Mutual Funds – All you need to know
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NS Wealth Research
ITI Multi Cap Fund
Details as per 28-Feb-2026
NSW RANK – 4
For March 2026
Category: Multi Cap Equity Scheme
Who should invest?
The ITI Multi-Cap fund is meant for high-risk takers or for investors who are somewhat comfortable with periods of negative returns over a long-term investment horizon. The scheme generally follows a tactical, very stock-specific approach to investing. An investment horizon of 10-15 years is ideal for this fund. Though the fund doesn’t have a good track record of beating the benchmark over a sustained period, a lower expense ratio is a standout feature of the scheme. The fund’s mandated portfolio exposure of 25:25:25 across Large, Mid, and Small Cap makes it ideal for investors who are very agile in their investment decisions.
Available Options:
Growth, IDCW (Income Distribution cum Capital Withdrawal) , IDCW Reinvestment:
Latest Returns:
| 1 Year | 3 Year | 5 Year |
|---|---|---|
| 3% | 21% | 18% |
Portfolio Details
| Top Sector Holdings | Details |
|---|---|
| Financials | 25.72% |
| Industrials | 20.09% |
| Consumer Discretionary | 12.99% |
| Materials | 12.74% |
| Healthcare | 7.62% |
| Energy & Utilities | 6.02% |
| Portfolio Concentration | Details |
|---|---|
| No. of Stocks | 77 |
| Top 10 Stocks | 26.89% |
| Top 5 Stocks | 17.15% |
| Top 3 Sectors | 58% |
| Portfolio P/B Ratio | 4.13 |
| Portfolio P/E Ratio | 27.53 |
| Top Stock Holdings | Details |
|---|---|
| HDFC Bank | 4.13% |
| Hitachi Energy | 3.83% |
| ICICI Bank | 3.55% |
| Reliance Industries | 3.26% |
| TD Power Systems | 2.20% |
| MCX | 2.16% |
Frequently Asked Questions -FAQs
Is it good to invest in the ITI Multicap Fund?
The ITI MultiCap fund is good or bad depending on the investor’s risk-taking capacity and risk profile. Best suited for financial goals with terms ranging from 10 to 15 years, and investors who don’t want to engage in portfolio rebalancing actively. The fund’s mandatory 1:1:1 portfolio exposure makes it easy for investors seeking stability, with an additional boost from high-momentum stocks in the mid- and small-cap space.
Can one invest in the ITI Multicap Cap Fund through a Direct plan?
Yes, one can invest in the ITI Multicap Cap Fund through a Direct plan. The scheme offers both the Direct and Regular Plan. As a Certified Investment Advisor, NS Wealth offers only fee-based mutual fund advisory services, so we consider only direct plans for advisory purposes.
What are the key risks associated with investing in the ITI Multi Cap Fund?
Like any other equity scheme, investing in the ITI Multi Cap Fund has a few risks that are common to any other equity scheme. These are the common, inherent risks associated with investing in the Indian equity market, such as market volatility stemming from macroeconomic trends, geopolitical issues, or government policy changes. On the other hand, a specific risk associated with the ITI Multi Cap Fund stems from the structure of the scheme’s portfolio. As the scheme is required to maintain a 50% allocation to mid- and small-cap stocks, the downside risk during market downturns would be much higher than that of a large-cap fund but lower than that of a mid-cap or small-cap fund. The best part of the fund is that it offers much greater diversification across market caps and sectors, which may reduce investment risk.
Who is the fund manager of the ITI Multi Cap Scheme?
The current fund manager of the ITI Multi Cap Scheme is Mr. Dhimant Shah, who has been with ITI since 2022and has 26 years of Capital Market experience. Mr. Rohan Korde, the co-manager of the fund, works with Dhimant and has 20 years of experience in fund management.
How does ITI Multi Cap Fund’s expense ratio compare to its peers?
As per NS Wealth’s research, the expense ratio of the ITI Multicap Fund is 0.33% and 1.95% for direct and regular plans, respectively. It offers the most economical entry in this category when we compare the fund’s expense ratio with other schemes in the category.
Disclaimer
The Information in the ranking model and scheme information details is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
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