ITI Value Fund is a Value and Contra fund run by ITI Mutual Fund. On 30-09-2026, it managed ₹346 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 10.7% a year and its Regular plan returned 8.7% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹17.22
▼ 1.33% · 30-10-2026
NAV (Regular plan)
₹15.50
▼ 1.33% · 30-10-2026
Expense ratio
1.34%Direct3.04%Regular
1.34%
A year
Riskometer
Very High
Set by the fund house
3 year return
10.7%Direct8.7%Regular
10.7%
A year
ITI Value Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹17.22 (down 1.33% that day); Regular Plan Growth ₹15.50 (down 1.33% that day).
This fund (Direct plan)
₹17.2183
ITI Value 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)
−4.96%
−7.71%
−6.93%
−7.38%
+10.66%
+10.32%
--
This fund (Regular)
−5.09%
−8.10%
−7.71%
−8.97%
+8.68%
+8.20%
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Value and Contra average
−2.09%
−5.76%
−3.23%
−5.72%
+11.83%
+11.08%
--
Best in Value and Contra
+1.07%
−2.13%
+5.94%
+10.90%
+19.06%
+14.91%
--
Worst in Value and Contra
−6.48%
−8.85%
−7.78%
−11.71%
+4.90%
+5.05%
--
Rank in Value and Contra
27/30
23/26
22/25
16/25
15/24
15/20
--
Category rows compare the Direct plans of 30 Value and Contra funds. Rank 1 is the highest return.
ITI Value Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
−9.36%
−10.65%
−7.51%
2025
+5.32%
+3.44%
+7.76%
2024
+20.57%
+18.32%
+16.24%
2023
+38.94%
+36.26%
+26.91%
2022
+7.86%
+5.49%
+4.25%
ITI Value 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 585 periods, one for each trading day from 18-06-2024 to 30-10-2026.
0%5%10%15%20%25%30%
ITI Value Fund (Direct)
Nifty 500 TRI
Aug 2021 to Aug 2024Jan 2022 to Jan 2025Jun 2022 to Jun 2025Nov 2022 to Nov 2025Apr 2023 to Apr 2026Aug 2023 to Aug 2026
ITI Value Fund (Direct)Nifty 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
3%
5-10%
8%
32%
10-15%
42%
55%
15-20%
44%
9%
20-25%
6%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
1,074
9.2%
−13.5%
58.3%
22%
8.0%
67%
2 years
827
19.2%
−3.3%
45.2%
6%
16.9%
78%
3 years
585
20.0%
10.2%
27.1%
0%
15.8%
100%
5 years
92
13.4%
9.5%
14.6%
0%
11.9%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
53
11.4%
−26.6%
61.4%
19%
8.7%
72%
2 years
41
14.1%
−6.3%
48.0%
2%
12.2%
68%
3 years
29
16.5%
2.7%
36.6%
0%
14.9%
100%
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 Value Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
ITI Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−7.38%
−7.34%
Standard deviation
16.32%
14.48%
Sharpe ratio
-0.77
-0.87
Sortino ratio
-1.03
-1.16
Maximum drawdown
−15.8%
(31-03-2026)
−14.7%
(30-03-2026)
Beta
1.09
1.00
Alpha
+1.09%
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 Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+10.66%
+10.22%
Standard deviation
17.09%
14.30%
Sharpe ratio
0.27
0.29
Sortino ratio
0.36
0.40
Maximum drawdown
−21.4%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
1.14
1.00
Alpha
−0.14%
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 Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+10.32%
+8.81%
Standard deviation
15.96%
14.36%
Sharpe ratio
0.28
0.21
Sortino ratio
0.37
0.28
Maximum drawdown
−21.4%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
1.05
1.00
Alpha
+1.35%
0.00%
From daily NAVs, 29-10-2021 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 Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+10.66%
+10.65%
Standard deviation
15.63%
14.11%
Sharpe ratio
0.32
0.36
Sortino ratio
0.43
0.48
Maximum drawdown
−22.7%
(20-06-2022)
−18.6%
(28-02-2025)
Beta
1.04
1.00
Alpha
−0.18%
0.00%
From daily NAVs, 17-06-2021 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.
−25%−20%−15%−10%−5%0%
ITI Value Fund (Direct)
Nifty 500 TRI
20222023202420252026
ITI Value Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
ITI Value Fund (Direct)
−22.7%
18-10-2021
20-06-2022
25-05-2023
11 months
−10.6%
Nifty 500 TRI
−18.6%
26-09-2024
28-02-2025
Not yet
--
−8.8%
From the Direct plan's daily NAV since 17-06-2021, 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 Value Fund vs Other Value and Contra Funds
The five Value and Contra funds with the best three year return, and this fund. Direct plans.
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 Value Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Value and Contra median
Cost rank (1 = cheapest)
Direct
0.60%
0.21%
0.01%
0.52%
1.34%
1.18%
19/30
Regular
2.10%
0.21%
0.01%
0.72%
3.04%
2.27%
26/30
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 Value and Contra 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
−8.97%
−7.38%
1.59%
₹91,030
₹92,620
3 years
8.68%
10.66%
1.98% a year
₹1,28,366
₹1,35,510
5 years
8.20%
10.32%
2.12% a year
₹1,48,298
₹1,63,407
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 Value 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
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 17-06-2021 to 30-10-2026: 65 instalments, ₹6,50,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planITI Value Fund (Direct)
₹6,50,000
₹8,36,061
₹1,86,061
9.2%
Regular planITI Value Fund (Regular)
₹6,50,000
₹7,89,107
₹1,39,107
7.1%
Nifty 500 TRI
₹6,50,000
₹8,06,323
₹1,56,323
7.9%
Category averageCategory average, 30 Value and Contra funds
₹6,50,000
₹8,63,557
₹2,13,557
10.4%
₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L₹10.0 L
Direct planITI Value Fund (Direct)
Regular planITI Value Fund (Regular)
Nifty 500 TRI
Category averageCategory average, 30 Value and Contra funds
Amount invested
20222023202420252026
Direct planITI Value Fund (Direct)Regular planITI Value Fund (Regular)Nifty 500 TRICategory averageCategory average, 30 Value and Contra 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 Value Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
95.6%Equity
Asset
Fund
Category
Equity
95.6%
91.8%
Cash and others
4.4%
7.3%
Market cap of stocks
Market cap
Fund
Category
Large Cap
42.3%
51.3%
Mid Cap
10.5%
16.3%
Small Cap
40.6%
22.1%
Not on AMFI's list
2.2%
1.5%
Share of the whole fund. Category: the average of the Value and Contra 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 Value Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks22.1%
Finance12.7%
Healthcare Services6.2%
Chemicals & Petrochemicals5.8%
Pharmaceuticals & Biotechnology5.1%
Auto Components5.0%
Electrical Equipment3.7%
Automobiles3.6%
Financial Technology (Fintech)3.4%
Petroleum Products3.3%
The ten largest of 27 sectors. The other 17 add up to 24.6%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
20.9%
20.5%
22.1%
+1.1%
Finance
11.9%
13.0%
12.7%
+0.8%
Healthcare Services
6.1%
4.7%
6.2%
+0.1%
Chemicals & Petrochemicals
4.1%
5.8%
5.8%
+1.7%
Pharmaceuticals & Biotechnology
6.0%
4.9%
5.1%
−0.9%
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 Value Fund Portfolio Holdings
As on 30-09-2026 · 71 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
HDFC Bank Limited
Banks
4.90%
+25.6%
Reliance Industries Limited
Petroleum Products
3.31%
0.0%
ITC Limited
Diversified FMCG
2.27%
0.0%
Manipal Payment and Identity Solutions Ltd
Financial Technology (Fintech)
2.23%
New
Bharat Heavy Electricals Limited
Electrical Equipment
2.21%
0.0%
Shriram Finance Limited
Finance
2.16%
0.0%
Craftsman Automation Limited
Auto Components
2.15%
0.0%
Axis Bank Limited
Banks
2.13%
0.0%
ICICI Bank Limited
Banks
1.95%
0.0%
Samvardhana Motherson International Limited
Auto Components
1.91%
0.0%
The Federal Bank Limited
Banks
1.84%
0.0%
Bajaj Auto Limited
Automobiles
1.78%
0.0%
Solar Industries India Limited
Chemicals & Petrochemicals
1.78%
0.0%
Ujjivan Small Finance Bank Limited
Banks
1.70%
0.0%
Redington Limited
Commercial Services & Supplies
1.69%
0.0%
Divi's Laboratories Limited
Pharmaceuticals & Biotechnology
1.63%
0.0%
Grasim Industries Limited
Cement & Cement Products
1.55%
0.0%
City Union Bank Limited
Banks
1.52%
0.0%
RBL Bank Limited
Banks
1.52%
0.0%
Wockhardt Limited
Pharmaceuticals & Biotechnology
1.51%
0.0%
Voltamp Transformers Limited
Electrical Equipment
1.49%
0.0%
Equitas Small Finance Bank Limited
Banks
1.48%
0.0%
Eternal Limited
Retailing
1.45%
0.0%
Gujarat Fluorochemicals Limited
Chemicals & Petrochemicals
1.44%
0.0%
VA Tech Wabag Limited
Other Utilities
1.43%
0.0%
Marico Limited
Agricultural Food & other Products
1.41%
0.0%
Balrampur Chini Mills Limited
Agricultural Food & other Products
1.38%
0.0%
Global Health Limited
Healthcare Services
1.36%
New
PNB Housing Finance Limited
Finance
1.34%
New
TVS Motor Company Limited
Automobiles
1.32%
0.0%
Dr. Lal Path Labs Limited
Healthcare Services
1.31%
0.0%
Aarti Industries Limited
Chemicals & Petrochemicals
1.31%
0.0%
Navin Fluorine International Limited
Chemicals & Petrochemicals
1.29%
0.0%
Poonawalla Fincorp Limited
Finance
1.29%
0.0%
Capri Global Capital Limited
Finance
1.28%
0.0%
Bajaj Finance Limited
Finance
1.24%
0.0%
IIFL Finance Limited
Finance
1.22%
0.0%
Apollo Hospitals Enterprise Limited
Healthcare Services
1.20%
0.0%
Manappuram Finance Limited
Finance
1.19%
0.0%
Turtlemint Fintech Solutions Limited
Financial Technology (Fintech)
1.18%
0.0%
State Bank of India
Banks
1.16%
0.0%
The South Indian Bank Limited
Banks
1.16%
0.0%
IndusInd Bank Limited
Banks
1.15%
0.0%
Aster DM Quality Care Limited
Healthcare Services
1.15%
0.0%
Krishna Institute Of Medical Sciences Limited
Healthcare Services
1.13%
0.0%
Kalpataru Projects International Limited
Construction
1.12%
0.0%
Yes Bank Limited
Banks
1.10%
0.0%
Zydus Wellness Limited
Food Products
1.08%
0.0%
Biocon Limited
Pharmaceuticals & Biotechnology
1.08%
0.0%
Hindalco Industries Limited
Non - Ferrous Metals
1.08%
0.0%
Cholamandalam Investment and Finance Company Ltd
Finance
1.08%
0.0%
Engineers India Limited
Construction
1.03%
0.0%
CreditAccess Grameen Limited
Finance
1.02%
0.0%
HDFC Life Insurance Company Limited
Insurance
1.02%
New
ZF Commercial Vehicle Control Systems India Limited
Auto Components
0.99%
0.0%
Tech Mahindra Limited
IT - Software
0.97%
0.0%
Five Star Business Finance Limited
Finance
0.91%
0.0%
Larsen & Toubro Limited
Construction
0.90%
0.0%
Cohance Lifesciences Limited
Pharmaceuticals & Biotechnology
0.90%
0.0%
Vardhman Textiles Limited
Textiles & Apparels
0.89%
0.0%
Inox Green Energy Services Limited
Commercial Services & Supplies
0.82%
New
PTC Industries Limited
Industrial Products
0.82%
−38.8%
Infosys Limited
IT - Software
0.70%
0.0%
Bharti Airtel Limited
Telecom - Services
0.67%
−60.0%
Titagarh Rail Systems Limited
Industrial Manufacturing
0.65%
0.0%
Vedanta Aluminium Metal Limited
Non - Ferrous Metals
0.61%
0.0%
Tata Motors Passenger Vehicles Limited
Automobiles
0.51%
0.0%
Bandhan Bank Limited
Banks
0.50%
New
Tata Consultancy Services Limited
IT - Software
0.44%
0.0%
Vedanta Limited
Diversified Metals
0.38%
0.0%
Midwest Limited
Consumer Durables
0.22%
−67.2%
ITI Value Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Limited
↑Added
+25.6%
4.90%
Manipal Payment and Identity Solutions Ltd
↑New
New
2.23%
Bharti Airtel Limited
↓Reduced
−60.0%
0.67%
Hero MotoCorp Limited
↓Sold out
−100%
was 1.47%
Global Health Limited
↑New
New
1.36%
PNB Housing Finance Limited
↑New
New
1.34%
PTC Industries Limited
↓Reduced
−38.8%
0.82%
L&T Finance Limited
↓Sold out
−100%
was 1.27%
Endurance Technologies Limited
↓Sold out
−100%
was 1.20%
Affle 3i Limited
↓Sold out
−100%
was 1.19%
ABB India Limited
↓Sold out
−100%
was 1.14%
HDFC Life Insurance Company Limited
↑New
New
1.02%
Inox Green Energy Services Limited
↑New
New
0.82%
BOROSIL RENEWABLES LIMITED
↓Sold out
−100%
was 0.81%
Midwest Limited
↓Reduced
−67.2%
0.22%
Bandhan Bank Limited
↑New
New
0.50%
No stocks in this group for September 2026.
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.
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 Value Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.34%
Expense ratio (Regular)
3.04%
Category
Value and Contra
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
14-06-2021
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹345.71 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
148972
ISIN (Direct)
INF00XX01AQ6
Scheme code (Regular)
148973
ISIN (Regular)
INF00XX01AN3
NAV history
From 17-06-2021, 5.4 years
Exit load
Exit load of 0.50%, if redeemed within 3 months.
Tax on ITI Value Fund returns
ITI Value 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
₹17.2183
30-10-2026
direct
IDCW
₹16.3006
30-10-2026
regular
Growth
₹15.4952
30-10-2026
regular
IDCW
₹14.5889
30-10-2026
About ITI Value Fund
ITI Value Fund is a mutual fund from ITI Mutual Fund. Its category is Value and Contra. It was launched on 14-06-2021. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 71 securities.
The Direct plan NAV is ₹17.2183. The Regular plan NAV is ₹15.4952, as on 30-10-2026.
What are the returns of ITI Value Fund?
The Direct plan returned −7.38% in 1 year, +10.66% a year over 3 years, +10.32% a year over 5 years. The Regular plan returned −8.97% in 1 year, +8.68% a year over 3 years, +8.20% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of ITI Value Fund?
The Direct plan charges 1.34% a year. The Regular plan charges 3.04% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of ITI Value Fund?
ITI Value Fund managed ₹345.71 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of ITI Value Fund?
At the end of September 2026 the largest holdings were HDFCBANK (4.90%), RELIANCE (3.31%), ITC (2.27%), Manipal Payment and Identity Solutions Ltd (2.23%), BHEL (2.21%). The fund held 71 securities in all.
What did ITI Value Fund buy and sell in September 2026?
It bought 6 new stocks: Manipal Payment and Identity Solutions Ltd, Global Health Limited, Inox Green Energy Services Limited, Bandhan Bank Limited, PNB Housing Finance Limited. It sold out of 6: Affle 3i Limited, ABB India Limited, Hero MotoCorp Limited, L&T Finance Limited, BOROSIL RENEWABLES LIMITED. It added shares in 1. It reduced 3.
How do I invest in ITI Value 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 Value Fund?
Nilay Dalal (since 08-05-2026), Dhimant Shah (since 01-12-2022).
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.
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