Investment Objective and Approach

The ITI Mid Cap Fund seeks to generate long-term capital appreciation by predominantly investing in equity and equity related securities of mid-cap stocks. The fund is mandated to invest at least 65 per cent of its assets in mid-cap stocks at all times.

The fund is benchmarked against the Nifty Midcap 150 TRI with Nifty 50 TRI serving as an additional benchmark. The investment approach focuses on creating a diversified portfolio predominantly consisting of equity and equity related instruments of mid-cap companies.

Key Investment Details:

- Minimum SIP Investment: ₹500

- Minimum Lumpsum Investment: ₹5,000

- Exit Load: 0.50% if redeemed within 3 months

- Expense Ratio: 2.07% (Regular Plan)

- Fund Launch Date: 05 March 2021

Fund Managers

The fund is managed by Mr. Rohan Korde (Managing since 29 April 2022) and Mr. Dhimant Shah (Managing since 01 October 2022).

Mr. Rohan Korde:

Mr. Korde has been a fund manager at ITI AMC since May 2021. Prior to joining ITI Mutual Fund, he was associated with BOB Capital Markets, Prabhudas Lilladher, and Anand Rathi Share & Stock Brokers. He holds a Masters in Management Studies (Finance) and a Bachelor of Commerce.

Mr. Dhimant Shah:

Mr. Shah, with over 26 years in capital markets, joined ITI Asset Management Limited in August 2022. Previously, he served as Head Research and Co-Fund Manager-Equities at One up Finance (2020-2022) and as Senior Fund Manager at Principal AMC (2011-2019).

About the Fund House (ITI AMC)

ITI Mutual Fund was established in 2018 to offer the best investment solutions to investors for wealth generation over the long-term. It boasts of thoughtful and investor-centric investment solutions backed by a highly experienced team of researchers and investment managers.

The promoter of the AMC is the Investment Trust of India Ltd. The Mutual Fund has around 29 branches in India with more than 196 employees. As of the latest data, the AMC handles ₹6,396.15 crores worth of assets.

With a team of one of the best equity and credit researchers, as well as investment managers, ITI AMC runs a unique investment philosophy and strategies that are well-positioned to generate returns in the long-run. The company is led by its CEO Jatinder Pal Singh.

Fund Performance:

- The fund has delivered 17.06% returns since inception

- Latest AUM: ₹1,249 Crores as of 1 August 2025

- Latest NAV: ₹21.05 as of 25 August 2025

Should I Invest in ITI Mid Cap Fund?

The ITI Mid Cap Fund is suitable for investors with specific characteristics and investment goals:

Ideal For:

- Investors seeking long-term capital appreciation with a minimum 7-year investment horizon

- Those comfortable with higher volatility associated with mid-cap investments

- Investors looking for diversified exposure to mid-cap companies with growth potential

Investment Considerations:

Compared to funds that invest in larger companies, mid-cap funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way. Like for all equity funds, you must invest only through the SIP route.

Warning: Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.

Tax Implications:

- If you redeem within one year, returns are taxed at 20%

- If you redeem after one year, returns exceeding ₹1.25 lakh in a financial year are taxed at 12.5%

FAQs

What is today's NAV of ITI Mid Cap Fund?

The current NAV varies daily. You can check the latest NAV on Allvest's platform or the fund's official website for real-time updates.

What is the AUM of ITI Mid Cap Fund?

As of 1 August 2025, the fund has an AUM of ₹1,249 crores.

What is the expense ratio of ITI Mid Cap Fund?

The expense ratio for the Regular Plan is 2.07%. Direct plans typically have lower expense ratios.

What are the returns of ITI Mid Cap Fund since inception?

The fund has delivered 17.06% returns since its inception in March 2021.

What is the minimum SIP amount to invest in ITI Mid Cap Fund?

The minimum SIP investment amount is ₹500.

How do I invest in ITI Mid Cap Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing SIP or lump sum investment, and making payment through available digital modes.

How to start a SIP in ITI Mid Cap Fund?

Register with Allvest, complete your KYC verification, select ITI Mid Cap Fund, choose the SIP option, set your monthly amount and date, then authorize the payment method.

How do I automate an SIP in ITI Mid Cap Fund?

Set up auto-debit facility through your bank or UPI for seamless monthly deductions. You can configure this during SIP registration on the Allvest platform.

How can I withdraw/redeem my investment in ITI Mid Cap Fund?

Log into your Allvest account, navigate to your portfolio, select the fund units you wish to redeem, and submit the redemption request. Note the exit load of 0.50% if redeemed within 3 months.