cr | 2.15% | -3.5% | 6.9% | 13.4% |
 Invesco India Focused Fund | ₹6,454 Cr | 1.94% | 14.0% | 9.8% | 15.4% |
 Bandhan Focused Fund | ₹2,094 Cr | 2.22% | 10.8% | 9.6% | 13.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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.
Fund managers
- Alok RanjanMr. Ranjan has done MBA (Finance), BSc Physics (Honors)Prior to joining ITI Mutual Fund,he was associated with IDBI Asset Management Limited, Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
- Dhimant ShahMr. Shah is a B.Com (H) and Chartered Accountant.Prior to joining ITI Mutual Fund, he has worked with Principal Mutual Fund, HSBC AMC, Reliance Mutual Fund, ASK Raymond James Securities Pvt. Ltd. and IL&FS AMC. Senior Analyst from April 1997 to August 2003.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months11.62% absolute | ₹60,000 | ₹66,972 | 11.62% | |
| 1 year5.82% annualised | ₹1,20,000 | ₹1,23,851 | 3.21% | |
| 3 years15.82% annualised | ₹3,60,000 | ₹4,62,960 | 28.60% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.