ITI Multi Asset Allocation Fund vs ITI Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Multi Asset Allocation Fund is a Multi Asset fund and ITI Value Fund is a Value and Contra fund. ITI Multi Asset Allocation Fund charges 1.92% a year and ITI Value Fund 1.34% (Direct plans). Their portfolios overlap 22.8%: they hold 19 of the same securities.
ITI Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.92%
- NAV
- ₹9.57
Which is better, ITI Multi Asset Allocation or ITI Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Value costs less: 1.34% a year against 1.92% (Direct plans).
- ITI Multi Asset Allocation fell less in its worst fall since 10-09-2026: −6.0% against −10.1%.
- ITI Value holds more in large companies: 42.3% of the fund in large caps against 18.1%.
- ITI Value is the larger fund: ₹346 Cr against ₹144 Cr.
- Their portfolios overlap 22.8%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ITI Multi Asset Allocation Fund | ITI Value Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | ITI Mutual Fund |
| Category | Multi Asset | Value and Contra |
| AUM | ₹144 Cr (30-09-2026) | ₹346 Cr (30-09-2026) |
| NAV | ₹9.57 (Direct) | ₹17.22 (Direct) |
| Expense ratio (Direct) | 1.92% | 1.34% |
| Expense ratio (Regular) | 3.61% | 3.04% |
| Riskometer | High | Very High |
| Benchmark | 50% NIFTY 500 TRI + 30% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 10% Domestic Price of Silver | Nifty 500 TRI |
| Launch date | 07-09-2026 | 14-06-2021 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nilay Dalal, Laukik Bagwe | Nilay Dalal, Dhimant Shah |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 0.50%, if redeemed within 3 months. |
ITI Multi Asset Allocation vs ITI Value: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ITI Multi Asset Allocation Fund (Direct) | −3.02% | -- | -- | -- | -- | -- | -- |
| ITI Value Fund (Direct) | −4.96% | −7.71% | −6.93% | −7.38% | +10.66% | +10.32% | -- |
| Multi Asset average | −1.71% | -- | -- | -- | -- | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | -- |
Category average: the average of the 37 Multi Asset funds and the 30 Value and Contra funds, same plan type.
ITI Multi Asset Allocation vs ITI Value: Year-wise Returns
| Year | Multi Asset AllocationITI Multi Asset Allocation | ValueITI Value |
|---|---|---|
| 2026to date | -- | −9.36% |
| 2025 | -- | +5.32% |
| 2024 | -- | +20.57% |
| 2023 | -- | +38.94% |
| 2022 | -- | +7.86% |
ITI Multi Asset Allocation vs ITI Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of ITI Value Fund
ITI Multi Asset Allocation vs ITI Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Multi Asset Allocation Fund (Direct) | ITI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −27.08% | +10.66% |
| Standard deviation | 10.04% | 15.63% |
| Sharpe ratio | -3.24 | 0.32 |
| Sortino ratio | -3.61 | 0.43 |
| Maximum drawdown | −6.0% (23-10-2026) | −22.7% (20-06-2022) |
| Beta | -- | 1.04 |
| Alpha | -- | −0.18% |
From daily NAVs, 10-09-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ITI Multi Asset Allocation Fund (Direct)
ITI Value Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Multi Asset Allocation Fund (Direct) | −6.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
| ITI Value Fund (Direct) | −10.1% | 10-09-2026 | 26-10-2026 | Not yet | -- | −9.3% |
| Nifty 500 TRI | −6.6% | 10-09-2026 | 23-10-2026 | Not yet | -- | −4.5% |
From daily values since 10-09-2026, the first day every fund has.
ITI Multi Asset Allocation vs ITI Value: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Multi Asset Allocation Fund, September 2026; ITI Value Fund, September 2026
Holdings in common
- Overlap
- 22.8%
- Held by both
- 19
- Only in ITI Multi Asset Allocation
- 28
- Only in ITI Value
- 52
| Security | % of ITI Multi Asset Allocation | % of ITI Value |
|---|---|---|
| Manipal Payment and Identity Solutions Ltd | 2.67% | 2.23% |
| ICICI Bank Limited | 2.93% | 1.95% |
| Reliance Industries Limited | 1.66% | 3.31% |
| HDFC Bank Limited | 1.65% | 4.90% |
| Eternal Limited | 1.44% | 1.45% |
| Global Health Limited | 1.14% | 1.36% |
| PNB Housing Finance Limited | 1.12% | 1.34% |
| Grasim Industries Limited | 1.09% | 1.55% |
| Bajaj Auto Limited | 1.08% | 1.78% |
| Samvardhana Motherson International Limited | 1.04% | 1.91% |
| Solar Industries India Limited | 1.04% | 1.78% |
| Bharat Heavy Electricals Limited | 1.03% | 2.21% |
| HDFC Life Insurance Company Limited | 1.91% | 1.02% |
| Bajaj Finance Limited | 0.99% | 1.24% |
| IIFL Finance Limited | 0.99% | 1.22% |
| RBL Bank Limited | 0.98% | 1.52% |
| Kalpataru Projects International Limited | 0.98% | 1.12% |
| Voltamp Transformers Limited | 0.87% | 1.49% |
| Bandhan Bank Limited | 0.48% | 0.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.8% means 22.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ITI Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.60% REC Limited (30/06/2027) | 3.44% |
| Union Bank of India (12/03/2027) | 3.36% |
| DSP Gold ETF | 3.32% |
| Mirae Asset Gold ETF | 2.79% |
| IDFC First Bank Limited | 1.96% |
Largest holdings only in ITI Value Fund
| Security | % of fund |
|---|---|
| ITC Limited | 2.27% |
| Shriram Finance Limited | 2.16% |
| Craftsman Automation Limited | 2.15% |
| Axis Bank Limited | 2.13% |
| The Federal Bank Limited | 1.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Multi Asset Allocation | ITI Value |
|---|---|---|
| Equity | 46.9% | 95.6% |
| Debt | 6.8% | 0.0% |
| Cash and others | 46.3% | 4.4% |
Market cap of stocks
| Market cap | ITI Multi Asset Allocation | ITI Value |
|---|---|---|
| Large Cap | 18.1% | 42.3% |
| Mid Cap | 7.8% | 10.5% |
| Small Cap | 17.4% | 40.6% |
| Not on AMFI's list | 3.7% | 2.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ITI Multi Asset Allocation | ITI Value |
|---|---|---|
| Banks | 8.9% | 22.1% |
| Finance | 3.1% | 12.7% |
| Healthcare Services | 1.1% | 6.2% |
| Chemicals & Petrochemicals | 1.0% | 5.8% |
| Pharmaceuticals & Biotechnology | 3.9% | 5.1% |
| Auto Components | 2.9% | 5.0% |
| Industrial Products | 4.1% | 0.8% |
| Electrical Equipment | 2.8% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Multi Asset Allocation vs ITI Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Multi Asset Allocation Fund | ITI Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.92% | 1.34% |
| Base expense ratio (Direct) | 0.34% | 0.60% |
| Total expense ratio (Regular) | 3.61% | 3.04% |
| Base expense ratio (Regular) | 1.82% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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ITI Multi Asset Allocation Fund vs ITI Value Fund: Frequently Asked Questions
What is the difference between ITI Multi Asset Allocation Fund and ITI Value Fund?
ITI Multi Asset Allocation Fund is a Multi Asset fund, ITI Value Fund is a Value and Contra fund, run by ITI Mutual Fund. Their portfolios overlap 22.8%. ITI Multi Asset Allocation Fund charges 1.92% a year and ITI Value Fund 1.34%.
Which has the lower expense ratio, ITI Multi Asset Allocation Fund or ITI Value Fund?
ITI Value Fund charges less: 1.34% a year against 1.92%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Multi Asset Allocation Fund and ITI Value Fund overlap?
22.8%. They hold 19 of the same securities, the largest shared ones being Manipal Payment and Identity Solutions Ltd, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, ITI Multi Asset Allocation Fund or ITI Value Fund?
On SEBI's riskometer, ITI Multi Asset Allocation Fund is rated High and ITI Value Fund Very High. Over their common history, the standard deviation of daily returns was 10.04% and 15.63% a year.
Can I invest in both ITI Multi Asset Allocation Fund and ITI Value Fund?
Yes. 22.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Multi Asset Allocation Fund and ITI Value Fund?
ITI Multi Asset Allocation Fund: Nilay Dalal, Laukik Bagwe. ITI Value Fund: Nilay Dalal, Dhimant Shah.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.