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 (Managing the fund since its inception)
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


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


Strong expertise in equity research


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

  • 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

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/- and in multiples of Rs. 500/- thereafter
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*
  • Capital appreciation over long term
  • Investment in equity and equity related securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.