ITI Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹16.67-0.12%1 day
- Return since launch
- 10.2%
- 52-week range
- ₹14.70 — ₹17.55
- AUM
- ₹364 Cr
ITI Value Fund is a Value & Contra equity fund from ITI Mutual Fund with ₹364 Cr under management, launched in 2021. Over three years it has returned 3.3% a year, against 11.9% for its category. The expense ratio is 3.20% 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 +2.9% against +0.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -0.6% | −3.0 pts | 2.4% | -1.9% |
| 2Y | 1.6% | +0.2 pts | 1.4% | 0.4% |
| 3Y | 3.3% | −8.6 pts | 11.9% | 3.5% |
| 5Y | 10.3% | −1.2 pts | 11.5% | 10.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.7% | −0.5 pts | -3.2% | -3.1% |
| 3M | -1.4% | −0.6 pts | -0.8% | -1.1% |
| 6M | 10.1% | +1.3 pts | 8.7% | 7.7% |
| 1Y | 2.9% | +0.5 pts | 2.4% | 0.6% |
| 2Y | -3.6% | −0.6 pts | -3.0% | -3.5% |
| 3Y | 10.9% | −1.0 pts | 11.9% | 10.9% |
| 5Y | 10.0% | −1.5 pts | 11.5% | 10.8% |
Since launch (25 May 2021): 10.2%
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
3.11%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.24%
- Transaction charges
- 0.01%
- Statutory levies
- 0.76%
- 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 | 0.29 | 5.39 | 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 | 0.45 | 0.77 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.58 | 1.08 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.91 | 16.29 | 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 31 Aug 2026
Asset allocation
- Equity96.8%
- Other3.2%
Market cap split
- Large44.3%
- Mid15.2%
- Small40.5%
- P/E
- 24.04
- P/B
- 3.05
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 3.71% | ₹13.50 Cr | +4.04% | +4.08% | +5.77% |
| Reliance Industries Ltd. | Energy | 3.38% | ₹12.31 Cr | +4.05% | +4.35% | +4.88% |
| Others | Others | 3.19% | ₹11.50 Cr | +7.43% | +3.06% | +4.14% |
| Shriram Finance Ltd | Financial | 2.32% | ₹8.43 Cr | +2.05% | +2.39% | +1.68% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.24% | ₹8.16 Cr | +2.19% | +1.26% | — |
| Craftsman Automation Ltd. | Automobile | 2.20% | ₹7.99 Cr | +1.84% | +1.53% | +1.51% |
| Axis Bank Ltd. | Financial | 2.15% | ₹7.82 Cr | +2.20% | +3.71% | +2.91% |
| ITC Ltd. | Consumer Staples | 2.10% | ₹7.65 Cr | — | — | +4.01% |
| Turtlemint Fintech Solutions Ltd. | Financial | 2.10% | ₹7.66 Cr | — | — | — |
| ICICI Bank Ltd. | Financial | 2.04% | ₹7.42 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 1.96% | ₹7.13 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.90% | ₹6.91 Cr | +1.68% | +1.79% | +1.24% |
| company:9822 | Automobile | 1.88% | ₹6.85 Cr | — | — | — |
| Solar Industries India Ltd. | Chemicals | 1.73% | ₹6.28 Cr | +1.62% | +1.22% | +1.08% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.66% | ₹6.03 Cr | +1.35% | +1.54% | — |
| Bharti Airtel Ltd. | Communication | 1.63% | ₹5.94 Cr | +1.71% | +2.46% | +2.61% |
| Grasim Industries Ltd. | Materials | 1.63% | ₹5.91 Cr | +1.56% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.58% | ₹5.75 Cr | — | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.51% | ₹5.51 Cr | +1.49% | +1.32% | +0.97% |
| City Union Bank Ltd. | Financial | 1.47% | ₹5.34 Cr | +1.27% | +1.03% | — |
| Voltamp Transformers Ltd. | Capital Goods | 1.47% | ₹5.34 Cr | +1.30% | +1.28% | — |
| company:1471 | Automobile | 1.47% | ₹5.34 Cr | — | — | +1.42% |
| Gujarat Fluorochemicals Ltd. | Chemicals | 1.46% | ₹5.32 Cr | — | — | — |
| Eternal Ltd. | Services | 1.41% | ₹5.15 Cr | — | — | — |
| Redington Ltd. | Services | 1.41% | ₹5.14 Cr | — | — | — |
| Marico Ltd. | Consumer Staples | 1.40% | ₹5.09 Cr | — | — | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.37% | ₹4.99 Cr | — | — | — |
| company:38 | Chemicals | 1.37% | ₹4.98 Cr | +1.05% | — | — |
| RBL Bank Ltd. | Financial | 1.36% | ₹4.95 Cr | +1.46% | +1.00% | — |
| TVS Motor Company Ltd. | Automobile | 1.32% | ₹4.82 Cr | — | — | — |
| VA Tech Wabag Ltd. | Capital Goods | 1.30% | ₹4.74 Cr | +1.04% | +1.25% | +1.10% |
| Bajaj Finance Ltd. | Financial | 1.29% | ₹4.71 Cr | +1.15% | +1.07% | +1.08% |
| Navin Fluorine International Ltd. | Chemicals | 1.29% | ₹4.71 Cr | +1.10% | +0.89% | +1.74% |
| company:5775 | Financial | 1.28% | ₹4.68 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 1.27% | ₹4.61 Cr | — | — | — |
| PTC Industries Ltd. | Metals & Mining | 1.27% | ₹4.60 Cr | +1.05% | +1.51% | +1.32% |
| Wockhardt Ltd. | Healthcare | 1.27% | ₹4.63 Cr | +1.42% | — | +1.72% |
| Capri Global Capital Ltd. | Financial | 1.26% | ₹4.57 Cr | — | — | — |
| IIFL Finance Ltd. | Financial | 1.25% | ₹4.55 Cr | — | — | +0.48% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.24% | ₹4.53 Cr | +1.18% | +1.15% | — |
| Indusind Bank Ltd. | Financial | 1.24% | ₹4.50 Cr | +1.15% | +1.16% | — |
| State Bank of India | Financial | 1.22% | ₹4.44 Cr | +2.11% | +2.89% | +2.18% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 1.21% | ₹4.40 Cr | +1.04% | — | — |
| Manappuram Finance Ltd. | Financial | 1.21% | ₹4.42 Cr | +1.20% | +0.84% | +1.01% |
| company:14468 | Automobile | 1.20% | ₹4.37 Cr | +1.02% | +1.27% | — |
| Affle 3I Ltd. | Technology | 1.19% | ₹4.34 Cr | — | +1.36% | +1.93% |
| Aster DM Quality Care Ltd. | Healthcare | 1.19% | ₹4.32 Cr | +1.19% | +1.59% | +1.56% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.18% | ₹4.29 Cr | +1.01% | +1.16% | — |
| ABB India Ltd. | Capital Goods | 1.14% | ₹4.14 Cr | — | — | — |
| Biocon Ltd. | Healthcare | 1.14% | ₹4.16 Cr | — | — | — |
| Yes Bank Ltd. | Financial | 1.14% | ₹4.14 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.10% | ₹4.01 Cr | +1.03% | +0.86% | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.08% | ₹3.94 Cr | +1.05% | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.08% | ₹3.94 Cr | — | — | — |
| Zydus Wellness Ltd. | Consumer Staples | 1.06% | ₹3.85 Cr | +1.05% | — | — |
| CreditAccess Grameen Ltd. | Financial | 1.04% | ₹3.79 Cr | +1.03% | — | — |
| The South Indian Bank Ltd. | Financial | 1.04% | ₹3.79 Cr | — | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.02% | ₹3.71 Cr | +1.02% | +1.31% | +1.19% |
| company:7925 | Technology | 0.98% | ₹3.58 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 0.91% | ₹3.33 Cr | +0.96% | +3.30% | +2.49% |
| Vardhman Textiles Ltd. | Textiles | 0.90% | ₹3.28 Cr | +0.94% | — | — |
| Five-Star Business Finance Ltd. | Financial | 0.89% | ₹3.25 Cr | +0.77% | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 0.88% | ₹3.20 Cr | +0.86% | +0.72% | +1.74% |
| Engineers India Ltd. | Construction | 0.82% | ₹3.00 Cr | +0.76% | — | +1.03% |
| Borosil Renewables Ltd. | Materials | 0.81% | ₹2.96 Cr | — | — | — |
| Midwest Ltd. | Materials | 0.80% | ₹2.90 Cr | +0.90% | +0.81% | — |
| Infosys Ltd. | Technology | 0.76% | ₹2.76 Cr | +0.81% | +0.92% | +3.03% |
| Titagarh Rail Systems Ltd. | Automobile | 0.61% | ₹2.24 Cr | +0.64% | — | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.61% | ₹2.21 Cr | +0.18% | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.53% | ₹1.93 Cr | +0.70% | +1.28% | — |
| Tata Consultancy Services Ltd. | Technology | 0.49% | ₹1.80 Cr | +0.48% | — | — |
| Vedanta Ltd. | Metals & Mining | 0.39% | ₹1.42 Cr | +0.51% | +1.01% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 2.53% | 0.59% | -1.94% |
| company:9822 | 0.00% | 1.88% | +1.88% |
| Adani Ports and Special Economic Zone Ltd. | 1.52% | 0.00% | -1.52% |
| company:1471 | 0.00% | 1.47% | +1.47% |
| Coal India Ltd. | 1.37% | 0.00% | -1.37% |
| company:38 | 0.00% | 1.37% | +1.37% |
| Gokaldas Exports Ltd. | 1.31% | 0.00% | -1.31% |
| company:5775 | 0.00% | 1.28% | +1.28% |
| Lupin Ltd. | 1.25% | 0.00% | -1.25% |
| company:14468 | 0.00% | 1.20% | +1.20% |
| Rainbow Children's Medicare Ltd. | 1.13% | 0.00% | -1.13% |
| Motilal Oswal Financial Services Ltd. | 1.10% | 0.00% | -1.10% |
| company:7925 | 0.00% | 0.98% | +0.98% |
| Reliance Industries Ltd. | 3.92% | 3.38% | -0.54% |
| Ceat Ltd. | 0.45% | 0.00% | -0.45% |
| Turtlemint Fintech Solutions Ltd. | 1.78% | 2.10% | +0.32% |
| HDFC Bank Ltd. | 3.97% | 3.71% | -0.26% |
| Craftsman Automation Ltd. | 1.96% | 2.20% | +0.24% |
| PTC Industries Ltd. | 1.03% | 1.27% | +0.24% |
| ITC Ltd. | 2.34% | 2.10% | -0.24% |
| Hindalco Industries Ltd. | 0.87% | 1.10% | +0.23% |
| Divi's Laboratories Ltd. | 1.36% | 1.58% | +0.22% |
| RBL Bank Ltd. | 1.56% | 1.36% | -0.20% |
| Samvardhana Motherson International Ltd. | 1.70% | 1.90% | +0.20% |
| CreditAccess Grameen Ltd. | 1.23% | 1.04% | -0.19% |
| Bharti Airtel Ltd. | 1.80% | 1.63% | -0.17% |
| Bharat Heavy Electricals Ltd. | 2.09% | 2.24% | +0.15% |
| Navin Fluorine International Ltd. | 1.14% | 1.29% | +0.15% |
| Manappuram Finance Ltd. | 1.35% | 1.21% | -0.14% |
| Voltamp Transformers Ltd. | 1.33% | 1.47% | +0.14% |
| Bajaj Finance Ltd. | 1.42% | 1.29% | -0.13% |
| City Union Bank Ltd. | 1.34% | 1.47% | +0.13% |
| Solar Industries India Ltd. | 1.60% | 1.73% | +0.13% |
| Aster DM Quality Care Ltd. | 1.31% | 1.19% | -0.12% |
| Capri Global Capital Ltd. | 1.15% | 1.26% | +0.11% |
| Marico Ltd. | 1.51% | 1.40% | -0.11% |
| Engineers India Ltd. | 0.71% | 0.82% | +0.11% |
| Grasim Industries Ltd. | 1.52% | 1.63% | +0.11% |
| Shriram Finance Ltd | 2.21% | 2.32% | +0.11% |
| Zydus Wellness Ltd. | 1.17% | 1.06% | -0.11% |
| Borosil Renewables Ltd. | 0.91% | 0.81% | -0.10% |
| Axis Bank Ltd. | 2.06% | 2.15% | +0.09% |
| Eternal Ltd. | 1.32% | 1.41% | +0.09% |
| Krishna Institute of Medical Sciences Ltd | 1.17% | 1.08% | -0.09% |
| Gujarat Fluorochemicals Ltd. | 1.38% | 1.46% | +0.08% |
| Ujjivan Small Finance Bank Ltd. | 1.74% | 1.66% | -0.08% |
| Midwest Ltd. | 0.88% | 0.80% | -0.08% |
| Balrampur Chini Mills Ltd. | 1.30% | 1.37% | +0.07% |
| Kalpataru Projects International Ltd. | 1.01% | 1.08% | +0.07% |
| Wockhardt Ltd. | 1.34% | 1.27% | -0.07% |
| Biocon Ltd. | 1.20% | 1.14% | -0.06% |
| IIFL Finance Ltd. | 1.19% | 1.25% | +0.06% |
| Tata Motors Passenger Vehicles Ltd. | 0.59% | 0.53% | -0.06% |
| Cohance Lifesciences Ltd. | 0.83% | 0.88% | +0.05% |
| Equitas Small Finance Bank Ltd. | 1.56% | 1.51% | -0.05% |
| Five-Star Business Finance Ltd. | 0.93% | 0.89% | -0.04% |
| The Federal Bank Ltd. | 2.00% | 1.96% | -0.04% |
| The South Indian Bank Ltd. | 1.08% | 1.04% | -0.04% |
| Vardhman Textiles Ltd. | 0.94% | 0.90% | -0.04% |
| ABB India Ltd. | 1.10% | 1.14% | +0.04% |
| Apollo Hospitals Enterprise Ltd. | 1.27% | 1.24% | -0.03% |
| Vedanta Aluminium Metal Ltd. | 0.64% | 0.61% | -0.03% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.99% | 1.02% | +0.03% |
| L&T Finance Ltd. | 1.25% | 1.27% | +0.02% |
| Redington Ltd. | 1.43% | 1.41% | -0.02% |
| State Bank of India | 1.20% | 1.22% | +0.02% |
| Titagarh Rail Systems Ltd. | 0.63% | 0.61% | -0.02% |
| VA Tech Wabag Ltd. | 1.32% | 1.30% | -0.02% |
| Vedanta Ltd. | 0.37% | 0.39% | +0.02% |
| Affle 3I Ltd. | 1.20% | 1.19% | -0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 1.19% | 1.18% | -0.01% |
| Indusind Bank Ltd. | 1.25% | 1.24% | -0.01% |
| Infosys Ltd. | 0.77% | 0.76% | -0.01% |
| Larsen & Toubro Ltd. | 0.90% | 0.91% | +0.01% |
| TVS Motor Company Ltd. | 1.33% | 1.32% | -0.01% |
| Yes Bank Ltd. | 1.15% | 1.14% | -0.01% |
| Dr. Lal Pathlabs Ltd. | 1.21% | 1.21% | 0.00% |
| ICICI Bank Ltd. | 2.04% | 2.04% | 0.00% |
| Tata Consultancy Services Ltd. | 0.49% | 0.49% | 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 | ₹2,929 Cr | 2.46% | 11.0% | 10.1% | 14.3% |
 HDFC Value Fund | ₹8,266 Cr | 1.88% | 5.5% | 8.3% | 13.2% |
 DSP Value Fund | ₹2,220 Cr | 2.40% | 1.4% | 8.9% | 13.1% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 12.0% | 9.2% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 7.8% | 9.6% | 15.4% |
 LIC MF Value Fund | ₹302 Cr | 3.30% | 28.5% | 14.7% | 15.6% |
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 months10.07% absolute | ₹60,000 | ₹66,042 | 10.07% | |
| 1 year2.90% annualised | ₹1,20,000 | ₹1,21,902 | 1.58% | |
| 3 years10.86% annualised | ₹3,60,000 | ₹4,27,157 | 18.65% | |
| 5 years10.02% annualised | ₹6,00,000 | ₹7,81,250 | 30.21% |
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 ₹16.67 as on 25 Sep 2026.
What is the expense ratio of ITI Value Fund?
The expense ratio of ITI Value Fund is 3.20% 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 -0.6% over 1 year, 3.3% over 3 years and 10.3% 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 ₹11,302 Cr under management.