Expense ratio, exit load and tax
Expense ratio: 0.57%
Inclusive of GST
Exit load
Exit load of 1% if redeemed within 3 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Shah is a B.Com (H) and Chartered Accountant.
Experience
Prior to joining ITI Mutual Fund, he has worked with Principal Mutual Fund, HSBC AMC, Reliance Mutual Fund, ASK Raymond James Securities Pvt. Ltd. and IL&FS AMC. Senior Analyst from April 1997 to August 2003.
Managed Schemes
Principal Dividend Yield Fund Direct-Growth
Principal Emerging Bluechip Fund Direct Growth
ITI Multi Cap Fund Direct Growth
ITI ELSS Tax Saver Fund Direct Growth
ITI Balanced Advantage Fund Direct Growth
ITI Small Cap Fund Direct Growth
ITI Large Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
ITI Pharma and Healthcare Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth
ITI Conservative Hybrid Fund Direct Growth
ITI Flexi Cap Fund Direct Growth
Education
Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience
Prior to joining ITI Mutual Fund, he has worked with BOB Capital Markets as Vice President
Managed Schemes
ITI Multi Cap Fund Direct Growth
ITI ELSS Tax Saver Fund Direct Growth
ITI Arbitrage Fund Direct Growth
ITI Balanced Advantage Fund Direct Growth
ITI Small Cap Fund Direct Growth
ITI Large Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
ITI Pharma and Healthcare Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth
ITI Conservative Hybrid Fund Direct Growth
ITI Flexi Cap Fund Direct Growth
ITI Focused Equity Fund Direct Growth
Education
Mr. Bhatia has done B.Com, ACMA and CFA
Experience
Prior to joining ITI Mutual Fund, he was associated with The Investment Trust Of India Ltd, Simto Investment Company Ltd, ProAlpha Systematic Capital, Heritage India Advisors Ltd and Reliance Capital Asset Management Ltd
Managed Schemes
ITI Multi Cap Fund Direct Growth
ITI Arbitrage Fund Direct Growth
ITI Overnight Fund Direct Growth
ITI Balanced Advantage Fund Direct Growth
ITI Small Cap Fund Direct Growth
ITI Large Cap Fund Direct Growth
ITI Banking and PSU Debt Fund Direct Growth
ITI Mid Cap Fund Direct Growth
ITI Ultra Short Duration Fund Direct Growth
ITI Dynamic Bond Fund Direct Growth
ITI Pharma and Healthcare Fund Direct Growth
ITI Banking and Financial Services Fund Direct Growth
ITI Flexi Cap Fund Direct Growth