Itus Fundamental Value Fund

A single multicap strategy, built with conviction — in search of companies that compound capital over the long term.

At a glance.

What you would be buying, before the numbers.

ROLE IN A PORTFOLIO

Core equity allocation

Discretionary PMS, not a satellite or thematic position

MINIMUM INVESTMENT

₹50 lakh

SEBI minimum is ₹50 lakh

HOLDINGS

Diversified

Across market caps, sized by evidence and liquidity

BENCHMARK

Nifty 50 TRI

Total return, not price index

SUGGESTED HORIZON

Three years and longer

Built to be held through a cycle

INCEPTION

January 2017

One inception date, used sitewide

Fee structure and calculator → Disclosure document → The full investment process →
Performance

Returns against the benchmark.

Year
ITUS FVF (after fees)
NIFTY TRI (Benchmark)
Difference
2026
3.82%
-7.00%
+10.82%
2025
6.64%
11.88%
−5.24%
2024
12.76%
10.09%
+2.67%
2023
25.61%
21.30%
+4.31%
2022
-2.83%
5.69%
−8.52%
2021
29.26%
25.59%
+3.67%
2020
40.32%
16.14%
+24.18%
2019
17.31%
13.48%
+3.83%
2018
-7.31%
4.64%
−11.95%
2017
54.66%
30.27%
+24.39%

Portfolio Management Services

₹1 Invested at Inception

Consistency in performance

Performance data is on a monthly basis and reported as on as on 31st August 2026.

Value of ₹1 invested in 2017
as on as on 31st August 2026
Fund
₹4.65 NIFTY 50
₹3.31

IRR SINCE INCEPTION

ITUS FVF (after fees)
17.22%
NIFTY 50 TRI (Benchmark)
13.45%
Rs.1 invested in the fund in 2017 would be worth Rs. 4.65 today vs a comparable Rs. 3.31 in NIFTY

as on 31st August 2026

Current PMS Fund AUM
₹ 1,293Cr
Assets Under Management
August 2026 Return
2.57%
Monthly
Cash Balance Incl. Residuals
4.56%
Liquidity Buffer
Avg Market Cap
₹ 2,37,513 Cr
Assets Under Management
Highest Exposure in a Security
6.00%
In a single holding
Current PMS Fund AUM
₹. 500Cr
Assets Under Management
April 2026 Return
8.15%
Monthly
Cash Balance Incl. Residuals
3.80%
Liquidity Buffer
Avg Market Cap
Rs. 1,85,200 Cr
Assets Under Management
Highest Exposure in a Security
5.90%
In a single holding

Who this suits.

This is built to be a core equity allocation – the part of a portfolio you want compounding steadily through a cycle, rather than the part taking a concentrated bet. Around 40 holdings across market caps, with position sizes set by weight of evidence and liquidity.

It suits capital that can stay invested for three years and longer, and an investor who would rather have consistency of return across good years and bad than the highest possible number in a single good year.

It is a poor fit for money that may be needed at short notice, or for an investor looking for a return target rather than a process.

Read the Owner's Manual →

Principal risks.

–

Equity market risk. The value of the portfolio can fall, including below the amount invested. A core allocation is not a low-risk allocation.

–

Market-cap risk. The portfolio invests across market caps. Smaller companies can fall further and take longer to exit.

–

Liquidity. In stressed markets, exiting a position may take longer or cost more than expected.

Factsheet

Factsheets for 2026
Factsheet Date Download
ITUS Capital Factsheet Aug 31, 2026 Download
ITUS Capital Factsheet July 31, 2026 Download
ITUS Capital Factsheet June 30, 2026 Download
ITUS Capital Factsheet May 31, 2026 Download
ITUS Capital Factsheet April 30, 2026 Download
ITUS Capital Factsheet March 31, 2026 Download
ITUS Capital Factsheet February 28, 2026 Download
ITUS Capital Factsheet January 31, 2026 Download

Owner's Manual

Most fund managers will send you a glossy brochure. At Itus we want you to have an Owner’s Manual. Why? Because your understanding of what we are trying to achieve and how we will approach it is a critical element in enabling us to attain our goal.

Download Manual