ITI Mutual Fund is launching its new fund named ITI Long-Term Equity Fund. This new fund is being launched in the NFO (New Fund Offer) from 15th July 2019 to 14th October 2019. During this offer, the units of the new fund will be offered to the investors at a price of Rs 10 per unit. The upcoming fund is an open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.
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 Long-Term Equity Fund – NFO Details
| Type of Offer | NFO (New Fund Offer) |
|---|---|
| Name of the Fund | ITI Long-Term Equity Fund |
| Name of the Fund House | ITI Mutual Fund |
| Type of Scheme | Open-Ended |
| Category of Scheme | ELSS (Equity-Linked Saving Scheme) Fund |
| Offer Starts | 15th July 2019 |
| Offer Ends | 14th October 2019 |
| Plans | Regular and Direct |
| Options | Growth and Dividend |
| NFO Unit Price | Rs 10 Per Unit |
| Minimum Investment | Rs 500 |
| Entry Load | Nil |
| Exit Load | Nil |
| Investment Manager | ITI Asset Management Limited |
| Fund Manager(s) | Mr. Pradeep Gokhale, Mr. George Heber Joseph |
| AMC Address |
Naman Midtown ‘A’ Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013 Website: www.itimf.com |
ITI Long-Term Equity Fund – Scheme Features
- This is an open-ended ELSS (Equity-Linked Saving Scheme) with a statutory lock in of 3 years and tax benefit.
- The investment objective of this scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities.
- It will follow Nifty 500 Total Return Index as a benchmark.
ITI Long-Term Equity Fund – Important Documents
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.
Tags: #NFO #Mutual Fund #ITI Mutual Fund NFO #New Fund Offer #ITI Long-Term Equity Fund
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