Now you can save up to Rs. 46,800 on tax and grow wealth with this Equity-Linked Savings Scheme (ELSS) 

ITI Long Term Equity Fund

(An open ended equity linked saving scheme with a statutory lock-in of 3 years and tax benefit.)
Investment Objective: 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. 
Fund Manager: Mr. George Heber Joseph and Mr. Pradeep Gokhale
Benchmark: :Nifty 500 Total Return Index

Key Features

Tax benefits

Tax benefits up to Rs. 46,800 under Section 80C*

Wealth Potential

Long term wealth creation potential

Diversification

Investors get an opportunity to invest in equities across market caps and sectors

Low Lock-in

Lowest lock in period of 3 years among all 80C investments

Expertise

Strong expertise in equity research

Discipline

Tax saving through SIP builds discipline

To save tax up to Rs. 46,800: Individual and HUF having taxable income of less than Rs. 50 lakhs can invest upto Rs. 1.5 lakhs under the ELSS scheme during the FY 2019-20 as per provision of Section 80C of the Income Tax Act 1961 (Includes applicable cess).

Investment Strategy

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  • Our focus is on investing in sound businesses which we understand well
  • Stock selection follows a predominantly bottom-up approach
  • We have divided our stock universe into core and tactical stocks. Core companies are those that have strong and sustainable competitive advantage in their respective businesses
  • Research is primarily focused to understand the core set of good quality companies rather than focusing on a large number of mediocre companies
  • We will also invest in good companies going through temporary problems with a possible upside catalyst

Portfolio Strategy

  • The fund seeks to generate alpha by actively managing exposures relative to benchmark
    • Stock exposures
    • Sector weightages
  • Dynamic allocation to different market cap segments
  • The fund will generally be minimum 90% invested
  • Number of stocks envisaged in the fund is between 40-70
  • The fund will be benchmark and sector agnostic
  • Differentiated strategy helps manage risk during bullish and bearish market scenarios and suitably aligns the portfolio
  • The fund seeks to invest across market cap segments
  • Portfolio construction and allocation to large, mid and small cap segments will be actively managed based on:
    • Assessment of valuation differential
    • Expected earnings growth
    • Business cycles
  • Allocation towards market cap segments will be based on relative attractiveness of the segments and can vary between 0% and 100%
Asset Allocation
Instruments Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum Low/Medium/High

Equity & Equity Related Securities

100% 80% High
Short Term Debt & Money Market Instruments 20% 0% Low to Medium
Plans - Regular & Direct

Options: Growth, Dividend Payout, Dividend Reinvestment

Minimum application amount: Additional application amount: 500/- and in multiples of 500/- thereafter
500/- and in multiples of 500/- thereafter
Systematic Investment Plan (SIP):

Minimum amount:
Available. For more information refer to section on
‘Ongoing Offer Details’ in the SID.
Rs. 500/- per installment
Minimum redemption amount:


500/- and in multiples of `500/- or account balance whichever is lower. There will be no minimum redemption criterion for Unit based redemption.
Redemption of Units can be made only after a period of three years (lock-in period) from the date of allotment of Units proposed to be redeemed as prescribed in the ELSS Guidelines
Load Structure


Entry Load: NA
Exit Load: Nil
This product is suitable for investors who are seeking*
  • Long-term capital growth
  • Investment in equity and equity-related securities of companies across various market capitalization
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Mutual Fund investments are subject to market risks, please read all scheme related documents carefully.