Fundalysisby DARKHORSESTOCKS

Scheme

ITI ELSS Tax Saver Fund

Holds 71 companies worth ₹440 Cr in Sept 2026.

  • Fund house

    ITIThe fund house that runs this scheme.

  • AUM

    ₹445 CrITI ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.9% on Aug 2026, ₹463 Cr.

  • Largest holding

    TVS Motor Co LtdTVS Motor Co Ltd is 2.9% of this scheme's NAV.

  • Fund manager

    Dhimant ShahRuns it since 1 Dec 2022, as the fund house dates it. With Alok Ranjan (fund manager).

Overview(7 Oct 2026)

Fund managers2

  1. Dhimant ShahFund manager, equity · Dec 2022 · 29y · CA B.Com
  2. Alok RanjanFund manager, equity · Nov 2024 · 25y · MBA

    Key facts

    Benchmark
    Nifty 500 TRI
    Risk
    Very High
    Expense
    Regular 2.6% · Direct 0.93%
    Exit load
    Nil
    Started
    18 Oct 2019
    Minimum
    ₹500

    Source.Its Scheme Summary Document as of 7 Oct 2026 at AMFI.

    What changed(8 changes)

    Aug 2026

    1 change
    1. Expense ratio
      30 AugRegular 2.55% → 2.57%Direct 0.88% → 0.9%

    Jul 2026

    1 change
    1. Expense ratio
      30 JulRegular 2.6% → 2.55%Direct 0.93% → 0.88%

    Jun 2026

    1 change
    1. Expense ratio
      29 JunRegular 2.4% → 2.6%Direct 0.73% → 0.93%

    Source.Its filings at NSE, since Jul 2025.

    Fund managers over time(Dec 2022 – now)

    1. Dhimant Shah
    2. Alok Ranjan
    MainCoSlice2023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Jul 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    9 changesRegularDirectΔ pt
    30 Aug 20262.57%0.90%0.02
    30 Jul 20262.55%0.88%0.05
    29 Jun 20262.60%0.93%0.20
    30 May 20262.40%0.73%1.14
    29 Apr 20263.56%1.87%1.09
    30 Mar 20262.47%0.78%0.22
    30 Jan 20262.31%0.56%0.01
    30 Dec 20252.32%0.57%0.26
    31 Jul 20252.28%0.31%–
    Direct plan, 30 Aug 2026
    0.90%
    Regular plan 2.57% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(7 Oct 2026)

    Objective

    The investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance
    Benchmark
    Nifty 500 TRI

    Asset allocation it may hold% of NAV

    1. Equity and Units issued by REITs, Equity related securities
      Allowed80–100%
    2. Short Term Debt and Money Market Instruments
      Allowed0–20%Holds1.0%

    Holds in Sept 2026.99.0% equity · 1.0% debt and cash

    How to invest(7 Oct 2026)

    Buying

    To start
    ₹500, then in multiples of ₹500
    To add
    ₹500, then in multiples of ₹500
    Systematic
    SIP-Daily/Weekly/Monthly, STP- Daily/Weekly/Monthly/Quarterly, SWP- Monthly/ Quarterly
    Dates
    SIP-Daily (Every Business Day), Weekly (Any Day from Monday to Friday),Monthly (Every Business Day), STP- Daily (Every Business Day), Weekly (Any Day from Monday to Friday),Quarterly (1st or 7th or 14th or 21st or 28th of last month of every quarter), Monthly (1,7,14,21 or 28th of the month), SWP-Monthly and Quarterly (1,7,14,21 or 28th of every month/month of every quarter)
    Minimum
    SIP-Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/- or Rs. 1000/-, STP- Rs. 500/-, SWP- Rs. 500/-, then sIP-500, STP-500, SWP-500
    Instalments
    SIP-Daily- 30 ; Weekly/Monthly -12 or 6, STP-Daily-30; Weekly /Monthly/Quarterly -2, SWP- Monthly/Quarterly-2
    Most
    Nil

    Selling and switching

    To redeem
    Rs. 500/- and in multiples of Rs. 500/- thereafter or the account balance,whichever is lower.
    Switch minimum
    ₹500
    Switch multiples
    ₹500

    Scheme details(7 Oct 2026)

    What it is

    Category
    ELSS
    Offer
    15 Jul 2019 to 14 Oct 2019
    Started
    18 Oct 2019
    Reopened
    25 Oct 2019
    Plans
    Regular Plan- Growth Option · Regular Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of IDCW option) · Regular Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Reinvestment of IDCW option) · Direct Plan- Growth Option · Direct Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of IDCW option) · Direct Plan- Income Distribution cum Capital Withdrawal (IDCW) Option (with Reinvestment of IDCW option)
    Face value
    Rs.10/- each
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank A.G.
    Auditor
    S. R. Batliboi & Co. LLP
    Registrar
    KFin Technologies Limited
    SEBI code
    ITIM/O/E/ELS/19/02/0002