ITI Large & Mid Cap Fund
The fund maintains a defensive, financially-weighted positioning with banking and finance constituting over 27 percent of the portfolio, suggesting conviction in India's credit cycle and domestic consumption recovery. The manager is actively reshaping the portfolio by trimming underperforming tech and capital goods names while adding financial services and consumer-adjacent plays, signaling a tactical shift toward lower volatility and dividend-yielding sectors over growth momentum. The near-fully invested stance with minimal cash leaves little room for opportunistic buying during market corrections.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.6464 | — | — | — | — |
| Regular Growth | ₹9.3765 | +2.10% | -1.91% | — | — |
| Direct IDCW | ₹9.6464 | — | — | — | — |
| Regular IDCW | ₹9.3765 | — | — | — | — |
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 |
|---|---|
| Motilal Oswal Financial Services Limited | 1.01% |
| Grasim Industries Limited | 1.01% |
| Shriram Finance Limited | 0.91% |
| Godfrey Phillips India Limited | 0.80% |
| Bandhan Bank Limited | 0.69% |
| Union Bank of India | 0.65% |
| Gujarat Fluorochemicals Limited | 0.64% |
| RBL Bank Limited | 0.63% |
| NTPC Limited | 0.49% |
| Fortis Healthcare Limited | 0.49% |
| HDFC Bank Limited | 0.46% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 3.33% |
| 2 | Reliance Industries Limited INE002A01018 | 2.89% |
| 3 | IndusInd Bank Limited INE095A01012 | 2.71% |
| 4 | Bharti Hexacom Limited INE343G01021 | 2.59% |
| 5 | ICICI Bank Limited INE090A01021 | 2.04% |
| 6 | Larsen & Toubro Limited INE018A01030 | 1.95% |
| 7 | State Bank of India INE062A01020 | 1.90% |
| 8 | Supriya Lifescience Limited INE07RO01027 | 1.73% |
| 9 | Housing & Urban Development Corporation Limited INE031A01017 | 1.73% |
| 10 | LG Electronics India Ltd INE324D01010 | 1.71% |
| 11 | KEI Industries Limited INE878B01027 | 1.67% |
| 12 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.63% |
| 13 | TVS Motor Company Limited INE494B01023 | 1.57% |
| 14 | Axis Bank Limited INE238A01034 | 1.57% |
| 15 | Kotak Mahindra Bank Limited INE237A01036 | 1.52% |
| 16 | Divi's Laboratories Limited INE361B01024 | 1.50% |
| 17 | Bajaj Finance Limited INE296A01032 | 1.50% |
| 18 | One 97 Communications Limited INE982J01020 | 1.48% |
| 19 | NLC India Limited INE589A01014 | 1.43% |
| 20 | Kirloskar Pneumatic Company Limited INE811A01020 | 1.38% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ITI Large & Mid Cap Fund hold?
ITI Large & Mid Cap Fund holds 93 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 12.18% of NAV.
What is the largest holding in ITI Large & Mid Cap Fund?
The largest position in ITI Large & Mid Cap Fund is Net Receivables / (Payables), accounting for 3.33% of NAV in the nan sector.
Is ITI Large & Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.252, ITI Large & Mid Cap Fund is well-diversified. The HHI concentration index is 12,348 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 12.18% of the portfolio.
What is the market cap allocation of ITI Large & Mid Cap Fund?
Based on SEBI's AMFI classification, ITI Large & Mid Cap Fund's equity portfolio is split as: Large Cap: 36.46%, Mid Cap: 37.51%, Small Cap: 20.24%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ITI Large & Mid Cap Fund invest in most?
ITI Large & Mid Cap Fund has the highest allocation to Banks (17.46%), Finance (9.50%), Pharmaceuticals & Biotechnology (6.08%). The fund is invested across 31 sectors in total.
How actively managed is ITI Large & Mid Cap Fund compared to other Large & Mid Cap Fund funds?
ITI Large & Mid Cap Fund has an Active Share of 56.72%, classifying it as "Active Stock Picker" among 33 Large & Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ITI Large & Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ITI Large & Mid Cap Fund added 11 new stocks (including Motilal Oswal Financial Services Limited) and exited 4 stocks (including KFin Technologies Limited). Total holding count increased from 87 to 94 stocks.