“We are very happy with the positive response that we have received in the NFO. Our unique investment philosophy “SQL”, our transparent communication and our intense engagement with our partners across India have helped us to establish ourselves comfortably in the market place. We are focusing on T30 towns and few B30 locations from where we have got good traction. The overall response from the PAN India distributors was very encouraging and that clearly reflects in the NFO collection. As a team we are committed to deliver the best to our partners & investors on a holistic basis,” said George Joseph, Chief Executive Officer and Chief Investment Officer, ITI Mutual Fund.
ITI Mutual Fund has launched 10 schemes till now – ITI Multi Cap Fund, ITI Long Term Equity Fund (ELSS- Tax Saving Fund), ITI Arbitrage Fund, ITI Liquid Fund, ITI Overnight Fund, ITI Balanced Advantage Fund, ITI Small Cap Fund, ITI Banking & PSU Debt Fund, ITI Large Cap Fund and ITI Mid Cap Fund. ITI Mid Cap Fund is the 10th NFO from the fund house.
The AMC started its operations in April 2019 and in such a short period of less than two years; it has empanelled more than 12721 MFDs and has set up 25 branches. The fund house has set a target of opening 48 branch offices in the next few years to connect with MFDs across the country.
The fund house said in a press release that ITI Mid Cap Fund will have a well-diversified portfolio. Individual stock exposure will be capped at 3% of the AUM at the time of investment. The Fund is benchmark & sector agnostic and at the time of purchase of stocks in the fund it will stick to Mid Cap universe as defined by AMFI. At least 80% of the portfolio will comprise of core stocks and tactical bets will not be more than 20%. The objective of the fund house is to generate consistent & superior investing experience for all our investors.
