Pune : ITI Mutual Fund started its operations in April 2019 and has launched 17 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 4,011 crores of assets as on May 22, 2023.
Out of the total AUM, Equity AUM accounted for Rs. 3,285 crores while Hybrid and Debt schemes accounted for Rs.432 crores and Rs.295 crores respectively. The geographical spread of the AUM is well diversified with top 5 cities accounting for 46.10%, next 10 cities with a share of 21.99%, next 20 cities with a share of 15.01%, next 75 cities with a share of 12.68% and followed by others with a share of 4.22%.
ITI Mutual Fund has announced the launch of an NFO – ITI Focused Equity Fund and the NFO opens today and closes for subscription on 12th June 2023. ITI Focused Equity Fund is a highly concentrated portfolio investing in 30 companies across market capitalisation. 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 Focused Equity Fund will be benchmarked against Nifty 500 Total Return Index.
The fund will invest predominantly in equity and equity-related securities of upto 30 companies across various market capitalisation.
The NFO is suitable for those investors who are looking to invest with a long-term horizon.
Announcing the launch of the NFO, Mr. Rajesh Bhatia- Chief Investment Officer, ITI Mutual Fund said, “As a fund house, it has been our endeavour to come out with products which meet the risk appetite of our investors. ITI Focused Equity Fund is a concentrated portfolio, and we hope to bring the benefits of growth drivers and growth leaders of many sectors to our investors on a long-term basis. 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 4 years, ITI Mutual Fund has launched 17 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 21,209 distributors across India.