ITI Mid Cap Fund
Direct · GrowthAI Summary
ITI Mid Cap Fund has delivered a 3Y SIP XIRR of 25.41%, well ahead of the category average of 19.85%, though its 5Y XIRR of 18.5% trails the category's 20.45%. Against the NIFTY MIDCAP 150, the fund has generated positive alpha across all periods, including 5.06% over 3Y and 4.42% over 1Y, with 3Y fund CAGR of 18.15% versus the benchmark's 12.97%. Long-term outperformance is modest, with 10Y alpha of just 0.51%.
The fund shows a beta close to 1 (0.93-1.02) with consistently lower downside capture than upside capture across periods, indicating better-than-market loss containment. The 3Y Calmar ratio of 1.109 is the strongest risk-adjusted figure, while the 5Y Calmar of 0.7745 is weaker. Three drawdown events exceeding 10% have occurred, with the maximum drawdown taking 351 days to recover.
The portfolio holds 88 stocks with a well-diversified top 10, where the largest position is Federal Bank at just 3.05% of NAV. Banks is the largest sector at 13.7%, followed by Pharmaceuticals at 8.9%, giving meaningful financial sector exposure at roughly 20.6% including Finance. Holdings span banks, chemicals, fintech, healthcare, and autos, reflecting a broad mid-cap spread.
The fund's 3Y SIP XIRR of 25.41% places it clearly above the category average of 19.85%, signaling strong recent relative performance. However, its 5Y XIRR of 18.5% lags the category's 20.45%, suggesting the edge is concentrated in the recent period rather than sustained. Calendar year returns show high variability, from 43.17% in 2023 to 3.09% in 2022 and 6.0% in 2025.
This fund suits investors with a high risk tolerance seeking mid-cap exposure, given the sector's inherent volatility and the fund's drawdown history. A time horizon of at least 5-7 years is appropriate to ride out periods like 2022 and 2025 with single-digit returns. SIP investors benefit most from the strong 3Y XIRR, but should be prepared for category-lagging stretches over longer windows.
- 3Y SIP XIRR of 25.41% significantly exceeds the category average of 19.85%
- Consistent positive alpha versus NIFTY MIDCAP 150 across 1Y, 3Y, and 5Y periods, with 3Y alpha of 5.06%
- Downside capture consistently below 100% (92.1%-97.68%) while 3Y upside capture is 102.49%, indicating favorable asymmetry
- 5Y SIP XIRR of 18.5% trails the category average of 20.45%, and long-term alpha over 10Y is only 0.51%
- Highly variable calendar year returns, including 3.09% in 2022 and 6.0% in 2025, with three drawdown events exceeding 10%
Generated on 14-10-2026, 4:16 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.76 L | 20.7% | -28.3% | 90.4% |
| 3 Years | ₹36.00 L | ₹49.63 L | 25.6% | 6.5% | 45.9% |
| 5 Years | ₹60.00 L | ₹95.22 L | 18.6% | 14.1% | 20.7% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY MIDCAP 150 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 20.7% | 21.9% | 16.0% | -1.2% |
| 3 Years | 25.6% | 17.2% | 19.8% | +8.4% |
| 5 Years | 18.6% | 16.5% | 20.4% | +2.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 20.4% | 10.8% | -11.5% | 77.5% | 0.57 | 3.03 | 84% | — | — |
| 3 Years | 25.1% | 25.1% | 17.7% | 32.1% | 7.29 | — | 100% | — | — |
| 5 Years | 17.5% | 17.4% | 14.1% | 19.9% | 8.76 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY MIDCAP 150
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.57 | 0.98 | 97.8% | 93.9% | 3.0% | -0.8% |
| 3 Years | +4.82 | 1.02 | 102.5% | 98.0% | 17.7% | 12.7% |
| 5 Years | +1.91 | 0.97 | 97.3% | 95.3% | 13.9% | 12.2% |
| 7 Years | +0.84 | 0.93 | 93.9% | 92.3% | 13.6% | 13.2% |
| 10 Years | +0.44 | 0.93 | 93.9% | 92.3% | 9.3% | 9.0% |
| 12 Years | +0.29 | 0.93 | 93.9% | 92.3% | 7.7% | 7.5% |
| 15 Years | +0.13 | 0.93 | 93.9% | 92.3% | 6.1% | 5.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | The Federal Bank Limited | 3.05% |
| 2 | Solar Industries India Limited | 2.56% |
| 3 | One 97 Communications Limited | 2.33% |
| 4 | Fortis Healthcare Limited | 1.98% |
| 5 | Ather Energy Limited | 1.86% |
| 6 | Radico Khaitan Limited | 1.76% |
| 7 | TVS Motor Company Limited | 1.65% |
| 8 | IDFC First Bank Limited | 1.61% |
| 9 | IndusInd Bank Limited | 1.59% |
| 10 | Oracle Financial Services Software Limited | 1.59% |