ITI Focused Fund

FocusedDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

ITI Focused Fund is a Focused fund run by ITI Mutual Fund. On 30-09-2026, it managed ₹607 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 15.8% a year and its Regular plan returned 13.7% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.

NAV (Direct plan): ₹16.24; ▼ 0.57%30-10-2026
NAV (Regular plan): ₹15.27; ▼ 0.58%30-10-2026
Expense ratio: 0.90%Direct2.59%Regular; 0.90%; A year
Riskometer: Very High; Set by the fund house
3 year return: 15.8%Direct13.7%Regular; 15.8%; A year

ITI Focused Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹16.24 (down 0.57% that day); Regular Plan Growth ₹15.27 (down 0.58% that day).

This fund (Direct plan)

₹16.24

ITI Focused Fund Returns vs Nifty 500 TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−3.18%	−5.95%	−1.75%	−0.70%	+15.80%	--	--
This fund (Regular)	−3.32%	−6.34%	−2.58%	−2.42%	+13.72%	--	--
Nifty 500 TRI	−0.75%	−6.05%	−2.83%	−7.34%	+10.22%	+8.81%	+12.51%
Focused average	−1.00%	−4.12%	+1.39%	−3.09%	+12.30%	--	--
Best in Focused	+2.11%	+5.18%	+17.02%	+19.34%	+21.38%	--	--
Worst in Focused	−5.18%	−8.77%	−5.73%	−14.35%	+7.49%	--	--
Rank in Focused	23/28	22/28	21/28	9/28	3/27	--	--

Category rows compare the Direct plans of 28 Focused funds. Rank 1 is the highest return.

ITI Focused Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	−2.51%	−3.88%	−7.51%
2025	+9.68%	+7.72%	+7.76%
2024	+26.87%	+24.48%	+16.24%

ITI Focused Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 89 periods, one for each trading day from 22-06-2026 to 30-10-2026.

0%5%10%15%20%25%

Jul 2023
to
Jul 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026

ITI Focused Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	582	11.7%	−3.2%	52.8%	2%	6.2%	100%
2 years	334	14.1%	1.8%	26.8%	0%	8.3%	100%
3 years	89	19.2%	14.4%	21.1%	0%	12.1%	100%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	29	12.8%	−18.2%	55.2%	17%	5.3%	97%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.

ITI Focused Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	ITI Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−0.70%	−7.34%
Standard deviation	15.77%	14.48%
Sharpe ratio	-0.38	-0.87
Sortino ratio	-0.51	-1.16
Maximum drawdown	−13.6% (23-03-2026)	−14.7% (30-03-2026)
Beta	1.02	1.00
Alpha	+6.87%	0.00%

From daily NAVs, 30-10-2025 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	ITI Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+15.80%	+10.22%
Standard deviation	16.09%	14.30%
Sharpe ratio	0.61	0.29
Sortino ratio	0.82	0.40
Maximum drawdown	−18.4% (28-02-2025)	−18.6% (28-02-2025)
Beta	1.06	1.00
Alpha	+5.33%	0.00%

From daily NAVs, 30-10-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	ITI Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+15.62%	+10.36%
Standard deviation	15.45%	13.85%
Sharpe ratio	0.62	0.31
Sortino ratio	0.83	0.41
Maximum drawdown	−18.4% (28-02-2025)	−18.6% (28-02-2025)
Beta	1.05	1.00
Alpha	+5.07%	0.00%

From daily NAVs, 21-06-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−20%−15%−10%−5%0%

202420252026

ITI Focused Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
ITI Focused Fund (Direct)	−18.4%	27-09-2024	28-02-2025	26-06-2025	4 months	−8.6%
Nifty 500 TRI	−18.6%	26-09-2024	28-02-2025	Not yet	--	−8.8%

From the Direct plan's daily NAV since 21-06-2023, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

ITI Focused Fund vs Other Focused Funds

The five Focused funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Invesco India Focused Fund	1/27	6,229	0.70%	+3.30%	+21.38%	+11.34%	1.04	0.96	1.35	Compare
ICICI Prudential Focused Fund	2/27	17,168	1.12%	−4.91%	+16.41%	+6.86%	0.91	0.77	1.09	Compare
ITI Focused Fund	3/27	607	0.90%	−0.70%	+15.80%	+5.33%	1.06	0.61	0.82
HDFC Focused Fund	4/27	26,553	0.83%	−4.98%	+15.40%	+6.13%	0.77	0.80	1.12	Compare
SBI Focused Fund	5/27	50,180	0.82%	+3.97%	+15.26%	+6.11%	0.76	0.76	1.05	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

ITI Focused Fund Expense Ratio and Costs

What each plan charges a year, in force from 15-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Focused median	Cost rank (1 = cheapest)
Direct	0.59%	0.07%	0.00%	0.24%	0.90%	1.10%	7/28
Regular	2.07%	0.07%	0.00%	0.45%	2.59%	2.23%	23/28

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Focused funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−2.42%	−0.70%	1.72%	₹97,580	₹99,300
3 years	13.72%	15.80%	2.08% a year	₹1,47,065	₹1,55,284

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

ITI Focused Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 21-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planITI Focused Fund (Direct)	₹4,10,000	₹4,74,727	₹64,727	8.6%
Regular planITI Focused Fund (Regular)	₹4,10,000	₹4,58,944	₹48,944	6.6%
Nifty 500 TRI	₹4,10,000	₹4,32,068	₹22,068	3.0%
Category averageCategory average, 28 Focused funds	₹4,10,000	₹4,54,470	₹44,470	6.0%

₹0₹2.0 L₹4.0 L₹6.0 L

202420252026

Direct planITI Focused Fund (Direct)Regular planITI Focused Fund (Regular)Nifty 500 TRICategory averageCategory average, 28 Focused fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

ITI Focused Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

93.0%Equity

Asset	Fund	Category
Equity	93.0%	93.9%
Cash and others	7.0%	5.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	51.4%	57.8%
Mid Cap	18.6%	18.9%
Small Cap	23.1%	15.4%

Share of the whole fund. Category: the average of the Focused funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

ITI Focused Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks14.9%
Industrial Products14.8%
Pharmaceuticals & Biotechnology8.0%
Chemicals & Petrochemicals6.5%
Capital Markets4.3%
Petroleum Products4.2%
Non - Ferrous Metals4.0%
Electrical Equipment3.5%
Auto Components3.2%
Finance3.2%

The ten largest of 20 sectors. The other 10 add up to 26.4%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	13.2%	14.9%	14.9%	+1.8%
Industrial Products	13.2%	14.2%	14.8%	+1.6%
Pharmaceuticals & Biotechnology	7.4%	7.1%	8.0%	+0.6%
Chemicals & Petrochemicals	6.6%	6.8%	6.5%	−0.1%
Capital Markets	3.9%	4.1%	4.3%	+0.4%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

ITI Focused Fund Portfolio Holdings

As on 30-09-2026 · 29 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
ICICI Bank Limited	Banks	5.03%	+4.5%
KRN Heat Exchanger And Refrigeration Limited	Industrial Products	4.76%	−7.3%
Wockhardt Limited	Pharmaceuticals & Biotechnology	4.66%	+8.7%
Multi Commodity Exchange of India Limited	Capital Markets	4.34%	+5.8%
Reliance Industries Limited	Petroleum Products	4.20%	0.0%
Graphite India Limited	Industrial Products	4.17%	0.0%
HDFC Bank Limited	Banks	4.09%	0.0%
Vedanta Aluminium Metal Limited	Non - Ferrous Metals	4.05%	0.0%
Solar Industries India Limited	Chemicals & Petrochemicals	4.00%	−6.7%
MTAR Technologies Limited	Electrical Equipment	3.53%	+14.0%
State Bank of India	Banks	3.51%	0.0%
AIA Engineering Limited	Industrial Products	3.49%	+11.5%
Sun Pharmaceutical Industries Limited	Pharmaceuticals & Biotechnology	3.29%	+2.9%
ZF Commercial Vehicle Control Systems India Limited	Auto Components	3.24%	0.0%
Shriram Finance Limited	Finance	3.21%	0.0%
Dixon Technologies (India) Limited	Consumer Durables	2.88%	+10.8%
Bharti Airtel Limited	Telecom - Services	2.86%	+2.1%
Larsen & Toubro Limited	Construction	2.83%	0.0%
UltraTech Cement Limited	Cement & Cement Products	2.81%	0.0%
NLC India Limited	Power	2.76%	+8.0%
Anant Raj Limited	Realty	2.69%	−5.9%
Tata Consumer Products Limited	Agricultural Food & other Products	2.67%	0.0%
Fortis Healthcare Limited	Healthcare Services	2.67%	−13.4%
Gujarat Fluorochemicals Limited	Chemicals & Petrochemicals	2.46%	0.0%
Cummins India Limited	Industrial Products	2.33%	+36.2%
Kotak Mahindra Bank Limited	Banks	2.32%	+7.5%
Tata Consultancy Services Limited	IT - Software	2.19%	+8.6%
Maruti Suzuki India Limited	Automobiles	1.97%	0.0%
Ather Energy Limited	Automobiles	0.04%	New

ITI Focused Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

KRN Heat Exchanger And Refrigeration Limited	Reduced	−7.3%	4.76%
ICICI Bank Limited	Added	+4.5%	5.03%
Wockhardt Limited	Added	+8.7%	4.66%
Multi Commodity Exchange of India Limited	Added	+5.8%	4.34%
Solar Industries India Limited	Reduced	−6.7%	4.00%
MTAR Technologies Limited	Added	+14.0%	3.53%
Fortis Healthcare Limited	Reduced	−13.4%	2.67%
AIA Engineering Limited	Added	+11.5%	3.49%
Sun Pharmaceutical Industries Limited	Added	+2.9%	3.29%
Dixon Technologies (India) Limited	Added	+10.8%	2.88%
Bharti Airtel Limited	Added	+2.1%	2.86%
Anant Raj Limited	Reduced	−5.9%	2.69%
NLC India Limited	Added	+8.0%	2.76%
Cummins India Limited	Added	+36.2%	2.33%
Kotak Mahindra Bank Limited	Added	+7.5%	2.32%
Tata Consultancy Services Limited	Added	+8.6%	2.19%
Ather Energy Limited	New	New	0.04%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What ITI Focused Fund bought and sold

ITI Focused Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Kotak Large Cap FundLarge Cap · Kotak Mahindra	35.2%	13	Compare
Kotak Focused FundFocused · Kotak Mahindra	34.7%	11	Compare
Union Largecap FundLarge Cap · Union	34.5%	13	Compare
Kotak Flexi Cap FundFlexi Cap · Kotak Mahindra	34.4%	13	Compare
Tata ELSS Tax Saver FundELSS · Tata	34.3%	14	Compare
Canara Robeco Large Cap FundLarge Cap · Canara Robeco	34.0%	14	Compare
PGIM India Large Cap FundLarge Cap · PGIM India	33.9%	14	Compare
Union ELSS Tax Saver Fund FundELSS · Union	33.9%	21	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

ITI Focused Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.90%
Expense ratio (Regular): 2.59%
Category: Focused
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 19-06-2023
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹607.36 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 151777
ISIN (Direct): INF00XX01CS8
Scheme code (Regular): 151778
ISIN (Regular): INF00XX01CV2
NAV history: From 21-06-2023, 3.4 years

Exit load: Exit load of 0.50%, if redeemed within 3 months.

Tax on ITI Focused Fund returns

ITI Focused Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹16.24	30-10-2026
direct	IDCW	₹15.2592	30-10-2026
regular	Growth	₹15.2704	30-10-2026
regular	IDCW	₹14.3017	30-10-2026

About ITI Focused Fund

ITI Focused Fund is a mutual fund from ITI Mutual Fund. Its category is Focused. It was launched on 19-06-2023. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 29 securities.

Fund Manager

Dhimant Shah
Fund manager of ITI Focused Fund, since 19-06-2023
Alok Ranjan
Fund manager of ITI Focused Fund, since 08-05-2026

See all funds of ITI Mutual Fund

AUM change

September 2026: ₹607.36 Cr; −3.38% from August 2026
August 2026: ₹628.60 Cr; +2.68% from July 2026
July 2026: ₹612.21 Cr; +2.59% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare ITI Focused Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

ITI Focused vs Invesco India FocusedFocused
ITI Focused vs ICICI Prudential FocusedFocused
ITI Focused vs HDFC FocusedFocused
ITI Focused vs SBI FocusedFocused
ITI Focused vs Kotak Large Cap35.2% overlap
ITI Focused vs Kotak Focused34.7% overlap
ITI Focused vs Union Largecap34.5% overlap
ITI Focused vs Kotak Flexi Cap34.4% overlap

Compare with any other fund

Frequently Asked Questions for ITI Focused Fund

What is the current NAV of ITI Focused Fund?

The Direct plan NAV is ₹16.24. The Regular plan NAV is ₹15.2704, as on 30-10-2026.

What are the returns of ITI Focused Fund?

The Direct plan returned −0.70% in 1 year, +15.80% a year over 3 years. The Regular plan returned −2.42% in 1 year, +13.72% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of ITI Focused Fund?

The Direct plan charges 0.90% a year. The Regular plan charges 2.59% a year. This is the figure the fund house reported to AMFI, in force from 15-10-2026.

What is the AUM of ITI Focused Fund?

ITI Focused Fund managed ₹607.36 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of ITI Focused Fund?

At the end of September 2026 the largest holdings were ICICIBANK (5.03%), KRN-BE (4.76%), WOCKPHARMA (4.66%), MCX (4.34%), RELIANCE (4.20%). The fund held 29 securities in all.

What did ITI Focused Fund buy and sell in September 2026?

It bought 1 new stock: Ather Energy Limited. It added shares in 12. It reduced 4.

How do I invest in ITI Focused Fund?

Through ITI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of ITI Focused Fund?

Dhimant Shah (since 19-06-2023), Alok Ranjan (since 08-05-2026).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.