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ITI Mutual Fund (MF) has launched the ITI Value Fund, an open ended equity scheme. The NFO opens for subscription on May 25, 2021 and closes on June 08, 2021. The Entry load is nil and Exit Load is 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 Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked with  Nifty 500 Value 50 and its fund managers are Pradeep Gokhale and Rohan Korde.

The investment objective of the scheme is to seek to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related instruments by following value investing strategy.