Fundalysisby DARKHORSESTOCKS

Fund manager · ITI

Alok Ranjan

Co- Head Equity & Senior Fund Manager at ITI. Runs 8 schemes worth ₹8,831 Cr.

  • Fund house

    ITIThey run their schemes at ITI.

  • AUM they run

    ₹8,831 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    8 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Jul 2025.

  • Experience

    25 years25 years

Profile(ITI's SAI, 20 Aug 2026)

About

Role
Co- Head Equity & Senior Fund Manager
Studied
B.Sc. (Hons.) Physics, MBA (Finance)
Age
55 years
Experience
25 years

Schemes now8

  1. ITI Small Cap Fund₹3,666 Cr
  2. ITI Multi Cap Fund₹1,500 Cr
  3. ITI Mid Cap Fund₹1,453 Cr
  4. ITI Large Mid Cap Fund₹691 Cr
  5. ITI Focused Fund₹607 Cr
  6. ITI ELSS Tax Saver Fund₹445 Cr
  7. and 2 more, all below

AUM they run(Nov 2024 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20268,831−1.7%
Aug 20268,985+3.4%
Jul 20268,693+2.1%
Jun 20268,515+5.5%
May 20268,072+391.4%
Apr 20261,642+5.9%
Mar 20261,551−7.2%
Feb 20261,672−0.5%
Jan 20261,681−6.2%
Dec 20251,792−2.6%
Nov 20251,840−2.3%
Oct 20251,883+5.4%
AUM at month end, Sept 2026
₹8,831 Cr
+369.0% since Oct 2025
Fig. 1.The AUM of the schemes Alok Ranjan ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Nov 2024 – now)

  1. Large Mid Cap Fund
  2. ELSS Tax Saver Fund
  3. Large Cap Fund
  4. Business Cycle Fund
  5. Small Cap Fund
  6. Multi Cap Fund
  7. Mid Cap Fund
  8. Focused Fund
ITI20252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Nov 2024 – now)

ITI

8 now · since Nov 2024
  1. ITI Small Cap Fund
    Fund managerMay 2026—6m₹3,666 CrSmall CapTER 0.84%
  2. ITI ELSS Tax Saver Fund
    Fund manager, equityNov 2024—2y₹445 CrTax Saver (ELSS)TER 0.93%
  3. ITI Business Cycle Fund
    Co-managerMar 2026—8m₹117 CrSectoral / ThematicTER 1.63%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(8 schemes)

Growth · Direct plans

Return as manager
+1.39%
Beat peers
3 of 3
vs peers
+0.31 pt
Longest run
1.9 years
Beat benchmark
Upcoming
Each scheme Alok Ranjan ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
ITI Large Cap Fund
Nov '24–now · 1.9y
−0.76%−1.06%+0.31 pt––
ITI Large Mid Cap Fund
Nov '24–now · 1.9y
+1.39%+1.31%+0.07 pt––
ITI ELSS Tax Saver Fund
Nov '24–now · 1.9y
+1.77%−0.00%+1.77 pt––
ITI Business Cycle Fund
Mar '26–now · 0.6y
+4.35%+5.70%−1.35 pt––
ITI Mid Cap Fund
May '26–now · 0.5y
+1.68%+1.98%−0.30 pt––
ITI Multi Cap Fund
May '26–now · 0.5y
+7.02%+3.65%+3.37 pt––
ITI Focused Fund
May '26–now · 0.5y
+0.16%+3.44%−3.28 pt––
ITI Small Cap Fund
May '26–now · 0.5y
+15.32%+11.44%+3.88 pt––
Fig. 1.Each scheme Alok Ranjan ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(2 now)

  1. Dhimant ShahSmall Cap Fund · Multi Cap Fund · Mid Cap Fund · Focused Fund · ELSS Tax Saver Fund5 schemes
  2. Nilay DalalLarge Mid Cap Fund · Large Cap Fund · Business Cycle Fund3 schemes

Career(Aug 2021 – Dec 2023)

Prior to ITI Alternate Funds Management Ltd he was associated with ITI AMC from

  1. Position not stated
    Sept 2023—Dec 20234m

as Senior Fund Manager. Prior to ITI AMC he was associated with IDBI Asset Management Company Limited as CIO - Equity from

  1. Position not stated
    Aug 2021—Sept 20232y 2m

Source.ITI's Statement of Additional Information, as of 20 Aug 2026.