ITI Focused Fund
The manager is building conviction in cyclical and industrial exposure while trimming diversified conglomerates, evidenced by fresh positions in metals, chemicals, and power alongside reduced Vedanta holding. The portfolio maintains a tight 34-stock structure with concentrated bets on financials and industrial products, signaling confidence in economic recovery and infrastructure-led growth. Recent cash accumulation and sector rotation toward specialty chemicals and renewable-adjacent plays suggest the manager anticipates selective strength in capital-intensive industries over broad-based rallies.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹16.8179 | — | — | — | — |
| Regular Growth | ₹15.9373 | +1.88% | +9.60% | — | — |
| Direct IDCW | ₹15.8022 | — | — | — | — |
| Regular IDCW | ₹14.9263 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Gujarat Fluorochemicals Limited | 1.39% |
| Vedanta Aluminium Metal Limited | 0.89% |
| Vedanta Iron And Steel Limited | 0.89% |
| Talwandi Sabo Power Limited | 0.89% |
| Malco Energy Limited | 0.89% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 5.54% |
| 2 | HDFC Bank Limited INE040A01034 | 5.48% |
| 3 | Multi Commodity Exchange of India Limited INE745G01043 | 4.84% |
| 4 | Reliance Industries Limited INE002A01018 | 4.83% |
| 5 | ICICI Bank Limited INE090A01021 | 4.77% |
| 6 | Solar Industries India Limited INE343H01029 | 4.19% |
| 7 | State Bank of India INE062A01020 | 4.02% |
| 8 | KRN Heat Exchanger And Refrigeration Limited INE0Q3J01015 | 3.97% |
| 9 | Graphite India Limited INE371A01025 | 3.94% |
| 10 | Fortis Healthcare Limited INE061F01013 | 3.72% |
| 11 | ZF Commercial Vehicle Control Systems India Limited INE342J01019 | 3.70% |
| 12 | Wockhardt Limited INE049B01025 | 3.46% |
| 13 | NLC India Limited INE589A01014 | 3.26% |
| 14 | Bharti Airtel Limited INE397D01024 | 3.25% |
| 15 | Tata Consumer Products Limited INE192A01025 | 3.19% |
| 16 | UltraTech Cement Limited INE481G01011 | 2.97% |
| 17 | Larsen & Toubro Limited INE018A01030 | 2.95% |
| 18 | Shriram Finance Limited INE721A01047 | 2.94% |
| 19 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.77% |
| 20 | Varun Beverages Limited INE200M01039 | 2.75% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ITI Focused Fund hold?
ITI Focused Fund holds 33 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.11% of NAV.
What is the largest holding in ITI Focused Fund?
The largest position in ITI Focused Fund is Net Receivables / (Payables), accounting for 5.54% of NAV in the nan sector.
Is ITI Focused Fund a concentrated or diversified fund?
With a Gini coefficient of 0.250, ITI Focused Fund is well-diversified. The HHI concentration index is 32,237 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.11% of the portfolio.
What is the market cap allocation of ITI Focused Fund?
Based on SEBI's AMFI classification, ITI Focused Fund's equity portfolio is split as: Large Cap: 54.00%, Mid Cap: 7.67%, Small Cap: 23.53%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ITI Focused Fund invest in most?
ITI Focused Fund has the highest allocation to Banks (14.27%), Industrial Products (12.40%), nan (6.40%). The fund is invested across 23 sectors in total.
How actively managed is ITI Focused Fund compared to other Focused Fund funds?
ITI Focused Fund has an Active Share of 67.54%, classifying it as "Active Stock Picker" among 27 Focused Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ITI Focused Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ITI Focused Fund added 5 new stocks (including Gujarat Fluorochemicals Limited) and exited 2 stocks (including Canara Bank). Total holding count increased from 31 to 34 stocks.