ITI Mutual Fund launches ITI Value Fund NFO

ITI Mutual Fund has launched the ITI Value Fund, the 12th scheme in its bouquet of funds. The new fund offer opens on May 25 and closes on June 8. The scheme will invest in undervalued stocks over a long period of time. Minimum application amount in the scheme is Rs 5,000 and multiples of Rs 1 thereafter.

A press release from the fund house said that the scheme is ideal for those who are looking for long term returns and follow value- based investment strategy.

“The fund house since its inception has been offering unique investment experience to its investors. With Value Fund, we aim to generate long term capital appreciation by identifying undervalued stocks which have the potential to offer superior risk-adjusted returns in the long term on a consistent basis,” George Heber Joseph, Chief Executive Officer (CEO) and Chief Investment Officer (CIO), ITI Mutual Fund.

ITI Mutual Fund started its operations in April 2019 and has launched eleven mainstream investment products in the market since then. Till now ITI Mutual Fund has launched — schemes – 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, ITI Mid Cap Fund and ITI Ultra Short Duration Fund.