ITI MF introduces Flexi Cap Fund
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ITI Mutual Fund (MF) has launched ITI Flexi Cap Fund, an open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. The NFO opens for subscription on January 27, 2023 and closes on February 10, 2023. The Entry load is not applicable for the scheme. The Exit load will be 1%, if redeemed or switched out on or before completion of 12 months from the date of allotment of units and nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. The minimum subscription amount is 5,000 and in multiples of Rs 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty 500 Total Return Index and its fund managers are Dhimant Shah, Rohan Korde and Tanay Gabhawala.
The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio that dynamically invests in equity and equity-related securities of companies across various market capitalisation.
