Fundalysisby DARKHORSESTOCKS

Fund manager · ITI

Dhimant Shah

Co- Head Equity & Senior Fund Manager at ITI. Runs 8 schemes worth ₹9,955 Cr.

  • Fund house

    ITIThey run their schemes at ITI.

  • AUM they run

    ₹9,955 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 · 1 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Jul 2025.

  • Experience

    29 years29 years

Profile(ITI's SAI, 20 Aug 2026)

About

Role
Co- Head Equity & Senior Fund Manager
Studied
B.Com, Chartered Accountant
Age
57 years
Experience
29 years

Schemes now8

  1. ITI Small Cap Fund₹3,666 Cr
  2. ITI Flexi Cap Fund₹1,588 Cr
  3. ITI Multi Cap Fund₹1,500 Cr
  4. ITI Mid Cap Fund₹1,453 Cr
  5. ITI Focused Fund₹607 Cr
  6. ITI ELSS Tax Saver Fund₹445 Cr
  7. and 2 more, all below

AUM they run(Sept 2022 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20269,955−1.4%
Aug 202610,099+4.5%
Jul 20269,666+2.7%
Jun 20269,416+6.0%
May 20268,881+0.1%
Apr 20268,873+15.2%
Mar 20267,699−9.9%
Feb 20268,545+1.8%
Jan 20268,394−3.8%
Dec 20258,728+0.1%
Nov 20258,722+0.7%
Oct 20258,659+5.8%
AUM at month end, Sept 2026
₹9,955 Cr
+15.0% since Oct 2025
Fig. 1.The AUM of the schemes Dhimant Shah 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(Aug 2022 – now)

  1. Small Cap Fund
  2. Multi Cap Fund
  3. Mid Cap Fund
  4. ELSS Tax Saver Fund
  5. Value Fund
  6. Pharma and Healthcare Fund
  7. Flexi Cap Fund
  8. Focused Fund
  9. Bharat Consumption Fund
ITI2023202420252026
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(Aug 2022 – now)

ITI

8 now · since Aug 2022
  1. ITI Small Cap Fund
    Fund managerAug 2022—4y 3m₹3,666 CrSmall CapTER 0.84%
  2. ITI ELSS Tax Saver Fund
    Fund manager, equityDec 2022—3y 11m₹445 CrTax Saver (ELSS)TER 0.93%

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

Performance(9 schemes)

Growth · Direct plans

Return as manager
+17.82%
Beat peers
8 of 9
vs peers
+3.42 pt
Longest run
4.2 years
Beat benchmark
Upcoming
Each scheme Dhimant Shah ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
ITI Small Cap Fund
Aug '22–now · 4.2y
+25.98%+18.08%+7.90 pt––
ITI Multi Cap Fund
Aug '22–now · 4.2y
+18.82%+14.68%+4.14 pt––
ITI Mid Cap Fund
Oct '22–now · 4.0y
+19.30%+17.05%+2.25 pt––
ITI Pharma and Healthcare Fund
Dec '22–May '26 · 3.4y
+17.82%+14.85%+2.97 pt––
ITI Value Fund
Dec '22–now · 3.9y
+13.28%+13.21%+0.07 pt––
ITI ELSS Tax Saver Fund
Dec '22–now · 3.9y
+15.59%+12.17%+3.42 pt––
ITI Flexi Cap Fund
Feb '23–now · 3.6y
+22.25%+14.64%+7.62 pt––
ITI Focused Fund
Jun '23–now · 3.3y
+16.54%+12.45%+4.08 pt––
ITI Bharat Consumption Fund
Mar '25–now · 1.6y
+9.20%+10.44%−1.24 pt––
Fig. 1.Each scheme Dhimant Shah ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(3 now)

  1. Alok RanjanSmall Cap Fund · Multi Cap Fund · Mid Cap Fund · Focused Fund · ELSS Tax Saver Fund5 schemes
  2. Nilay DalalFlexi Cap Fund · Value Fund2 schemes
  3. Animesh SinghBharat Consumption Fund1 scheme

Career(Jun 2011 – Jul 2022)

Mr. Dhimant Shah has around 29years of experience in Capital Markets. Past Experience

  1. Position not stated
    Jul 2020—Jul 20222y 1m

with Oneup Finance as Head Research and Co-Fund Manager - Equities

  1. Position not stated
    Jun 2011—Oct 20198y 5m

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