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Mutual Fund

ITI Focused Equity Fund Floats On
29-May-23   11:52 Hrs IST
ITI Mutual Fund has launched a new fund named as ITI Focused Equity Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Equity Scheme - Focused Fund

The scheme has two plans: regular plan and direct plan.

The Scheme has the following Options: Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option

The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.

The additional application amount is Rs 1000 and in multiples of Re. 1/- thereafter.

Load structure:? 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; ? Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

Benchmark Index for the scheme is Nifty 500 Total Return Index

The fund manager of the scheme is Mr. Dhimant Shah and Mr. Rohan Korde. Further, Mr. Tanay Gabhawala is the dedicated Fund Manager for making overseas investments

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