Fund manager · ITI

Nilay Dalal

Equity Fund Manager at ITI. Runs 9 schemes worth ₹4,186 Cr.

Fund house
ITIThey run their schemes at ITI.
AUM they run
₹4,186 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
9 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Jul 2025.
Experience
14 years14 years

Profile^{(ITI's SAI, 20 Aug 2026)}

About

Role: Equity Fund Manager
Studied: MBA (Finance)
Age: 40 years
Experience: 14 years

Schemes now9

ITI Flexi Cap Fund₹1,588 Cr
ITI Large Mid Cap Fund₹691 Cr
ITI Banking and Financial Services Fund₹362 Cr
ITI Large Cap Fund₹352 Cr
ITI Value Fund₹346 Cr
ITI Balanced Advantage Fund₹320 Cr
and 3 more, all below

AUM they run^{(May 2023 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	4,186	+0.3%
Aug 2026	4,174	+3.0%
Jul 2026	4,052	+1.6%
Jun 2026	3,988	+4.5%
May 2026	3,815	+719.7%
Apr 2026	465	+12.4%
Mar 2026	414	+10.3%
Feb 2026	375	+3.7%
Jan 2026	362	+1.7%
Dec 2025	356	+2.3%
Nov 2025	348	+4.4%
Oct 2025	333	+7.1%

AUM at month end, Sept 2026

₹4,186

+1156.3% since Oct 2025

Fig. 1.The AUM of the schemes Nilay Dalal 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^{(May 2023 – now)}

ITI202420252026

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^{(May 2023 – now)}

ITI

9 now · since May 2023

ITI Flexi Cap Fund
Fund managerMay 2026—6m₹1,588 CrFlexi CapTER 0.88%
ITI Multi Asset Allocation Fund
Co-managerSept 2026—2m₹144 CrMulti Asset AllocationTER 1.93%

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

Performance^{(9 schemes)}

Growth · Direct plans

Return as manager: +12.23%
Beat peers: 0 of 1
vs peers: −2.76 pt
Longest run: 3.5 years
Beat benchmark: Upcoming

Each scheme Nilay Dalal ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

ITI Banking and Financial Services Fund	May '23–now · 3.5y	+12.23%	+14.99%	−2.76 pt	–	–
ITI Business Cycle Fund	Mar '26–now · 0.6y	+4.35%	+5.70%	−1.35 pt	–	–
ITI Large Cap Fund	May '26–now · 0.5y	−0.78%	−3.27%	+2.49 pt	–	–
ITI Value Fund	May '26–now · 0.5y	−3.44%	−1.71%	−1.73 pt	–	–
ITI Pharma and Healthcare Fund	May '26–now · 0.5y	+9.33%	+0.55%	+8.78 pt	–	–
ITI Balanced Advantage Fund	May '26–now · 0.5y	+1.03%	+0.01%	+1.02 pt	–	–
ITI Large Mid Cap Fund	May '26–now · 0.5y	+3.11%	+0.38%	+2.73 pt	–	–
ITI Flexi Cap Fund	May '26–now · 0.5y	+8.54%	+2.57%	+5.97 pt	–	–
ITI Multi Asset Allocation Fund	Sep '26–now · 0.1y	−1.58%	−3.07%	+1.49 pt	–	–

Fig. 1.Each scheme Nilay Dalal ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(4 now)}

Alok RanjanLarge Mid Cap Fund · Large Cap Fund · Business Cycle Fund3 schemes
Animesh SinghBanking and Financial Services Fund · Balanced Advantage Fund · Pharma and Healthcare Fund3 schemes
Dhimant ShahFlexi Cap Fund · Value Fund2 schemes
Laukik BagweBalanced Advantage Fund · Multi Asset Allocation Fund2 schemes

Career^{(May 2011 – Apr 2023)}

Mr. Nilay Dalal has joined ITI AMC in April 2023 and has over 12 years of work experience in Financial market. Past Experience

Position not stated
Dec 2019—Apr 20233y 5m

with Axis Asset Management Company as Equity Research Analyst

Position not stated
May 2011—Dec 20198y 8m

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