ITI Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹16.53+1.00%1 day
- Return since launch
- 9.6%
- 52-week range
- ₹14.70 — ₹17.55
- AUM
- ₹346 Cr
ITI Value Fund is a Value & Contra equity fund from ITI Mutual Fund with ₹346 Cr under management, launched in 2021. Over three years it has returned 1.8% a year, against 12.3% for its category. The expense ratio is 3.04% and the SEBI riskometer reading is Very High.
Performance
ITI Value Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.8% against -0.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.7% | −4.5 pts | 0.8% | 2.6% |
| 2Y | 0.2% | −3.5 pts | 3.7% | 2.9% |
| 3Y | 1.3% | −11.1 pts | 12.4% | 4.1% |
| 5Y | 8.9% | −2.3 pts | 11.2% | 10.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.9% | −3.2 pts | 4.1% | 5.5% |
| 3M | -5.2% | −3.6 pts | -1.6% | -2.0% |
| 6M | -5.1% | −5.4 pts | 0.3% | 1.6% |
| 1Y | -2.8% | −3.6 pts | 0.8% | -0.8% |
| 2Y | -1.7% | −2.3 pts | 0.7% | 0.8% |
| 3Y | 9.9% | −2.5 pts | 12.4% | 11.6% |
| 5Y | 8.6% | −2.6 pts | 11.2% | 10.4% |
Since launch (25 May 2021): 9.6%
Calendar-year returns
Category average5.5%
36.3%
18.2%
3.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.4% | −2.3 pts | 5.8% |
| 2024 | 18.2% | −4.0 pts | 22.2% |
| 2023 | 36.3% | +0.9 pts | 35.3% |
| 2022 | 5.5% | −2.0 pts | 7.5% |
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
3.00%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.20%
- Transaction charges
- 0.01%
- Statutory levies
- 0.69%
- 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.
Very High
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 | -1.39 | 5.32 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.13 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.24 | 0.64 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.33 | 0.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.45 | 16.67 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
ITI Value Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.6%
- Other4.4%
Market cap split
- Large44.3%
- Mid10.9%
- Small44.8%
- P/E
- 22.50
- P/B
- 2.80
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 4.90% | ₹16.95 Cr | +4.23% | +4.44% | +5.84% |
| Others | Others | 4.41% | ₹15.23 Cr | +7.86% | +1.54% | +4.04% |
| Reliance Industries Ltd. | Energy | 3.31% | ₹11.45 Cr | +3.87% | +4.74% | +4.76% |
| ITC Ltd. | Consumer Staples | 2.27% | ₹7.86 Cr | +2.39% | — | +3.81% |
| Manipal Payment and Identity Solutions Ltd. | Services | 2.23% | ₹7.73 Cr | — | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.21% | ₹7.66 Cr | +2.12% | +1.58% | +0.78% |
| Shriram Finance Ltd | Financial | 2.16% | ₹7.46 Cr | +2.20% | +2.45% | +1.73% |
| Craftsman Automation Ltd. | Automobile | 2.15% | ₹7.43 Cr | +1.88% | +1.60% | +1.44% |
| Axis Bank Ltd. | Financial | 2.13% | ₹7.38 Cr | +2.25% | +3.52% | +3.06% |
| ICICI Bank Ltd. | Financial | 1.95% | ₹6.75 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.91% | ₹6.61 Cr | +1.67% | +1.72% | +1.38% |
| The Federal Bank Ltd. | Financial | 1.84% | ₹6.35 Cr | +1.84% | — | — |
| Bajaj Auto Ltd. | Automobile | 1.78% | ₹6.14 Cr | — | — | — |
| Solar Industries India Ltd. | Chemicals | 1.78% | ₹6.15 Cr | +1.62% | +1.24% | +1.01% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.70% | ₹5.89 Cr | +1.43% | +1.69% | — |
| Redington Ltd. | Services | 1.69% | ₹5.84 Cr | — | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.63% | ₹5.64 Cr | — | — | — |
| Grasim Industries Ltd. | Materials | 1.55% | ₹5.37 Cr | +1.51% | — | — |
| City Union Bank Ltd. | Financial | 1.52% | ₹5.26 Cr | +1.35% | +1.29% | — |
| RBL Bank Ltd. | Financial | 1.52% | ₹5.25 Cr | +1.53% | +1.23% | — |
| Wockhardt Ltd. | Healthcare | 1.51% | ₹5.20 Cr | +1.33% | — | +1.88% |
| Voltamp Transformers Ltd. | Capital Goods | 1.49% | ₹5.14 Cr | +1.39% | +1.38% | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.48% | ₹5.13 Cr | +1.56% | +1.32% | +1.07% |
| Eternal Ltd. | Services | 1.45% | ₹5.02 Cr | — | — | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 1.44% | ₹4.99 Cr | — | — | — |
| VA Tech Wabag Ltd. | Capital Goods | 1.43% | ₹4.94 Cr | +1.34% | +1.29% | +1.05% |
| Marico Ltd. | Consumer Staples | 1.41% | ₹4.88 Cr | +1.44% | — | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.38% | ₹4.77 Cr | — | — | — |
| Global Health Ltd. | Healthcare | 1.36% | ₹4.70 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 1.34% | ₹4.64 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 1.32% | ₹4.56 Cr | — | — | — |
| Aarti Industries Ltd. | Chemicals | 1.31% | ₹4.52 Cr | — | — | — |
| Dr. Lal Pathlabs Ltd. | Healthcare | 1.31% | ₹4.52 Cr | +1.04% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.29% | ₹4.47 Cr | +1.16% | +0.99% | +1.67% |
| Poonawalla Fincorp Ltd. | Financial | 1.29% | ₹4.47 Cr | — | — | — |
| Capri Global Capital Ltd. | Financial | 1.28% | ₹4.41 Cr | +1.13% | — | — |
| Bajaj Finance Ltd. | Financial | 1.24% | ₹4.28 Cr | +1.25% | +1.17% | +1.09% |
| IIFL Finance Ltd. | Financial | 1.22% | ₹4.23 Cr | +0.99% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.20% | ₹4.15 Cr | +1.23% | +1.24% | +0.95% |
| Manappuram Finance Ltd. | Financial | 1.19% | ₹4.11 Cr | +1.17% | +0.94% | +1.06% |
| Turtlemint Fintech Solutions Ltd. | Financial | 1.18% | ₹4.06 Cr | +2.02% | — | — |
| State Bank of India | Financial | 1.16% | ₹4.02 Cr | +2.19% | +2.66% | +2.31% |
| The South Indian Bank Ltd. | Financial | 1.16% | ₹4.00 Cr | +1.05% | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.15% | ₹3.98 Cr | +1.25% | +1.26% | +1.58% |
| Indusind Bank Ltd. | Financial | 1.15% | ₹3.99 Cr | +1.14% | +1.44% | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.13% | ₹3.89 Cr | +1.18% | — | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.12% | ₹3.88 Cr | +1.07% | — | — |
| Yes Bank Ltd. | Financial | 1.10% | ₹3.80 Cr | +1.22% | — | — |
| Biocon Ltd. | Healthcare | 1.08% | ₹3.74 Cr | +1.18% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.08% | ₹3.74 Cr | +1.15% | +1.02% | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.08% | ₹3.72 Cr | +0.85% | +0.93% | — |
| Zydus Wellness Ltd. | Consumer Staples | 1.08% | ₹3.72 Cr | +1.16% | — | — |
| Engineers India Ltd. | Construction | 1.03% | ₹3.55 Cr | +0.77% | — | — |
| CreditAccess Grameen Ltd. | Financial | 1.02% | ₹3.54 Cr | +1.15% | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 1.02% | ₹3.53 Cr | — | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.99% | ₹3.43 Cr | +1.04% | +1.34% | +1.11% |
| Tech Mahindra Ltd. | Technology | 0.97% | ₹3.35 Cr | — | — | — |
| Five-Star Business Finance Ltd. | Financial | 0.91% | ₹3.13 Cr | +0.85% | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 0.90% | ₹3.11 Cr | +0.89% | +0.79% | +1.78% |
| Larsen & Toubro Ltd. | Construction | 0.90% | ₹3.09 Cr | +0.95% | +3.26% | +2.46% |
| Vardhman Textiles Ltd. | Textiles | 0.89% | ₹3.07 Cr | +1.02% | — | — |
| Inox Green Energy Services Ltd. | Capital Goods | 0.82% | ₹2.82 Cr | — | — | — |
| PTC Industries Ltd. | Metals & Mining | 0.82% | ₹2.83 Cr | +0.99% | +1.42% | +1.31% |
| Infosys Ltd. | Technology | 0.70% | ₹2.42 Cr | +0.68% | +1.00% | +2.29% |
| Bharti Airtel Ltd. | Communication | 0.67% | ₹2.30 Cr | +1.69% | +2.95% | +2.52% |
| Titagarh Rail Systems Ltd. | Automobile | 0.65% | ₹2.24 Cr | +0.67% | — | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.61% | ₹2.10 Cr | +0.63% | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.51% | ₹1.77 Cr | +0.61% | +1.79% | — |
| Bandhan Bank Ltd. | Financial | 0.50% | ₹1.72 Cr | +1.19% | +0.93% | — |
| Tata Consultancy Services Ltd. | Technology | 0.44% | ₹1.54 Cr | +0.42% | — | +1.36% |
| Vedanta Ltd. | Metals & Mining | 0.38% | ₹1.32 Cr | +0.40% | +1.09% | — |
| Midwest Ltd. | Materials | 0.22% | ₹0.78 Cr | +0.92% | +0.92% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Manipal Payment and Identity Solutions Ltd. | 0.00% | 2.23% | +2.23% |
| Hero Motocorp Ltd. | 1.47% | 0.00% | -1.47% |
| Global Health Ltd. | 0.00% | 1.36% | +1.36% |
| PNB Housing Finance Ltd. | 0.00% | 1.34% | +1.34% |
| L&T Finance Ltd. | 1.27% | 0.00% | -1.27% |
| Endurance Technologies Ltd. | 1.20% | 0.00% | -1.20% |
| HDFC Bank Ltd. | 3.71% | 4.90% | +1.19% |
| Affle 3I Ltd. | 1.19% | 0.00% | -1.19% |
| Others | 0.59% | 1.75% | +1.16% |
| ABB India Ltd. | 1.14% | 0.00% | -1.14% |
| HDFC Life Insurance Co Ltd. | 0.00% | 1.02% | +1.02% |
| Bharti Airtel Ltd. | 1.63% | 0.67% | -0.96% |
| Turtlemint Fintech Solutions Ltd. | 2.10% | 1.18% | -0.92% |
| Inox Green Energy Services Ltd. | 0.00% | 0.82% | +0.82% |
| Borosil Renewables Ltd. | 0.81% | 0.00% | -0.81% |
| Midwest Ltd. | 0.80% | 0.22% | -0.58% |
| Bandhan Bank Ltd. | 0.00% | 0.50% | +0.50% |
| PTC Industries Ltd. | 1.27% | 0.82% | -0.45% |
| Redington Ltd. | 1.41% | 1.69% | +0.28% |
| Wockhardt Ltd. | 1.27% | 1.51% | +0.24% |
| Engineers India Ltd. | 0.82% | 1.03% | +0.21% |
| ITC Ltd. | 2.10% | 2.27% | +0.17% |
| RBL Bank Ltd. | 1.36% | 1.52% | +0.16% |
| Shriram Finance Ltd | 2.32% | 2.16% | -0.16% |
| VA Tech Wabag Ltd. | 1.30% | 1.43% | +0.13% |
| The Federal Bank Ltd. | 1.96% | 1.84% | -0.12% |
| The South Indian Bank Ltd. | 1.04% | 1.16% | +0.12% |
| Dr. Lal Pathlabs Ltd. | 1.21% | 1.31% | +0.10% |
| Bajaj Auto Ltd. | 1.88% | 1.78% | -0.10% |
| Cholamandalam Investment and Finance Company Ltd. | 1.18% | 1.08% | -0.10% |
| ICICI Bank Ltd. | 2.04% | 1.95% | -0.09% |
| Indusind Bank Ltd. | 1.24% | 1.15% | -0.09% |
| Grasim Industries Ltd. | 1.63% | 1.55% | -0.08% |
| Reliance Industries Ltd. | 3.38% | 3.31% | -0.07% |
| Aarti Industries Ltd. | 1.37% | 1.31% | -0.06% |
| Infosys Ltd. | 0.76% | 0.70% | -0.06% |
| State Bank of India | 1.22% | 1.16% | -0.06% |
| Biocon Ltd. | 1.14% | 1.08% | -0.06% |
| Craftsman Automation Ltd. | 2.20% | 2.15% | -0.05% |
| Bajaj Finance Ltd. | 1.29% | 1.24% | -0.05% |
| City Union Bank Ltd. | 1.47% | 1.52% | +0.05% |
| Solar Industries India Ltd. | 1.73% | 1.78% | +0.05% |
| Tata Consultancy Services Ltd. | 0.49% | 0.44% | -0.05% |
| Divi's Laboratories Ltd. | 1.58% | 1.63% | +0.05% |
| Krishna Institute of Medical Sciences Ltd | 1.08% | 1.13% | +0.05% |
| Apollo Hospitals Enterprise Ltd. | 1.24% | 1.20% | -0.04% |
| Aster DM Quality Care Ltd. | 1.19% | 1.15% | -0.04% |
| Eternal Ltd. | 1.41% | 1.45% | +0.04% |
| Kalpataru Projects International Ltd. | 1.08% | 1.12% | +0.04% |
| Titagarh Rail Systems Ltd. | 0.61% | 0.65% | +0.04% |
| Ujjivan Small Finance Bank Ltd. | 1.66% | 1.70% | +0.04% |
| Yes Bank Ltd. | 1.14% | 1.10% | -0.04% |
| Bharat Heavy Electricals Ltd. | 2.24% | 2.21% | -0.03% |
| Equitas Small Finance Bank Ltd. | 1.51% | 1.48% | -0.03% |
| IIFL Finance Ltd. | 1.25% | 1.22% | -0.03% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.02% | 0.99% | -0.03% |
| Axis Bank Ltd. | 2.15% | 2.13% | -0.02% |
| Capri Global Capital Ltd. | 1.26% | 1.28% | +0.02% |
| Cohance Lifesciences Ltd. | 0.88% | 0.90% | +0.02% |
| CreditAccess Grameen Ltd. | 1.04% | 1.02% | -0.02% |
| Five-Star Business Finance Ltd. | 0.89% | 0.91% | +0.02% |
| Gujarat Fluorochemicals Ltd. | 1.46% | 1.44% | -0.02% |
| Hindalco Industries Ltd. | 1.10% | 1.08% | -0.02% |
| Manappuram Finance Ltd. | 1.21% | 1.19% | -0.02% |
| Tata Motors Passenger Vehicles Ltd. | 0.53% | 0.51% | -0.02% |
| Voltamp Transformers Ltd. | 1.47% | 1.49% | +0.02% |
| Zydus Wellness Ltd. | 1.06% | 1.08% | +0.02% |
| Larsen & Toubro Ltd. | 0.91% | 0.90% | -0.01% |
| Marico Ltd. | 1.40% | 1.41% | +0.01% |
| Poonawalla Fincorp Ltd. | 1.28% | 1.29% | +0.01% |
| Samvardhana Motherson International Ltd. | 1.90% | 1.91% | +0.01% |
| Tech Mahindra Ltd. | 0.98% | 0.97% | -0.01% |
| Vardhman Textiles Ltd. | 0.90% | 0.89% | -0.01% |
| Vedanta Ltd. | 0.39% | 0.38% | -0.01% |
| Balrampur Chini Mills Ltd. | 1.37% | 1.38% | +0.01% |
| Navin Fluorine International Ltd. | 1.29% | 1.29% | 0.00% |
| TVS Motor Company Ltd. | 1.32% | 1.32% | 0.00% |
| Vedanta Aluminium Metal Ltd. | 0.61% | 0.61% | 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 | ₹2,870 Cr | 2.41% | 11.3% | 9.7% | 14.2% |
 HDFC Value Fund | ₹8,039 Cr | 1.87% | 10.8% | 9.2% | 13.6% |
 DSP Value Fund | ₹2,225 Cr | 2.35% | 6.8% | 9.9% | 13.7% |
 Quant Value Fund | ₹1,917 Cr | 2.31% | 8.7% | 7.6% | — |
 Axis Value Fund | ₹1,836 Cr | 2.20% | 12.4% | 10.3% | 15.6% |
 LIC MF Value Fund | ₹336 Cr | 3.33% | 17.6% | 11.6% | 13.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related instruments by following value investing strategy.
Fund managers
- 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.
- Nilay DalalMr. Nilay holds a degree in B.E (Computer) from D.J Sanghvi College of Engg & masterâs in management studies in KJ Somaiya Institute of Management Studies & Research.Prior to joining ITI Mutual Fund, he has with Axis Asset Management Company, SBI Life Insurance Company Ltd & MAQ Software Pvt Ltd.
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 months−2.17% absolute | ₹60,000 | ₹58,698 | −2.17% | |
| 1 year−1.88% annualised | ₹1,20,000 | ₹1,18,785 | −1.01% | |
| 3 years10.15% annualised | ₹3,60,000 | ₹4,22,314 | 17.31% | |
| 5 years8.82% annualised | ₹6,00,000 | ₹7,56,206 | 26.03% |
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.
What is the NAV of ITI Value Fund?
The NAV of ITI Value Fund is ₹16.53 as on 9 Nov 2026.
What is the expense ratio of ITI Value Fund?
The expense ratio of ITI Value Fund is 3.04% per year.
What is the minimum SIP amount for ITI Value Fund?
You can start a SIP in ITI Value Fund with ₹3,000 a month.
What returns has ITI Value Fund given?
ITI Value Fund has returned -2.5% over 1 year, 1.8% over 3 years and 9.2% over 5 years (annualised).
Is there a lock-in or exit load on ITI Value Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 3 months..
How risky is ITI Value Fund?
ITI Value Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages ITI Value Fund?
ITI Value Fund is managed by ITI Mutual Fund, which runs 20 schemes with ₹12,469 Cr under management.