ITI Mutual Fund was founded in 2018 to offer high-quality investment solutions to investors seeking long-term wealth creation. It is promoted by the ITI Group, which has 180 offices and 3000 employees and is present in all major cities across India. The Investment Trust of India Ltd, incorporated in 1991, holds all ITI group businesses and promotes the ITI Mutual Fund.
Investment Trust of India Ltd (ITI) was the promoter of the 1st private sector Mutual Fund launched in Indian history by the name Pioneer ITI Mutual Fund, which was eventually taken over by Franklin Templeton Mutual Fund in 2002.
Key Information About ITI Mutual Fund
How to Invest in the ITI Mutual Fund
Investing in the best ITI Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred ITI Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best ITI Mutual Funds in India
Here is the list of some of the best ITI Mutual Funds in India:
* All data as of Jan 31, 2025
Detailed Overview of ITI Mutual Fund Schemes
Now, let’s discuss these 10 ITI Mutual Fund schemes in detail:
1. ITI Large Cap Fund - Direct Plan-Growth
ITI Large Cap Fund is an open-ended equity scheme mainly investing in equity and equity-related securities of large-cap stocks to generate long-term capital appreciation.
- Fund Performance: The fund's annualized returns for the past three years and since inception have been around 13.13% and 15.61%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,484.
- Minimum Investment Amount: The minimum lump sum for the ITI Large Cap Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
2. ITI Multi Cap Fund - Direct Plan-Growth
ITI Multi Cap Fund is an open-ended equity scheme investing in companies' equity-related securities across various market capitalisations to generate long-term capital appreciation from a diversified portfolio.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 19.04% and 16.07%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,876.
- Minimum Investment Amount: The minimum lump sum for the ITI Multi Cap Fund is ₹1000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
3. ITI Overnight Fund - Direct Plan-Growth
ITI Overnight Fund is an open-ended debt scheme that invests predominantly in overnight securities with a maturity of one business day. Its goal is to provide reasonable returns comparable to low risk and a high level of liquidity.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 5.93% and 4.82%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹11,889.
- Minimum Investment Amount: The minimum lump sum for the ITI Overnight Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
4. ITI Arbitrage Fund - Direct Plan-Growth
ITI Arbitrage Fund is an open-ended hybrid scheme that majorly invests in arbitrage opportunities in the cash and derivative segments of the equity markets. It also invests in the arbitrage opportunities available within the derivative segment by investing the balance in debt and money market instruments.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.27% and 5.09%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,004.
- Minimum Investment Amount: The minimum lump sum for the ITI Arbitrage Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
5. ITI Liquid Fund - Direct Plan-Growth
ITI Liquid Fund is an open-ended liquid scheme which aims to provide reasonable returns commensurate with low risk while maintaining a high level of liquidity through a portfolio of money market and debt securities.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.33% and 5.06%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,024.
- Minimum Investment Amount: The minimum lump sum for the ITI Liquid Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
6. ITI ELSS Tax Saver Fund - Direct Plan-Growth
ITI ELSS Tax Saver Fund is an open-ended equity-linked savings scheme with a 3-year statutory lock-in and tax benefits.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 19.45% and 17.94%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹17,052.
- Minimum Investment Amount: The minimum lump sum for the ITI ELSS Tax Saver Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500.
7. ITI Balanced Advantage Fund - Direct Plan-Growth
ITI Balanced Advantage Fund is an open-ended dynamic asset allocation fund that seeks capital appreciation by investing in equity and equity-related securities and fixed-income instruments.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 9.88% and 8.22%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,271.
- Minimum Investment Amount: The minimum lump sum for the ITI Balanced Advantage Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
8. ITI Pharma and Healthcare Fund - Direct Plan-Growth
ITI Pharma and Healthcare Fund is an open-ended equity scheme that chiefly invests in equity and equity-related securities of companies in the Pharmaceutical and Healthcare industries.
- Fund Performance: The fund's annualized returns for the past three years and since inception have been around 20.29% and 17.73%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹17,412.
- Minimum Investment Amount: The minimum lump sum for the ITI Pharma and Healthcare Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
9. ITI Dynamic Bond Fund - Direct Plan-Growth
ITI Dynamic Bond Fund is an open-ended dynamic debt scheme investing across duration to maximise returns by actively managing a debt and money market instruments portfolio.
- Fund Performance: The fund's annualized returns for the past three years and since inception have been around 7.45% and 6.94%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,409.
- Minimum Investment Amount: The minimum lump sum for the ITI Dynamic Bond Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
10. ITI Value Fund - Direct Plan-Growth
ITI Value Fund is an open-ended equity scheme that follows a value investing strategy. Its aim is to generate long-term capital appreciation by investing significantly in a portfolio of equity and equity-related instruments.
- Fund Performance: The fund's annualized returns for the three years and since inception have been around 18.96% and 15.39%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,840.
- Minimum Investment Amount: The minimum lump sum for the ITI Value Fund is ₹5000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.
Top Fund Managers
Below is the list of people who have made ITI Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Rajesh Bhatia
Mr. Rajesh Bhatia is the Chief Investment Officer at ITI AMC. He has 30+ years of investment experience in Indian equities and 10+ years in Alternative Investments (Long-Short fund management). Mr. Bhatia has worked as the CIO of Simto Investments, a subsidiary of Tata Investments, as well as Senior vice president and head of Portfolio Management Services (PMS) at Reliance Capital Asset Management, where he started the firm's business unit for the firm in 2004. He was a Co-founder and CIO of Heritage India Advisors.
2. Mr. Laukik Bagwe
Mr. Laukik Bagwe is the fund manager & head of fixed income at ITI AMC. He has over 25 years of expertise in fund management, portfolio management, and fixed-income markets, specialising in money and government securities. Before joining ITI AMC, he was Vice President at DSP Asset Managers Private Limited and Senior Dealer at Derivium Securities India Private Limited.
3. Mr. Dhimant Shah
Mr. Dhimant Shah is a senior equity fund manager at ITI AMC. He has extensive experience, working for Marquee Indian Mutual Funds for 26 years and a top-tier track record. Previously, Mr. Shah headed Research and was the co-fund manager of equities with Oneup Finance Pvt. Ltd. and was associated with ASK Raymond James, Reliance AMC (PMS), HSBC Asset Management (India) Pvt. Ltd., IL&FS AMC Ltd and J V Gokal Investments (Pvt.) Ltd., and Principal PNB AMC (India) Pvt. Ltd.
4. Mr. Rohan Korde
Mr. Korde joined ITI Asset Management Ltd. in June 2019 as an equity fund manager. He has over 17 years of experience in capital markets and has focused on fundamental research on investment ideas across several sectors and industries. He has worked with BOB Capital Markets as Vice President of Research, Prabhudas Lilladher as Vice President of Research, and Anand Rathi Share & Stockbrokers as Vice President Research.
5. Ms. Purvi Patel
Ms. Purvi Joined ITI AMC in October 2024 as a Fixed Income Dealer. She has around 23 years of experience and will be primarily responsible as a Dealer-Fixed Income in ITI AMC. Previously, she was associated with ITI Gilts Ltd. and Brics Gilt Finance Private Ltd.
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