ITI Mutual Fund is launching a new fund offer named ‘ITI Focused Equity Fund’, An open -ended equity scheme investing in maximum 30 stocks across market capitalization. The NFO will be open for subscription from May 29th, 2023 and will end on June 12th, 2023.
The Schemes will reopen for continuous sale and repurchase on or before June 23rd, 2023. Subscriptions can be made starting at Rs. 5,000 and in multiples of Rs. 1/-. Both a Regular Plan and a Direct Plan are available where each plan offers Growth as well as Payout of Income Distribution cum Capital withdrawal Option (IDCW).
About ITI Mutual Fund
To provide investors with the most promising opportunities for long-term wealth creation, ITI Mutual Fund was launched in 2018. Its staff of academics and investment managers is among the most experienced in the industry, and its investment solutions are carefully crafted with the investor in mind. ITI AMC employs some of the top equities and credit researchers and investment managers around, and as a result, the company has developed a distinct investment philosophy and set of strategies that are poised to provide returns over the long term. The AMC’s new status permits it to provide services that will help investors capitalize on the current economic climate. The Investment Trust of India Ltd. is the AMC’s promoter. More than 196 people are employed by the Mutual Fund’s 29 offices across India.
The AMC is a division of the ITI Group of Companies, a rapidly expanding conglomerate that provides a wide range of financial services, including equities research (retail and institutional), equity broking (retail and institutional), investment banking, asset-based financing, alternative investment funds, etc. The Approximate total value of assets under the AMC’s management is currently Rs. 3.8K crores.
ITI Focused Equity Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | ITI Mutual Fund |
| Name of the Fund | ITI Focused Equity Fund |
| Type of Scheme | Open ended |
| Category of Scheme | Equity – Focused Fund |
| NFO Starts | 29-May-2023 |
| NFO Ends | 12-June-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 5000 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | 1.00% |
| Investment Manager | ITI Asset Management Limited |
| Fund Manager | Mr. Dhimant Shah, Mr. Rohan Korde, Mr. Tanay Gabhawala |
ITI Focused Equity Fund NFO – Scheme Objective
The scheme’s investment goal is to produce long-term capital appreciation by allocating funds to a concentrated portfolio of up to 30 firms’ worth of equities and equity-related derivatives.
ITI Focused Equity Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Capital appreciation over the long term.
- Investments in a concentrated portfolio of equity & equity related instruments of up to 30 companies
How Will the Scheme Allocate Its Asset
- 65-100% in Equity or Equity Related Instruments Across market capitalization.
- 0-35% in Debt Securities and Money Market Instruments.
- 0-10% in Listed Preference Shares.
- 0-10% in Units issued by REITs and Invits.
Where Will the Scheme Invest?
The Scheme’s corpus may be invested in the following securities to meet its investment objective:
- Equity and equity-related securities, such as derivatives (stock futures/index futures and other approved derivative instruments including options), equity warrants, and convertible instruments.
- Listed Preference shares.
- Bank/development financial institution debt instruments (public and private).
- RBI may provide SEBI-approved money market instruments, including call money market 40as.
- RBI-permitted Central and State Government securities, including coupon-bearing bonds, zero-coupon bonds, and treasury bills. The relevant State Government issues State Development Loans (SDLs) in coordination with the RBI.
- Debt instruments issued by domestic government agencies and statutory entities, with or without a Central/State Government guarantee.
- Public or private corporate bonds.
- SEBI-approved foreign securities.
- Corporate debt and securities (public and private) such as bonds, debentures, notes, strips, etc.
- Tri-party GovernmentSecurities Repo
- Debt derivatives such Interest Rate Futures (IRFs), Interest Rate Options (including Call and Put options), and Interest Rate Swaps
- Repo in Corporate DebtSecurities
- Treasury Bill
- Non-convertible bonds
- Floating-rate debt
- Mutual funds.
- REIT/InvIT units
- Scheduled commercial bank term deposits
ITI Focused Equity Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
