Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 83/100 · Excellent
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)20.52%
- Expense ratio (20%)1.09%
- AUM (15%)₹8,403 Cr
Not investment advice — an analytical read of public fund data. Methodology →
ITI Mutual Fund · Equity · Mid Cap
₹384.71
AUM: ₹8,403 Cr
NAV updated 13 days ago
Plan
Direct
Option
Idcw
Risk
Very High
Expense Ratio
1.09%
Exit Load
Exit load of 1% if redeemed within 1 year.
Fund Manager
Mrinal Singh, Mittul Kalawadia
Inception
Jan 2013
Benchmark
NIFTY Midcap 150 Total Return Index
Sharpe Ratio
-7.59
Std Dev (1Y)
0.81%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-1.62%
3m
+5.41%
6m
+11.61%
1y
+15.07%
3y
+20.52%
5y
+17.74%
10y
+16.87%
since inception
+0.03%
TopFund's Take on ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option
ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option ranks among the stronger performers in the Mid Cap category, backed by a 4-star rating. Consistent 3-year performance combined with a strong rating makes this one of the more credible options in its space. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 83/100.
Cost: At 1.09%, the expense ratio runs 42% above the Mid Cap category average of 0.77%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -7.59 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.81% is on the lower side for a Mid Cap fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors with a 5+ year horizon comfortable with meaningfully higher volatility than large cap funds. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option
The current NAV (Net Asset Value) of ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option is ₹384.71. NAV is updated every business day after market close by AMFI.
1Y: 15.07% · 3Y CAGR: 20.52% · 5Y CAGR: 17.74%
The expense ratio of ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option is 1.09% per annum. This is the annual fee charged by the fund to manage your investment.
ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option is managed by Mrinal Singh, Mittul Kalawadia at ITI Mutual Fund.
ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
Yes, ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option is an equity fund, making it suitable for SIP investments. Regular monthly SIPs help average out market volatility through rupee-cost averaging.
You can start a SIP in ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of ITI Overnight Fund - Direct Plan - Fortnightly IDCW Option is ₹8,403 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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