Fundalysisby DARKHORSESTOCKS

Fund manager · ITI

Laukik Bagwe

Fund Manager & Head – Fixed Income at ITI. Runs 8 schemes worth ₹818 Cr.

  • Fund house

    ITIBefore: DSP until Jan 2025.

  • AUM they run

    ₹818 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 · 14 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    26 years26 years

Profile(ITI's SAI, 20 Aug 2026)

About

Role
Fund Manager & Head – Fixed Income
Studied
SMP, Leadership and General Management Program, management Information System PGDBA, Finance & Marketing- ICFAI Business School B.com, International Business/Trade/ Commerce- Mumbai University
Age
49 years
Experience
26 years

Schemes now8

  1. ITI Balanced Advantage Fund₹320 Cr
  2. ITI Ultra Short Term Fund₹167 Cr
  3. ITI Multi Asset Allocation Fund₹144 Cr
  4. ITI Arbitrage Fund₹64.8 Cr
  5. ITI Liquid Fund₹52.1 Cr
  6. ITI Banking PSU Debt Fund₹33.9 Cr
  7. and 2 more, all below

AUM they run(Feb 2019 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 2026818+16.5%
Aug 2026702−1.3%
Jul 2026712−0.1%
Jun 2026712−0.7%
May 2026717−0.1%
Apr 2026718−9.1%
Mar 2026790+3.3%
Feb 2026765−3.5%
Jan 2026793−5.3%
Dec 2025837−3.6%
Nov 2025868+0.7%
Oct 2025862+5.9%
AUM at month end, Sept 2026
₹818 Cr
−5.1% since Oct 2025
Fig. 1.The AUM of the schemes Laukik Bagwe 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(Jul 2016 – now)

  1. Short Term Fund
  2. Credit Risk Fund
  3. Dynamic Asset Allocation Fund
  4. 10 year Constant Maturity Gilt Fund Ex DSP 10Y G Sec Fund
  5. FMP Series 264 60M 17D
  6. Nifty SDL Plus G Sec Jun 2028 30 70 Index Fund
  7. FMP Series 267 1172 Days
  8. FMP Series 268 1281 Days
  9. CRISIL IBX 50 50 Gilt Plus SDL April 2033 Index Fund
  10. Nifty SDL Plus G Sec Sep 2027 50 50 Index Fund
  11. FMP Series 270 1172 Days
  12. Corporate Bond Fund
ITIDSP20172019202120232025
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(Jul 2016 – now)

ITI

8 now · since Feb 2025
  1. ITI Balanced Advantage Fund
    Fund manager, debtFeb 2025—1y 9m₹320 CrBalanced AdvantageTER 1.59%
  2. ITI Multi Asset Allocation Fund
    Co-managerSept 2026—2m₹144 CrMulti Asset AllocationTER 1.93%

DSP

since Jul 2016
  1. DSP Nifty SDL Plus G Sec Jun 2028 30 70 Index Fund
    Fund managerMar 2022—Jan 20252y 11mIndex Funds
  2. DSP Credit Risk Fund
    Co-managerJul 2016—Jan 20258y 7mCredit Risk
  3. DSP Dynamic Asset Allocation Fund
    Fund manager, debtJul 2021—Jan 20253y 7mBalanced Advantage

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

Performance(22 schemes)

Growth · Direct plans

Return as manager
+6.80%
Beat peers
1 of 19
vs peers
−0.32 pt
Longest run
8.5 years
Beat benchmark
Upcoming
Each scheme Laukik Bagwe ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
DSP Short Term Fund
Jul '16–Jan '25 · 8.5y
+7.15%+7.47%−0.32 pt––
DSP Credit Risk Fund
Jul '16–Jan '25 · 8.5y
+7.07%+7.59%−0.52 pt––
DSP Dynamic Asset Allocation Fund
Jul '21–Jan '25 · 3.5y
+10.61%+12.98%−2.37 pt––
DSP 10 year Constant Maturity Gilt Fund Ex DSP 10Y G Sec Fund
Aug '21–Jan '25 · 3.4y
+5.19%+6.07%−0.89 pt––
DSP FMP Series 264 60M 17D
Sep '21–Jan '25 · 3.3y
+5.71%+5.87%−0.17 pt––
DSP Nifty SDL Plus G Sec Jun 2028 30 70 Index Fund
Mar '22–Jan '25 · 2.8y
+6.50%+14.88%−8.38 pt––
DSP FMP Series 267 1172 Days
Nov '22–Jan '25 · 2.1y
+7.46%+7.71%−0.25 pt––
DSP FMP Series 268 1281 Days
Nov '22–Jan '25 · 2.1y
+7.61%+7.69%−0.08 pt––
DSP CRISIL IBX 50 50 Gilt Plus SDL April 2033 Index Fund
Jan '23–Jan '25 · 1.9y
+9.07%+17.78%−8.71 pt––
DSP Nifty SDL Plus G Sec Sep 2027 50 50 Index Fund
Feb '23–Jan '25 · 1.9y
+7.97%+16.83%−8.85 pt––
DSP FMP Series 270 1172 Days
Feb '23–Jan '25 · 1.8y
+7.96%+8.13%−0.17 pt––
DSP Corporate Bond Fund
Jul '23–Jan '25 · 1.5y
+7.40%+7.80%−0.41 pt––
DSP Ultra Short Term Fund Ex DSP Ultra Short Fund
Aug '24–Jan '25 · 0.4y
+3.08%+3.08%+0.00 pt––
DSP Liquid Fund Ex DSP Liquidity Fund
Aug '24–Jan '25 · 0.4y
+3.00%+2.97%+0.03 pt––
ITI Arbitrage Fund
Feb '25–now · 1.7y
+6.80%+6.80%+0.00 pt––
ITI Banking PSU Debt Fund
Feb '25–now · 1.7y
+6.08%+6.12%−0.04 pt––
ITI Overnight Fund
Feb '25–now · 1.7y
+5.24%+5.48%−0.24 pt––
ITI Liquid Fund
Feb '25–now · 1.7y
+6.37%+6.59%−0.22 pt––
ITI Balanced Advantage Fund
Feb '25–now · 1.7y
+2.73%+3.67%−0.94 pt––
ITI Ultra Short Term Fund
Feb '25–now · 1.7y
+6.79%+7.01%−0.22 pt––
ITI Dynamic Term Fund
Feb '25–now · 1.7y
+3.10%+5.28%−2.18 pt––
ITI Multi Asset Allocation Fund
Sep '26–now · 0.1y
−1.58%−3.07%+1.49 pt––
Fig. 1.Each scheme Laukik Bagwe ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(3 now)

  1. Animesh SinghBalanced Advantage Fund · Arbitrage Fund2 schemes
  2. Nilay DalalBalanced Advantage Fund · Multi Asset Allocation Fund2 schemes
  3. Vikas NathaniArbitrage Fund1 scheme