ITI Mutual Fund’s Upcoming NFO Will Offer Regular Income Over Long-Term
ITI mutual fund aims to offer high-quality investment solutions to investors. It plans to launch a new fund offer. The name of NFO is ITI Balanced Advantage Fund. ITI MF’s new fund offer will open for subscription on December 9, 2019, and closes on 23rd December. The scheme will reopen on January 6th for continuous purchase.
The scheme is suitable for investors who are seeking capital appreciation while generating income over the long term and medium term. ITI MF Balanced Advantage Fund is an open-ended dynamic asset allocation fund.
ITI mutual funds upcoming NFO will have two plans namely direct and regular along with growth and dividend options.
Basic Details of ITI Mutual Fund’s Balanced Advantage Fund
| NFO Name | ITI Balanced Advantage Fund |
| NFO Period | Dec 9, 2019 – Dec 26, 2019 |
| Type | Open-ended Dynamic Asset Allocation Scheme |
| Benchmark | CRISIL Hybrid 50+50 – Moderate Index |
| Fund Manager | Mr. George Heber Joseph & Mr. Pradeep Gokhale |
Objects of The Issue
ITI NFO looking to invest in equity and equity-related instruments and fixed income securities for providing capital appreciation to the investors who seek regular income over the long term.
Minimum Investment per Application
The minimum application amount is set at Rs 5000 and in multiples of Re. 1 thereafter. For an additional purchase, investors invest a minimum of Rs 1000 and in multiples of Rs 1 following.
The entry load is not applicable. Exit load will applicable as 1 percent. If investors redeemed or switched out their units on or before one year from the date of allotment.
Investment Pattern
The scheme will invest a maximum of 100% and a minimum of 65% assets in equity and equity-related instruments including derivatives at high risk. It also aims to invest a maximum of 35 percent of assets in Money market instruments and debt instruments which have mature in 3 years with low to medium risk. Moreover, the scheme may park investments in Units issued by REITs and InvITs up to 10% at medium to high risk.
| Instruments | Maximum | Minimum | Profile |
| Equity and Equity Related Instruments | 100% | 65% | High |
| Money Market and Debt Securities | 35% | 0% | Low to Medium |
| Units issued by in REITs and InvITs | 10% | 0% | Medium to High |
The performance of ITI NFO will against to CRISIL Hybrid 50+50 – Moderate Index. ITI mutual fund scheme will manage by co-fund manager Mr. George Heber Joseph & Mr. Pradeep Gokhale.
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.