ITI Mutual Fund is launching its new fund named ITI Arbitrage Fund. This new fund is a hybrid mutual fund which is being launched in the NFO (New Fund Offer) from 20th August 2019 to 3rd September 2019. During this offer, the units of the new fund will be offered to the investors at a price of Rs 10 per unit.
ITI Mutual Fund is sponsored by The Investment Trust of India (ITI) Limited (60% holding) and Fortune Credit Capital Limited (40% holding). The Investment Trust of India Ltd. is the promoter of ITI Mutual Fund which has over 3000 employees across 190 branches in India.
ITI Arbitrage Fund – NFO Details
| Type of Offer | NFO (New Fund Offer) |
|---|---|
| Name of the Fund | ITI Arbitrage Fund |
| Name of the Fund House | ITI Mutual Fund |
| Type of Scheme | Open-Ended |
| Category of Scheme | Hybrid: Arbitrage |
| Offer Starts | 20th August 2019 |
| Offer Ends | 3rd September 2019 |
| Plans | Regular and Direct |
| Options | Growth and Dividend |
| NFO Unit Price | Rs 10 Per Unit |
| Minimum Investment | Rs 5,000 |
| Entry Load | Nil |
| Exit Load |
|
| Investment Manager | ITI Asset Management Limited |
| AMC Address |
Naman Midtown ‘A’ Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013 Website: www.itimf.com |
ITI Arbitrage Fund – Scheme Features
- This is an Open-ended Scheme investing in arbitrage opportunities.
- The invetment objective of this scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
- As the benchamrk, it will follow Nifty 50 Arbitrage Index.
ITI Arbitrage Fund – Asset Allocation Scheme
Important Documents Related to the Upcoming NFO Issue
Please click here to read the Scheme Information Document (SID) of this upcoming NFO.
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.
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Tags: #NFO #Mutual Fund #ITI Mutual Fund NFO #New Fund Offer #ITI Arbitrage Fund
