Investment Objective and Approach

The ITI ELSS Tax Saver Fund aims at long-term wealth accumulation with tax saving benefits, enabling investors to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961. The fund maintains a predominantly equity-focused approach with 98.94% invested in equity and 1.06% in cash & cash equivalents as of February 28, 2025.

The fund follows a growth-oriented investment strategy targeting long-term capital appreciation by investing primarily in equity securities across market capitalizations. The scheme comes with a statutory lock-in period of 3 years, which is the lowest compared to other 80C investment options.

The investment approach focuses on:

- Diversified equity investments across sectors and market caps

- Long-term wealth creation through capital appreciation

- Tax-efficient investing with benefits under Section 80C

- Professional fund management with active portfolio strategies

Fund Managers

Pradeep Gokhale is the current Fund Manager of ITI ELSS Tax Saver Fund Direct Growth. Pradeep Gokhale is a Chartered Financial Analyst and Chartered Accountant who worked at Tata Asset Management Ltd, CARE Ratings Ltd, Bombay Dyeing, Tata International and Lubrizol India Ltd before joining ITI Mutual Fund.

The fund benefits from ITI AMC's experienced investment team that includes:

- Fund managers with overall 20 years of experience in Equity Research and extensive experience in Fund Management, Treasury Management and Management Consulting

- A highly experienced team of researchers and investment managers backed by some of the best equity and credit researchers, running unique investment philosophy and strategies positioned to generate long-term returns

About the Fund House (AMC)

ITI Mutual Fund is part of ITI Asset Management Limited, a subsidiary of The Investment Trust of India Limited, established to offer a range of mutual fund schemes with a focus on long-term wealth creation. Established in 2018, ITI Mutual Fund offers investor-centric investment solutions curated and managed by a highly experienced team of researchers and managers.

Key highlights about ITI AMC:

- ITI Asset Management Limited manages 174 schemes with an Asset under Management of ₹10,241.50 crores

- The Mutual Fund has around 29 branches in India with more than 196 employees

- ITI AMC is part of the ITI Group of Companies, an emerging conglomerate offering various financial services including equity research, equity broking, investment banking, asset-based lending, and alternative investment funds

- They have some of the finest minds in equity research, investment management, and credit research fields onboard, helping them run unique investment philosophy and adopt robust investment strategies

The AMC focuses on:

- Thoughtful and investor-centric investment solutions with unique investment philosophy

- Transparent, expert-driven, and client-focused approach aimed at long-term wealth generation

- Being a latest entrant that offers products aligned with evolving economic landscape

Should I Invest in ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund can be suitable for investors seeking tax-efficient long-term wealth creation. Here are key considerations:

Positives:

- Tax Benefits: Eligible for tax deduction up to Rs 1.5 lakh under Section 80C

- Competitive Performance: The fund has delivered 8.37% returns in the last 1 year, 78.00% in last 3 years, and 15.51% returns since inception

- Low Lock-in Period: 3-year lock-in period, lowest among 80C investment options

- Accessible Investment: Minimum SIP amount of ₹500 making it accessible to small investors

- Experienced Management: Professional fund management by qualified CFA and CA

Risk Considerations:

- The fund carries a "Very High" risk rating on the riskometer

- Not suitable for investors needing to redeem investments in less than five years

- Subject to equity market volatility and systematic risks

Who Should Consider:

- Long-term investors with minimum 5-7 year investment horizon

- Individuals seeking Section 80C tax benefits

- Investors comfortable with equity market risks

- Those looking for potential inflation-beating returns

FAQs

What is today's NAV of ITI ELSS Tax Saver Fund?

The latest NAV of ITI ELSS Tax Saver Fund Direct Growth is ₹24.44 as of March 25, 2025. NAV is updated daily and reflects the fund's per-unit value.

What is the AUM of ITI ELSS Tax Saver Fund?

The AUM of ITI ELSS Tax Saver Fund is ₹343 Cr as of February 28, 2025. AUM indicates the total assets managed by the fund.

What is the expense ratio of ITI ELSS Tax Saver Fund?

The expense ratio of ITI ELSS Tax Saver Fund Regular Plan is 2.32. This is the annual fee charged for fund management and operations.

What are the returns of ITI ELSS Tax Saver Fund since inception?

ITI ELSS Tax Saver Fund has delivered 15.51% returns since inception. The fund is 5 years 5 months old as of the latest data.

What is the minimum SIP amount to invest in ITI ELSS Tax Saver Fund?

The minimum SIP amount to invest in this scheme is ₹500. This makes it accessible for small investors to start systematic investing.

How do I invest in ITI ELSS Tax Saver Fund?

You can invest in ITI ELSS Tax Saver Fund through Allvest platform after completing KYC formalities. Choose between SIP or lumpsum investment options based on your preference.

How to start a SIP in ITI ELSS Tax Saver Fund?

To start a SIP through Allvest, log into your account, select the fund, choose SIP option, set your monthly amount (minimum ₹500), and select investment date for automated monthly deductions.

How do I automate an SIP in ITI ELSS Tax Saver Fund?

Once you set up SIP through Allvest, enable auto-debit facility with your bank. This ensures automatic monthly deduction from your account on the chosen date without manual intervention.

How can I withdraw/redeem my investment in ITI ELSS Tax Saver Fund?

ELSS funds have a 3-year mandatory lock-in period from each investment date. You can redeem your units through Allvest platform only after completion of the lock-in period.