PUNE, January 27, 2023: ITI Mutual Fund started its operations in April 2019 and has launched 16 mainstream mutual fund products in the market for investors. The AMC is backed by a large conservative cash-rich business group. In such a short span, the group has ensured that the governance, people, processes, and infrastructure are well established within the AMC for creating a smooth long- term investing experience for investors. The fund house manages close to Rs 3557 crores of assets as at the end of 31st Dec 2022. Out of the total AUM, Equity AUM accounted for Rs. 2674.94 crores while Hybrid and Debt schemes accounted for Rs.553.45 crores and Rs. 329.34 crores respectively. The geographical spread of the AUM is well diversified with top 5 cities accounting for 40.53%, next 10 cities with a share of 19.77%, next 20 cities with a share of 12.27%, next 75 cities with a share of 10.50% and followed by others with a share of 16.92%.
- ITI Flexi Cap Fund is an open-ended equity fund.
- It is suitable for investors looking for capital appreciation on a long term basis.
- It is a product offering from ITI Mutual Fund that shall invest across Large, Mid & Small Cap companies.
ITI Mutual Fund has announced the launch of an NFO- ITI Flexi Cap Fund and the NFO opens today and closes for subscription on February 10, 2023. The Minimum application amount is Rs 5000 and in multiples of Rs. 1 thereafter. The fund will be jointly managed by Mr. Dhimant Shah and Mr. Rohan Korde. ITI Flexi Cap Fund will be benchmarked against Nifty 500 Total Return Index.
The fund will invest in predominantly equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
The NFO is suitable for those investors who are looking to remain invested on a long-term basis.
Announcing the launch of the NFO, Mr. Rajesh Bhatia- Chief Investment Officer, ITI Mutual Fund said, “We have launched ITI Flexi Cap Fund with a view to offer investors the benefit of staying invested across market caps and diverse sectors. With capex cycle expected to increase further, investors can get an opportunity to experience the growth curve across many industries. With proven track record and a sound philosophy of investment, ITI Mutual Fund is focussed on offering investment solutions to all investors with varied risk appetites”.
In a period of less than 4 years, ITI Mutual Fund has launched 16 schemes and is committed to offer best investment experience to mutual fund investors.
ITI Mutual Fund has presence over 57 locations (through its branches/ ITI group offices) & has a distributor reach of 19,698 distributors across India.
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